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.

[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.

[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 ?

 

 

[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...

[Kinnock]

Looking to replace our Nissan X-Trail 4WD, which has been excellent.... but very few options on the Thai market. 

 

We drive quite long distances for work and do regular visit to farms - so a 4X4 SUV is needed.

 

Subaru Forrester is a possibility, but Subaru have stopped production in Thailand, they've not not brought their new model to Thailand and they were not even at the current Bangkok Motorshow, so I think they'll withdraw from Thailand soon.

 

Honda CR-V - high cost and looks delicate (and low) for farm visits, Fortuna - poor ride quality, Mu-X - very truck-like ride and interior, Pajero Sport - based on the older model truck, new one must be due soon, Everest - comparatively expensive, feels huge, looks like fridge, Nissan Terra - great value, smooth ride, nice interior .... but concerned about Nissan's future.

 

So that leaves the Chinese ... and the GWM Tank 300 looks impressive and I was impressed with it on a short 'motorshow car park' drive .... but it's an untested brand and a complex hybrid system may not go well with Thai farm mud.  Also, with so many Chinese brands entering Thailand, will they all stay long term?

 

We're down to a short-list of two:

 

Tank 300 and hope it's reliable and tough enough (my choice)

 

Nissan Terra - and hope Nissan can restructure and survive in some form (her choice)

 

Leaning towards the Terra, as a diesel with a proper auto box, and based on a truck, should be tough, and it's the smoothest riding of the truck-based SUV's.... and Nissan offered a great PX deal.

 

Analysis paralysis is setting in, but I feel the whole auto market is about to go through a dramatic change.

[AndreasHG]

3 hours ago, bkk_mike said:

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.                       

 

Japan is very different from the UK.

 

Japan is the world's second largest exporter of vehicles (the first in dollar terms) and the Japanese industry is still highly competitive. The UK ranked low both in terms of manufactured volume and in terms of export.

 

When the consolidation of the British automotive industry was accomplished, the UK had not yet joined the European Economic Community (it did so only in 1973) and had a sketchy access to the European market, which limited both its capability to implement the most advanced automotive technologies developed overseas and to penetrate effectively the nearest, largest and most lucrative market.

 

By 1968 when the consolidation was fully accomplished, the UK automotive market was shared between four manufacturers, three of which were foreign owned and had massive economies of scale, with their cars manufactured, almost identical, on both side of the British channel (Ford, General Motors/Vauxhall and Chrysler, the last two now part of Stellantis).
The British Leyland MC, given its insularity, low volume, fragmented and outdated product lineup stood no chance.

Japanese owned automakers, on the other end, still command an almost complete control of their domestic market, and a high market share in all major international markets.

 

[fulhamster]

Nissan have already started to close dealerships.

The main one at Jomtien, and also Laem Chabang are now BYD dealers.

 

The main company to gain is B-Quik who have picked up a load of servicing

[marin]

18 hours ago, Kinnock said:

Looking to replace our Nissan X-Trail 4WD, which has been excellent.... but very few options on the Thai market. 

We have had the same car and love it, hybrid as well. Yesterday the wife spotted a new red plate Hyundai Santa Fe 4WD hybrid. A little research shows they seem to have two models here a 1.69 and a 1.89 million version, We are going to have a look this week.