Nissan logs 221.92 bil. yen net loss in April-Sept. on poor sales, tariffs

Nissan Motor Co. reported Thursday a net loss of 221.92 billion yen ($1.44 billion) for the April-September period on sluggish global vehicle sales and the impact of hefty U.S. tariffs, coming under fresh pressure to push through restructuring steps.The result, a sharp downturn from a profit of 19.22 billion yen in the same period last year, marked the ailing Japanese automaker's first red ink for the first-half period in five years. Nissan again withheld its full-year forecast for the year through next March on a net basis, citing ongoing evaluation of recovery plan measures.For the six mo…READ FULL ARTICLE