TOKYO — It has only been a few months since the carmakers that form the Renault-Nissan-Mitsubishi alliance announced some of the most dire annual results in their history — but anyone who thought that marked the end of their trials has been roundly disabused of the notion. Renault announced Thursday that it posted a record… Continue reading Twin storms batter struggling Nissan-Renault-Mitsubishi alliance
Tag: Nissan
Visteon Announces Second-Quarter 2020 Results
Net sales of $371 million; 48% reduction Y/Y excluding currencyIndustry production down 45% Y/Y; Visteon customers down 53% Y/YVisteon sales outperformed customer production by five percentage points$1.7 billion in new business and 21 new product launches YTDCash of $759 million; no significant near-term debt maturitiesVAN BUREN TOWNSHIP, Mich., July 30, 2020 (GLOBE NEWSWIRE) — Visteon… Continue reading Visteon Announces Second-Quarter 2020 Results
UK car production slumps to lowest level since 1954
The number of cars built in the UK over the past six months has slumped to the lowest since 1954, according to the industry’s trade body. A total of 381,357 cars were made the six months to June, down 42% on the period last year, said the Society of Motor Manufacturers and Traders (SMMT). The… Continue reading UK car production slumps to lowest level since 1954
New Renault chief pledges turnround as carmaker suffers record loss
De Meo to outline plan in January to revive French group hit by pandemic and hobbled by Nissan alliance Go to Source
@Mitsubishi: MITSUBISHI MOTORS Announces Production, Sales and Export Figures for June 2020 and First Half of Calendar Year 2020
TOKYO, July 30, 2020 – (JCN Newswire) – June 2020 Summary Domestic Production– Second consecutive monthly year-on-year decrease since April 2020; 45.4% year-on-year Overseas Production– Eighth consecutive monthly year-on-year decrease since October 2019; 45.4% year-on-year Total Production– Ninth consecutive monthly year-on-year decrease since September 2019; 45.4% year-on-year Domestic Sales– Eighth consecutive monthly year-on-year decrease since… Continue reading @Mitsubishi: MITSUBISHI MOTORS Announces Production, Sales and Export Figures for June 2020 and First Half of Calendar Year 2020
Renault handed ‘wake-up call’ with record 7 billion euro loss
PARIS (Reuters) – French carmaker Renault (RENA.PA) said it had been given a wake-up call on Thursday with a record net loss of 7.29 billion euros ($8.6 billion) in the first half of the year, inflicted by the COVID-19 crisis and troubles at its alliance partner Nissan (7201.T). FILE PHOTO: A Renault car is seen… Continue reading Renault handed ‘wake-up call’ with record 7 billion euro loss
Renault slumps to record 7.3 billion euro net loss in first half
FILE PHOTO: A Renault car is seen in a show room at a Renault carmaker dealer, amid the coronavirus disease (COVID-19) outbreak in Sint-Pieters-Leeuw, Belgium May 29, 2020. REUTERS/Yves Herman PARIS (Reuters) – French carmaker Renault (RENA.PA) posted a record net loss of 7.292 billion euros in the first half of this year, dragged down… Continue reading Renault slumps to record 7.3 billion euro net loss in first half
Nissan expects second straight year of red ink amid outbreak
Yuri Kageyama, AP Business Writer Published 9:18 p.m. ET July 28, 2020 Tokyo – Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker’s sales crashed amid the coronavirus pandemic and it struggled to recover from the loss of its former star executive Carlos Ghosn. Nissan Motor Co. racked up… Continue reading Nissan expects second straight year of red ink amid outbreak
Coronavirus: Nissan shares fall 10% after record loss warning
Nissan’s shares have plunged by 10% in Tokyo trading after warning that it would see a record annual loss. Japan’s second largest carmaker said it expects a $4.5bn (£3.5bn) operating loss this year as the coronavirus hinders its turnaround efforts. The worse-than-expected forecast came as the company predicted its sales will be the lowest in… Continue reading Coronavirus: Nissan shares fall 10% after record loss warning
@niche: NISSAN’S SLOW ROLL TO OBLIVION.
By Peter M. DeLorenzo Detroit. Look at the photo below carefully. Study it. Let it sink in. It’s the Nissan Motor Co., Ltd. corporate brain trust in Yokohama on Tuesday declaring an annual operating loss for the second straight year. It’s also a picture of abject mediocrity in its purest form. How bad is it for… Continue reading @niche: NISSAN’S SLOW ROLL TO OBLIVION.