TOKYO (AP) — Japanese automaker Nissan reported deeper losses for the latest quarter through December compared to a year earlier, as restructuring costs cut into its profitability.
Nissan Motor Corp., based in the port city of Yokohama, said Thursday it posted a 28.3 billion yen ($185 million) loss for the October-December quarter, about twice the 14 billion yen loss it recorded a year earlier.
Quarterly sales slipped 6% to nearly 3 trillion yen ($19.6 billion) from 3.2 trillion yen the year before.
“Unfortunately, when you do restructuring, there are costs that are incurred,” Chief Executive Ivan Espinosa told reporters. “In a way, it is expected.”
He said Nissan was on the right track but acknowledged headwinds from President Donald Trump’s tariffs and other pressures on sales.
Nissan, which makes the Leaf electric car and Infiniti luxury models, is hoping to achieve an operating profit by the end of fiscal 2026. It expects an operating loss for the current fiscal year and is projecting a 650 billion yen ($4.2 billion) net loss for the year through March.
A Mexican with two decades of experience at Nissan, Espinosa has been trying to steer a turnaround at the money-losing automaker since he took the job last year.
Nissan has slashed jobs and sold its headquarters building. It is closing its flagship factory in Oppama, Japan, as part of its global production restructuring efforts.
Some analysts say the popularity of electric vehicles is subsiding, and that might hurt automakers like Nissan, which has been bullish on EVs.
Espinosa said Nissan needs to do more to win over consumers to EVs, including new kinds of batteries, but was optimistic about the new Leaf model.
Nissan stocks, which have slipped over the past year, gained 0.5% on Thursday.
Nissan has a partnership with French automaker Renault and smaller domestic automaker Mitsubishi Motors Corp.
Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama
FILE - This is the Nissan logo on the grill of a 2025 Nissan Murano Platinum SUV on display at the Pittsburgh International Auto Show in Pittsburgh, Feb. 14, 2025. (AP Photo/Gene J. Puskar, File)
NEW YORK (AP) — Aaron Judge turned to the Bleacher Creatures during their first-inning Roll Call at the New York Yankees' home opener Friday, bent a knee and flexed with both arms in honor of Brett Gardner.
“Still hoping he gets a chance to come back here and share his knowledge with the boys a little bit,” Judge said after his go-ahead, two-run homer in the first inning started the Yankees to an 8-2 win over the Miami Marlins. “He was a big part of this team, his long tenure here as a Yankee, so I always like paying him a little credit. He's tuned into the game and watching.”
Gardner spent his entire big league career with the Yankees from 2008-21, and Judge made his major league debut with New York in 2016. Judge started flexing for Roll Call when playing center field, Gardner's old position. Judge roomed with Gardner in 2017.
“He was a leader. He was a professional. He was a prankster. He was everything that you look for in a guy to lead the team,” Judge said, speaking slowly and choosing his words carefully. “He took me in at a young age when I first got here and he treated me just like everybody else and showed me respect. He taught me a lot of things. It kind of teaches you how to lead a clubhouse. He had a big influence on me not only on the field but inside this clubhouse, just the way he played the game and the way he held everybody to a standard. Very few guys are made like Brett Gardner.”
Gardner has been in the Yankees' thoughts even more since March 2024, when his youngest son died at age 14 during a family vacation in Costa Rica. Authorities determined carbon monoxide poisoning was the cause of death.
Judge, the team captain, wanted the Yankees to arrive in style after opening 5-1 on their West Coast trip.
“That's Cap, again, setting the tone,” said Ben Rice, who homered and drove in three runs. “Sent us a text late last night saying: `Hey, suits tomorrow.' So everybody was fired up and we were happy to continue that momentum out on the field.”
Trent Grisham reached leading off with the first of 11 walks by Marlins pitchers and Judge drove a slider into the left-field seats against Eury Pérez for a 2-1 lead.
Judge, who had three RBIs, hit a record 20 first-inning home runs last year, when he finished with 53. Three of Judge’s five hits this season have been home runs.
Coming off his third AL MVP award and first batting title, Judge is off to a slow start with a .185 average.
He gave his teammates a scare in the second inning when he was hit below the right wrist by a 98.9 mph fastball from Pérez, one pitch after Grisham's bases-loaded walk.
“I’ve broken my wrist like that, so that’s always the main concern,” Judge said.
Judge missed 45 games after he was hit by a pitch from Kansas City’s Jakob Junis on July 26, 2018.
“Felt like he was probably OK but I tend to jump up a little quicker when it’s to him," Yankees manager Aaron Boone said.
AP MLB: https://apnews.com/mlb
New York Yankees' Aaron Judge (99) hits a two-run home run during the first inning of the Yankees' home-opener baseball game against the Miami Marlins, Friday, April 3, 2026, in New York. (AP Photo/Yuki Iwamura)
New York Yankees right fielder Aaron Judge (99) walks back to dugout during the fifth inning of a home-opener baseball game against the Miami Marlins, Friday, April 3, 2026, in New York. (AP Photo/Yuki Iwamura)
New York Yankees' Aaron Judge (99) successfully steals second base during the eighth inning of a home-opener baseball game against the Miami Marlins, Friday, April 3, 2026, in New York. (AP Photo/Yuki Iwamura)
New York Yankees outfielders Cody Bellinger (35), Trent Grisham (12) and Aaron Judge (99) embrace each other after wining a home-opener baseball game against the Miami Marlins, Friday, April 3, 2026, in New York. (AP Photo/Yuki Iwamura)
New York Yankees' Aaron Judge (99) celebrates after hitting a two-run home run during the first inning of the Yankees' home-opener baseball game against the Miami Marlins, Friday, April 3, 2026, in New York. (AP Photo/Yuki Iwamura)
