Japanese automaker Nissan has shown signs of struggle lately this year. It recently reported that it expects to post a record net loss of between £3.69 billion and £3.95 billion ($4.91 billion to $5.26 billion) for the financial year ending in March,

Nissan Motor sees a record net loss of 700 billion yen to 750 billion yen ($4.91 billion-$5.26 billion) for the financial year that ended in March, it said on Thursday, due to impairment charges as the struggling automaker restructures.

Nissan projects a $5B loss for the fiscal year, driven by sales declines, restructuring, and impairments, while focusing on recovery.