Home Current News Scandal-hit Nissan’s profits crash amid lower global sales

Scandal-hit Nissan’s profits crash amid lower global sales

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Scandal-hit Nissan's profits crash amid lower global salesJapanese automaker Nissan reported Tuesday that its July-September profit tumbled to half of what it earned the year before as sales and brand power crumbled following the arrest of its former chairman, Carlos Ghosn. Yokohama-based Nissan Motor Co.’s fiscal second quarter profit totaled 59 billion yen ($541 million), down from 130 billion yen in 2018. Quarterly sales slipped nearly 7% to 2.6 trillion yen ($24 billion), falling globalling, including in the key U.S., European and Japanese markets.

Source: yahoo.com/news