Nissan on Friday reported its net profit dropped by 42.8 percent from the same time period last year, largely due to an increasing yen and the falling value of leased vehicles. The net profit is now 52.8 billion yen ($505 million), with sales that were also reduced by 4.1 percent to $22.4 billion.
“We have identified the major risks and taken actions to address them, particularly in the U.S. market,” said Chief Executive Carlos Ghosn in a statement, as per a Detroit News report. Despite the lower demand in the U.S. and in its home market, where Nissan is the third-largest automaker, the company remains on-track to post a profit of 340 billion yen ($3.3 billion) in the fiscal year, ending March 2009.
Globally, Nissan sold 6.9 percent more vehicles than in 2007, totaling 936,000. U.S. sales accounted for 253,000 units, representing a 1.5 percent drop from the previous year in a market that fell overall by 12 percent during the quarter.



08/01, 1:51 PM
posted by:
crackerhemi
At least they still made some profit.
Their 2009 models should be a lot better; at least in terms of Infiniti. Their 7 speed automatic is making their way into most of their cars, which should increase their gas mileage.
08/01, 1:53 PM
posted by:
ktulu
At least they still made some profit.
08/01, 1:56 PM
posted by:
MyG35
Nissan need to address the issue of having more small displacement engines….< 1.8 l … Get the 7 speed in the M and may be a 4 cyl Infiniti ??
08/01, 1:57 PM
posted by:
ihustle
HAHAHA this is great. Guess the foreign brands are feeling the wrath of americas economy.
08/01, 2:14 PM
posted by:
RaineMan
The world does not need another 4-cyl Infiniti. The G20 was a joke. I don’t want to see a dressed up Sentra selling for $5000 more than it should.
What I would like to see is a Turbo-4 powered Z. A low option model with no leather selling for $23k. That would get a lot of people who want a sporty coupe but like good mileage too.
08/01, 2:20 PM
posted by:
johnnycanuck
Wait until they get that re-skinned Dodge Ram into the lineup. They’ll have to pull some long beds off the line just haul those profits away.
08/01, 2:20 PM
posted by:
crash1433
Wait a minute. ford an gm release a statement about losses due to falling residual values tied to their leases and everyone is up in arms about how domestics don’t hold thier value and poor build quality blah blah blah… Now nissan says the same thing. huh… maybe its tied to the entire market not just domestics. I can’t wait to hear the excuses from the import humpers on this one.
08/01, 2:26 PM
posted by:
tripleonefive
Well I dont see Honda or Toyota having this issue. Nissan is French they are owned by Renault. Also Im sure the resale is greater
I rented a Nissan Murano last weekend and it was heaven to drive Almost perfect with the exception of it could have had more cargo room but otherwise a great vehicle
08/01, 2:29 PM
posted by:
fuk-u-asshole
nissan is not owned by renault. it is an alliance 50/50
08/01, 2:31 PM
posted by:
fuk-u-asshole
and the G20 was not a dresses up sentra. It was based on the MK II EURO primera. that had one of the best fwd chassis dynamics.
08/01, 2:34 PM
posted by:
xyunya
We can smirk all we want about Nissan, but company reflective of its management. Ghosn resurrected Nissan from the grave and runs now both Renault and Nissan. And slump US economy hurts Nissan, like ANY business. But overall, you can’t compare Ghosn’s acumen and Ford/GM ineptness. Do you people believe Lutz can tie his shoes using his own intellect? What paper bag will confuse directional ability of Bill Ford ?
08/01, 2:35 PM
posted by:
global_lightning
That ‘turbo-4 Z’ is the planned 200SX. They can’t get it here soon enough
08/01, 2:36 PM
posted by:
xyunya
…and Renault owns 44% of Nissan, according to corporate papers.
