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Nissan posts biggest loss in 20 years, unveils turnaround plan

Nissan posts biggest loss in 20 years, unveils turnaround plan

May 28, 2020

Nissan reported a 671 billion yen ($6.2 billion) net loss for the latest fiscal year and unveiled a plan to turn the carmaker around by eliminating about 300 billion yen in annual fixed costs, cutting capacity and reducing the number of vehicle models.

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