Nissan faces record debt with only one year left to save itself from bankruptcy

[@electricviking]

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[@jonebjrheim3148]

5 seconds after I had paid for my Nissan Leaf in 2016, the salesperson told me that if I didn't pay for (mandatory) yearly services, then the warranty would not apply. I said nothing. I just made a mental note: "Never ever under any circumstances buy anything from Nissan again".

[@Watmab7797]

Every time I take my nissan Leaf into Nissan, it turns into a huge bill. The vehicle is eight years old and apparently now needs a new transmission. The company is not what it used to be for sure

[@pipersall6761]

I would have thought that was fraud if you werent made aware of that little detail before you paid them.

[@jonebjrheim3148]

@@pipersall6761 So would I, but in Norway the car sellers can get away with such behavior. I find this strange myself. Several makes now do this, such as Audi, Volkswagen etc.

[@pipersall6761]

@@jonebjrheim3148 Thats too bad. Well, you have a great car there anyway.

[@ChickensAndGardening]

@@Watmab7797 Nissan Leaf does not have a transmission in the traditional sense. It has a reduction gear for the electric motor in a gear box that has transmission fluid, and it should be changed every 100K miles. At least, that's my understanding from the specs. Also, the Leaf has above average reliability. It's a machine, and things will go wrong. But overall it's much less repair prone than the average gasoline car.

[@GarrettGoodenough]

They will restructure the debt. I bought a couple hundred thousand shares at $4.76 and will wait fornit all to play out by Next year it will be $8.00

[@jwb935]

Already at $6.09 as of 18.12.2024

[@tommyngun86]

Nissan's Ariya managed to sell just 56 units in China last month. Game over...

[@andrinebrown-cover8615]

The price was too high.

[@danielstefanovic2604]

@@andrinebrown-cover8615 Its also worse then what the chinese offer.

[@FAFORednickincell]

@@andrinebrown-cover8615the thing was the Chinese Government didn’t force its people to not buy legacy vehicles…. Just a few nudges here and there… talk about a coup Does not help when these Legacy companies don’t innovate and compete

[@mikecarter2737]

Test drove Ariya and told it to go to nearest fast charger - it took us to one that had been closed for 3 years!

[@ChickensAndGardening]

@@FAFORednickincell PRC government imposed a huge tax on gasoline cars, effectively forcing people to EVs and PHEVs.

[@connclissmann6514]

There is a guy now living in Beirut who could help ... 😊

[@Ruhdddch]

Carlos we need you😂

[@undisclosedthai]

Carlos, but not Tavares

[@pccitizen1647]

He is the one who sowed the seeds of collapse with him building a mercenary dog eat dog culture

[@joim3480]

or he did set the seed for that...

[@ChickensAndGardening]

It's not clear Ghosn helped Nissan, or hurt them.

[@simond7582]

A big shame really, I really would like to replace our Leaf with a modern version, its been a very solid and reliable car for the last 6 years. The management of Nissan and most Japanese companies are too old, conservative and stuck in the past.

[@Ruhdddch]

Isn't funny how progressive they were in the 80s... and now....

[@ruthlessrude6014]

Even there design is ABIT ugly. Have to keep with the modern times. All those Korean up their game in design bother interior and exterior. My old man was going to buy a Nissan Xtrail 2024 model. Until he realise there is no power. For similar price there other better cars to choose from now.

[@whetwilly1]

Couldn’t agree more. Our 2013 Leaf has had zero issues beyond a slowly degrading battery…. Currently down to 65 miles at 100% charge…. If a reasonable battery upgrade popped up I would jump on it…but as long as a replacement battery is more than triple the cost of the cars current value it isn’t viable for me…

[@ChickensAndGardening]

aren't there any recent used Leafs in your area? We got a '22 with 11K miles on it for $13.6K (including EV incentives) and it's been excellent so far. 175 miles at 100%. It'll probably lose some range in a few years but by then we'll probably have moved on to a Tesla or some such.

[@slavko321]

@@whetwilly1 nissan leaf battery is hot junk (not cooled properly) and STILL doing quite well, amazing!

[@michaelr3647]

Interesting to note the difference between the Chinese and Nissan factories: Hardly a human to be seen in the former, but an army in the latter.

