Nissan corporate news

Nissan warns of record loss as pandemic hits turnaround
https://www.reuters.com/article/us-nissan-results/nissan-warns-of-record-loss-as-pandemic-hits-turnaround-idUSKCN24T0YT

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.

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:shock:

cwerdna said:

Nissan warns of record loss as pandemic hits turnaround
https://www.reuters.com/article/us-nissan-results/nissan-warns-of-record-loss-as-pandemic-hits-turnaround-idUSKCN24T0YT

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.

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:shock:

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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.

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.

An article behind a paywall indicated Japanese government was encouraging a Nissan/Honda merger. Not sure why?

GaleHawkins said:

An article behind a paywall indicated Japanese government was encouraging a Nissan/Honda merger. Not sure why?

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Thanks! TIL.

Googling for honda nissan merger reveals numerous other stories on this not behind a paywall.

cwerdna said:

GaleHawkins said:

An article behind a paywall indicated Japanese government was encouraging a Nissan/Honda merger. Not sure why?

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Thanks! TIL.

Googling for honda nissan merger reveals numerous other stories on this not behind a paywall.

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o

Thanks. I see others picked up the FT story. I was not surprised at Honda's take on the challenges facing Nissan's past mergers and Japan's concerns about their business model.

https://www.cnet.com/roadshow/news/honda-nissan-merger-japan/ mentions

One former Nissan executive told the Financial Times the merger simply wouldn't make sense from a structural standpoint and said there'd be little to gain from such a move for either company. The person pointed to major differences in engineering, which would make it incredibly difficult to boost economies of scale by sharing parts.

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I haven't had time to think much about the first point but I agree w/the last.

In contrast, Renault, Nissan and Renault Samsung Motors share quite a bit (well, not on Leaf), just often things that weren't necessarily visible to the customer. Long ago, https://www.renaultsamsungm.com/new/main/main.jsp had many vehicles that clearly had Nissan engines (e.g. the VQ 3.5L V6). I haven't looked recently, but when I looked a few years ago, many of the interiors of cars resembled Renaults and not Nissans.

Long ago, when the 5th gen Maxima was the latest, the 4th gen was still being built in South Korea by Renault Samsung Motors and sold as their SM5 (https://web.archive.org/web/20120720054539/http://www.businessweek.com/stories/2002-10-06/renault-samsung-a-french-recipe-to-savor).

Long ago, when the 5th gen Maxima was the latest, the 4th gen was still being built in South Korea by Renault Samsung Motors and sold as their SM5

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Hyundai got to be an international automaker by building previous gen Mitsubishis as their own cars.

LeftieBiker said:

Long ago, when the 5th gen Maxima was the latest, the 4th gen was still being built in South Korea by Renault Samsung Motors and sold as their SM5

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Hyundai got to be an international automaker by building previous gen Mitsubishis as their own cars.

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And Mitsubishi turned into a wreck of a company by rebadging Hyundai garbage as Mitsubishi. What a sad tale of a mismanaged company. It is the Japanese flavor of GM.

Nissan shows off a new CFRP production innovation
New method cuts the molding time from hours to just two minutes
https://www.autoblog.com/2020/09/06/nissan-new-carbon-fiber-reinforced-plastic-cfrp-production-method/

I watched this below and it had some bits about early Nissan history that I didn't know. They didn't mention that once Ghosn saved the company that it was making record profits and had industry leading margins. I read https://www.titantalk.com/threads/nissan-ceo-the-making-of-a-superstar.21966/ when it was originally on detnews.com: "Nissan has eliminated its debt, and its operating margin last year was 10 percent -- the highest among full-line carmakers, exceeded only by Porsche."
https://www.youtube.com/watch?v=W7ooWr05wnw

Also, they asserted that the Ariya was Nissan's 1st new electric vehicle in a decade, which isn't quite right likely because CNBC and the above are rather US-centric. They missed at least the e-nV200 electric van and the Sylphy BEV (https://www.mynissanleaf.com/viewtopic.php?t=26081).

https://www.theguardian.com/busine...market-instability-and-financial-disruption

Nissan has stated in the recent pass a no deal brexit could impact Leaf production in England and may lead to them being shipped from Japan since Japan has a tax deal with the EC already in place.

