Will Nissan be the First Major Car Company Bankrupcy in 12 Months? | NextBigFuture.com
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.
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