Nissan downgrades FY forecast as Honda deal terminated

Nissan is expecting a net loss of ¥80bn for the current fiscal year as the Japanese giant moves ahead with ¥400bn of cost savings, including reducing global capacity by 20%, with progress already made in China.

Andrew Tjaardstra

February 14, 2025

Nissan and Honda Motor decided to terminate the Memorandum of Understanding (MoU) signed on December 23 last year for a potential meger between the two Japanese motor giants.

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