Nissan fire 10,000; Executive Warns “We have 12 months to Survive”

[@electricviking]

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[@jorgekumagai2672]

Nissan is at least addmiting this shocking reality, but other Japanese automakers are still in denial. 😀

[@japfourme381]

They’re actually part owned by Renault!! Well its a partnership deal, Renault helped them survive in the past, so it’s a bit of a joint venture!!

[@abimaelcaraballo3779]

I'm not surprised about Nissan spying on their own employees. I started to dislike Nissan when I read the story of Uzi Nissan ( not related to Nissan the car company).It's like a story between David vs. Goliath.

[@zuriel028]

Toyota still has a large share of the market. But given the Nokia's experience since the iPhone appeared, sometimes crashes will happen in a flash.

[@francismarion6400]

Toyota pulled back from the climate hysteria earlier than most.

[@francismarion6400]

​@zuriel028 Social engineering is doing it's job. Pray for Trump.

[@stephenwilliams26]

Old Nissan's we're great but the CVT transmission's are the biggest problem.

[@rh9626]

Let me guess, your source is either random internet comments from 15 years ago or a car you drove 15 years ago?

[@pisstinpete4700]

If not the trans then your nissan will have a cracked head even after you treated it with utmost care

[@paanjang16]

Nissan is having its Kodak moment. It was one of the pioneers of BEV with the Leaf. Now it got overtaken by other BEV manufacturers

[@Dazza-u4c]

Bought my 2006 TD42TI coil cab ute new. ZERO issues with it. They made the best 4x4’s back then. Oh and the 2018 work Navara, ZERO issues with that either.

[@juliahello6673]

VW also said they have 1-2 years to survive. It’s strange that these CEOs are publicly admitting this.

[@aoeuuaoaou]

They are attempting an internal rally, this public statement is actually aimed at employees. When you have this many employees internal comms effectively become public

[@haderlumpi]

Government, give us money! That’s why.

[@sonnylatchstring]

A stock market listed company is legally obliged to inform its shareholders.

[@tigading2177]

There is only so long before their shares, stocks, dividends remind these CEOs of reality, and that no amount of US propaganda is gonna safe them!

[@michalk.8285]

"Volkswagen AG annual net income for 2023 was $17.331B, a 10.64% increase. Volkswagen AG annual net income for 2022 was $15.664B, a 10.8% decline from 2021. Volkswagen AG annual net income for 2021 was $17.561B, a 84.46% increase from 2020" how are they 1-2 years to survive with 17,8331B net profit for LY ? :D thats just BS

[@garyhooper2728]

I used to work for Nissan in the UK (NETC) its a similar situation as at the end of the 90's before Renault bought into the company

[@Paul-fj2mm]

Simple, since 2003 NISSAN customers are pissed off because of their low mileage CVT transmissions issues and costly to replace after expired warranty...

[@raesmart3305]

I have two since 2009 and had no issues

[@tigading2177]

Nissan should do what US is doing, re-label their cars as "freedom cars" and sell them in US, that would work better. Anything with "freedom" badge will automatically sell like hotcakes in the USA.

[@philsimpson3556]

I have a Nisssn CVT and it’s wonderful. No issues at all but I do treat it with respect which I guess a lot don’t as it’s very easy to use the accelerator as an ON/OFF switch and burn it from traffic lights. I see so much of this that no wonder some fail.

[@hendrx]

Problem with bailouts is they don't solve their underlying issue

[@tigading2177]

But in the USUK led western regimes and corporations, they truly believe "if you believe the lie, then it is no longer a lie". Pure genius strategy. China will never come close.

[@jptrainor]

I rented a Nissan Rogue recently. The engine started knocking a bit going uphill. Then more at idle. Then the knocking became constant at all engine loads and speeds. When I limped it back to the busy rental lot at the LAX airport to replace it, the lot attendants laughed out loud, literally, because *yet another* Nissan had limped back broken. It was quite literally a big joke to them because they see so many of them come back broken.