08/01, 2:51 PM
posted by:
tripleonefive
were is Toyota and Honda’s 44% French ownership Mr Corporate Papers ? Nissan is japo french company. They are way better than GM but not better than Honda & Toyota
08/01, 2:53 PM
posted by:
monte
I drove two different murano’s about a month ago, they handled like steamboats and the CVT transmission felt like crap. Also one had a tire monitor system problem on the lot and the tires were not low.
08/01, 2:58 PM
posted by:
fuk-u-asshole
monte you are a bull****ter
08/01, 3:24 PM
posted by:
shaver
1115: Your mom rented you a Murano for prom? Did your cousin, I mean date let you drive?
08/01, 4:03 PM
posted by:
ihustle
*Fuk* Monte also said he came to my dealership. He lives in the world of make believe HAHAHAHA
08/01, 4:30 PM
posted by:
xyunya
Christopher, he did enough to pin point you. It’s Friday should you be selling used cars? Or no one visiting?
08/01, 6:01 PM
posted by:
ihustle
haha pin point? I admit where i work. No shame, remember. Aww still sticking up for your boy toy, cute, real fuc*in cute.
08/01, 6:27 PM
posted by:
monte
ibot, I never ever said I came to your dealer, find me the post.
.
And to fuk-u-asshole, why am I a bull****ter? Because you don’t agree with me. I drove the two murano’s a day after I drove a Torrent GXP. It handled loose and leaned around turns like it was too heavy for it’s own good. And to be more specific about the trans, I thought the murano would have better acceleration being right at peak power with the CVT, but it just hung there forever, and when you drove it normally, it did not give me any confidense in that ride.
08/02, 8:24 AM
posted by:
ihustle
My bad it was chester.*Monte* FYI that cvt slows down acceleration. I KNOW THIS FOR A FACT. Ford introduced it on there freestyle and it lasted two years before complaints about its acceleration made them change back to the 5 speed transmition. So again you have NO IDEA WHAT YOUR TALKING ABOUT, buttttttttt what else is new
08/02, 11:23 AM
posted by:
DeansterTJ
Is this the new thing, blaming losses on poor resale value after cars come off their lease? Seems everyone wants to blame an outside variable instead of just admitting that the MURANO LOOKS LIKE A GAY CROSS-EYED ALIEN TRANSEXUAL.
08/02, 4:19 PM
posted by:
gbb
I guess the gays are holding off on buying cars also.
08/02, 5:17 PM
posted by:
t-ak-box
I just heard on the Today Show that Nissan had record sales due to their Crossover. i guess you can’t believe everything you hear on TV these days. i guess the Cube and Z can’t come fast enough for them.
08/02, 10:26 PM
posted by:
beatusmongous
Tackle box, I don’t think the Cube is going to help Nissan that much. I sort of like it, but nearly everyone else I have asked has said they would never buy one because of the way it looks. The Z will help, but I think the Maxima and the Altima has more effect on their lineup than anything.
08/03, 5:01 PM
posted by:
fuk-u-asshole
MONTE a torrent GXP. that tacky POS. ****ing cheap ****. the only problem the murano has is the front , its ****ed up. I know the facelift model will more than fix that.
as for the torrent **** it needs a complete overhaul of everything
08/03, 5:30 PM
posted by:
monte
ihustle, reread my post, I said it made it accelerate slower, so you would be agreeing with me.
08/04, 8:32 AM
posted by:
ihustle
read it wrong my bad. Seamless shifts are a great idea, but when you have to surrender your acceleration, there is really no point.
08/04, 10:31 AM
posted by:
monte
The CVT in the saturn vue was just as bad, but at least you could opt for a regular 4 speed auto or 5 speed manual.
08/04, 11:53 AM
posted by:
Buhbye
Loss reports are just around the corner for Nissan. Dump your stock now.
08/04, 12:00 PM
posted by:
Buhbye
Oops! Toyota just dropped $2.45, and Honda lost $1.60. Nissan went up $.19, Ford up $.12
Sorry for all you fine Americans who bought Toyota at $125.00, now at $82. So sad you trusted them.