TOKYO, July 25, 2024 (BSS/AFP) - Nissan shares plunged more than 10 percent on Thursday after the Japanese automaker issued a profit warning, with CEO Makoto Uchida calling first quarter results "very challenging".

The Japanese company now predicts net profit for 2024-25 of 300 billion yen ($2 billion), down from 380 billion yen previously forecast. Net profit in the first quarter plunged 73 percent year-on-year to 28.6 billion yen.