FILE PHOTO: Nissan Motor's logo is pictured at its headquarters in Yokohama, Japan February 13, 2020. REUTERS/Kim Kyung-Hoon/File Photo
Japan’s No.2 automaker has been badly shaken by the scandal surrounding former boss Carlos Ghosn. But that crisis has been compounded by worsening sales and a brand image tarnished by years of heavy discounting in the United States and other markets. “It is too early for a halt in downward trend in Nissan’s share price in this environment,” Jeffries analyst Takaki Nakanishi wrote in a note to clients following the results on Thursday.
Nissan planning to end US production. Company is in trouble.
recession?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: