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07-28-2020, 06:57 AM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Nissan (https://www.autoblog.com/nissan)
https://o.aolcdn.com/images/dims3/GLOB/crop/3548x1996+0+204/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-07/502645a0-d0cd-11ea-bfad-f60160c4aecf Adding to expected losses is a likely deterioration in Nissan's sales financing business as cash-strapped customers struggle to make lease payments, while underutilised factories are also burning through cash. "The market outlook remains uncertain and we may see a further deterioration in demand due to a possible second wave of the pandemic," Chief Executive Makoto Uchida told a livestreamed briefing.Continue reading Nissan warns of record annual loss as pandemic hits its turnaround attempt (https://www.autoblog.com/2020/07/28/nissan-warns-of-record-bad-year/)
Nissan warns of record annual loss as pandemic hits its turnaround attempt (https://www.autoblog.com/2020/07/28/nissan-warns-of-record-bad-year/) originally appeared on Autoblog (https://www.autoblog.com) on Tue, 28 Jul 2020 08:27:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/07/28/nissan-warns-of-record-bad-year/) | Email this (https://www.autoblog.com/forward/2253029/) | Comments (https://www.autoblog.com/2020/07/28/nissan-warns-of-record-bad-year/#comments)
More... (https://www.autoblog.com/2020/07/28/nissan-warns-of-record-bad-year/)
https://o.aolcdn.com/images/dims3/GLOB/crop/3548x1996+0+204/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-07/502645a0-d0cd-11ea-bfad-f60160c4aecf Adding to expected losses is a likely deterioration in Nissan's sales financing business as cash-strapped customers struggle to make lease payments, while underutilised factories are also burning through cash. "The market outlook remains uncertain and we may see a further deterioration in demand due to a possible second wave of the pandemic," Chief Executive Makoto Uchida told a livestreamed briefing.Continue reading Nissan warns of record annual loss as pandemic hits its turnaround attempt (https://www.autoblog.com/2020/07/28/nissan-warns-of-record-bad-year/)
Nissan warns of record annual loss as pandemic hits its turnaround attempt (https://www.autoblog.com/2020/07/28/nissan-warns-of-record-bad-year/) originally appeared on Autoblog (https://www.autoblog.com) on Tue, 28 Jul 2020 08:27:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/07/28/nissan-warns-of-record-bad-year/) | Email this (https://www.autoblog.com/forward/2253029/) | Comments (https://www.autoblog.com/2020/07/28/nissan-warns-of-record-bad-year/#comments)
More... (https://www.autoblog.com/2020/07/28/nissan-warns-of-record-bad-year/)