Nissan sets out survival plan after first loss in 11 years

[MULTIZ321]

Nissan sets out survival plan after first loss in 11 years.

Nissan plans to slash costs after first loss in 11 years

Nissan Motor Co outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years.

www.reuters.com

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Richard

 

[pedro47]

Thanks, this is not good news for the automobiles industries. Let's pray this does not start the domino effect with Ford, General Motors, Toyota and Chrysler.

 

[Ralph Sir Edward]

Apparently the Japanese management forgot the ancient Chinese adage - "be careful what you wish for, you might get it."

They got rid of the foreign manager that had turned them around, and now look where they are. . .

 

[Ironwood]

Here's a quick overview of the state of health of auto companies these days!

https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjtvaCFiNfpAhVokuAKHWhNDFsQFjAAegQIAxAB&url=https%3A%2F%2Fwww.hotcars.com%2Fthese-car-companies-are-now-in-big-trouble%2F&usg=AOvVaw1ns2LAEjbk7UGI_fkvJaWh&cshid=1590686319409274