[@Stonefeather53]

I noticed that as well. The Germans and Tesla too are automated.

[@undisclosedthai]

I see some Thai conservative persons are prioritize the number of soldiers over the performance of weapons.

[@crosslink1493]

Automation is good for some repetitive tasks, but its not good for everything, so don't judge anything by that standard. Plenty of examples in the USA in my lifetime of companies that tried to automate, found out it was a very costly mistake, and you could buy robots for a fraction of their original cost in their bankrupty/administration liquidation.

[@PeterXiao1]

​@@crosslink1493Your argument is all right theoretically but in this specific case of Nissan, not so much. The company is losing money and cutting staff.

[@crosslink1493]

@@PeterXiao1 You'd have to find out where they are cutting staff; manufacturing, design, mid-management, administration. They're also selling other assets not related to the core automotive business to raise cash so its a hodge-podge of things they are doing. Automation alone isn't going to save them.

[@CombatSport777]

I love Japanese vehicles, I owned a 93 Nissan Altima growing up that never had problems, then I purchased a 2001 Honda accord that I drove 320,000 miles then sold. The engine in the accord still ran amazingly!!! The tranny had clunked for 75k miles but still drove. Sold for $1,800. I now have a Honda ridgeline with 150k, all I have done was the 100 k maintenance and changed the alternator. Honda, please please please make a proper truck!!!

[@brendanquinn6894]

Tequila may not fix your life, but it's worth a shot.

[@88Blazehaze]

Si! 👍

[@ISuperTed]

It’s a shame. My neighbour got rid of his VW ID3 (hated it - lots of issues) and got a used Leaf - absolutely loves it. Does sound that they could end up bankrupt and bought by someone.

[@ChickensAndGardening]

If anyone buys them, I hope it's a non-China company.

[@skasteve6528]

@@ChickensAndGardening Why would anyone buy a company that is losing billions. Nissan has two things that might be worth buying, the name and the Leaf

[@CheapBastard1988]

​@skasteve6528 Renault did it when Nissan went bust in the 1990s.

[@brucekennedy5274]

Agreed , I leased a Leaf2 and agree, it was a brilliant small family car, pretty much perfect for me - only a pain on the occasional 200mile round trip, as public charging was a pain back then. Nissan failings aside, I’ll be sad for them if they go under.

[@donaldduck5731]

A new Nissan Leaf has a 39kWh battery yet a Chinese company called VIVEN is making an aftermarket 75kWh battery for the same car. The fact Nissan is unable to continuously improve their EV models as Tesla does with improved batteries, thermal management and efficiency is their downfall, that legacy mindset and lack of flexibility at a time of fast paced technological advances is a death blow.

[@ChickensAndGardening]

I don't understand why they didn't just keep the Leaf in production, while incrementally improving the battery tech as you described. It's a great little car. We love ours. In Japan they make a PHEV version of the Rogue (actually an EV with a generator, like the Volt) but it's not sold abroad. Too bad. They have a lot of EV know-how and should have leveraged it better.

[@dvader3263]

The Leaf plus also comes with a 60 kWh longer 212 mile range pack from the factory.

[@jim5148]

That's too bad. I had a 2013 V6 CVT Altima and loved it. I had zero problems with it.

[@ChickensAndGardening]

It's a shame. We recently bought a Nissan Leaf and it's been excellent. I hope they can pull through.

[@lambertgiang]

Honda might be in trouble later too with so many Recalls re Fuel pump and steering wheel plus also losing sales in China and Thailand.

[@pinotnoir3654]

I used to be a die-hard Honda guy. Even had the 1986 Acura (Honda) Legend. The last Honda I purchased was the 2012 Pilot. Still have it, but will not buy another Honda. The quality has plummeted, and their designs are downright ugly.

[@Suburp212]

Nissan is done.

[@memrjohnno]

Yep. screwed.

[@FrankSouza-ss7cz]

Mazda, Suzuki, Ford, Stellantis all to follow

[@brokeboy87]

@@FrankSouza-ss7cz I completely forgot Suzuki was still around.

[@Stanging84]

No they aren't. It seems like that but you and I both know they will bounce back

[@FrankSouza-ss7cz]

@@Stanging84 ...the only reason they are on a respirator is because of their governments. Soon the people will let them fail

[@timypp2894]

At least the management are getting a cut in their salary after mass redundancy.. in the west, they might lose or cut in bonus..

