NEWS: Two unnamed Nissan executives said the company has "12 to 14 months to survive."

Nissan cut more than 9,000 jobs earlier this month, while simultaneously slashing production by nearly 20%. Nissan's operating profit dropped 85% in Q3. https://t.co/t4hr4DiKLQ

— Sawyer Merritt (@SawyerMerritt) November 27, 2024

Anybody have additional insights on what has happened to them? EV related?

Nissan is Japanese for Dodge

GAC06 said:

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Nissan is Japanese for Dodge

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Garrelli 5000 said:

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GAC06 said:

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Nissan is Japanese for Dodge

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Mitsubishi already has that "partnership"

munch96 said:

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Garrelli 5000 said:

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GAC06 said:

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Nissan is Japanese for Dodge

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Mitsubishi already has that "partnership"

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I owned both a Nissan and a Mitsubishi. Makes you think.

The utter failure of their cvt isn't helping.

All the car companies are flailing though. Stellantis has crapped the bed, Ford is scrambling to not get sued by its dealerships and sell it's inventory off at 40% of msrp, Chevy and dodge have crap failing and can't move inventory like Ford, and Toyota has trucks grenadine engines hand over fist.

People need a 15k car option, a 20k truck option, and the average vehicle to be affordable on a 40-50k salary. Instead the carmakers are producing 40-50k vehicles as BASE models and wondering why they're failing.

I had a Toyota salesman call my work phone today by accident. I politely told him what was up, and he still begged to get me in. They're all desperate, and there's just no way the overwhelming majority can entertain the discussion.

Ag_of_08 said:

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The utter failure of their cvt isn't helping.

All the car companies are flailing though. Stellantis has crapped the bed, Ford is scrambling to not get sued by its dealerships and sell it's inventory off at 40% of msrp, Chevy and dodge have crap failing and can't move inventory like Ford, and Toyota has trucks grenadine engines hand over fist.

People need a 15k car option, a 20k truck option, and the average vehicle to be affordable on a 40-50k salary. Instead the carmakers are producing 40-50k vehicles as BASE models and wondering why they're failing.

I had a Toyota salesman call my work phone today by accident. I politely told him what was up, and he still begged to get me in. They're all desperate, and there's just no way the overwhelming majority can entertain the discussion.

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Yes. The 6 figure family SUV is insane. I looked at tahoes lately, and they basically told me to pound sand on any discounts on models less than the high country. With about 200 sitting on the lot

That's what's killing me... they're letting vehicles sit on a lot and rot gor a year or more because they won't talk!

Ag_of_08 said:

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That's what's killing me... they're letting vehicles sit on a lot and rot gor a year or more because they won't talk!

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Much like real estate agents..:they got spoiled in 2021/2022

EV mandates have killed another fine car company. Are you happy libs?

You think about EV's too much

Wonder how this will affect Infiniti. They've just released a 100k SUV as well

Ag_of_08 said:

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I had a Toyota salesman call my work phone today by accident. I politely told him what was up, and he still begged to get me in. They're all desperate, and there's just no way the overwhelming majority can entertain the discussion.

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Six weeks after I bought my truck, the salesman was already calling me to trade it in and get something new. He pestered me nonstop for three months until I blocked his number.

Good lord.

Quote:

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The average Stellantis vehicle sold for over $56,000 in the second quarter, compared with an industry average of about $45,000 this year, according to industry data.

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YouBet said:

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Good lord.

Quote:

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The average Stellantis vehicle sold for over $56,000 in the second quarter, compared with an industry average of about $45,000 this year, according to industry data.

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How much of that was jacked up by 100k grand wagoneers?

I don't know how young families can afford new cars at these prices.
I picked up a 2012 Cadillac crossover for nearly free from an estate. Runs great and looks great.
It's a second car but it would be first if my 2007 diesel truck went out until I found a replacement.

My dad would make fun of folks with nice cars parked in front of junky houses. We had a nice house with older cars in front of them.

Should have stuck with Datsun.

DrEvazanPhD said:

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Ag_of_08 said:

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The utter failure of their cvt isn't helping.

All the car companies are flailing though. Stellantis has crapped the bed, Ford is scrambling to not get sued by its dealerships and sell it's inventory off at 40% of msrp, Chevy and dodge have crap failing and can't move inventory like Ford, and Toyota has trucks grenadine engines hand over fist.

