Nissan sees record annual net loss as carmaker tries to turn around business under new CEO
Business
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Nissan has announced that it now expects a record net loss of up to €4.6 billion for the fiscal year that ended in March, around nine times larger than its previous forecast only two months ago. The Japanese carmaker says this is due to impairment charges as part of its "turnaround plan" under new CEO Ivan Espinosa. Plus, souvenir shops in Rome are seeing an influx of customers as tens of thousands of Catholic faithfuls visit the Vatican to pay tribute to Pope Francis.
