Nissan is on the Brink of Collapse. Things aren't looking good at Nissan from our perspective either. Executives said the company has "12 to 14 months to survive." Dealers are selling cars at a loss, production has slowed, and more recently, the company cut thousands of jobs and sold a third of its stake in Mitsubishi. But it all may have been too little too late. Nissan cut more than 9,000 jobs earlier this month, while simultaneously slashing production by nearly 20%. Nissan's operating profit dropped 85% in Q3. On November 7th, the company posted a plunge of over 90 percent in consolidated operating profit for the six months ending in September, compared with the same period last year, due mainly to its sluggish vehicle sales in North America. Nissan is on the brink of collapse from all views. The company only has the next 12 to 14 months if significant changes are not made immediately. Nissan has experienced declining sales in key markets like the U.S. and Japan, increased competition in China, and an 85% drop in third-quarter profits. This has led to substantial job cuts and production reductions as part of a large-scale restructuring effort to save $3 billion. Thanks for watching! ➡️ Looking for more car review? https://youtube.com/@car-smarts ➡️ Buy me a cup of coffee: https://www.buymeacoffee.com/laurenfix ➡️ Listen to the Total Car Score Podcast: https://www.revolverpodcasts.com/shows/total-car-score/ ➡️ Social media: X: https://twitter.com/laurenfix FB: https://www.facebook.com/Lauren.Fix.The.Car.Coach IG: https://www.instagram.com/laurenfix/ Gettr: https://gettr.com/user/laurenfix Rumble: https://rumble.com/c/c-625957 Gab: https://gab.com/LaurenFix Truth: https://truthsocial.com/@laurenfix Substack: https://carcoachreports.substack.com/ ➡️ Check out our website for ALL automotive news and the FREE NEWSLETTER: https://www.CarCoachReports.com ➡️ Get the Book: Lauren Fix's Guide to Loving Your Car: https://amzn.to/3ifDi3j SUPPORT INDEPENDENT CREATORS The Fix Family has taken generations of passion, pride, & automotive expertise to create unique auto products & books that will keep you, your family, & your cars safer and running better for years to come. Music License: Epidemic Sound ©Automotive Aspects, Inc., 2024. All Rights Reserved.

• published: 06 Dec 2024
• views: 36782