GaleHawkins
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Re: Nissan corporate news

Sun May 24, 2020 7:39 pm

cwerdna wrote:
Sun May 24, 2020 7:21 pm
^^^
Indeed there's been speculation in the media that Nissan will cut 20K jobs but Nissan corporate hasn't announced that yet. We'll see.

And, there's been this:
Renault could 'disappear' without government help, French finance minister warns
https://www.autocar.co.uk/car-news/new- ... h-minister
https://www.cnn.com/2020/05/22/business ... index.html
There seem to be some speculation this Nissan 20K jobs cut was going to come mainly from Europe. I expect the France will come up with a bailout for Renault but who knows. It sounds like product lines got very dated compared to the other car makers when they locked up Carlos.

Well there sounds like other old names are at risk as well. One downside for Nissan is all of the parked rentals that NIssan sold at cost that may be on the market soon.

cwerdna
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Re: Nissan corporate news

Sun May 24, 2020 7:43 pm

GaleHawkins wrote:
Sun May 24, 2020 7:39 pm
Well there sounds like other old names are at risk as well. One downside for Nissan is all of the parked rentals that NIssan sold at cost that may be on the market soon.
Yep. Hertz (which also owns Dollar, Thrifty and Firefly) went BK.

Before they filed for BK, there was https://www.cnet.com/roadshow/news/hert ... cy-rumors/. So, yeah, if those brands have a bunch of Nissans, probably some will end up on the market. I've had a few Nissan rentals now that I think about it: '19 Altima, '18 Sentra and Versa sedan a few years back. In some cases, I had a choice of vehicles at pickup time and I intentionally chose a Nissan because I was curious.

I also wouldn't be surprised if other rental car companies reduce their fleet due to plummeting demand.

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GaleHawkins
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Re: Nissan corporate news

Mon May 25, 2020 8:52 am

cwerdna wrote:
Sun May 24, 2020 7:43 pm
GaleHawkins wrote:
Sun May 24, 2020 7:39 pm
Well there sounds like other old names are at risk as well. One downside for Nissan is all of the parked rentals that NIssan sold at cost that may be on the market soon.
Yep. Hertz (which also owns Dollar, Thrifty and Firefly) went BK.

Before they filed for BK, there was https://www.cnet.com/roadshow/news/hert ... cy-rumors/. So, yeah, if those brands have a bunch of Nissans, probably some will end up on the market. I've had a few Nissan rentals now that I think about it: '19 Altima, '18 Sentra and Versa sedan a few years back. In some cases, I had a choice of vehicles at pickup time and I intentionally chose a Nissan because I was curious.

I also wouldn't be surprised if other rental car companies reduce their fleet due to plummeting demand.
I can see how that may be the case. The brands that stay around to honor warranty claims should hold their resale value best I expect.

Where the impact of the 2020 pandemic will last 6 months or 60 months is a huge wild card. I'm reading 3-5x more will die than that will die from COVID-19 itself.

The world printing 25 trillion dollars of new cash trying to get beyond the 2020 pandemic plus the state of world peace results are just unknown today.

Free cash flow is always the bottom line for any car maker or non wealthy households.

cwerdna
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Re: Nissan corporate news

Wed May 27, 2020 7:46 am

Nissan and Renault shelve merger plans, will repair their alliance
The crisis at both carmakers has accelerated efforts to resolve their disagreements
https://www.autoblog.com/2020/05/26/nis ... -alliance/

Nissan, Renault reveal how they'll reshape alliance to cut costs, regain profit
Vehicles sharing the same platform will double by 2024
https://www.autoblog.com/2020/05/27/nis ... -alliance/

Renault-Nissan-Mitsubishi Alliance Will Go Leader-Follower Format
https://insideevs.com/news/425482/renau ... -follower/

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GaleHawkins
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Re: Nissan corporate news

Wed May 27, 2020 12:45 pm

I did see my first Kick at lunch yesterday in a drive thur at Culver's. Looks like a nice sub $20K ICE option.

GRA
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Re: Nissan corporate news

Wed May 27, 2020 6:06 pm

Yeah, they're decent, and a huge improvement in looks over the model it replaced - my personal winner of "the ugliest, stupidest-looking car of the past decade" contest, the Juke.
Guy [I have lots of experience designing/selling off-grid AE systems, some using EVs but don't own one. Local trips are by foot, bike and/or rapid transit].

The 'best' is the enemy of 'good enough'. Copper shot, not Silver bullets.

cwerdna
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Re: Nissan corporate news

Thu May 28, 2020 12:10 pm

Nissan reports massive ¥671 billion loss ($6.2 billion), plan to close Barcelona plant
https://www.japantimes.co.jp/news/2020/ ... urnaround/

Nissan To Close Indonesia, Spain Auto Plants After Losses
https://hosted.ap.org/TPGIMAGES/article ... ter-losses
TOKYO (AP) — Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the pandemic squashed global demand and disrupted production.

Yokohama-based Nissan’s chief executive, Makoto Uchida, said Thursday that its European production will be centered at its British plant in Sunderland.

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kaiat
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Re: Nissan corporate news

Fri May 29, 2020 1:26 am

The plant in Spain - isn't it where Nissan produce the e-NV200?

cwerdna
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Re: Nissan corporate news

Fri May 29, 2020 4:31 am

kaiat wrote:
Fri May 29, 2020 1:26 am
The plant in Spain - isn't it where Nissan produce the e-NV200?
Yes, the Barcelona plant per https://www.nissan-global.com/EN/COMPAN ... egion_navi. From news reports, it looks like that's the one being closed.

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cwerdna
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Re: Nissan corporate news

Fri May 29, 2020 12:24 pm

Hertz bankruptcy and a distressed rental car market means more pain for U.S. automakers
https://www.cnbc.com/2020/05/29/hertz-b ... akers.html
Detroit automakers, Nissan most impacted

Rental car sales are particularly important for the Detroit Big Three automakers and Nissan, according to a recent investor note from Credit Suisse’s Dan Levy, citing industry data from WardsAuto InfoBank, J.D. Power and others.

General Motors, Ford Motor and Fiat Chrysler collectively accounted for about 56%, or 975,000 vehicles, to rental car companies last year. Fiat Chrysler led their crosstown rivals at 21%, followed by Nissan (20%), GM (18%) and Ford (17%). South Korean automaker Hyundai Motor, including Kia Motors, and Toyota Motor each accounted for about 11% of sales to rental car companies.

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