Nissan Reports First Quarterly Loss Since 2009 as U.S. Sales Slump
Japanese automaker Nissan Motor (OTC: NSANY) posted a net loss of 26.1 billion yen ($239 million) and a 78% decline in operating profit in the quarter that ended on Dec. 31, as its new CEO outlined a plan to return to growth in the crucial U.S. market.
Nissan also cut its guidance for the fiscal year that will end on March 31.
The loss was Nissan's first quarterly net loss since the April-to-June quarter of 2009, when the auto industry was reeling in the midst of the global economic crisis.
Source Fool.com
