The company warns in a statement that it will face a 'worsening' economic environment, particularly in Britain and Europe.
The automaker says about 2,000 employees in China took voluntary retirement or transferred to other factories.
The result comes as Mitsubishi Motors slowly wins back customers at home after its admission in 2016 that it had overstated mileage readings on domestic models shook trust in the company.
The ongoing uncertainty surrounding the Brexit negotiations is not helpful when it comes to making long-term business decisions, Munich-based BMW said Monday in a statement.
Volkswagen AG, the world's biggest automaker, is in talks to form a joint venture with China's Didi Chuxing to manage part of the ride-hailing company's fleet of cars and help develop "purpose-built" vehicles for Didi's services.
The Geely Boyue is said to be selling like hotcakes, with waiting period of six months, in China.
Starting in May, 4R Energy Corporation, a joint venture between the Nissan and Sumitomo Corp will begin selling rebuilt replacement lithium-ion batteries for the first-generation Leaf.
Raj Nair says he 'regrets' instances where he did not exhibit leadership behaviours consistent with the company's principles.
The US automaker expects a US$850 million impairment charge and launches voluntary retirement plan
Winning Proton partnership will enable Geely, which now owns Volvo, to move into the Asean region.