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Stock impact report

Nissan sees $5.3 billion loss as restructuring charges mount [Fortune]

Honda Motor Company, Ltd. (HMC) 
Last honda motor company, ltd. earnings: 2/7 03:16 am Check Earnings Report
US:NYSE Investor Relations: world.honda.com/investors
Company Research Source: Fortune
With an aging lineup, Nissan has been discounting its cars in order to avoid building up inventory, eroding profits. Analysts on average were projecting a loss of ¥112 billion, which itself was worse than Nissan's prior outlook for a deficit of ¥80 billion. The even weaker-than-expected results will put increasing pressure on Nissan to find another lifeline after efforts to combine with Honda formally ended earlier this year. That led to the ouster of Chief Executive Officer Makoto Uchida, who's said it will be “difficult to survive” without a partnership of some sort. While Nissan slightly raised its sales forecast late Thursday, the company warned that its net loss could be ¥700 billion to ¥750 billion. “This is primarily due to changes in the competitive environment and deterioration in sales performance,” the automaker said. The company's shares rose as much as 3.1% on Friday as some analysts noted that there has at least been an improvement in the automaker's cash position Show less Read more
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