Tokyo – Nissan expects to accumulate a loss for a total of 700 billion yen ($ 4.9 billion) to 750 billion yen ($ 5.3 billion) for the fiscal year to March due to the decrease in sales and the losing value of its assets, the Japanese Japanese car manufacturer said Thursday.
Nissan Motor Corp. already waited red ink, but the projected loss for the year was previously less than 80 billion yen ($ 561 million).
He said that the cost of impediments, which refers to the lost value of assets, exceeded 500 billion yen ($ 3.5 billion) and occurred after a review of production assets in North America, Latin America, Europe and Japan.
Annual sales have also decreased, with an expected 3.35 million vehicles, less than the 3.4 million vehicles projected in February.
Nissan, which manufactures the medium upper sedan and Infiniti luxury models, reports the results of the profits on May 13.
The company, based in the Port City of Yokohama, has been Give production in their US plants and offering purchases to factor workers there.
Some analysts believe that Nissan’s alignment is not attractive enough, which makes sales reduce in the main markets such as the United States and China.
Despite being a pioneer in the EVs with The Leaf, which went on sale in 2010, Nissan has been left behind the Evs competition, as well as hybrids, to powerful rivals such as Tesla in the United States and BYD of China.
Nissan emphasized his solid cash position. He hopes to finish fiscal year 2024 with net cash of almost 1.5 billion yen ($ 10.5 billion), as well as 3.4 billion yen ($ 24 billion) in liquidity.
“Despite these challenges, we have significant financial resources, a solid product channeling and the determination to reveal Nissan again in the next period.” Executive Director Ivan Espinosa He said in a statement.
Espinosa, which replaced Makoto Uchida As Chief of Nissan on April 1, he has promised to make the company Nimbler.
Earl this year, Nissan finished the conversations he had with the Japanese rival Honda Motor Co. S Ince last year to integrate your business and establish a joint holder company. Automobile manufacturers will continue working together in electric vehicles and smart cars, including Autonomous driving.
___
Yuri Kageyama is in threads: https://www.threads.net/@yurikageyama