People need a 15k car option, a 20k truck option, and the average vehicle to be affordable on a 40-50k salary. Instead the carmakers are producing 40-50k vehicles as BASE models and wondering why they're failing.

I had a Toyota salesman call my work phone today by accident. I politely told him what was up, and he still begged to get me in. They're all desperate, and there's just no way the overwhelming majority can entertain the discussion.

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Yes. The 6 figure family SUV is insane. I looked at tahoes lately, and they basically told me to pound sand on any discounts on models less than the high country. With about 200 sitting on the lot

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If I'm dropping 6 figures on a SUV, I'm getting the Rubicon 392 so at least I'll get some fun out of it...

Noone can truthfully afford them. People are making it happen, but not nearly as fast as traditionally. The situation really has to give, or the auto industry will self immolate

Covid, supply chain/chip issues, EV mandates, high interest rates, inflation, bad economy/broke Americans

They had a CEO embezzle a huge amount of money and make a few bets on things that didn't work out. Then instead of fixing their product line, they just spent money like a drunken sailor on marketing. Remember the Star Wars commercials with Nissan cars?

The maxima and Altima are no longer comparable with other cars from those segments. They missed hugely on the Titan refresh. So the only thing they have left is a reasonably nice medium size truck, and the new Z car

Ag_of_08 said:

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Noone can truthfully afford them. People are making it happen, but not nearly as fast as traditionally. The situation really has to give, or the auto industry will self immolate

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Auto interest rates are pretty rough too. Financing a 100k ride at 6%?

**** that

DP

DrEvazanPhD said:

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YouBet said:

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Good lord.

Quote:

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The average Stellantis vehicle sold for over $56,000 in the second quarter, compared with an industry average of about $45,000 this year, according to industry data.

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How much of that was jacked up by 100k grand wagoneers?

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Or by a bunch of crap and features that nobody needs outside the service department to charge you a 1k to restart the software.

Yeah, I had the GMC place calling me almost every day.
Told them there was no way I was buying a vehicle at 6-8% APR. Especially since they don't want to deal on prices and the other dealerships nearby are running 0 - 1.9%.

I will say that I sat in the 2025 Armada at a car show last weekend, and that has to be the absolute most comfortable seat I've ever been in. But I know that when those hit the dealership, they're probably going to be in the realm of Tahoe / Yukon pricing now.

I was recently in the market for a midsize truck. Everyone and their dog said to only consider the Nissan Frontier and the Toyota Tacoma. But both felt so terribly dated inside, offered little in premium trims to offset it, and lacked the performance of the Colorado. So I went with the Colorado. Seems both Toyota and Nissan have really slipped across all models the past 5 to 10 years.

12 to 24 months?? Dat soon?

Too big to fail

Id rather have a "dated" interior than a piece of overpriced junk.

GAC06 said:

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Nissan is Japanese for Dodge

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N eed
I
S ay
S omething
A bout
N othing?

Aggie95 said:

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Too big to fail

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Bond holders going to get screwed?

I'm old enough to remember when Nissan went by Datsun.

Ag_of_08 said:

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The utter failure of their cvt isn't helping.

All the car companies are flailing though. Stellantis has crapped the bed, Ford is scrambling to not get sued by its dealerships and sell it's inventory off at 40% of msrp, Chevy and dodge have crap failing and can't move inventory like Ford, and Toyota has trucks grenadine engines hand over fist.

People need a 15k car option, a 20k truck option, and the average vehicle to be affordable on a 40-50k salary. Instead the carmakers are producing 40-50k vehicles as BASE models and wondering why they're failing.

I had a Toyota salesman call my work phone today by accident. I politely told him what was up, and he still begged to get me in. They're all desperate, and there's just no way the overwhelming majority can entertain the discussion.

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They might be desperate but the prices don't reflect it. There are no 40% off MSRP deals going on. Unless you can link me to something, that is outright fantasy.

Ag_of_08 said:

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Id rather have a "dated" interior than a piece of overpriced junk.

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The 2.7 GM is proven now and a hell of a motor. Hardly junk, and far better than the Tacoma's disaster in their re-design. Again, things have changed in 5-10 years.