Five thatgs atto watch 4 at Nissan’s results #In_China

Five thatgs atto watch 4 at Nissan’s results #In_China

February 11, 2019 0 By NewsTakers

Nissan is expected to book Ghosn’s underreported pay of about 9 billion yen ($82 million) as an expense in the fiscal year ending in March.
How is China’s slowdown affecting financial results?
When it announced its global car sales for 2018 at the end of January, Nissan said sales in China had risen 2.9% to 1,563,986 vehicles.
Weaker car demand in China would inevitably affect Nissan, the top Japanese brand in the country.
New car sales in China declined in 2018 for the first time in 28 years, sliding 2.8% from the previous year to 28.08 million vehicles.
In addition to China’s slowdown, delays in the planned rebuilding of its brand in the U.S. remain an issue.
But in December, sales declined 2.8% from a year earlier to 36,884 vehicles.
What happens to the three-way alliance with Renault and Mitsubishi Motors?
Ghosn was the chairman of Renault and Mitsubishi Motors as well as Nissan and essentially was the glue holding the alliance of the three companies together.
Renault holds a 43% stake in Nissan while Nissan has a 15% in Renault.

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