tyb
needs a ginger hairdo
Nissan to slash global production by 15%
TOKYO – Nissan Motor will cut global production by about 15% for the fiscal year ending March 2020, Nikkei has learned, as the Japanese automaker shifts away from the aggressive expansion campaign promoted by former Chairman Carlos Ghosn.
The company aims to produce about 4.6 million units in fiscal 2019 – the lowest figure in nine years – according to plans being communicated to its suppliers. The move is expected to affect earnings, and could cast a pall over its alliance with French automaker Renault.
Under Ghosn, Nissan stretched itself thin in order to meet aggressive sales targets. Now it is seeking a different path forward, with President and CEO Hiroto Saikawa announcing last February a new strategy focused on profitability over sales volume. He pledged to overhaul the company's production and sales structures.
Nissan appears to have sustained sales and output declines in fiscal 2018 after almost a decade of growth, due to a sluggish performance in the U.S. The figures are expected to fall further this fiscal year, even as many of Nissan's rivals anticipate growth or at least in line with 2018, making Nissan's drop stand out.
The planned production cut would be the steepest since fiscal 2008, when output fell 16% in response to the global financial crisis. By region, the automaker plans to keep production in Japan largely flat at over 900,000 units, while slashing it overseas by 20% to about 3.7 million vehicles.
A significant hit to earnings could complicate Nissan's push to restructure its alliance with Renault. Currently, the French automaker owns 43% of Nissan, while Nissan has a non-voting 15% stake in Renault, despite accounting for nearly half of its partner's group net profit.
In North America, Nissan will scale back corporate sales operations that prop up unit sales but are less profitable. It will also reduce its sales incentive funds distributed to retail dealerships to finance discounts.
https://asia.nikkei.com/Business/Nissan-s-Ghosn-crisis/Nissan-to-slash-global-production-by-15
Employs many american's so not everyone else's problem.
Nissan North America Production Plants
Canton
Decherd
Smyrna
https://nissannews.com/en-US/nissan/usa/channels/Plant-Fact-Sheets/releases/d8f8250f-55c6-4d46-8950-626fd16bed51
they also have done a poor job of hedging fuel costs too. Most american carriers do this so they do not get caught out by rising fuel costs.
The recent accident's and "issue's" notwithstanding
there is also a huge AT&T switching station within a few block's of standard hotel FWIW
Not this time anon.
alway's did to me anon. The saudi's pushing out $12b in bonds sort of told the tale didn't it?
Occupy wall street was co-opted after the first few week's. You don't think they would have allowed that to habben for as long as it did would you?
It was nothing moar than an exercise in seeing anger at what they got away with. And then the system got it's mileage out of it,grew tired of it, and removed the problem.