Nissan Set for Weakest Profit in 11 Years as Ghosn Woes, Bleak Sales Weigh

Nissan Set for Weakest Profit in 11 Years as Ghosn Woes, Bleak Sales Weigh
Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, on Oct. 1, 2018. Regis Duvignau/File Photo/Reuters
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YOKOHAMA—Nissan Motor Co. forecast a 28% plunge in its annual operating profit, putting it on course for the weakest earnings in 11 years and underscoring its struggle to turn the page after former Chairman Carlos Ghosn was ousted.

The lackluster outlook from Japan’s No.2 automaker—hit by Ghosn’s arrest last year and troubles at its North American business—is likely to add to the pressure on CEO Hiroto Saikawa as he tries to overhaul corporate governance and put Nissan on a more equal footing with alliance partner Renault.