Nissan reported on July 25 that earnings fell to 6.4 billion yen in the three months ending June 30, down around 95% from the same period the previous year. The Japanese carmaker’s operating margin fell from 4% to 0.1%.
The company said it would expand job cuts to over 12,500 people to help turn around the business, mostly at overseas factories with low utilisation rates. Renault owns 43% of the Japanese automaker, which in turn holds a 15%, non-voting stake in its partner. Chief Executive Hiroto Saikawa, who has sought more equal footing with Renault, last month said Nissan would postpone discussions on the alliance's future to prioritise performance.
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:
Who said first how bad things were at Nissan? Don't scratch your head, it was CarlosGhosn
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chipotle earnings delivered, but its stock is starting to look like a high-priced menu itemDigital sales growth led Chipotle Mexican Grill to beat on earnings, revenue and same-store sales, but with shares of the fast-casual restaurant chain back at a market valuation it last saw in its 2013-2015 pre-foodborne illness heyday, investors may focus on the risks. Something tells me cnbc was short on $CMG .... oh well time. Can't win it all
Source: CNBC - 🏆 12. / 72 Read more »
Snap earnings send stock higher than IPO price for first time in more than a yearSnap went for $17 in its IPO but hasn't consistently traded higher than that. Today it gained 18.5% to close at $17.58 -- giving the company a market cap of more than $23.8 billion.
Source: MarketWatch - 🏆 3. / 97 Read more »
Facebook Posts Strong Earnings, Revenue GrowthFacebook pushed past a record-setting privacy fine in the second quarter to post strong earnings and revenue of $16.9 billion, up 28% from a year ago. Boris Johnson's family was an immigrant Muslim Your stock is under investigation & you profit😡😳cheaters will always lose it always happens in the end🧐 every minute of the video an ad appears, it starts to get boring, Fb does not take long to disappear
Source: WSJ - 🏆 98. / 63 Read more »