Nissan latest - Asking suppliers to pause payments..

I'm wondering how much it'll affect Mitsubishi, don't they share some engines and components?
How long can Nissan suppliers survive without getting paid?
 
I'm wondering how much it'll affect Mitsubishi, don't they share some engines and components?
How long can Nissan suppliers survive without getting paid?
The suppliers are getting paid. It was completely voluntary - extend terms for more money - so basically vendor financed. Its actually not all that uncommon. In fact back in the day the legacy 3 would simply cram it down suppliers throats whether they liked it or not. Now the suppliers have consolidated and are as big as the OEM's so they don't take it anymore likely.
 
No doubt Nissan has financial problems. But the headlines are as usual quite exaggerated.

The $11B is a one time write down on Nissan shares Renault owns - which have been down literally for years. They finally decided to take the loss on their books, after years of decline. Was likely a bad quarter for them - or they needed a distraction anyway.

As for the suppliers - Nissan is asking suppliers to take a higher payment at a later date. So there asking there suppliers to provide credit essentially. I wouldn't take the deal, but maybe some will - who knows all the parts manufacturers are likely hurting due to the low vehicle sales volume this year to date.

So its really all old news - Nissan has cash flow problems.
I wonder if Nissan had built more entry level vehicles if that would have helped their cash flow as so many vehicles now are bonkers expensive on the low end. An article a while back highlighted how when the Ford Mustang came out a teacher in her first year of teaching was able to afford a new Ford Mustang. Oddly enough she was shown the Mustang several days before the official reveal which wasn't supposed to happen.
 
I wonder if Nissan had built more entry level vehicles if that would have helped their cash flow as so many vehicles now are bonkers expensive on the low end. An article a while back highlighted how when the Ford Mustang came out a teacher in her first year of teaching was able to afford a new Ford Mustang. Oddly enough she was shown the Mustang several days before the official reveal which wasn't supposed to happen.
I understand that they cancelled the Versa, which is exactly the kind of affordable car you are talking about. I had. Rental for a week, and it wasn’t too bad for a basic car.
 
The Frontier and the trucks that preceded it always had a good reputation.
I mean people buy Toyota bcs. perceived reliability. They had to change engine, some twice, but they still talk how it is the most reliable truck. Whatever.
American manufacturers are known for V8 and trucks. Are their truck best or V8, it is questionable, to say the least.
Koreans are still trying to play newcomers, that good ROI.
Honda is that bit sportier Toyota, yeah some issues, but generally people associate reliability with it.
Mazda is like: we are Japanese guys too, just not ones where you want to cut your throat while driving from boredom.
Europeans are: yeah, we are more complex, but hey, remove limiter and you can go 200mph in 4 door sedan. Far from hay days of M3 E46, but image is still there.
And then Nissan? I mean, yeah some trucks were ok (Frontier). X-Terra was very popular. No more. Gone! 350/370 had their followers. Now there is Nissan Z, but I have never seen one. It seems like a flop and that could be bcs. there is really nothing to associate Nissan with.
 
The Korean companies have passed 10% of market share now - being I spend allot of time in shipyards - it’s quite visible …
They hit the nail with Palisade/Telluride. On other hand previous generation Pathfinder was absolutely horrible vehicle. And might be one of the reasons why they are in this pickle.
 
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They hit the nail with Palisade/Telluride. On other hand previous generation Pathfinder was absolutely horrible vehicle. And might be one of the reasons why they are in this pickle.
Yep, we had a nice trip to a game reserve ruined (Namibia) when his Pathfinder kept overheating - we changed plans …
 
I understand that they cancelled the Versa, which is exactly the kind of affordable car you are talking about. I had. Rental for a week, and it wasn’t too bad for a basic car.
The Sentra can be had for around $20K. No one buys them. Everyone says they want a cheap car, but they never sell. H/K, mits and other manufacturers have offered them over the years, but the buyers never come.
 
Yep, we had a nice trip to a game reserve ruined (Namibia) when his Pathfinder kept overheating - we changed plans …
Wait, those are older ones, BOF?
I am talking about that ugly, horrid thing they were making until a few years back that looked like a Renault-designed station wagon on an Altima platform.
I barely see any of them anymore, probably all CVT's died.
 
Nissan caters to buyers that either can’t get financed elsewhere, or those that sort by lowest price.

Those buyers don’t expect much. But, when someone is buying a $50K+ vehicle like a Titan or Armada they expect a better experience. And this is where they fall short. I’d say most car dealers suck but from my experience Nissan dealers are the worst of the worst.

And even when they do something decent, they find a way to screw it up. The Nissan Leaf should have had liquid cooling and transitioned to the CCS port when they refreshed/restyled it, but they didn’t. The Ariya? lol they spent all the money making the center console slide back and forth with an electric motor and forgot to spend a few bucks developing good software for it. So while they moved on EVs pretty early they now make the worst EVs in the industry… well except for maybe the BZ4x/Solterra, but those are getting updated every model year… ToyoBaru realized they screwed up and are fixing it albeit slowly.
 
I understand that they cancelled the Versa, which is exactly the kind of affordable car you are talking about. I had. Rental for a week, and it wasn’t too bad for a basic car.
I think that they only killed off the manual transmission Versa. The cvt version lives on.
 
An article a while back highlighted how when the Ford Mustang came out a teacher in her first year of teaching was able to afford a new Ford Mustang.
That was sixty years ago. Now, the young teacher wants a big SUV, and will finance it for 96 months or whatever to get it. Small, inexpensive and/or entry-level cars just don't sell like they used to.
 
That was sixty years ago. Now, the young teacher wants a big SUV, and will finance it for 96 months or whatever to get it. Small, inexpensive and/or entry-level cars just don't sell like they used to.
Around here, the young teachers do some 8 year financing on a slightly used Corolla Cross or H/K, then there under water for the next 8 years, and when there done the car is spent and the cycle repeats.

Most leave teaching within a few years anyway. They can make more money selling insurance or whatever.

Wife is a teacher. I hear all the stories.
 
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