Tokyo – Nissan expects that the total of 700 billion yen ($ 1.5 billion) ($ 5.3 billion) ($ 5.3 billion) will reduce the loss of 750 billion yen ($ 5.3 billion) from the financial year in March, as the sale decrease and its wealth is on Thursday.
Nissan Motor Corporation was already expecting red ink, but the loss of the year was less than $ 1 billion yen ($ 119 million).
It states that the cost of obstacles – which refers to the lost price of wealth – exceeded 500 billion yen ($ 3.5 billion) and came after reviewing manufacturing resources in North America, Latin America, Europe and Japan.
Annual sales have also decreased, expected 1.5 million vehicles, less than 1.5 million vehicles estimated in February.
Nissan, which produces Ultima medium -sized sedan and infinity luxury models, reports the results of the income on May 13.
Located in the Port City of Yokohama, the company is slashing its US plant and providing a bayout to factory workers there.
Some analysts believe that Nisan’s lineup is not appealing enough, which has shrunk sales in large markets like the United States and China.
Despite the pioneer at EVS with the leaf sold in the 21st, Nissan has come to the EVS competition, as well as strong rivals like Tesla in the United States and strong rivals like China’s Bid.
Nissan emphasized on his hard cash position. It is expected to finish the 2021 fiscal year with the cash of about 1.5 trillion yen ($ 10.5 billion), as well as 3.4 trillion yen ($ 24 billion) with fluid.
“Despite these challenges, our significant financial resources, a powerful product pipeline, and determination of Nissan to turn Nissan during the coming time,” said Evan Espinosa, the chief executive, Evan Espinosa.
Espinosa replaced Makoto Uchida as the head of Nisan on April 7, promising to disarm the company.
Earlier this year, Nissan ended the discussion that ended last year to integrate their business with Japanese rival Honda Motor Co. and set up a joint holding company. Automakers will continue to work together on electric vehicles and smart cars with autonomous driving.
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Yuri Kazayma is on the thread: https://www.threds.net/@yurikageyama
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