Nissan, which is trying to unpick Carlos Ghosn's sales strategy, issued its second profit warning this year
YOKOHAMA—Nissan Motor Co. issued its second profit warning this year, weighed down by a warranty extension for vehicles in the U.S. and efforts to unwind a U.S. sales strategy by former Chairman Carlos Ghosn.
Operating profit for the year, which ended March 31, is expected to decline 29.3% to ¥318 billion from its previous projection of ¥450 billion estimated in February. The company’s operating margin, a measure of how much it makes from selling cars, is expected to fall to 2.7%, down from the already slim...Carlos Ghosn, the former chairman of Nissan and Renault, assailed Nissan executives and said he is innocent, in a video released by his lawyers and was recorded before his arrest.
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