[@MikesProjectsandHobbiesMC]

Same here, honestly the worst CVT transmission I’ve ever experienced.

[@dbr2355]

@@MikesProjectsandHobbiesMC STUPID 3 CYLINDER TURO VARIABLE DISPLACEMENT ENGINE. WHO ASKS FOR THIS PILE OF CRAP. BUILT TO BREAK.

[@ryanwschneeberger]

I had a 2016 Juke and I got more out of the warranty plan than I paid for it. That included replacing the transmission. Trading it in for a Tesla Model Y was a good decision.

[@jptrainor]

@@dbr2355 I can assure you that I would never buy one, after my experience, and neither would any of the rental lot attendants at LAX.

[@unclefatbloke687]

Sounds like the rental manager should be fired! If his staff are THAT far that they laugh at the constant returns - then he isn't doing HIS job, ie. freezing/cancelling this model/manufacturer from the line-up!

[@blackhawkteslatech]

i still have my old nissan altima and served my family well w minor issues. Now we moved to Tesla. Sad to see an icon go down but we have seen Kodak, Blockbuster and many others go down as well

[@BokiXI]

I have a 2021 Volvo XC60 plugin with a million quality issuea, squeeks etc. Changing it to mod Y when the lease expires in Aprik next year.

[@cedriccottage2070]

Mate, you are doing an excellent job in bringing and summing up all the important news. Thank you so much and while not any weird religeous bloke myself, praying for your Mrs!

[@jcfallows]

Serves them right for setting up Carlos Ghosn's downfall.

[@leonardoatx3]

Exactly what I was about to say

[@chrisashton9218]

I think Carlos did that to himself

[@fffuu4444]

Same thinking.

[@adrianakis]

​@@chrisashton9218 did what?

[@林振华-t4v]

​​@@chrisashton9218no, he is not spot less. But by the performace. Nissan is getting pretty big bang for thir buck

[@morepork559]

IN 1995 I bought a Nissan truck which was good for 18 years, but I was always really an admirer of Datsun. RIP, Datsun. Nobody has made those kinds of vehicles for decades now.

[@Brent-z2s]

I had a 96 and I got 20 years out of it. My dad had a Datsun and he said he thought the ship sank with it on its way because it ran so bad.

[@gregvogt7294]

I agree. I had a 1972 Datsun which would not die

[@jamesvandamme7786]

@@gregvogt7294 I had a 72 Datsun (came with the wife) which was a total piece of クソ. I had to tear it apart and put in new piston rings, and it rusted apart in no time.

[@eng3d]

datsun is alive in some markets

[@keithmartin1328]

I've owned 3 Nissan cars. A 1994 Micra, 1997 Almera and a 2000 Primera. Great cars back in the day.

[@cavavision5547]

Sam. Your channel is becoming a car industry financial report, more than a technology prone one. That's fine with me because now, more than ever before, is economics leading the changes and transformation of the car industry all over the world, so we're on the verge of witnessing if the "forced electrification" of mobility is good for economy as a whole, or ends with more unemployment and lower birth rates than ever before. Now there's a scary thought. Keep on the fine work!

[@changryu8128]

your english writing needs to be improved. the 2nd sentence is way too long. that should be broken into at least 3 sentences.

[@mikedx2706]

You know Honda is in serious trouble when they have to partner with GM to build the new Honda EV's on GM's EV platform.

[@hugolafhugolaf]

Which makes it piece of crap. Smaller than the CRV for more money and EV woes? NO THANKS.

[@jdmguy44]

Honda are no longer partnered with GM.

[@BadjonoKinan]

Yeah bro that had me scratching my head as well.

[@jmbickham]

They did the same thing back in the day with their first SUV… rebadged Isuzu Rodeo back in the late 90’s - early 00’s.

[@mjg1544]

@@jdmguy44 . It’s still an existing model for 2025 which means the partnership is still existing. Am I missing something? Their new line of EV’s are slated for 2027 I believe.

