Nissan Motor Co (JP:7201) has released an update.
Nissan Motor Co. has reported a challenging first quarter for the fiscal year 2024 with a slight increase in net revenue but significant decreases in operating profit and net income. The company has responded by optimizing inventory and focusing on sales quality, particularly in the U.S. market, and is expecting a recovery in the second half of the year driven by new model launches and revised full-year financial forecasts.
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