Tag: Planning

By on May 28, 2020

Nissan

Nissan has dutifully released its long-awaited 4-year plan, a document fresh-faced CEO Makoto Uchida must make a reality in order to ensure the survival of the automaker in These Uncertain Times, to say nothing of his job title.

Leaked up and down over the past few weeks, the plan calls for a return to modest sustainability, rather than the expansionist, market share-chasing efforts of the Ghosn era. Thrift and efficiency will be the name of the game. (Read More…)

By on May 22, 2020

Early last year, Nissan, watching global sales wane and the pressure on its (un)balance sheet increase, hinted at the potential for 10,000 job cuts, per sources. That number then rose to an official 12,500, as North American pressures added to woes in Asia and Latin America. The unexpectedly eventful year of 2020 began with buyouts in the U.S.

Now, a report out of Japan — one that seems to reflect the company’s anticipated new direction — claims the automaker’s workforce will require a 20,000-strong cull, this time with Europe as the focal point. (Read More…)

By on May 19, 2020

mitsubishi

Mitsubishi Motors’ membership in the great Renault-Nissan alliance won’t protect it from economic realities arising from the coronavirus pandemic. On Tuesday, the automaker announced an 89-percent drop in operating profit for the year ended March, with black ink totaling just $119 million.

Rocked by the virus that’s thrown every automaker’s balance sheet into disarray, Mitsubishi scrapped its planned dividend and held back from issuing a projection for the current year. It’s also thinking small. The virus has changed the global landscape, and Mitsubishi says it will have to change to meet the challenge. (Read More…)

By on April 8, 2020

For an automaker that was already bleeding money and watching sales tallies shrink like a man who’s just hopped in the pool, the coronavirus pandemic came along at exactly the wrong time for Nissan.

As its lays off up to 10,000 U.S. workers amid an industry-wide shutdown, Nissan’s chief operating officer is already thinking about a brighter, more certain future. (Read More…)

By on July 13, 2011

It’s every manufacturer’s worst nightmare:

Between the top 911 model [the $245k GT2 RS] and the 918 Spyder [projected price point: $845k], there’s a price range that we’re not serving, but where other manufacturers are selling one or another product. We’re currently examining what options can be derived from this… [and] there already are initial ideas that look very promising on paper. It makes fundamental economic sense to serve demand that exists in the marketplace in a wise way

Poor Porsche sales boss Bernhard Maier. I mean, how does someone sleep at night knowing there’s demand in the $250k-$850k price range that you’re not exploiting? After all, Porsche currently offers nearly 30 “models” with base MSRPs between $80k and $200k. That, on average, comes to a different “model” every $4,000. So, according to the “fundamental economic sense” that Porsche applies to the $80k-$200k market, this new “hole” in the lineup should “be served in a wise way” by no fewer than 150 new vehicles. [via Automotive News Europe [sub]]

By on December 5, 2010

Toyota looks very cautiously into the future. This is the bottom line of an article that just appeared in the Asahi Shimbun (in Japanese. You just have to trust me, or rather Frau Schmitto-san, who provided the translation.) According to the piece, Toyota downrevised its projection for the 2011 fiscal year (starting April 1 2011) to 7.8 million for Toyota alone, excluding Daihatsu and Hino. With those two backed in, total worldwide production of TMC would be around 8.8 million. Meaning: Until further notice, Toyota’s world is pretty much flat. (Read More…)

By on May 18, 2010

Nissan made quite a stir in EV-watcher circles by announcing that its UK-produced Leaf battery packs would cost under $400/kWh, but as we noted at the time, those numbers are being supported by various government incentives. Now, with a new government taking over number 10 Downing Street, Nissan’s UK Leaf production incentive might be on its way out. With the UK’s new Conservative-led government facing profound budget challenges (try a $240b deficit on for size), The Telegraph reports that a $30.5m grant approved by the outgoing government could fall victim to an overarching review of new expenditures by the incoming government. And that’s just the beginning…

(Read More…)

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