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Nissan, the old nugget of the Alliance, in full turmoil

2020-04-28T17:32:42.668Z

The Renault partner, weakened before the epidemic, saw its sales plunge in March in China and the United States.



Nissan's strategic plan to be unveiled next month will certainly be accompanied by further restructuring. The Japanese manufacturer, in which Renault holds 43% of the capital, anticipates a net loss of between 733 and 819 million euros for the 2019-2020 financial year, completed at the end of March. He also expects an operational loss over the same period. An unfortunate reversal for the one who largely contributed to the profits of its main shareholder. Last year, the Japanese manufacturer considered mediocre its performance with a net profit down 57% over one year, to 2.5 billion euros!

Nissan is also indirectly affected by the difficulties of Mitsubishi, the third member of the Alliance in which it owns 34% of the capital. The latter forecasts a net loss of 224 million euros for its 2019-2020 financial year ended at the end of March.

The Covid-19 laminated the main markets of Nissan, China and the United States. In China first, the manufacturer recorded

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Source: lefigaro

All business articles on 2020-04-28

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