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Nissan shares tumble to ten-and-a-half year low after earnings rout; Renault also suffers

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Nissan shares tumble to ten-and-a-half year low after earnings rout

TOKYO - Shares of Nissan Motor Co sank to their lowest in more than a decade on Friday, after deep cuts to the troubled Japanese automaker’s earnings forecast and dividend raised questions about its future profitability.

Nissan on Thursday posted its first quarterly net loss in almost ten years and warned that full-year operating profit would be its weakest in 11 years. It also slashed its full-year dividend outlook to the lowest since 2011. Nissan shares closed down 9.6% at 513.7 yen in Tokyo on Friday, the lowest since mid-2009 and the biggest one-day fall since 2013.

 

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ElectroCar Nothing to do with Ghosn. It’s their lack of RV vision and strategy that’s killing them.

这就是成也Carlos Ghosn，败也Carlos Ghosn，管理层、尤其是老板的人品很重要。但Nissan 本身也是积习难改

😣 The hubris of just one man...

Gee I wonder what happened

It’s all Gretas fault

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