[@TRAININGPORPOISE]

I'm so tired of everybody talking trash about my ride. I've been rolling in nothing but nissans since 1999. I had a Chevy impala before. Then I got an Altima and it was powerful and cheap. Lasted 220000 miles. Now I have a sentra. Yeah it has a CVT but if you accelerate smoothly it won't break. Nissan is the last auto manufacturer who makes cheap but drivable cars. I ain't paying no $70000 for a ride even though I could even buy a Lamborghini easily anytime I want.

[@MCPicoli]

They're doing fine (not great) here in Brazil. Their Kicks model is on the top sellers list for 2024 and other models sell relatively well too. The Leaf on the other hand has negligible sales around here.

[@jeffschueler1182]

I bought a Kicks in 2018 and loved it. They are manufactured in Aguascalientes Mexico 🇲🇽

[@ivanmifsud6972]

I've had my Leaf for 4 years. It's been an excellent experience and I recommend Nissan to anybody .

[@andrebillups4079]

Their solution “raise prices.” Not realizes that’s why it’s already tanking.

[@RussHurst1]

Love the Eames Chair! Simply put...the finest chair on the planet...

[@drwisdom1]

Mr. Viking loves Chinese products so there is a good chance that Eames chair is a fake. Where is the ottoman?

[@FrankiePo89]

​@@drwisdom1 Why do you have to assume that Viking's chair is a fake?

[@drwisdom1]

@@FrankiePo89 Probably a majority of Eames chairs are "replicas". I did a search and Eames chairs in Australia cost A$14k. Mr. Viking appears to spend his money on EV technology not expensive furniture. I am extremely familiar with Eames chairs and have a couple. If I got a closer look I could immediately determine authenticity. Update: I went back into the video and paused on a part showing the chair. The top cushion is supported by two metal bars so below the top cushion we should see the white wall rather than it being all black. The front of the arm rests appear high. I couldn't make out the number of feet. If there are 4 then it is a fake. My father said they used 5 feet so even if the floor isn't flat the chair never rocks.

[@waynerussell6401]

But the Eames House was an expensive failure in industrialized low cost housing.

[@RussHurst1]

​@@drwisdom1I'm sitting in a real Eames Lounge Chair as I type this. His chair appears genuine to me. Hey Sam...can u weigh in?😊

[@winstonz]

Bloodbath starting

[@BartSantello]

Own a 2022 Nissan Frontier. Good truck.

[@isuruthiwanka2595]

I never go for legacy brands

[@johnclark2212]

100%!!!!!!!!!!!!!!!!!!!!!!!!! Junk cars= junk credit rating. It took 3 for me to learn my lesson.

[@joim3480]

not always, look at Tesla

[@skasteve6528]

@@joim3480 I'm not a Tesla fan, but I don't think their cars could be called junk.

[@dvader3263]

I think ya have that backwards. Junk credit rating first= junk cars. Teslas aren't inexpensive or cheap.

[@joim3480]

@@skasteve6528 I agree, although some people said so, plastic dislocating, system issues etc..., I do not think the cars the cars are junk, but nor are Nissan's. That is what I was trying to say in a sarcastic way. However, in all fairness, if you look at the valuation of Tesla in relation to its actual contributions to the market, it is a total scam. This stems from lots of bold statements like the robotaxi that was supposed to have flooded the market by 2017 and other stupid promises that he is a specialist in.

[@insanegixxerdude486]

Plus you can get away with selling crap in good times. You can’t get away with selling crap in bad times.

[@2pdlpwr]

At 10,000 dollars for Tesla power walls. My 5 yr old Chevy Bolt ev's 65kwh battery is worth more than my vehicles trade in value. My mind is turning wondering about it for a whole house backup battery for cheap.. 10,500 bucks!

[@kiwidiesel]

How often does your house power go out?

[@Bow-to-the-absurd]

Nissan used to sell boat loads of micras. Not seen a new one in years.

[@humming-birdaerialimaging682]

Figures. I just leased a 2024 Ariya. Best car Ive ever driven. Guess I won’t be buying it afterwards, if not sure of the company support.

