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Business & Finance

Nissan upgrades annual forecast despite Q3 net loss

  • Nissan, which revised its annual forecasts up last quarter, said it was further upgrading its outlook.
Published February 9, 2021

TOKYO: Crisis-hit Japanese automaker Nissan on Tuesday upgraded its full-year forecast for the second straight quarter, as the global auto industry showed signs of recovery from the coronavirus pandemic.

Nissan, which revised its annual forecasts up last quarter, said it was further upgrading its outlook, projecting a net loss at 530 billion yen ($5.1 billion) for the fiscal year to March, smaller than its earlier estimate of a 615 billion yen net loss.

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