Nissan has announced big losses

FineAuto
Nissan has announced big losses

Nissan Motor issued a report on the results over the last year. In the third fiscal quarter net loss automaker totaled 237 million dollars. It happened in connection with a reduction of the volume of sales auto sales fell by 8.1% to 3.7 million units.

In the US, this figure fell by 9.1% to 980 thousand units in Europe to 395 thousand cars; on the rest of the car – by 11.5%, to 547 thousand units.

Promising for the company is China: total production in the state fell by 10.7%, but Nissan’s sales totaled 1.09 million units – almost at last year’s level. The market share in China increased by 0.6% to 6.3%. All this due to good sales of main models including sedan cross Sylphy and X-Trail.

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As indicated in the message, the operating profit forecast at the end of the fiscal year decreased from $ 1 trillion to 592 million dollars. Expected sales of cars amounted to 5.05 million copies worldwide. This is 4% below the previous plans.

Given these forecasts, and the need to invest in future technologies to enhance the competitiveness of the Corporation, decided not to pay dividends for the last quarter.

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