Nissan Warns Market That It Will Lose A Lot Of Money This Fiscal Year

Nissan can’t catch a break. Instead of the new decade heralding sunnier skies and calmer seas for a financially compromised Nissan, the first quarter of the year (and counting) brought nothing but grief.

Declining sales and shuttered plants spurred by the coronavirus pandemic further destabilized the automaker’s balance sheet. It was the kind of out-of-the-blue event both beancounters and executives feared, occurring just as the automaker was preparing (hoping?) to exit its present crisis with the help of a new CEO and a new plan.

MDarringer - 4/28/2020 1:34:53 PM

+2 Boost

Wow Nissan is so prescient. How could anyone have seen this?

PUGPROUD - 4/28/2020 3:03:18 PM

+1 Boost

No surprise here, was sinking well before pandemic.

Tiberius1701A - 4/28/2020 3:49:25 PM

0 Boost

In other news...water is wet.

MDarringer - 4/28/2020 3:50:35 PM

-1 Boost

This is the ugliness that Nissan has planned: https://www.motor1.com/news/414888/nissan-ariya-production-version-leak/

Tarzan91303 - 4/28/2020 6:33:22 PM

+2 Boost

If Nissan has any ace up their sleeve this is the time to pull it out. Otherwise I suspect they will have to ax half of their car models and plants. Kill the Titan, Maxima, Armada, Leaf, and Rogue Sport because they are slow sellers.

MDarringer - 4/28/2020 7:37:44 PM

-2 Boost

Well the Ariya sure as hell ain't it and with the 400Z aiming for the market failure known as the Supra rather than the mainstream hero Mustang, Nissan is clueless.

They need to rethink and rename some of their crossovers.

A Nissan Patrol in the vein of the Bronco Sport would be pay dirt.

Morongo (think about it) and Rebel are dumb names.