ID:
1556086934050811500
Wed, 2019-04-24 06:17
TOKYO: Nissan issued a profit warning on Wednesday, deepening the woes of the Japanese car giant as it seeks to recover from the shock of former boss Carlos Ghosn’s arrest.
The firm downgraded its projection for net profit in the fiscal year to March 2019 from ¥410 billion ($3.7 billion) to ¥319 billion, the second cut in its forecast in recent months.
Nissan appeared to acknowledge the recent difficulties surrounding the Ghosn affair, which has cast questions over the company’s own corporate governance.
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