TOKYO — Japanese automaker Nissan Motor on Tuesday announced a net loss of 670 billion yen ($4.5 billion) for the fiscal year ended March, and did not disclose its forecast for the current fiscal year, posing an early test for its new CEO as he embarks on a series of turnaround steps at the ailing company.
The carmaker’s bottom line for fiscal 2024 sagged badly compared with the previous year, when it posted a net profit of 426.6 billion yen. The weaker numbers were blamed on sluggish sales in its major markets, including the U.S. and China, as well as impairment charges related to a review of its assets across North America, Latin America, Europe and Japan.
