Nissan Motor’s fourth quarter fiscal year loss will result in a negative charge estimated at EUR1,151m against Renault’s first-half 2009 net income.
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The automaker’s French alliance partrner said the cost to its bottom line was based on an average exchange rate of JPY121.9 to the euro for the quarter.
Nissan yesterday posted a net loss of JPY233.7bn for the full fiscal year ended 31 March 2009, and forecast a fiscal year 2009/10 net loss of JPY170bn.
However, the full-year results were better than those forecast (net loss of JPY265bn and operating loss of JPY180bn) when the third-quarter financial results were announced last February.
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