TOKYO – US President Donald Trump’s high tariffs gave a severe blow to earnings at seven major automakers in Japan in April to June, sending Nissan Motor Co. and Mazda Motor Corp. into the red for the first time in five years on a fiscal first-quarter basis.
According to their earnings reports for the first three months of fiscal year 2025, Nissan logged a group net loss of 115,758 million yen, against a net profit of 28,562 million yen a year earlier.
Mazda, on the other hand, posted a net loss of 42,104 million yen, against 49,814 million yen, year on year. (Jiji Press)
