Nissan cuts forecast in first results since Ghosn arrest

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Nissan cuts forecast in first results since Ghosn arrest

Nissan cuts forecast in first results since Ghosn arrest

nissan cuts forecast in first results since ghosn arrest - Nissan cuts forecast in first results since Ghosn arrest

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Japan’s Nissan has lower its full-year benefit forecast in its first results since former chairman Carlos Ghosn’s arrest for monetary misconduct.

The carmaker decreased its running benefit estimate to 450bn yen ($four.1bn; £three.2bn) from 540bn yen up to now.

It comes because the Nissan-Renault alliance is being examined through the scandal surrounding Mr Ghosn.

The 64-year-old has been in jail since November after Nissan accused him of understating his pay.

The lower to the full-year outlook got here regardless of a upward thrust in running benefit to 103.3bn yen for the 3 months to December, up from 82.4bn yen a yr previous.

But the Japanese carmaker revised its full-year forecasts “given the performance in the first nine months of the year”.

Over that length, it stated world gross sales fell 2.1% “with growth in Japan, China and other markets offset by decreases in North America and Europe”.

Post-Ghosn technology

The results are the first to be printed since the arrest of its former chairman.

Mr Ghosn, the architect of the Renault-Nissan alliance, has been charged with monetary misconduct and breach of agree with.

He used to be sacked through Nissan after his arrest final yr and resigned from Renault.

Renault and Nissan have pledged to proceed their alliance. The new boss of Renault Jean-Dominique Senard will meet Nissan’s boss Hiroto Saikawa in Japan this week.

The BBC’s Tokyo correspondent Rupert Wingfield-Hayes stated all indications are that the Mr Senard and Mr Saikawa have very other perspectives of what course their post-Ghosn alliance will have to take.

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