Nissan reports $79bn operating loss in Q1

Nissan Motor reported a consolidated operating loss of ¥79.1bn and net loss of ¥115.8bn for Q1 FY25, a substantial deterioration from the previous year. Global retail sales fell 10.1% to 707,000 units, with net sales down 9.7% to ¥2,706.9bn due to lower volumes, adverse exchange rates and US tariffs.

The company achieved over ¥30bn in cost reductions during Q1 and announced consolidation of five out of seven targeted production sites. Nissan raised ¥860bn through bonds in July, boosting liquidity to ¥3.1 trillion.