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Nissan slashes FY 2024 outlook for third time

In its Q3 2024 results, Nissan posted a significant drop in profits and pledged to speed up the timeline of its promised turnaround. By Stewart Burnett

On 13 February 2025, Japanese automaker Nissan posted a 78% plunge in its Q3 operating profits to JP¥31.1bn (US$202m), falling short of analyst predictions and prompting it to lower its full-year 2024 forecast for the third time to JP¥120bn (-20%). The embattled automaker reiterated its pledge to turn around the company’s fortunes, promising an accelerated timeline in some areas.

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