[@cgee3999]

I think all the manufacturers are looking at one other and thinking who will go first🙄

[@SuhandiWijaya]

Funny that Nisan in Indonesian means Tombstone 🪦

[@Jonas-gl9ke]

Batu nisan not Nissan

[@SuhandiWijaya]

@Jonas-gl9ke read again. I wrote Nisan not Nissan as you wrote. We Indonesians understand when people say Nisan it's tombstone, batu means stone/rock.

[@Jonas-gl9ke]

@@SuhandiWijaya I realize they’re spelled differently - that’s the reason I replied. If they’re not spelled the same, the funny part is that Nisan in Indonesian and Nissan are homonyms?

[@SuhandiWijaya]

@@Jonas-gl9ke Yup Nisan and Nissan are pronounced exactly the same in Indonesian.

[@dannylo5875]

It is also a month in the Jewish Calendar and in the beginning it. Means, "first fruits". But now that I see. It's the first fruits that have been spoiled...rotten, and buried.

[@oscar-bc8dy]

Had a superstar CEO who was first with EVs. Well we all know what happened.

[@suscom99]

I have just bought a X-Trail e4orce and it is a fantastic car, well built. A period of change is coming with many changes!

[@ladygracienyc2029]

Buying Nissan also means you buy the liability of warranties on their cars on the road today. No thanks

[@johngoodman9380]

Highly paid, unqualified CEO's. Think of your customers and make good decisions. "CVT" transmissions don't cut it.

[@viktorb6530]

Nissan is toast 🥵

[@hmrmdf]

Nissan use to make great cars in the 90s great drivers cars and affordable for average person. Just look at prices for used R32 R33 and R34 skyline gtr or even 200sx are now asking crazy money. Bring back fun fast cars at affordable prices and watch people line up.

[@Martin-ib5bj]

I’m owning Nissan Arya I’m loving this car

[@Pauline-k2c]

Japan's govt debt is primarily in Japanese Yen. Govt debt in their own currency is no barrier to them propping up any industry in Japan if they wanted.

[@jasonwong4623]

Thanks

[@3lmanana]

I feel like you're very happy seeing traditional car manufacturers going out of business...

[@OmarHudson]

I actually like Nissan. I would buy an Nissan over a American brand ANYDAY!

[@ahowl7mx]

These CEOs of auto companies better take a salary of $1 and accept stock options like Elon Musk.

[@madboyreadynow28]

I own 2 Nissans. Both run very well and never had any serious issues. I have a 2021 Murano that has been leaning from the day I got it. Nissan refuses to repair it, although it's visible. My horn doesn't work, and they won't fix it. So I said I'll wait for the new Murano, and it's so unappealing. Looks good inside, but outside is a downgrade in appearance and appeal. Now I hope to get a great deal on the Armada. I really like the new Armada

[@jwilkinson341]

I have a 2020 Leaf love it, It is $3 for 200 miles

[@HoopsKevinski.]

Still Chademo? Max 50kw "fast" charge? At least needed upgrades there to stay in game. As hot/hatch fan, Mini, Peugeot etc doubled to 100kw, just not for US rrrgh.

[@ouethojlkjn]

The problem with the leaf is it hasn’t moved on. Still no battery management still Chademo connectors and the price is just ridiculous here in the UK compared to alternatives.

[@HoopsKevinski.]

@ouethojlkjn I just saw a BUNCH of new 2024s on Autotrader for $11.5k (S) & $12k (SV) in Colorado (prolly from tax on Mary Jane users there). Proves how we could easily fix homelessness if we cared about it like publicly funded sport stadiums that *vast* majority don't use. (At least homeless vets who Americans pretend hardcore to care about.)

[@majesticjester1]

Things always go to shit when you make more than you can sell lol

[@MCPicoli]

Nissan Kicks (and other Nissan models) routinely are in the list of top sellers here in Brazil, with local production.

[@txoojvamproductions6898]

It may be worth buying out the Nissan GT-R model. The GT-R is an iconic sports car renowned for its advanced technology and high performance. It has a dedicated global fan base and represents Nissan's engineering excellence in the sports car segment.

