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 Thursday at 02:12 AM 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 Thursday at 02:45 AM 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 Thursday at 03:10 AM 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

[cowellandrew]

19 hours ago, BritManToo said:

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.

Over 250 watt band in the UK!

 

https://www.gmp.police.uk/news/greater-manchester/news/news/2024/september/more-than-100-bikes-seized-in-100-days-of-operation-dealing-with-anti-social-behaviour-on-motorbikes/

[scubascuba3]

Chinese EVs are getting blamed for this all over the world

[KhunLA]

3 hours ago, scubascuba3 said:

Chinese EVs are getting blamed for this all over the world

That's what happens when you can't compete, with value for price.  Legacy auto makers keep putting out overpriced crap, and people are tired of it.  Now that some are waking up and realize they have options, well ... nuff said.

 

Same with the auto invasion from JP decades ago.  People stopped believing the BS, and realized they were better.  Now it's CN's turn, and people are not believing the BS any more.

 

People want the best product for the best price.  That's coming from China now.

[newnative]

33 minutes ago, KhunLA said:

That's what happens when you can't compete, with value for price.  Legacy auto makers keep putting out overpriced crap, and people are tired of it.  Now that some are waking up and realize they have options, well ... nuff said.

 

Same with the auto invasion from JP decades ago.  People stopped believing the BS, and realized they were better.  Now it's CN's turn, and people are not believing the BS any more.

 

People want the best product for the best price.  That's coming from China now.

    Nailed it.  Build a better mousetrap and the world will beat a path to your door.   China's simply doing that--and US, Korea, Japan, and Europe car makers better get on the stick.  

[scubascuba3]

6 hours ago, KhunLA said:

That's what happens when you can't compete, with value for price.  Legacy auto makers keep putting out overpriced crap, and people are tired of it.  Now that some are waking up and realize they have options, well ... nuff said.

 

Same with the auto invasion from JP decades ago.  People stopped believing the BS, and realized they were better.  Now it's CN's turn, and people are not believing the BS any more.

 

People want the best product for the best price.  That's coming from China now.

Western countries keep talking about high wage economies, all the time China mops up all the industries with low wages

[KhunLA]

14 minutes ago, scubascuba3 said:

Western countries keep talking about high wage economies, all the time China mops up all the industries with low wages

That's just part of it, as CN just puts out a better product.  Even the legacy auto maker have CN build their cars for them, in some sort of partnership.  Which are waning, as Chinese don't like losing money, and JP badged vehicles simply aren't selling and those lines are being shut down at a few factories.

 

I think CN builds a good part of their vehicles on robotic production lines.  Employee salaries aren't that important.   

[JBChiangRai]

Here's another article on Nissan's woes.  I suspect they won't exist inside 2 years

 

'Real reason' for Nissan collapse revealed as finance chief steps down

 

 

[newnative]

        Spouse and I were at the Bangkok Auto Show yesterday.  Large crowds.  The most popular booths seemed to be the Chinese ones, with a number of new models.  Geely attracted a lot of interest, as did BYD.  We had to wait in line to sit in one of the new Sealion 6 and 7's on display.   Some really impressive new Chinese models with great styling, technology, features, and very reasonable prices. 

       Meanwhile, nothing new of note from the Japanese makers--although I may have missed something as we were concentrating on the new Chinese makers and models.  New color for the HR-V--I did note that.   Don't think that's going to hack it these days.

[bkk_mike]

On 11/28/2024 at 7:10 PM, AndreasHG said:

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.

 

Why do you think Consolidation is a good idea?

Consolidation didn't exactly work for the UK car industry once it started it's decline.                       

[bkk_mike]

6 hours ago, JBChiangRai said:

Here's another article on Nissan's woes.  I suspect they won't exist inside 2 years

 

'Real reason' for Nissan collapse revealed as finance chief steps down

 

 

The Daily Mail.

A newspaper that has printed so much misinformation over the years that it has quite literally been singled out for a complete ban from being used as a reference by wikipedia.

I think the final straw was when they published a story from a big trial saying someone was found guilty, with quotes from people after the verdict - except that the actual trial result was not guilty, so not only was the article completely wrong, but it meant the quotes couldn't be anything except made up...

Probably not the best place to get a reliable article from...

Edited 2 hours ago by bkk_mike