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Nissan unveils UK battery gigafactory
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Nissan unveils UK battery gigafactory as electric drive accelerates
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Nissan unveils UK battery gigafactory as electric drive accelerates
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Nissan hopes to break even, but chip shortage hampers its rebound Autoblog 2 days ago Reuters
TOKYO - Nissan expects to break even this business year, defying expectations for a return to profitability, as the global chip shortage curbs the car maker s recovery from a record annual operating loss.
Research
Volvo The fiscal year 2020 was a year dominated by the COVID-19 pandemic and impacted by multiple factors including growth of environmental awareness and political as well as economic changes, said Chief Executive Makoto Uchida.
The forecast by Nissan, Japan s No.3 carmaker by sales, to break even for the year that began April 1 was lower than a 241.7 billion yen ($2.23 billion) profit predicted by SmartEstimate.
Japan s Nissan Motor Co, which is racing to lift margins and curb costs amid slowing sales, showed off a redesigned version of its X-Trail model on Monday and announced a green car strategy for China at the Shanghai auto show. The redesigned X-Trail sport-utility vehicle (SUV) was on display after a similar SUV called the Rogue hit the U.S. market last year. The new X-Trail will be available in China this year. The new car is powered by a fuel-sipping three-cylinder, petrol-powered turbo engine. One source said it might face an uphill battle finding buyers in China where similar technologies have proved unpopular. Another source said the vehicle was a must succeed, a must win car for us.