Executive Summary
- •Nissan reversed last year’s massive loss, reporting a 3.8B yen net profit on a 9.5% revenue bump to 2.96T yen.
- •Despite the bounce back, the automaker slashed its full-year sales target to 3.15M vehicles.
- •Chinese automakers dominating the EV space are hammering Nissan in China, while the ongoing Iran conflict has functionally closed the Strait of Hormuz, choking off exports to the Middle East.
Community Sentiment
Key Developments & Data
Nissan swings to a $24M Q1 profit but cuts its global sales forecast as geopolitical chaos and Chinese EVs bite.
Nissan reversed last year’s massive loss, reporting a 3.8B yen net profit on a 9.5% revenue bump to 2.96T yen.
Despite the bounce back, the automaker slashed its full-year sales target to 3.15M vehicles.
Chinese automakers dominating the EV space are hammering Nissan in China, while the ongoing Iran conflict has functionally closed the Strait of Hormuz, choking off exports to the Middle East.
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