Nissan posts record annual loss due to pandemic, chip shortage By Reuters
TOKYO (Reuters) -Nissan Motor Co reported on Tuesday a record annual loss as the coronavirus pandemic hit vehicle sales and a global shortage of semiconductors forced the carmaker to cut production. Nissan, Japan's No. 3 carmaker by sales, said its annual operating loss widened in the year ended March 31 to 150.65 billion yen ($1.38 billion) from a 40 billion yen shortfall in the previous year. It marked the worst performance in 12 years for the carmaker, which has not made a profit since the the year ended March 2019. However, it beat its February...
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