[@seegee7728]

And how many people can afford one of those? Then the rest of their range is dull as a wet sock, terrible cvt, ugly cars (duke).

[@wescam2958]

Japanese carmakers are losing massively in market share to Chinese automakers in all foreign markets. Nissan is not saveable in any market but its home market and the U.S.

[@ouethojlkjn]

Toyota is in exactly the same position. And they have their own problems with recalls swarf in engines, gearbox blowing up, et cetera.

[@michaelbedard7859]

Dead man walking. Three years ago you said these things nailed it to the last period.

[@Rainbowhawk1993]

I live near a Nissan dealership and it is filled with unsold Leafs.

[@aoeuuaoaou]

It’s so sad they got out ahead of the curve on BEVs, sat down, and went to sleep for coming on 15 years now.

[@zoransarin5411]

@@aoeuuaoaousimilar to Toyota. They brought out the Prius 25 years ago in 1999 to coincide with the Kyoto Protocol. Great car. Ahead of the curve. A transition vehicle from ICE to BEV. But rather than continuing to innovate, Toyota have simply made every car in their fleet a hybrid. There has been next to zero move to transition to full EV. 25 years later and they are barely at 1.5% EV. That is glacially slow innovation.

[@林振华-t4v]

I think it worth to pick one up if price is right. It is relative simple car. And the after market part start picking up.

[@aoeuuaoaou]

@@zoransarin5411 Toyota has stellar mechanical engineering, but they operate at relatively slow pace and suck at software UX. Their native culture isn't a good match for the BEV market right now, and rather than trying to adapt they are turtling in denial. :/

[@grahamkearnon6682]

​@aoeuuaoaou toyota in 2024 set themselves up for disaster when they killed off the v8 and, v6. This introduction of a 4 banger mated to a turbo will destroy any reliability reputation once held. No brand has had good history with this configuration, you need to go back to the 1980's turbo diesels of MB for success.

[@mikedx2706]

Nissan has managed to go broke, without being Woke. Quite an achievement for them. The Ghost of Ghosn gets revenge.

[@aoeuuaoaou]

Not waking up [in time] is about to be the #1 cause of automaker death

[@kng128]

What is it about being "woke" (whatever that means)? Do people suddenly stop paying attention to their budgets and financial situation?

[@zoransarin5411]

@@kng128google woke. Being woke is actually a good thing. Those on the political right hate the fact that they are not woke by their actions and personalities, so they have turned it into a derogatory term. But it is quite the opposite.

[@bens6674]

@@zoransarin5411 Everything woke turns to shit.

[@catherinegrimes2308]

It looks like there is no chance for Jaguar.

[@oasis042]

SO my hypothesis is that Jaguar were actually in the same position as Nissan - so the Indian owners came up with a plan - short the stock and then tank the stock with a DEI campaign being as ridiculous as possible for maximum impact. Much better than declaring bankruptcy due to mismanagement. Much more profitable for the owners who shorted the Jaguar stock. In fact, I would not be surprised if within the next few months we see Nissan come out with a Jaguar - esk style campaign. ;) shorting stock is very profitable.

[@mrradman2986]

I was also wondering about a big short behind it. Anyone who had knowledge of the Jaguar rebrand could have seen what would happen.

[@oasis042]

@@mrradman2986 I just can't imagine a company doing it intentionally unless there was a huge financial gain for the owners through a short position. It just doesn't make any sense. They know it won't work. The only ones who think it will work are the idiots they hired to run the campaign lol

[@dannylo5875]

Mmm. Money laundering or an illegal backroom share. Sec should look into Jaguar...

[@oasis042]

@@dannylo5875 I would venture to suggest that over the last five years a number of very large short positions have been taken out against Jaguar

[@mrhypo78]

It was all over when they started using Renault components and CVT transmissions. Such a shame, they have made some of my fav cars.

[@undisclosedthai]

No, they don't rebadge BYD. For Nissan, the partner in joint-venture is Dongfeng. For Honda, the partners in joint-ventures are GAC and Dongfeng.

