Nissan has revised its fiscal 2024 outlook, projecting a net loss of £3.66 billion to £3.92 billion (700–750 billion yen),

Nissan Motor sees a record net loss of 700 billion yen to 750 billion yen ($4.91 billion-$5.26 billion) for the financial year that ended in March, it said on Thursday, due to impairment charges as the struggling automaker restructures.

Nissan projects a $5B loss for the fiscal year, driven by sales declines, restructuring, and impairments, while focusing on recovery.