This is the era of the nightmare for the automakers, and another name came on the list of annual lost, Nissan. Nissan Motor Co Ltd, Japans third largest automaker will post their annual operating loss instead of a before calculating their profit. The company’s source said that this is caused by the down sales of the product and a high price of the yen. The shares of Nissan are also down as 4.9 percent in early morning trade, which Nissan spokeswoman Masako Aoyama refused to comment on the report.

Tatsuya Mizuno, analyst at Fitch Ratings said “The yen is climbing, the U.S. economy is worsening at an unprecedented pitch, and structural changes in the car industry mean the pie will grow smaller and smaller for some time,” and also added that “I would not be surprised to see Nissan fall into the red.”

The auto industry downturn has made Nissan’s vehicle to drop 31 percent in the United State last month. It is also forcing the company to maintain a four-day work week until further notice for its two U.S. auto assembly plants. In last October, Nissan more than halved its operating profit forecast for the year to March 31 to 270 billion yen from 550 billion yen.

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