Nissan Motor Co Ltd said on Tuesday it had hit 'rock bottom' with a 45...
DETROIT/TOKYO - Nissan Motor Co Ltd said on Tuesday it had hit “rock bottom” with a 45% drop in annual operating profit. The automaker’s troubles in the United States, including a failure to deliver on a slew of promises to dealers, are a major reason why.
He acknowledged Nissan had failed to honor its promises and aimed to bring its fleet sales down to 15% to 17% of total sales by around 2022 - from a high of around 40% in the first quarter. Bulk sales to rental-car fleets undermine resale values and hurt retail consumers at trade-in time, dealers said.Nissan dealers complain the Japanese automaker has provided few specifics of a turnaround plan, and has not delivered on its past promises.
Jose Valls, Nissan’s recently appointed head of North America, told Reuters the automaker will refresh most of its lineup over the next three years. He is reaching out to dealers to persuade them that this time, Nissan really plans to change. At the high end, Nissan and others like Ford Motor Co “still rely heavily on manipulating the deal” with discounts, said Brad Korner, Cox’s general manager for automotive rates and incentives.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Nissan set for weakest profit in 11 years as Ghosn woes, bleak sales weighNissan Motor Co forecast a 28% plunge in its annual operating profit, putting it...
Baca lebih lajut »
Nissan flags weakest profit in 11 years as Ghosn woes weighNissan Motor Co forecast a 28% drop in its annual operating profit, setting it u...
Baca lebih lajut »
GM’s self-driving car unit pulls in $1 billion in race to launch ride-hailing serviceGeneral Motors Co.’s self-driving car unit drew $1.15 billion in fresh investment, with T. Rowe Price Associates Inc. joining existing backers that include Honda Motor Co. and SoftBank Vision Fund.
Baca lebih lajut »
Motor racing: Dominant Hamilton back on top with victory in SpainLewis Hamilton roared back to the top of the Formula One world championship with...
Baca lebih lajut »
Ferrari has an 'open invitation' to join electric motor racing, Formula E chief saysThe Italian luxury car brand is set to unleash its debut range of hybrid supercar models by the end of 2019, prompting speculation that it might decide to showcase its electric technology on the race track.
Baca lebih lajut »
Motor racing - Disappointed Ferrari 'not in the fight'Ferrari had hoped to step up and take the fight to dominant Mercedes at the Span...
Baca lebih lajut »
Video shows man on motor scooter dragging woman during robberyA woman was dragged behind the scooter as she fought to hold on to her purse during a robbery. Police are searching for the driver.
Baca lebih lajut »
Motor racing - Bottas on pole in Spain for third race in a rowFormula One leader Valtteri Bottas put Mercedes on pole position for the Spanish...
Baca lebih lajut »
Motor racing: Bottas on pole in Spain for third race in a rowFormula One leader Valtteri Bottas put his Mercedes on pole position by a massiv...
Baca lebih lajut »
Motor racing: Hamilton hails history in the making after another one-twoFormula One world champion Lewis Hamilton hailed history in the making in Spain ...
Baca lebih lajut »
Motor racing: Hamilton fastest in final Spanish GP practiceFive-times world champion Lewis Hamilton lapped fastest for Mercedes in final pr...
Baca lebih lajut »