[@LeMe-kv9jd]

Kodak moments 😢😢

[@rogerfroud300]

Their luke warm, half hearted efforts at EVs doomed it. It's a shame, because I've had their cars, and they've been amazing.

[@onastick2411]

Any money wasted EV,s just makes the problem worse.

[@scoria1755]

When I was a kid, news programs would have relevant videos. I never would have imagined that news programs in the future would consist of irrelevant rapidly cycled videos inserted automatically by a computer program.

[@matahari1576]

I drive a Nissan Note Diesel since 10/years. What a great easy car. I love it. In Germany it has to be registered as Mini Van, which drives the insurance premium up, and we might have one of the most expensive car insurance systems in the world. Just another scheme to exploit people. But the car itself is just great. After 10 years and regular maintanance it still looks like new, and consumes an average of 4,5 Liters on 100 Km.

[@pelias3396]

Thanks for the video. One thing to add, Japan's debt is owned >90% by Japanese rich families. In other words, Japanese own Japan, just not their government ;).

[@JohnFontenot1]

Japan has by far the highest national debt and an even higher debt to GDP growth ratio. Also, Toyota has the highest corporate debt on the planet and an even worse debt to asset ratio.

[@geoffreystair1582]

I agree, junk CVT transmissions, I liked early Nissan's, owned a few of them

[@kwamijones4786]

Great fleet cars… I own about 20 Nissan. Low maintenance, reliable, issues are predictable and not difficult to solve with the right technician.

[@RussellFineArt]

Nissan REALLY needs to merge with: Mazda, Subaru, Mitsubishi and Isuzu, ASAP, and focus on a limited lineup of cars: small hatchback, small sedan, mid-sized sedan, small SUV, large SUV and small truck, under 1 brand and work like hell to eliminate waste. Japan should really only have 3 automakers: Toyota, Honda and the combined automakers brand, otherwise, there's virtually no chance of survival against Chinese brands. The same should go with EU brands, they need to combine to only 3, VW, Stellantis, combined BMW/Mercedes, and focus on the same vehicles, and the U.S., only GM, Ford, Tesla and combined Lucid/Rivian.

[@Pvemaster2]

Why would those companies want to merge with dead weight? Just let them go bankrupt

[@paulc6766]

Not so successful for British Leyland and now Stellantis, combining several poorly performing companies together just hastens the end.

[@jdmguy44]

LOL No way Nissan would merge with Mazda - who are part owned by arch rival Toyota. Likewise Subaru.

[@jamesvandamme7786]

Mazda is the best of them. Zoom zoom! Except their EVs suck.

[@ouethojlkjn]

Who partners up with who is pretty pointless if you are still making cars that no one wants to buy. Here in the UK October EV sales were up 25% and everything else was down. Pure battery electric vehicles out sell diesel by over 3 to one in the UK but still the news channels say “no one wants EVs” I wonder who’s paying their bills?

[@donaldduck5731]

The brand, the badge, like MG is worth something, NISSAN has/had a reasonably good reputation and maybe a manufacturing plant to get around import taxes in the EU or US.

[@cameronmartin931]

Sad that it has come to this for a company which used to rival Toyota for quality and reliability.

[@JIMJAMSC]

Kind of sad seeing It was a 80s Nissan Maxima later a Pulsar that got me through HS and college. Inexpensive, 100% reliable. Just add gas and go. I remember forgetting the last time I filled up or even changed oil. Just drive.

[@RobertWarman-i9l]

Ive a great fondness for nissans i own civilians , terranos safaris ,just reliable simple and honest and repairable back in the day

[@theo9976]

Nissin (the way Sam pronounces it) makes instant noodles. Nissan makes cars. It’s like the difference between the word ‘yawn’ and ‘lawn’. Maybe subtle but a huge difference in meaning. 🤦

[@roboliver9980]

Desperate times for car manufacturers. Nissan and Renault had actually adopted and embraced EV tech too. Governments are to blame and there will be a reckoning.

