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Nissan slashes profit outlook after sales slide, says more restructuring needed

Nissan slashes profit outlook after sales slide, says more restructuring needed

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  1. This is the best tl;dr I could make, [original](https://www.reuters.com/article/us-nissan-results/nissan-slashes-profit-outlook-after-sales-slide-says-more-restructuring-needed-idUSKBN2070UE?il=0) reduced by 75%. (I’m a bot)
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    > YOKOHAMA – Nissan Motor Co on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn.

    > The dismal outlook comes after Japan's No. 2 automaker posted its first quarterly net loss in nearly a decade, and contrasts with upbeat forecasts from rivals Toyota Motor Corp and Honda Motor Co. "We are making progress, but sales volumes have been weak so we need to do more restructuring than initially planned," Makoto Uchida, Nissan's new CEO and its third since September, told reporters.

    > In China, the world's biggest auto market, sales slipped 0.6%. It now expects to sell 5.05 million vehicles for the entire year, which would be its weakest sales performance since 2013.

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    [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/f38xx3/nissan_slashes_profit_outlook_after_sales_slide/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~467986 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **Nissan**^#1 **sales**^#2 **yen**^#3 **vehicle**^#4 **year**^#5

  2. Late 2000s BMW and Mercedes going for 3-10k car markets can’t do shit. Yea sure I want to buy the fuckin 2016 Altima for 14k yea right bro I took that 300hp N54 for $7000 cash.

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