Nissan has predicted a loss between $4.9 billion and $5.3 billion (£3.7bn-£4bn) for the year, primarily due to the impact of Donald Trump’s tariffs.
The Japanese automaker, already struggling financially and heavily indebted, faces additional challenges from the U.S. President’s vehicle tariffs.
Yesterday, President Trump suggested potentially exempting the auto industry from certain tariffs but maintaining a 25% tariff on all imported foreign-made cars.
This exemption, however, would not apply to a separate 25% tariff on car parts, scheduled to begin on May 3.
Nissan had previously anticipated a much smaller loss of $560 million for the financial year 2024-25, which ended in March.
Meanwhile, South Korean automaker Hyundai has established a special task force in response to the tariffs and has shifted production of some Tucson crossover models from Mexico to the United States.
“We anticipate continued business challenges due to escalating trade tensions and various other unpredictable macroeconomic factors,” Hyundai stated.
