Nissan’s $4.5 Billion Loss Signals Tough Road Ahead for EV Strategy
Nissan Motor Co., once a pioneer in electric vehicles with the Leaf, reported a staggering $4.5 billion net loss for fiscal 2024, its worst financial performance in 25 years, prompting a drastic restructuring plan. Bloomberg reported that the Japanese automaker is grappling with an outdated lineup, declining U.S. sales, and looming tariffs, raising questions about…