Nissan triples profit forecast despite chip crunch

Nissan tripled its full-year net profit forecast on Tuesday as it rebounded from the impact of the pandemic with a strong quarterly performance, saying it expected to withstand challenges including the chip crunch and rising raw material prices.

According to the statements of PM Kishida that strong earnings would see a great distribution of wealth throughout society, we should be seeing the Nissan full timers, the part-time staffers, the teachers who teach corporate classes and the staff at nearby convenience stores all receiving from this glorious bounty?

Waiting in 3..2...1...

If China wasn't manipulating the world economy, the world would be better off. The west, Latin America and Japan need to bring back those factories and Middle class jobs. Stop the Chinese dependence.!

Trickle down....Kishida, you going to turn on the faucet? Next report should be about base up salaries and big bonuses right?

I have zero faith or trust in Nissan, they just lie.

Most dishonest car company in the world.

Probably the most overrated mediocre car brand.

So the first yearly profit forecast was off by 300%. That's extremely poor forecasting and make me wonder just how accurate this forecast is.

Most dishonest car company in the world.

sorry but that title belongs to Tesla and VW

They managed that why ? Because they Railroaded the guy that brought them back from Bankruptcy

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

Japan lent Nissan…

Profit won and already profit gone (Ghosn) lol, if they now have to pay back the helping money.

Well yeah Nissan, so triple profits from a year ago... Going from rock bottom and then tripling profits doesn't mean you're a success. Triple them again next year and the year after that, then you'll probably be back to back when Ghosn was at the helm, before all this nonsense began.

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

So really it's just another zombie company being funded by the state in the hope things will improve in the future.

@bokuda

Don't worry. Nissan's got sufficient cash on hand, so it isn't a zombie at all.

@Sindhoor

Don't worry. Nissan's got sufficient cash on hand, so it isn't a zombie at all.

How do you explain the state aids?

Great Job, NISSAN under new management.!

Nissan - the shame of Japan.