Key facts
- Nissan said the first-half net loss narrowed to 39.7 billion yen from 221.9 billion yen a year earlier.
- Nissan attributed the improvement to cost reductions and a weaker yen during its restructuring.
- Nissan said it has been struggling to make its core automotive business profitable.
Nissan Motor said on November 11 that its net loss for the six months ended September narrowed to 39.7 billion yen ($249 million), from a net loss of 221.9 billion yen a year earlier. The automaker said cost reductions and a weaker yen helped it through a major restructuring.
Nissan has been struggling to make its core automotive business profitable, held back by a high-cost structure and a legacy of prioritizing production scale over profitability, the company said. The report was published by Nikkei Asia on November 11.