[@greggergen9104]

I ran a 2007 Nissan Versa up to 157000 miles and bought a 2009 with just 57000 miles and have run it up to 100,000 miles with few problems.

[@CombatSport777]

The verse is not a great vehicle, but it runs okay for the price. My daughter has an 2011 Altima with 150k miles and it hasn’t given us any grief. Just go easy on the tranny

[@StephenButlerOne]

The majority of the old OEMs are in trouble and have been for a good while.

[@Berretotube]

The legacy collapse has begun in earnest.

[@bungkusi2432]

Ray...odo fasten the process by giving thumbs up to byd

[@vanrozay8871]

right. those who dawdled about going all-in on EVs are cooked. nissan had a head start but blew it.

[@kiwidiesel]

Who is Earnest?

[@hendrx]

The 350z is a classic, best car ever

[@crosslink1493]

The 260/280 era for me, when Nissan started putting fuel injection into the 'Z' cars versus carburetors. 👍👍👍

[@mikemcnulty6029]

We have had a Qashqai for 5 years. It's one of the best cars we've ever had...driven just about everything and are big Honda fans..(we've had 10 cars in the past!) such a shame as the Sunderland plant is one of the best in the world...closure would be devastating for the whole North East region of England.

[@whowhy9023]

They are dead in the water.

[@ouethojlkjn]

The latest iteration of the Qashqai certainly looks good and I hope it doesn’t carry over the Moniker of being the most polluting car in the UK. They were forced to retrofit older diesels to reduce emissions.

[@brunosmith6925]

Possible that a Chinese automaker might buy some Nissan brand names (Qashqai maybe), just as happened with MG, Volvo and others. However, Nissan's only EV offering (Leaf) is redundant tech, and worthless. Nissan can't survive (sadly) and the much-vaunted Sunderland factory will close within 2-3 years. Nissan's total demise will happen by 2028.

[@0utcastAussie]

@@brunosmith6925 Either Geely or BYD ? Which would actually be great for the UK market. Like a Phoenix Sunderland would rise from the ashes.

[@peterbrownless]

​@@0utcastAussieNot with the uncompetitive price of labour and electricity in the UK. Throw in our BS EV mandates that fine automakers 15,000 GBP per car for every non electric car over their total % production limit and the entire industry is teetering on a cliff edge.

[@nickvdk11]

Wonder if Carlos Ghosn was still in charge of Nissan would they still be in this mess

[@yiplekhong5111]

Absolutely ...karma is real for what they did to him.

[@crosslink1493]

Back when he got dismissed from Nissan and the company broke away from Renault the automotive press mentioned he was getting blamed for everything at the combined Nissan/Renault company. Not sure if that was correct, but Nissan's board want to save money and hired Ghosn to do that like he did at Renault, then its Nissan's problem for the lower reliability rating of their cars (Renault wasn't a top-rated brand back then).

[@dvader3263]

Carlos Ghosn is a criminal and fugitive who was smuggled out of Japan in a large instrument case.

[@Dmwntkp99]

Yes, because Nissan was and still shit unreliable as now Honda with 1.8 million engine rod failure recall.

[@KarlLetcher]

You are the only person I’ve ever encountered that says “nissin” instead of “nissan.” The way latter is the way Nissan says it in their ads.

[@kttk-7586]

Nissan has some great vehicles or has options that sell around the world that don't sell in the US that could help. I don't see the E-Power platform or 4 cylinder diesel option available on the US website

[@crosslink1493]

I'm assuming you are referring to small cars? They just don't sell here in the USA. All the 'big 3' American auto makers tried to sell a few models, as did Toyota (Yaris & Scion), Nissan, Hyundai, Honda (Fit), Mazda (Mazda 2) and the sales volumes didn't justify keeping them. The only brand I know keeping a small car in the line-up is Kia.

[@MrDarrylR]

Bad days for Smyrna, TN (pop 53,070 with 8,000 working at the Nissan plant), Canton, MS (pop 10,742 with 4,000 working at the Nissan plant) and Decherd, TN (pop 2,379 with 1,600 working at the Nissan plant). Nissan's error came two decades ago, when they chose CVTs to meet emissions and fuel efficiency regulations. CVTs require fluid changes at regular intervals or fail catastrophically, and owners weren't prepared. So unlike Toyota (or to a lesser extent Honda), Nissan soon lost the reputation for reliability it cultivated over decades.

