Nissan Sees ¥180 Billion First-Half Loss After Fourth Quarter in Red

Nissan Motor Co. reported an operating loss of 79.1 billion yen ($535 million) for the April–June quarter and a net loss of 115.7 billion yen, marking its fourth consecutive quarterly deficit. Revenue fell 9.7% to 2.7 trillion yen as tariffs on U.S. imports, weaker demand and restructuring expenses continued to weigh on results. The Yokohama-based automaker said the U.S. 25% automotive tariff and higher raw-material costs compounded the drag from its ongoing turnaround programme, which includes shuttering plants and trimming production capacity. "We are still in the early stages of recovery, but cost-cutting measures are progressing," Chief Executive Officer Ivan Espinosa told reporters. Looking ahead, Nissan forecast an operating loss of 180 billion yen for the six months ending in September while maintaining its full-year target of selling 3.25 million vehicles worldwide. As part of the overhaul, the company will close its Civac plant in Mexico by March 2026 and consolidate domestic production, steps that form part of a broader plan to cut about 20,000 jobs and shrink its manufacturing footprint to 10 sites.