cwerdna
Posts: 10803
Joined: Fri Jun 03, 2011 4:31 pm
Delivery Date: 28 Jul 2013
Location: SF Bay Area, CA

Re: Nissan corporate news

Tue Jul 28, 2020 3:32 pm

Nissan warns of record loss as pandemic hits turnaround
https://www.reuters.com/article/us-niss ... SKCN24T0YT
the virus pandemic and associated plunge in demand has taken a heavy toll on the car industry, with Nissan reporting a second straight quarter of operating losses on Tuesday.

The company forecast an operating loss of 470 billion yen ($4.5 billion) for the year to March 2021, much larger than analysts’ consensus estimate for a 262.8 billion yen loss, according to Refinitiv data. That would be the second annual loss in a row.
:shock:

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GaleHawkins
Posts: 333
Joined: Sat Oct 26, 2019 5:24 pm
Delivery Date: 15 Oct 2019
Leaf Number: 311365
Location: Murray KY

Re: Nissan corporate news

Tue Jul 28, 2020 5:31 pm

cwerdna wrote:
Tue Jul 28, 2020 3:32 pm
Nissan warns of record loss as pandemic hits turnaround
https://www.reuters.com/article/us-niss ... SKCN24T0YT
the virus pandemic and associated plunge in demand has taken a heavy toll on the car industry, with Nissan reporting a second straight quarter of operating losses on Tuesday.

The company forecast an operating loss of 470 billion yen ($4.5 billion) for the year to March 2021, much larger than analysts’ consensus estimate for a 262.8 billion yen loss, according to Refinitiv data. That would be the second annual loss in a row.
:shock:
Why the shock? Pre pandemic Carlos said they would be in bankruptcy 2022 based on insider info. I just wish they would have released the Ariya in 2017 but at the estimate price range for $40K to $55K for the 2/4 wheel drives is going to be more than a small challenge for a old player running with the temp gauge in the red at the back of the pack.

DougWantsALeaf
Posts: 1836
Joined: Fri May 10, 2013 8:21 pm
Delivery Date: 18 May 2013
Leaf Number: 407811
Location: Chicago North Side

Re: Nissan corporate news

Tue Jul 28, 2020 5:37 pm

The 40k play works in the US as they will have the 7500 tax credit plus state incentives. This makes it 27,500 in New Jersey and 30k in a few other states. Thats not too far off a new compact SUV.
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