[@lordlee6473]

The Japanese spent more money and energy on going after that European executive who escaped in a musical instrument case, than their R&D on cars

[@pctong5387]

Make like a tree and leaf

[@undisclosedthai]

A Thai car meme said another name of Nissan in Thailand is “Beautiful? Want It? Not For Sale!” It means Nissan Thailand is lacks of new models compared to other car markets and usually not bring its models that Thai people want. The only one Nissan dealership in my province is closing and changing to be BYD. I see some people are disagree with that, but it seems to not care about that. (I agree with the new BYD dealer because some people already using BYD here before the dealership exist here, but I strongly disagree about killing Nissan.)

[@marlonstanley3616]

And in my country the e power selling like hot bread

[@SteveBueche1027]

Hard to believe when every other car I see is a Rogue. It’s a shame. I hate to see this happening to them.

[@jrg5315]

Right!? Anecdotally I see so many people driving Rouges, Sentras, and Altimas. Hard to believe

[@sargfowler9603]

Interesting because the Qashqai is no 3 best seller and the Juke no 5 in the UK. Manufacturing and demand are up.

[@jasoncarmichael4540]

China is the biggest market for sales , so sales in the uk hardly make a mention

[@sargfowler9603]

@@jasoncarmichael4540 Totally understand that, just saying they do still make desirable cars.

[@whowhy9023]

@@sargfowler9603Recent battery improvements will kill demand even in the UK.

[@dainispozins4172]

Sorry to say, but UK is a small market..., mostly irrelevant in picture of global competition, especially after the Brexit. Qashqai and Juke ICE vehicles alone can't save Nissan, if they are losing China's market rapidly...

[@kalex381]

Stats say UK is the second largest car market in Europe after Germany….why people think this is small?

[@avdp9095]

Same faith for 150 Chinese car manufacturers

[@ktjs2000]

carlos karma strikes

[@lifegambler2000]

I wish Tata Motors would acquire Nissan. JLR is profitable now because of Tata Motors, and they could make Nissan profitable as well. They are experimenting with different strategies to make Jaguar's profitable and keep the brand alive.

[@2pdlpwr]

Nissan needs to make a small front wheedrive "electric only" pickup truck, everyone is dragging their feet to that market....boom I hated the long overhang on the front of the updated leaf. The Aria is too expensive.

[@TheMighty_T]

This is tragic when you consider nissan was a world leader in the shift to electric cars with the Leaf. Not sure how that dominant early position ends up with Nissan in this place.

[@ouethojlkjn]

Similar to BMW, they toyed with it but didn’t bet the company. If you see the future, don’t stare at it with your eyes closed and hope it goes away!

[@slavko321]

@@ouethojlkjn BMW at least acknowledges the EV demand, toyota will be a bigger fall from grace.

[@freddietheone8067]

An ‘Oh shit!’ moment…. Nissan is one of the few worldwide companies that cannot say they did not see this coming. I wonder if Sunderland could break free and go alone with electric?

[@Hopgoodd]

That's the problem, net zero nightmare!

[@whowhy9023]

No chance.

[@whowhy9023]

@@HopgooddNah incompetence & Hubris.

[@CheeseLovingGuy]

Why invest in the UK businesses want to be inside the EU trading zone

[@GruffSillyGoat]

The UK plant is already going to electric production, having been producing the Leaf for years. Its now to be the centre of production for the all electric Qashqai, Juke and new Leaf models. The upgrade investment was made last year and carried out this year.

[@steak5599]

BYD debt is also huge as well due to their rapid expansion. That could be a potential bubble too. Total Debt is like 50 Billion USD.

[@MarianMacniak]

I reed like 75 billion USD

[@undisclosedthai]

Reported in some anti-China youtube channels only, so it is possible to be a fake news.

