cwerdna
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Re: Nissan corporate news

Thu Oct 24, 2019 12:44 am

At Tokyo auto show, visions for cars of the future, no Ghosn
https://finance.yahoo.com/news/scandal- ... 44290.html

Exclusive: Datsun brand set to go as Nissan rolls back Ghosn's expansionist strategy - sources
https://finance.yahoo.com/news/exclusiv ... 02905.html

Beyond repair? New Nissan CEO has bigger problems than Ghosn
Lagging in innovation and shaken by executive cull, Japanese automaker struggles to reinvent itself
https://asia.nikkei.com/Spotlight/Cover ... than-Ghosn

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cwerdna
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Re: Nissan corporate news

Fri Oct 25, 2019 7:56 pm

Renault looks for new partners, third quarter revenue falls
https://finance.yahoo.com/news/renault- ... 49658.html - is Nissan related since Renault owns a controlling stake and Nissan is one of the partners cited in the article

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cwerdna
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Re: Nissan corporate news

Tue Nov 12, 2019 8:04 am

Nissan cuts profit forecast after 70% quarterly plunge
https://finance.yahoo.com/news/nissan-r ... 58813.html
Reuters November 12, 2019
...
YOKOHAMA (Reuters) - Nissan Motor Co reported a 70% drop in quarterly profit on Tuesday and cut its full-year forecast to an 11-year low, hit by a strong yen and falling sales, and highlighting the turmoil at the Japanese automaker after the ouster of Carlos Ghosn...

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cwerdna
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Re: Nissan corporate news

Wed Nov 13, 2019 12:45 pm

Nissan cuts outlook after worst Q2 in 15 years
https://finance.yahoo.com/video/nissan- ... 27863.html

Nissan Delivers Blow to Renault, Warns Dividend Is Undecided
https://finance.yahoo.com/news/nissan-d ... 32106.html
The French automaker stands to lose the most because it owns 43% of Nissan. The Yokohama-based manufacturer is conserving cash as it embarks on 12,500 job cuts globally, and cost reductions aren’t happening soon enough to blunt the impact of weaker demand, higher raw materials costs and unfavorable currency trends.
...
Nissan will contribute 233 million euros ($257 million) to Renault’s third-quarter earnings, lower than the 384 million-euro contribution a year ago, the French carmaker said in a statement Tuesday. Renault received 784 million euros in dividends from Nissan for 2018, the company has reported.
I still wonder if Ghosn weren't ousted, would Nissan be in (apparently) as bad shape as it is now? After all, he did a hell of a job in saving Nissan from near death in 1999 and turning it into a company making record profits + having margins (IIRC) supposedly 2nd only to Porsche.

With him being ousted, the Renault-Nissan alliance seemingly in turmoil and a lot of execs from the Ghosn era being pushed out + CEO changes... it all seems like a big distraction for Nissan and Renault management instead of being able to focus on products, the future and competitors.

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palmermd
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Re: Nissan corporate news

Wed Dec 04, 2019 2:08 pm

https://electrek.co/2019/12/04/nissan-s ... like-leaf/

Looks like a strategy shift away from the Leaf is coming.
Michael

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Driving electric since 1996


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Re: Nissan corporate news

Wed Dec 04, 2019 2:23 pm

palmermd wrote:
Wed Dec 04, 2019 2:08 pm
https://electrek.co/2019/12/04/nissan-s ... like-leaf/

Looks like a strategy shift away from the Leaf is coming.
I wonder what made them do that? :lol:

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