Nissan sees record annual net loss as carmaker tries to turn around business under new CEO
Nissan has announced that it now expects a record net loss of up to €4.6 billion for the fiscal year that ended in March, around nine times larger than its previous forecast only two months ago. The Japanese carmaker says this is due to impairment charges as part of its “turnaround plan” under new CEO Ivan Espinosa. Plus, souvenir shops in Rome are seeing an influx of customers as tens of thousands of Catholic faithfuls visit the Vatican to pay tribute to Pope Francis.
#auto industry #Nissan #Japan
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8 Comments
Nissans are terrible terrible vehicles they’re made crappy and they still want a bunch of money for them. Nissan is awful by a Toyota or a Honda.
But the EU leaders wants to keep paying 3 times the cost of energy and funding Ukrain 😂
China subsidies
Bring back your Lebanese wonder manager
Every time a Japanese company gets merged or is ran by a non-Japanese, the companies ends up in trouble. As an example, Mitsubishi joint venture with Chrysler, Mazda joint venture with Ford, and Nissan ran by non-Japanese CEO. And now Toyota collaborates with BMW for its Supra which is not selling well. People don’t seem to learn.
Hmm, moving a strategically important industry to Poland and India. Poland on the border with Russia and India in a punch up with Pakistan today. Great planning, must be a real profit motive making them risk it all by relocating.
Nissan is bankrupt
As more economies strengthen and emerge the market will be a place where many businesses will share. The concept of forever economic growth is wrong and it's damaging average people. Too much greed with the blessing of governments. Let companies earn less, provide work to their people, let populations find again the purpose of life and work. Governments played dirty to their people, it's their trial.