[@jokeychin]

Before spreading nonsense to learn some basic financial knowledge, take to 2023 financial report, BYD to financial institutions to borrow, as well as issued in the capital market debt only 30.3 billion yuan, interest-bearing liabilities in the total liabilities accounted for only 5%, more than 90% of the liabilities for non-interest-bearing liabilities. These non-interest-bearing liabilities mainly include outstanding supplier payments, upcoming employee compensation, unpaid taxes, and contractual liabilities. In other words, the vast majority of BYD's liabilities do not require interest payments. And at the same time, BYD's operating cash inflow of 610 billion yuan, of which more than 430 billion yuan was used to pay interest-free liabilities, the net operating cash flow is still 170 billion. And that's all based on the premise that construction of more than 10 factories is in spurts.

[@willhooke]

@@jokeychinG'day Can you tell me where you sourced all this information? Thank you for your time 🙏🏻

[@jokeychin]

@@willhooke I looked up the info in the Chinese site, and BYD's website also has the latest quarterly financial statements.

[@johnmoulton9728]

The continuing trouble with the auto industry is that the most senior executives are generally surrounded by yes people and are never challenged, even the executive’s policies are stupid

[@stizzygrayson5541]

They need to bring back Ghosn

[@bungkusi2432]

Right now Bankrupt is better Bankrupt = the shareholders still got money back Giving another chance will make money gone more

[@zulfakaraspar2311]

Not a chance!

[@swingmaster2312]

He's responsible for this situation! Cost cut and cost cut and putring French Renault engine in Nissan car that there are répercussion on quality !

[@dvader3263]

Carlos Ghosn is a criminal and fugitive from Japan who was smuggled out of Japan in a large instrument placed onto a jet. I don't think that he wants to go back to Japan to be arrested and thrown in jail, again.

[@SuperMassman]

Will there be a Fire Sale?

[@whowhy9023]

They have noting of value.

[@rogerfaint499]

Water sale . . . perhaps.

[@andrinebrown-cover8615]

I would love to know. There were a few I wanted but the price was too high.

[@jeffreywong5112]

Removing Carlos G is a mistake

[@BruceSarbi]

The collapse of Japan has started.

[@undisclosedthai]

Japan's cultures and soft powers are too popular worldwide to fail, including the JDM car culture.

[@changliu3915]

@@undisclosedthai Nothing lasts forever.

[@tadasnever]

JDM is dead. Now it is a niche of old used JDM cars that does not generate revenue for automakers, rather aftermarket. Only Miata and 86 are still hanging in there for now, but they sure don't bring a lot of profit for makers, because they are "budget" options.

[@mikewallace8087]

The Collapse of China began second .. Japan is world economy collapse collateral damage.

[@crosslink1493]

Nah, Japan will do OK. The auto market may be struggling, but Japan overall will not be affected to any great degree by it. If it was investing in China or Japan, Japan would be the easy choice by a wide margin (but not necessarily Nissan!).

[@hoyks1]

Ni$$an has been dying for a while. They have spent nothing significant on R&D in a long while, their vehicle lineup is tired, poorly engineered or just doesn't appeal to the masses. Having Renault take a controlling interest has done them no favours, so too the rise or Korean manufacturers that beat them on price and quality and Chinese manufacturers that beat them on price. Its just a matter of time before they are taken out the back and put out of their misery. I've owned a couple of Nissans, but they pretty much gave up in the mid 2000's and have been going through the motions since

[@shnorth888]

The whole cvt transmission issue didn't help either. Nissan's CVT was one of the worst ever made.

[@yardboy3955]

GAME OVER NISSAN

[@brucekennedy5274]

What a shame. What an irony. Nisan (and of course Tesla) spearheaded the EV revolution back in the day. I leased a Leaf2 for a few years and, compromised range aside (due to battery tech and cost at the time) it was a wonderful, incredibly practical, well made car that I loved to drive. So it seemed they had the jump back then, but just couldn’t move quick enough to capitalise on it.

[@seegee7728]

Nissan lost the plot when they killed the Pulsar for the cough Tiida.

[@BillLaBrie]

They lost it when they discontinued the B210

[@entropy5431]

I had a Pulsar GTiR in the late 1990s. It's probably the most fun car I ever owned. (Japanese import).