[@davidpickard9393]

They fitted Ghosn up because he tried to save the company.

[@josephkokch]

Bet he's laughing once this bad news came out.

[@kevenfitzsimmons7191]

Thanks!

[@davidboskett5581]

Carlos Ghosn must be chuckling to himself. The company has gone downhill since he was fired although I am not sure he could have 'saved' the company twice.

[@jakien]

Nissan's quality took a huge dive in the early 2000's when they became involved with Renault. Previously their cars were great but they were unprofitable due to a refusal to close factories and stop manufacturing older models - the renault relationship changed that, but also changed the quality of the product. These days, most consumers wont touch Nissan because of their CVT and timing chain issues. IMO they could have been a market leader in the same running as Toyota and Honda were it not for the Renault connection and old fashioned leadership.

[@jeltoninc.8542]

My first car was a Nissan Sentra. Really sad to see them devolve over the past 20 years.

[@michaeldawson6309]

Good idea. Like MG buy the brand and use BYD as the tech under the hood.

[@zuriel028]

As an automaker, Nissan's executives have wasted a lot of time on scrambling power instead of making a sound development plan. Ghosn's departure determined the end of Nissan.

[@MudflyWatersman]

Nissan's problem.... With ICE vehicles.... Is they are far below honda or toyota in quality.... And that's their main competition. Quality and resale matter to consumers. Consumers who have a choice. Reputation matters in the long term.....period.

[@dadanomadi834]

Toyota quality has really fallen off in the past few years. Don't fool yourself. They are no longer the great auto company they used to be.

[@JDMSwervo2001]

@@dadanomadi834the trucks? Yes. The rest of their lineup I would take over anything American or European made

[@WarsOfate]

After the Ghosn Saga, I doubt anyone would dare to turn that ship around.....

[@NeerajLalu]

Ok so how can we take what you report seriously these are the higest country debt 1-United States: Over $35 trillion 2-China: Approximately $13.77 trillion 3-Japan: Around $12.78 trillion 4-United Kingdom: About $3.14 trillion 5-France: Approximately $3.11 trillion I just found your channel and really liked the video on the German car industry,it made a lot of sense. However, I’m now wondering how much of it is based on your own research?

[@yesufeshetie2098]

The world should carefully watch what is happening to car factories, not to allow deliberate dismantling of brand car factories

[@Rob6020]

Most likely they’re done. Is there enough value in the brand? I don’t think so, if there was a Chinese buyer might be found but what is there to gain?

[@swatkin3]

It’s a race between Nissan and Jaguar…

[@daniellee8720]

My money is on Jaguar, so far they have proven they don't sell cars.😂

[@undisclosedthai]

No, I think Nissan does not Woke.

[@lONlQ]

😂😂😂😂😂😂😂

[@niceshellsdude7185]

Nissan's main issue is lack of accountability from their CEO with regard to their CTV transmissions. Trying to get funding is pointless until they get a new CEo who can piunt them in the right direction with a new vision for this company to survive

[@Whyunounderstand]

Nissan used to make some good cars in the 90s

[@jimgraham6722]

The Datsun 1500C was a great little car.

[@haderlumpi]

Nissan was cool back in the days when the GT-R and 350/370z where a thing. Things have moved on since then.

[@steak5599]

Is kinda funny how Nissan was in this Position before, they hired Carlos Goshn to wrangle them out of the position. They got rid of Goshn, and now they face the same problem again.

[@daviddowie828]

The reality is that the Governments around the world told car manufacturers to start investigating in EV and hybrids, and walk away from existing Combustion engines. Problem is, most folk have dug their heels in and not bought into EV. So car manufacturers are making Electric cars that nobody wants....or can afford (toxic depreciation).

[@pctong5387]

When your most outstanding car is called Godzilla, you know you are a dinosaur.

[@cookeecutkk]

Note that Japan’s debt is mostly internal debt, unlike US debt which is external and the biggest in the world, at that. Internal debt means the government has little room to maneuver but Japan is not in danger of going broke like the US is.

