business

Nissan trims annual net loss

10 Comments
By Shingo ITO

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© 2021 AFP

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Japan lent Nissan $1bn cash last September, $2bn last November, and another $2.1bn on March.

We are trashing our tax money into this colosal failure.

5 ( +7 / -2 )

Nissan's recovery has been slower than that of its rivals, as the firm struggled with growing sales costs and the ongoing saga surrounding its former chief Ghosn.

How much longer will they try to blame the elusive gaijin for their results? ..how exactly is his arrest & escape affecting Nissan,s financial performance in 2021?

6 ( +7 / -1 )

Ahh, it is all Ghosn fault, oh no, the pandemic, wait.. the chips shortage..

the Japanese public is so lucky Nissan has this excellent management, original looking models and great marketing.

See ! We only loose 4 billion USD.

We cut our losses because we close markets, cut staff, produce less and sell ever less cars. Clever right ?

5 ( +7 / -2 )

I just bought a Nissan. It looks great! However the motor seems a bit noisy and the frame a bit wobbly when it goes fast. But a great car!

-6 ( +1 / -7 )

I wonder how much Ashwani Gupta is in control of things.

1 ( +2 / -1 )

Japan lent Nissan $1bn cash last September, $2bn last November, and another $2.1bn on March.

We are trashing our tax money into this colosal failure.

absolutely! and the gov will never let them go under- not after the Ghosn Fiasco.

3 ( +3 / -0 )

New car sales in Japan/kei cars excluded,in brackets sale differencein % April 2020 to April 2021/

Toyota Yaris — 19 974 units(197,4%);

Toyota Roomy — 12 161 units (238,3%);

Toyota Corolla — 7976 units (119,4 %);

Toyota Raize — 7814 units (140,9%);

Toyota Alphard — 7576 units (132,0%);

Toyota Harrier — 7112 units (464,5%);

Toyota Voxy — 5593 units (129,4%);

Honda Freed — 5426 units (90%);

Suzuki Solio — 4966 units(205,8%).

As you can see there is no Nissan,no single model in TOP NINE.

I guess this may be reason why Nissan sales are dead low?

As line up not attractive,prices not attractive...?

Or will they blame covid or something else?

Nissan is going to be dead car brand in few years...

3 ( +5 / -2 )

As you can see there is no Nissan,no single model in TOP NINE.

How about in other countries? The link below shows the Nissan Qashqai as the 3rd top selling model in the UK in 2021 (I'm assuming up till April based on the article's date.).

https://www.autocar.co.uk/car-news/industry/best-selling-cars-uk

1 ( +1 / -0 )

MatejToday  11:31 am JST

As you can see there is no Nissan,no single model in TOP NINE.

Wrong. For April 2021 the Nissan Note was in 7th place with 5711 units. Why did you omit it? To try and make out Nissan is worse off than it really is?

https://car.watch.impress.co.jp/docs/news/1323545.html#:~:text=%E3%81%A8%E3%81%AA%E3%81%A3%E3%81%9F%E3%80%82-,2021%E5%B9%B44%E6%9C%88%E3%81%AE%E8%BB%8A%E5%90%8D%E5%88%A5%E6%96%B0%E8%BB%8A%E8%B2%A9%E5%A3%B2,%E4%BD%8D%E3%81%BE%E3%81%A7%E3%83%88%E3%83%A8%E3%82%BF%E3%81%AE%E7%8B%AC%E5%8D%A0%E3%80%82

Downvote this comment too because I'm not anti-Nissan.

-2 ( +0 / -2 )

Nissan's recovery has been slower than that of its rivals, as the firm struggled with growing sales costs and the ongoing saga surrounding its former chief Ghosn.

This paragraph would suggest that Nissan's problem of slow growth is, amongst other things, connected to the Ghosn saga. No, it is all thanks to Japan's so-called justice ministry.

In fact, I think that the blame for most of Japan's woes lies at Kasumgaseki.

1 ( +2 / -1 )

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