Possible GM alliance mate Nissan today posted a worse-than-expected 26 percent slump in quarterly operating profit as global sales slumped. Nissan is expected to be the lone Japanese automaker to report an April-June profit fall. Analysts blame the disappointing results mostly on an empty product pipeline. A new Infiniti G35, Nissan Altima, and Nissan Sentra won’t arrive until later this year. Net profit rose 4.2 percent from the year-ago quarter when earnings fell sharply on one-off losses related to changes in accounting standards.
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07/25, 12:44 PM
posted by:
TurboMoe
Lone Japanese automaker to not make a profit? How about Mitsubishi? I heard that if they don’t sell enough cars this year, they’re pulling out of the U.S. market entirely? I don’t know though, it may be a rumor…
07/25, 12:57 PM
posted by:
Carlos
No no, Nissan DID make a profit, just that it was less than last year (and less than they expected).
Mitsubishi’s cashlow improved compared to last year (from bad to mediocre?) and all the other Japanese companies here also saw an increase in profits compared to last year.
07/25, 12:57 PM
posted by:
blitzkrieg79
Actually Mitsubishi has cut down the expense costs as well as fleet sales this year and they are on the border of going back to profitability, they will be fine considering that they will release the new Outlander soon and the new Lancer/Lancer Evo X which are really promising cars.
07/25, 1:03 PM
posted by:
zan
It is not that they did not make a profit they just did not make as much as they told investor they would make. It hurts stock value when you say you will make a specific amount and you fail even if you still make a lot of money.
07/25, 1:59 PM
posted by:
Barry
I would still pick a Bimmer over a G35 coupe. Still no comparison. My brothers 184hp 2004 325ci brings more smiles to my face than my 240hp Honda S2000. I’ve got damn near 60 hp on him too.
07/25, 2:20 PM
posted by:
GM number1-4ever
Nissan is falling apart? hahahahahaha good job guys. Meanwhile, it appears GM’s renaissance is gaining steam per the thread above (Michigan). And GM was thinking about being partners with these losers?
I’m grinning from ear to ear over this. Its a given that people prefer GM products anyways, just look at the Michigan thread above. Down with Nissan, go GM!!!
07/25, 5:17 PM
posted by:
stuart
Yesterday you LLN also said that general motors sales were considerably down year to year. Still laughing now
07/25, 7:20 PM
posted by:
Pruce
What are you talking about Gm number1-4ever? Nissan isn’t falling apart. Once their new models come out, sales will be just as good as before, if not better.
People actually look forward to their products and wait for them to come out to buy them.
It’s people like you who make lots of us look down on GM. it’s almost as if you can’t take a car company seriously if they have such a stupid group of fans!
07/25, 11:57 PM
posted by:
Chris
I don’t think Nissan will have such a great profit at ALL compare with last year beacause they will not get away with the CVT trasns they put in all 2007 models. CVT cars they are NO fun to drive. If you don’t believe me, try it. Maxima 07 now has 255hp compare 265hp 2006 model, what a joke. 07 models got great face lift but CVT trans…NO WAY.
07/26, 2:02 AM
posted by:
VegasBoy
Will there also be a “new” G35 coupe arriving later this year in addition to the “new” G35 sedan?
07/26, 2:16 AM
posted by:
Anonymous
Nissan does not know how to make trucks. Their titan is joke compared to a GM. Japanese do not know how to make trucks, that is why GM is still selling alot of trucks. Quit buying Japanese cars and support GM!
07/26, 7:14 AM
posted by:
Carnut4ever
I still think that the benchmark American truck is the Ford F series. GM’s last generation Silverado looks okay from the exterior but the interior is pure trash basket plasticky stuff. I don’t know about the new Silverado but Nissan’s Titan looks more contemporary than the boxlike Silverado. And yes, the new Silverado looks too much like the old one- still boring to look at.
07/26, 8:02 AM
posted by:
Lucas
As much as I would love post about my $15,000, 2006, 500 hp, 40 miles to gallon, retro inspired RWD Chevelle I CAN”T. I find hard to support GM in GM vs Nissan debate when most of GM latest stuff looks like Nissan anyway. The 2007 Silverado looks like the current Titan. Wish American auto makers made better stuff and stop copying Japan.
07/26, 12:27 PM
posted by:
Tom
With utter rubbish cars like G35, FX35/35, M35/45; good luck to Nissan!
07/26, 12:47 PM
posted by:
Dean
“Chris” … wow, you can notice the 10 hp difference in a 260 hp car?
“Tom” … you’re a loser. “GMrules” copycat.
07/26, 1:08 PM
posted by:
A non E mussssss
Nissan will be a victim of the American Revolotion… One of many to fall, die, go out of business, whatever. GM has your number
07/26, 2:18 PM
posted by:
Zach
GM is okay but the Z06 will never touch the GT-R … In 08 it’s all over. You’ll see lines of people at Nissan dealers with moist pants.
07/27, 1:58 AM
posted by:
Chris
“Tom” … when you make such a lousy comment that you don’t feel 10hp difference, you are right, for the average driver (witch I’m sure you are) and most people, this will pas by unnoticed. If you have the feel for details and quality(I’m sure you don’t Tom) most people will notice the 07 model has less power compare with 06 model. Read other forums and see how others will disagree with your lousy comment Tom.
07/27, 12:43 PM
posted by:
Bill
#18 – The difference in HP is due to the new SAE standard, not an actual drop in HP.