Where can I find the latest Nissan news?
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Why is Nissan going through a sales downturn?
Buzzwords aside, this move is Nissan’s response to not only its own slumping sales figures but also an industry-wide downturn after a momentous decade of growth and positive cash flow. The auto industry as a whole is beginning to watch as consumers realize that they’ve had their fill—especially with new car sales not doing so hot right now.
Why did Nissan have a bad year 2019?
According to CNBC, this downward trend means that manufacturers exited 2019 with one of the worst sales years since the 2008 recession. Restructuring is a sign that Nissan is looking to resize its company to a more appropriate proportion aligned with its current sales figures, a number which drooped nearly 10 percent last year.
How much money do Nissan dealers get audited?
Nissan’s National Dealer Advisory Board has received complaints from members stating that they’ve been issued demands from the manufacturer to repay amounts of up to $140,000. Many have also said the audits are not triggered by suspicious sales or warranty claim activity and appear predatory in nature.
What is the situation of Nissan in Japan?
YOKOHAMA, Japan — Nissan, the Japanese automaker lashed by slowing growth abroad and management scandals at home, reported on Tuesday the latest bad news in a very difficult year: Its profit has continued tumbling, and the situation is expected to get worse.
What was the problem with Nissan under Ghosn?
But some of Nissan’s problems are self-inflicted. Under Mr. Ghosn, the company focused on expanding its share of the American market by aggressively discounting its vehicles and increasing fleet sales — a strategy that rankled dealers and, Nissan now says, undermined its brand.
According to CNBC, this downward trend means that manufacturers exited 2019 with one of the worst sales years since the 2008 recession. Restructuring is a sign that Nissan is looking to resize its company to a more appropriate proportion aligned with its current sales figures, a number which drooped nearly 10 percent last year.
Why was Nissan’s profit so bad last year?
The results show the long path ahead for Nissan as it tries to simultaneously navigate an industrywide slump in global auto sales and emerge from a damaging series of events that began a year ago with the detention of its leader at the time, Carlos Ghosn, on suspicion of financial wrongdoing.