Tag: Nidec

Nidec posts unexpected quarterly loss, hit by restructuring costs

 stock analyst  04/23/2024  0 Comments on Nidec posts unexpected quarterly loss, hit by restructuring costs

TOKYO (Reuters) -Japanese electric motor maker Nidec on Tuesday posted an operating loss for the January to March quarter, hit by the costs of restructuring steps taken to deal with fierce price competition in China's electric vehicle market.