Nissan has 12 to 14 Months to Survive

[Mr Meeseeks]

Looking like hard times ahead at Nissan.

 

9000 lay-offs this year, production down 20%, and a $60.1 million operating loss.

 

As there are several Nissan plants in Thailand, and with a massive slump in domestic demand, this has serious implications for Thailand!

 

https://www.motorauthority.com/news/1145156_insider-says-nissan-has-12-14-months-to-survive

[JBChiangRai]

In March this year, their credit rating was slashed to "junk" by S&P.  The writing has been on the wall a long time.

Edited 10 hours ago by JBChiangRai
add S&P

[KhunLA]

Suzuki might not be far behind ...

 

[Denim]

21 minutes ago, KhunLA said:

Suzuki might not be far behind ...

 

 

 

Can you recommend a good horse and trap dealer ?

[BritManToo]

6 minutes ago, Denim said:

Can you recommend a good horse and trap dealer ?

Power assisted mountain bike, completely reliable, parts all cheap and easy to fit yourself. No need to rely on any one manufacturer.

 

Fuel costs ZERO, you can charge from your solar panels, no tax or insurance required.

 

Very green, smallest carbon footprint of any motor vehicle.

Edited 10 hours ago by BritManToo

[Denim]

4 minutes ago, BritManToo said:

Power assisted mountain bike

 

In this heat , with wife on back ?  Pass.

 

I should have clarified. Horse and trap with minimum 2 seats , roof and air con. My bad.

[KhunLA]

31 minutes ago, Denim said:

 

 

Can you recommend a good horse and trap dealer ?

 

 

Edited 9 hours ago by KhunLA

[Denim]

2 hours ago, KhunLA said:

 

 

 

The first one looks perfect. Without looking at the specs I can see only 1 horsepower so very economical. Plus I can get free fodder and later sell the poo. Win win.

[Lancelot01]

1 hour ago, Denim said:

 

The first one looks perfect. Without looking at the specs I can see only 1 horsepower so very economical. Plus I can get free fodder and later sell the poo. Win win.

A good year for the roses?

[newnative]

     Product line is lousy, limited, and most of the models are very dated.  No model to compete in the very popular CR-V suv size.  Kicks is too small, Terra is way too big.   Their one good model, the X-Trail, isn't sold here.   If they fold they won't be missed--lots of Chinese models arriving so plenty of better choices.  

[AndreasHG]

Japanese automakers have so far avoided consolidation.

There are 7 different manufacturers (Toyota-Daihatsu, Honda, Nissan, Mitsubishi Motors, Mazda, Suzuki, Subaru) plus Isuzu (which is primarily a truck company).

Some companies are related: Toyota is the main shareholder of Subaru (20.95% of the shares), the sole shareholder of Daihatsu, and a minority shareholder (about 5%) of Mazda, Suzuki and Isuzu (the latter also participated by Mitsubishi Motors with 8.5% of the shares).

Faced with growing international competition (Koreans in the first 20 years of this century, Chinese now) it is very unlikely that a consolidation into two or three national champions can be postponed for much longer.

 

[vinny41]

Nissan sells portion of Mitsubishi Motors’ shares

November 7, 2024

 

YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced sale of up to 149,028,300 shares (approximately 10.02% of Mitsubishi Motors Corporation (MMC) the total number of issued shares (excluding treasury shares)) reducing its current 34.07% stake (506,620,577 shares) in MMC.

https://global.nissannews.com/en/releases/241107-03-e

After recent share sale Nissan still own 24% of Mitsubishi Motors