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.