[@MehdiS-music]

I currently drive and own a 2007 fully equipped Nissan Primera 1.8L petrol with a manual gearbox. The engine is bulletproof but the cabin materials and other small bits are of low quality, far from the 1997 Nissan Primera i once had and really liked. Since early 2000´s Nissans alliance with Renault saved them from bankruptcy but annihilated their quality with the adoption of the Renault mentality = build and design cars cheaply. The reason why i drive and hold to my 2007 Nissan is that all the POST -2010 cars are pure low quality rubbish so no wonder they are going bust once again. Sad

[@ronch550]

That's what happens when you let your quality slide. When the going gets tough you're gonna be at the bottom of people's lists.

[@GlowingTube]

Nissans sales in the US and in China are a disaster. Most of this is self inflicted plus their poor innovation on the EV front.

[@fredhearty1762]

The combustion engine pie is shrinking globally -- China first, but everywhere in time. Toyota and Honda are strongmen that will push out weaker competitors, but all businesses that depend on combustion will fall like dominoes.

[@jtkrpm1]

Ban EV'S

[@rais1953]

It doesn't look good but I hope they find a way out. I have a 2014 Pulsar that I bought still under warranty in 2016. It's a good car. If I were to trade it in now I'd wish I could get a later model of the same thing. Unfortunately passenger hatches are no longer in Nissan's Australian range. I'd probably have to go to the Koreans or Suzuki unless I wanted to experiment with a Chinese brand.

[@anth5122]

BYD has $73 billion of debt 🤪

[@chasx7062]

Toyota will buy them out like they did to Subaru, next Mazda

[@whowhy9023]

Nah they have their own problems.

[@satay2hot]

No it will be geely

[@ouethojlkjn]

With Toyota having the uncomfortable crown of the most indebted company in corporate history, I don’t think they’re going to want to spend even more of someone else’s money…

[@chasx7062]

but why geely? Nissan is hardly a brand name to buy, unlike MG, Volvo, or even Jaguar...

[@chasx7062]

Toyota is spending someone else's money lol... Toyota still never go bankrupt as long as the Japanese government bails them out

[@gdt5430]

Nissan needs to get completely rid of the CVT garbage they've had for years, bring out a hybrid or two and get prices down under Honda and Toyota with a better warranty.

[@nothingtosee7718]

Shame it’s not Renault/Peugeot.. They need to go!

[@ukman9797]

Why?

[@nothingtosee7718]

@ poorly designed and made cars, French and they are state subsidised/supported. The very thing the EI stopped the U.K. gov rent doing with rover.

[@MarkTurner-vs7uc]

They would have been reborn with the fall of toyota and honda. If only they made good cars like they used to.

[@JLocauto]

Your right yet greed is going to get them 😂

[@sirtng]

They can just refinance the loans as they come due, issue more shares or any number of other things, sure finance costs might be more but they won’t go bankrupt due to this

[@hankitytankity]

Nissan should throw a Hail Mary and warranty their transmission for 200kmi to boost consumer confidence in the brand; it worked for Hyundai/Kida. They won't be in business at this rate, so why not?

[@GrahamLangston-i5n]

I had some very good Datsun car very reliable but a few years ago I brought a nissan I only had it a week took it back to the dealer and had my money back

[@sportyhuntley8914]

So is now the time to buy a Nissan Pathfinder? It doesn't have a CVT.

[@robanzzz5124]

Bit of a shame that Nissan is struggling so badly with the failure to navigate the changes in the market. They genuinely made some great cars eg Pulsar and the sss version of the Pulsar, skyline silvia and etc. They had a really good thing going on with the leaf had they invested in better battery and software for it and pushed that as a "Premier" model.

[@entropy5431]

Pulsar GTiR 😊

[@brokeboy87]

There is a good chance I was one of the people that called you crazy in the past video.

[@TwoPair72]

I’ll never go back to Nissan. Too bad, the Frontier is probably their best built vehicle. Picked up a Mazda. Wish Mazda would bring the truck back. Just as good or better than Toyota, without all the “subscription fees”.

[@bungkusi2432]

The eagle tarif towards panda Just accelerated the decline As it seen as legitimation of panda quality

[@leeedens9497]

Nissan isn't the only Japanese or legacy car company in trouble, but they may just be the first to fail, and who will save them, the Japanese Government (probably not), a Chinese car company (why?), which leaves who?

