Nissan logs 221.92 bil yen net loss in April-Sept. on poor sales, tariffs
Ideas
Ever since the Carlos Ghosn situation, Nissan has been in some kind of crisis each year and hasn't been able to show any kind of momentum since the Ghosn era.
Not going to say Ghosn contributed to the downfall of Nissan other than the fact that Nissan grew a lot during the Ghosn era, and sometimes companies can actually grow too fast.
Its been one crisis after another and they just can't seem to get it together in Japan or globally for a long time.
As the article suggests they tried to make a deal with Honda to help itself, but it seemed Honda might have only want to actually take over Nissan completely with Nissan of course rejected.
Most likely, as with some or many Japanese companies, they wait until the last minute to make any changes needed and or admit there are any problems with the company.
To be a little more positive here, Nissan might have been doing everything correctly except maybe innovating its stock of cars that customers might have wanted to needed in the future.
Unfortunately, Toyota and Honda might have gotten the best of them and just had better cars over the last few years.
At the same time, at least in China, Chinese car makers are going all out with a new line of EV cars which some Japanese car makers have been a little behind in developing.
Yes, maybe Nissan, unfortunately needs to do some streamlining as maybe 17 factories might be too little now, especially if global demand for their cars are declining too much.
Of course don't like the idea of cutting too many jobs are these are real people with real families that are going to be affected a lot.
Hopefully Nissan is going to give their displaced workers a generous package to help them with the loss of a job and or maybe even allow them to move to other factors if jobs can be accommodated in the other factories.
The Nissan headquarters in Yokohama is a huge building and its very central or even connected to the Yokohama eki, or station, with a nice outside walking platform between the two places.
The Nissan building even has a Starbucks on the first floor, or did, as I would often go there to do my blog writing on some days. And as Nissan and Renault are sister companies, there were a lot of French workers at the Nissan world headquarters visiting Starbucks too.
All company CEO's always say the right things to keep their shareholders happy, and yes, maybe they are on track to reduce the workforce to help with profitability.
And yes, maybe they are on track to see an increase in the second half of 2025 or even 2026 they will see an increase in sales and even profitability.
Nissan maybe needs a new lineup of models and for sure both Toyota and Honda are bringing out new models and maybe some of the new models will be EV type cars and even hybrid type cars too.
It's interesting that maybe Nissan is not going to close any factories in Japan and only in other countries, or so it seems.
The problem these days, with most large companies is they have to be accountable for each quarter and not each year as it was back in the day.
So they have to plan from quarter to quarter and can never look long-term like companies used used to back in the day for many years, when companies could plan for years ahead but those days seem long gone, as shareholders, even in Japan want immediate results now.
As it has been suggested, Honda actually wanted more control of Nissan that maybe Nissan was willing to give them as Honda was in a better position financially as Nissan has been struggling in recent years.
While the initial deal or agreement might have fallen through that doesn't mean that negotiations are not on going as it seems all eight Japanese car companies have some kind of agreement with other Japanese cars companies on all kind of projects.
Its seems, and maybe Japanese car companies might be more cooperative with other car companies than maybe US cars companies that sometimes try to take a winner take all mindset while Japanese cars companies and maybe many European cars companies too see the need to cooperate whenever needed as each car company might have different skills sets and different technologies that can an benefit each car company and they see each other simply as competitors but sometimes partners too.
Have a nice day!
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