Automakers

Nissan cut to junk by S&P with profit, sales seen remaining weak

Nissan sign Japan
(BLOOMBERG)
B
By:
Bloomberg
March 07, 2023 09:15 AM

Nissan’s credit rating was slashed to junk by S&P Global Ratings, a blow for an automaker that has struggled to boost profitability in the years following former Chairman Carlos Ghosn’s arrest and the industry’s pivot toward electrification.

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