[@comptegoogle511]

I think they could be absorbed by Toyota. Would make sens. Toyota have progrssively made is way to the upper middle class price and Lexus is for the rich class. So they need a brand label for the blue color part of the market. Both company are in Japan so for the proximity and the culture it would be a more feasable thing.

[@johnnydoe725]

I'm surprised that Nissan managed to survive until present. I mean, who needs another freaking Renault? They lost their Japanese identity - contrary to Mazda, which restored it.

[@ukman9797]

Renault tentacles are everywhere, they are even in Mercedes, I know I owned one. Merc A class, Renault DCI with 6 speed EDC..

[@sneakymove]

I remember Ghosn had to escape Japan in a box.

[@just_passing_through]

They’ve fallen a long way since they (Datsun) were industry innovators back in the 1970s and 1980s.

[@arthurmario5996]

well at least their debt rating now matches their product quality! 🤣

[@sunshinesun121]

Japan interest RATE is 0,05% for "Selected Companies". Japanese Govn WILL ALWAYS bail them out as these are "elites" who have political " affiliation". Thus ... JAPAN WILL NOT and CANNOT increase interest RATES.

[@ouethojlkjn]

Although I believe you are correct, this is not without other major problems. While the Yen attracts no interest the currency devalues. As Annette in Porter Japan will start having increased costs and probably stagflation

[@TomTomdog]

Nissan CEO makes annual salary of 6million dollars a year. He is forgiving 50% pay cut. Now he is only getting 3million dollars salary. That is so sad after thousands of employees lost there job

[@alainbelisle643]

Big financial partnership with Renault and Mitsubishi for many years now, and that didn't help. Now big brother Renault is in financial trouble also, can't come and save them again.

[@chefchaudard3580]

Renault is not struggling, at least no more than other car companies. Mitsubishi is part of the Alliance and has nothing to do with Nissan demise. Nissan broke up from Renault years ago : their strategy is not defined by Renault for years. It is their own fault. Without Renault, Nissan would have disappeared in the 1990s

[@vikos78]

Call Carlos Goshn to the rescue! First, drop off the charges against him...

[@charlesrovira5707]

*Nissan:* _Wanna buy a factory?_

[@TonyNicastri]

I don’t want to be a pessimist but why are so many of these KZbin clips about companies going bust. Doesn’t anyone care about all the jobs in jeopardy which is very concerning for those directly affected ( in particular in Germany ) Very sad situation, as it seems that no one can compete with Chinese manufacturers Great for their economy but what about the rest of the world

[@jameswilliams5921]

If you notice they all own tesla stock or drive teslas

[@satanbuster8248]

Yoohoo! Japan is following the EU in going to the gurgler. That's the clique called the G7.

[@paulking2039]

No electric GTR ? :(

[@undisclosedthai]

It's not just muscle car fans who reject EVs, JDM fans too.

[@spoonfuloffructose]

The current state of Nissan is shocking. Even now, their cars aren't bad. They just don't stand out from the crowd.

[@dougsheldon5560]

So, no more new CVT's to replace the unfixable junk out there?

[@mof40]

The karma of carlos ghosn their ceo who they suied..

[@dvader3263]

Sure, all of the charges against Ghosn in several Countries are all false. Ghosn is a real angel.😂

[@benwhitehead-z2n]

On our second Nissan leaf and third Nissan. Been great cars. Would never buy Chinese.

[@FrankiePo89]

Whatever you bought are probably Made in China or somewhere along the supply chain, Made in China. China is afterall the manufacturing factory for the world.

[@maxflight777]

VW and Toyota next

[@incyphe]

nissan needs to decouple itself from Renault ASAP. If you are customer in Japan, to replace a hybrid battery pack in one of its SUVs costs 2-3x more than a comparable Toyota because the pack needs to be RE-imported from France. Mind you, the pack itself is largely built using components made in Japan. Nissan is 2nd tier car company, but Renault is a 3rd rate company with substandard engineering talent being propped up by Nissan, not the other way around.

[@michaelbates8660]

I'd be curious to hear your thoughts on Nissan vs. Mitsubishi. Mitsubishi is almost extinct here in the U.S., but it seems like Nissan has more stores than their competitors.

[@johnsmedley8843]

Who cares about brands? It's like buying a TV. A car Is just a tin box that gets you about.