Tesla cutting car prices; KFC testing a new twist on its classic chicken sandwich
Fox Business Briefs: Electric car company Tesla is cutting prices as much as 6 percent; KFC is testing a new, premium chicken sandwich replacing the Crispy Colonel sandwich.
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Nissan Motor Co. recorded a $6.2 billion loss in the year ended in March after it took big write-downs as part of a restructuring plan that aims to make the car maker leaner and more profitable.
Nissan said Thursday it booked Yen603 billion ($5.6 billion) in restructuring costs and impairment losses, leading to a net fiscal-year loss of Yen671 billion. Previously, Nissan had forecast a much smaller loss based on its operating performance, but it had warned that one-time charges might widen the figure.
FORD HALTS PRODUCTION AT KANSAS CITY PLANT OVER CORONAVIRUS CASE
The company's shares rose 8.2% in Tokyo trading Thursday, before the loss announcement, as investors bet that the worst of its troubles were over.