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Nissan Turns Profit After Rough Patch | San Francisco News
Description
Nissan’s back in the black after a brutal year — posting a $24 million profit in Q1, up from a $1.15 billion loss last year — with sales soaring 9.5%. CEO Ivan Espinosa credits cost-cutting, but warns of ongoing hurdles: Middle East instability, fierce competition in China’s EV market, Japan’s earthquake disrupting 5,000 vehicles, lingering U.S. tariffs, and stubborn material costs. Still, Nissan stands by its full-year forecast: ¥20 billion profit and ¥13 trillion in sales — proving resilience amid global chaos.
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