Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

The Murderous Lure of Jihad: Tackiling ISIS and its Worldwide Recruitment

Read more

FOCUS

Republicans block Obama's bid to hike minimum wage

Read more

WEB NEWS

Calls for ISIS media blackout after execution of James Foley

Read more

WEB NEWS

Web users divided over Darren Wilson

Read more

WEB NEWS

Web users take on 'Ice Bucket Challenge' to fight ALS

Read more

ENCORE!

From Paris's Liberation to 'arresting' art in Avignon

Read more

INSIDE THE AMERICAS

Ferguson riots: Pressure mounts on Obama

Read more

IN THE PAPERS

'The pen is mightier than the sword'

Read more

IN THE PAPERS

'Requiem for a recorder'

Read more

  • Two US Ebola patients leave hospital ‘virus-free’

    Read more

  • Turkey’s Erdogan names foreign minister Davutoglu as next PM

    Read more

  • US reaches historic $16.7bn settlement with Bank of America

    Read more

  • Special report: Supplying Ukraine’s soldiers on the front line

    Read more

  • US forces tried to rescue slain reporter from IS captors

    Read more

  • Israeli air strike kills three top Hamas commanders

    Read more

  • France delivered arms to Syrian rebels, Hollande confirms

    Read more

  • Tensions high in Yemen as Shiite rebel deadline looms

    Read more

  • Interactive: Relive the Liberation of Paris in WWII

    Read more

  • French village rallies behind besieged elderly British couple

    Read more

  • Former Irish PM Albert Reynolds dies at 81

    Read more

  • Former Femen activist detained after fighting veiled woman

    Read more

  • Thailand coup leader Prayuth Chan-ocha voted prime minister

    Read more

  • Brazil’s Silva launches bid after Campos plane crash death

    Read more

  • Brutal IS beheading video sparks social media pushback

    Read more

  • US attorney general visits Missouri town after fatal shooting

    Read more

Business

Nissan registers first loss under Ghosn's presidency

Video by Catherine VIETTE

Latest update : 2009-05-12

Nissan has registered its first loss since Renault put chief executive Carlos Ghosn in command of the carmaker in 1999. However, Ghosn, while remaining cautious, said he was seeing signs of a renewed consumer confidence.

AFP - Nissan Motor Co., Japan's number three automaker, announced Tuesday an annual net loss of 233.7 billion yen (2.4 billion dollars) and said it expected to stay in the red this year.

It is the automaker's first loss since chief executive Carlos Ghosn was parachuted in by Renault a decade ago to rescue the company from the brink of bankruptcy.

"The global economic recession and financial crisis continue, but we are beginning to see some signs of improved access to credit, the impact of government stimulus packages and a gradual return in consumer confidence," Ghosn said in a statement.

"We remain cautious about the economic environment and fully focused on our company's recovery efforts," he said.

 

Date created : 2009-05-12

COMMENT(S)