TOKYO – Nissan posted a loss of 44.4 billion yen ($421 million) in the last quarter as the pandemic slammed profitability and the Japanese automaker fought to restore a brand image tarnished by a scandal centered on its former star executive Carlos Ghosn.
Nissan Motor Co. had a profit of 59 billion yen in July-September of 2019. Yokohama-based Nissan reported Thursday its quarterly sales dipped to 1.9 trillion yen ($18 billion) from 2.6 trillion yen a year earlier.
Nissan officials said its global sales are expected to recover to pre-pandemic levels by December, if improvements continue at the current pace.
Chief Executive Makoto Uchida promised the company will work hard to recover and become “a trusted company,” delivering products that.