How Nissan lost her equality

Written by Mayung Kim

SENSAVER (Reuters) – People familiar with the car industry said. Automobile Industry (Reuters) – People familiar with the car industry said.

The couple was in its path to create the fourth largest car manufacturer in the world with an annual production of about 7 million cars, behind the Toyota Motto, the German Volkswagen, and the South Korea Hyundai Motor and Kia, according to sales data for 2024.

Another person said that Nissan retreated after Honda suggested that it make its faltering counterpart a subsidiary.

Nissan suffered a decline in sales of bruising in the United States and China – two of its largest markets – and last year he responded with a transformation plan that includes discounts in jobs and reduce capabilities.

She tightened the liquidity falling profit, restricting the electrical efforts needed to enter the competition from BYD and other Chinese competitors who raised the global car market with cheap electric cars.

Nissan was burning instead of generating money since the fiscal year that ended in March 2024 due to heavy capital and profit spending. It also has about 1 trillion yen (6.58 billion dollars) of bonds that ripen in the next two years, or about 43 % of its pending bonds.

Nissan was difficult than others by turning EV after he completely recovered from years of crisis ignited by the removal and the arrest of former President Carlos Gosen in 2018.

The market value is now five times smaller than Honda, which is about 7.6 trillion yen. A decade ago, the couple deserved about 4.6 trillion yen.

The price of Nissan has decreased by nearly 30 % over the past 12 months. Last year, less than 400 yen decreased – with a French Price Renault partner assessing the shares to increase his share in the Japanese auto industry company in 2002.

The price was recovered in December after Nissan and Honda announced the tie talks and was 443 yen on Monday.

($ 1 = 151.9900 yen)

(Participated in the Mongol Kim reports; edited by Christopher Kushing)