Saturday, November 30, 2024

"Nissan Slashing US Production By 17% As It Fights For Survival"

From Carscoops, November 27:

  • The brand recently announced that roughly 6% of its US workforce will accept early retirement offers by the end of the year
  • Due to slowing sales and struggling finances, Nissan may only survive for 12-14 months if it can’t find a new anchor investor.
  • Nissan recently revealed it is selling more than 149 million Mitsubishi shares.

The Frontier and Rogue account for roughly 30% of the brand’s US sales.

Nissan is cutting production in the US through to the end of March 2025 in a move that will impact the output of the popular Frontier and Rogue....
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....In August, Honda, Mitsubishi, and Nissan announced they would work together to build electric vehicles and software. While this tie-up has been positioned as a partnership, former Nissan and Renault boss Carlos Ghosn has suggested it could be a disguised takeover of Mitsubishi and Nissan by Honda.

....MUCH MORE