[@Tailspin80]

I don’t think any country that issues its own currency can go broke because it sets its own interest rates. Debt might become worthless but that’s a different issue. On the other hand a country which does not have a sovereign currency like an EU member or one using the US$ could very easily go bust.

[@fauzanriez9472]

Carlos : come back? No thanks. You're on your own. Btw, in an interview in Lebanon, he pronounced his name as Carlos Gosen, not Carlos Gon.

[@Emboaba]

I think a lot of experts in this field remember auite well what happened to Carlos Goshn

[@gilbs72]

Nissan had 25 years of borrowed time. They were in the same situation in 1999.

[@mho4228]

Sad to see them in this situation. My first car was a Datsun , simple car pour fuel and run.

[@jasonfreeman8022]

+1 for the use of the word “shambolic”!

[@ianaskew7166]

Cars are expensive, peoples bills have went up and unfortunately people are not changing cars as much

[@philjklew]

Sam keeps reiterating this, but I always thought USA was by far the most indebted country in the world, not Japan??

[@ImLeuff]

My little k11 Micra keeps trucking along happily. Maybe go back to building cars like that Nissan?

[@fredgassit3360]

Mine too!

[@markweidner8803]

I had predicted that a Nissan takeover or bankruptcy would have happened by yr end '24. The fact that there is still ~12 months left is shocking.

[@StereotypedMe_]

Nissan is predicted to be failing but Suzuki? Now thats a problem coz they make great affordable cars and cheap maintenance…

[@jbmaillet]

Japan has a huge debt, that's true, but this debt is owned by Japanese (they save a lot).

[@petermorrison7454]

Going in with renault was a death move..

[@saleh45251]

there is an article from yesterday about Nissan/Honda sales being decimated by Chinese cars in various markets...by the way, i dont think its the EVs which are killing japanese car brand sales, but Chinese are selling inexpensive ICE cars taking huge market shares away from japanese cars...

[@Paul-fj2mm]

Culprit "BAD CVT transmissions" installed on most Nissan models since 2003, now they are paying the price and go ahead blame JATCO (Japanese Automatic Transmission Company)...Karma!!!

[@KINGITSOL]

Spot on

[@martingill6996]

I never use the word Toxic, but this is Toxic 😂

[@DanielBurkeMakesGames]

Chickens coming home to roost. Carlos Ghosn must be laughing.

[@grahamkearnon6682]

Well, the gloves are off. Many of the traditional brands are now in financial free fall. Germany got it all badly wrong, the UK will be a van builder only. Some smaller euro brands might survive. N.America is really in a bind, you can protect your self with tariffs all you want but, if the manufacturers insist on using the high end handbag business model ie few but, high priced offerings bankruptcy is their future. Meanwhile the used markets will explode. Especially known reliable brands.

[@ChickensAndGardening]

This is a bit harsh but if Nissan is really that close to bankruptcy or acquisition, that's really sad. They were a great auto company once upon a time, and (IMHO) still make some great vehicles. The Rogue crossover is one of the top vehicles in its class in the U.S. I don't understand why they don't release the EV-generator version in the U.S.; it might sell pretty well. We have a Leaf that's a really nice, affordable little EV and we love it. Anyway, I hope they pull through this, one way or the other. Probably will have to partner with another big auto maker to survive.

[@jimmypham1230]

They make great hybrids, they just don’t release it in North America. Look at Nissan e-power

[@robertcatanzaro2982]

Sandy Munro said incumbent manufacturers are doomed some time ago. It's happening. Looking for a new car after my model x is due back off lease. My local Nissan franchise doesn't have a Aria to test drive, and said they are unlikely to get one any time soon!

[@opinionmatters7119]

Sad for the employees but they declined in quality over the years. Others, including Tesla, have been going up in quality. It’s time to see a few of them go.

[@New_DigitalWave]

Gonna call back Carlos Ghosn 🤣🤣🤣

[@CindyMoore-c5k]

Thanks for the breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?