Nissan Motor Co Chief Executive Makoto Uchida on Tuesday said he expect...
FILE PHOTO: Nissan Motor chief executive Makoto Uchida speaks during a news conference at Nissan Motor headquarters in Yokohama, Japan, December 2, 2019. REUTERS/Kim Kyung-Hoon/File Photo
YOKOHAMA - Nissan Motor Co Chief Executive Makoto Uchida on Tuesday said he expects the Japanese automaker’s earnings and cashflow to remain pressured through the end of the financial year in March as it grapples with weak global car sales. Uchida was addressing shareholders for the first time since taking over the top position at Nissan in December amid the automaker’s struggles to recover from diving profits and a corporate shake-up following the arrest of former chairman Carlos Ghosn in late 20018.
Last week, Nissan slashed its forecasts for full-year profit to an 11-year low and cut its dividend outlook to its lowest since the 2011 financial year, after dwindling car sales drove the company to post its first quarterly net loss in nearly a decade.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Clock's ticking for Nissan boss Uchida to show he has a plan: sourcesNissan's new CEO Makoto Uchida doesn't have time to work his way into ...
Read more »
AMC Entertainment CEO Adam Aron's plans to fix a stock price drop - Business InsiderWall Street is betting AMC is in a downward spiral. Here's the inside story of how the world's biggest movie-theater chain is battling for a comeback.
Read more »
Exclusive: Italian government leaning towards third term for Eni CEO - sourcesThe Italian government is leaning toward reappointing Claudio Descalzi as CEO of...
Read more »
Amazon CEO Jeff Bezos Pledges $10 Billion to Fight Effects of Climate ChangeIn an Instagram post, Bezos announced that he would donate around 7.7 percent of his net worth to a new initiative that will fund individuals and groups researching and fighting climate change
Read more »
Bertelsmann CEO Says RTL, ProSiebenSat.1 Should Be Free to MergeThe CEO of German media giant Bertelsmann has said its RTL Group TV division should be allowed to merge with German rival ProSiebenSat.1 and called for a loosening of E.U. antitrust regulations in …
Read more »
Steve Madden Goes Off on Rival CEO Stacey Bendet Over Lawsuit ClaimsSteve Madden unleashed a profanity-laced tirade on the founder of a clothing company who's accused him of stealing her design.
Read more »