FILE PHOTO: Workers are seen on the production line at Nissan’s car plant in Sunderland Britain, October 10, 2019. REUTERS/Phil Noble/File Photo
TOKYO (Reuters) – Shares of Nissan Motor (7201.T) slid more than 4% in early trade on Wednesday, a day after the Japanese automaker reported a 70% plunge in quarterly profit and slashed its full-year forecast to an 11-year low.
Nissan’s bottom line was hit by a strong yen and falling sales and its poor performance highlights the turmoil at the automaker after the ouster of former boss Carlos Ghosn.
Reporting by Chris Gallagher; Editing by Himani Sarkar