Remember when Nissan was riding high and Tesla was "circling the drain"?

Nubo said:

Remember when Nissan was riding high and Tesla was "circling the drain"?

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Tesla was a start up that was still in the drain to say nothing about circling it.

Nissan may have been riding high at 35 years ago but became morally bankrupt along the way and now is facing financial bankruptcy per Carlos. If they mess around and lose Europe it is going to be sad.

https://www.bbc.com/news/uk-england-tyne-55272689

Nissan will reduce its presence in Europe as part of turnaround plan
The automaker is shifting its focus to China, the United States, and Japan
https://www.autoblog.com/2021/01/03/nissan-reduce-presence-europe/

Nissan signals interest in 'Apple Car' following Hyundai exit
https://appleinsider.com/articles/21/02/09/nissan-signals-interest-in-apple-car-following-hyundai-exit

The Most and Least Liked Car Brands
Rankings based on Consumer Reports' owner satisfaction survey
https://www.consumerreports.org/car-reliability-owner-satisfaction/most-and-least-liked-car-brands/

The above is a big ouch for Nissan.

cwerdna said:

Nissan signals interest in 'Apple Car' following Hyundai exit
https://appleinsider.com/articles/21/02/09/nissan-signals-interest-in-apple-car-following-hyundai-exit

The Most and Least Liked Car Brands
Rankings based on Consumer Reports' owner satisfaction survey
https://www.consumerreports.org/car-reliability-owner-satisfaction/most-and-least-liked-car-brands/

The above is a big ouch for Nissan.

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That's sad after owning 7 over the past 48 years. Some made it to 200K miles and the Leaf is the nicest of the pack. Dealerships in my region killed off the Leaf interest over the past 5 years. Never mastering the EV battery technology is costing the future of the brand outside of Japan it appears. How they could miss the EV revolution is mind boggling.

At least Leaf didn't end up in the least satisfying column of https://www.consumerreports.org/car-reliability-owner-satisfaction/most-satisfying-cars-on-the-market-car-owner-satisfaction/. Bolt's crappy seats were mentioned.

cwerdna said:

At least Leaf didn't end up in the least satisfying column of https://www.consumerreports.org/car-reliability-owner-satisfaction/most-satisfying-cars-on-the-market-car-owner-satisfaction/. Bolt's crappy seats were mentioned.

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0ur 2016 Leaf SL going from a range of 60 miles to 150 miles with the 40 kWh battery makes its very exciting vehicle and last night I told my son come March I want to get back to rebuilding it. If I was 50 instead of 70 my need for FSD like Tesla has in beta in 2021 wouldn't be such a need in my case.

Breathing gas fumes when gasing up the old Escalade gags me now.

Nissan bets big on UK with EV battery plant and new crossover
https://www.reuters.com/business/retail-consumer/nissan-bets-big-uk-with-ev-battery-plant-new-crossover-2021-07-01/

Summary

Nissan to build new EV crossover in UK
Partner Envision to build 9GWh battery plant
Plant will make batteries for 100,000 vehicles a year
Johnson hails vote of confidence in post-Brexit UK

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cwerdna said:

Nissan bets big on UK with EV battery plant and new crossover
https://www.reuters.com/business/retail-consumer/nissan-bets-big-uk-with-ev-battery-plant-new-crossover-2021-07-01/

Summary

Nissan to build new EV crossover in UK
Partner Envision to build 9GWh battery plant
Plant will make batteries for 100,000 vehicles a year
Johnson hails vote of confidence in post-Brexit UK

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https://www.theguardian.com/business/2021/jul/01/nissan-sets-out-plans-for-1bn-electric-car-hub-in-sunderland

This source sets 2024 as start date of Envision EV battery production and the name of the new Nissan EV has not been stated yet. Weirdly they mentioned the Tesla Nevada EV battery factory for some reason in this article.