Honda reported a quarterly operating loss as the pandemic spread to its key U.S. market, but the Japanese automaker still predicts a full-year profit. Honda's North American business booked an operating loss of 77.8 billion yen (C$977.4 million) in the period.
The EV will help spearhead a renewal of Nissan’s global lineup, CEO Makoto Uchida said at a contentious annual shareholders’ meeting where investors criticized the automaker's handling of the Carlos Ghosn scandal. Meanwhile, Nissan Canada confirmed the vehicle will be sold in Canada.
The automaker warned that its operating profit likely will drop 80 per cent in the current fiscal year as the coronavirus pandemic hits global demand for cars. CFO Kenta Kon said a return to normal business in the U.S. could take the rest of 2020.