Nissan has projected a third year of net losses with its turnround efforts hobbled by “huge risks” from the global chip shortage and a surge in raw material costs.
Japan’s third-largest carmaker, which has an alliance with France’s Renault and Mitsubishi Motors, said production was likely to drop by 500,000 vehicles between April and September because of the semiconductor crisis.
The warning echoes forecasts from rivals including Volkswagen, Ford and Stellantis for a bigger production hit in the next few months and prompted the Japanese group to issue far weaker guidance than expected.
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