Nissan Returns to Profit as Re:Nissan Cuts Costs and Sales Target Slips
Nissan swung from a 115.8 billion yen quarterly loss to a 77.9 billion yen operating profit as the Re:Nissan restructuring delivered about 60 billion yen in savings. The program targets 500 billion yen in full-year cost reductions, while demand remains soft and the sales target was trimmed to 3.15 million vehicles, with guidance reaffirmed. Europe-linked output at Sunderland remains a key focus.