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Nissan Set For Weakest Profit In 11 Years As Ghosn Woes, Bleak Sales Weigh

Video Credit: Wochit - Duration: 00:47s - Published < > Embed
Nissan Set For Weakest Profit In 11 Years As Ghosn Woes, Bleak Sales Weigh

Nissan Set For Weakest Profit In 11 Years As Ghosn Woes, Bleak Sales Weigh

Nissan Motors forecast a 28% plunge in its annual operating profit, putting it on course for the weakest earnings in 11 years.

The forecast also underscoring Nissan's struggle to turn the page after former Chairman Carlos Ghosn was ousted.

The lackluster outlook from Japan’s No.2 automaker is likely to add to the pressure on CEO Hiroto Saikawa as he tries to overhaul corporate governance and put Nissan on a more equal footing with alliance partner Renault.

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