After posting only its first third quarterly loss in 11 years, Nissan Motor Co. on Thursday again cut its annual profit forecast due to weak demand and economic uncertainties.
To make matters worse, the ongoing COVID-19 epidemic will likely weigh on the automaker, which is still reeling from a sales downturn and management upheaval.
The Yokohama-based company reported a net loss of ¥26 billion for the October-December quarter. The last time Nissan posted a net loss in the same period was in 2008, during the global financial crisis.
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