Will Nissan be the First Major Car Company Bankrupcy in 12 Months?

Views: 3595

Renault is selling its 36% share of Nissan and without a new major investor Nissan will go bankrupt in 12-14 months.

At its news conference, Nissan’s Chief Monozukuri Officer (Head of Manufacturing) Hideyuki Sakamoto described major cost cutting moves.

Nissan’s current plan is to reduce the operational maximum capacity of these 25 production lines by 20 percent. They will cut $3 billion by drastically reducing its Mitsubishi share and cutting 9,000 from its global headcount of over 133,000 employees.

Key issues at Nissan:

A 99% plunge in operating profit last quarter Five consecutive months of declining sales Poor performance in key markets like the U.S. and China

Other At-Risk Car Companies Several other automakers are facing significant financial pressures that could lead to bankruptcy:

Fisker: Recently filed for Chapter 11 bankruptcy protection after failing to secure new investment

Infiniti: Facing extremely low sales and potential discontinuation

Buick: Struggling with declining sales and may be at risk of being discontinued

Jaguar: Has discontinued its entire model lineup for 2025 except for one SUV, raising concerns about its future

Stellantis Brands: The parent company of Jeep, Chrysler, Dodge, Ram, Maserati, Alfa Romeo, and Fiat is described as facing significant challenges, including quality issues, recalls, and plummeting profits

Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.

Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.

A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.

Read More Origin Source … Read More