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  #1  
Old 02-18-2020, 06:00 AM
Ascariss's Avatar
Ascariss Ascariss is offline
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Default Nissan Reports First Quarterly Loss Since 2009 as U.S. Sales Slump

https://www.nasdaq.com/articles/niss...ump-2020-02-17

Quote:
Japanese automaker Nissan Motor (OTC: NSANY) posted a net loss of 26.1 billion yen ($239 million) and a 78% decline in operating profit in the quarter that ended on Dec. 31, as its new CEO outlined a plan to return to growth in the crucial U.S. market.

Nissan also cut its guidance for the fiscal year that will end on March 31.

The loss was Nissan's first quarterly net loss since the April-to-June quarter of 2009, when the auto industry was reeling in the midst of the global economic crisis.
rest of the story in the link.

Not good.
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Old 02-19-2020, 10:32 PM
Crash Crash is offline
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Carlos said that he thinks Nissan will be bankrupt in a couple of years. At first I thought this was vengeance talking - but he may well be right.

I see that they're focused on new products (great!) but also cost cutting...to me this smacks of reducing quality / cutting corners...Nissan products can withstand this. Their QC is already highly suspect...
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Old 02-20-2020, 03:24 PM
boston boston is offline
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Quote:
Originally Posted by Crash View Post
Carlos said that he thinks Nissan will be bankrupt in a couple of years. At first I thought this was vengeance talking - but he may well be right.

I see that they're focused on new products (great!) but also cost cutting...to me this smacks of reducing quality / cutting corners...Nissan products can't withstand this. Their QC is already highly suspect...
Fixed that for you.

Nissan is one brand I avoid 100%. Only time I have driven a Nissan recently was from the rental counter.
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