Jae C. Hong / AP
Nissan showroom in Tokyo: The car maker is struggling with a profit slump, weak sales and a leadership chaos
The weakening Japanese carmaker Nissan Show stock market chart According to circles, the sale of its parts trading division wants to flush fresh money into the cash register. The subsidiary Nissan Trading Corporation, which mainly distributes spare parts and materials such as steel, should be given for a valuation of about one billion US dollars, including debt to a new owner, the news agency Bloomberg reported Wednesday, citing informed persons.
Among other things, the group addressed financial investors and trading companies. In the past financial year, the parts business had achieved a turnover of 676 billion yen (5.7 billion euros).
Nissan is currently struggling with a profit slump, weak sales and a leadership chaos. In the first quarter, the number two in Japan after Toyota Show stock market chart almost no profit: From January to March, the operating profit plunged by almost 99 percent to the equivalent of 13.3 million euros. All in all, profits fell by 95 percent. Sales fell by 12.7 percent. To improve the financial situation again, Nissan wants 12,500 of the nearly 140,000 jobs deleted,
The car maker was in a serious crisis after the arrest of former head of the board Carlos Ghosn in November 2018. Ghosn are accused of violations of Japanese stock exchange law. He is said to have enriched himself at the expense of the company by at least five million dollars, denies the allegations. Also created and controlled by him Franco-Japanese coalition between Renault, Nissan and Mitsubishi wobble.
The new CEO, Hiroto Saikawa, is also back again. Saikawa had come under criticism after he and other executives were said to have received inappropriately high payments from their group. According to a report by the Japanese news agency Jiji Press, Saikawa had approved the payments and promised to repay money not properly received.
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