Nissan reported a stronger-than-expected fiscal first-quarter performance, posting operating profit of ¥78 billion ($497 million) versus analyst expectations of just ¥6 billion, marking a sharp turnaround from the ¥79 billion loss recorded a year earlier. Revenue reached ¥3 trillion, broadly in line with forecasts, while the company maintained its full-year outlook for ¥200 billion in operating profit and ¥13 trillion in revenue.
Despite reaffirming guidance, Nissan lowered its annual vehicle sales forecast to 3.15 million units from 3.3 million, citing weaker market conditions, particularly in China. CEO Ivan Espinosa said aggressive cost-cutting, faster vehicle development, and improving execution in the U.S. and China are helping stabilize the automaker, although geopolitical tensions in the Middle East, supply chain uncertainty, and pricing pressure from Chinese EV manufacturers remain significant headwinds.
$NSANY
$NSANY
They tried to copy Nissan's styling and color hue... but at a sales price nearly $600k higher. #Flattery 💋
https://youtube.com/shorts/QP1In6LHCHQ?is=-HVtOV_XyWIpfdE4more.
Renault, Nissan, Ford, Mercedes-Benz, and Stellantis (formerly Peugeot-Citroën) secured a major legal victory in the U.K. on Friday after the High Court rejected most of the key allegations in the British phase of the Dieselgate emissions litigation.
The court ruled that, in most cases, the emissions-control strategies used in the vehicles examined did not constitute illegal defeat devices, significantly narrowing the scope of claims against the automakers. While all five companies have consistently denied wrongdoing, a separate trial scheduled for October will determine whether any compensation should be awarded to the 1.6 million claimants seeking damages in the U.K.
The ruling is expected to substantially reduce the potential financial exposure for the manufacturers, which had faced claims that could have reached billions of pounds.
$F $VWAGY $NSANY $MBGYY $STLA
🚗⚡ Exclusive | $NSANY says an EV for India is no longer a question of if, but when.
The automaker says it's ready to launch an electric vehicle and is in talks with the government, with the final timeline hinging on the new CAFE norms.
✍️ Rachna Dhanrajani brings you the exclusive.
🔗 https://www.cnbctv18.com/auto/exclusive-we-are-ready-nissan-says-india-ev-is-coming-in-talks-with-government-19942016.htm
