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?
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.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 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.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 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 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.
The Frontier and the trucks that preceded it always had a good reputation.What does Nissan stand for? Like, what will the average consumer associate Nissan with (except Altima energy, which is really not anything positive)?
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.The Frontier and the trucks that preceded it always had a good reputation.
Why?Think I'll table my plans to buy a Frontier ...
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.The Korean companies have passed 10% of market share now - being I spend allot of time in shipyards - it’s quite visible …
Yep, we had a nice trip to a game reserve ruined (Namibia) when his Pathfinder kept overheating - we changed plans …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.
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.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.
Wait, those are older ones, BOF?Yep, we had a nice trip to a game reserve ruined (Namibia) when his Pathfinder kept overheating - we changed plans …
I think that they only killed off the manual transmission Versa. The cvt version lives on.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'll buy one used but not new if the manufacturer is having such major financial problems.Why?
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.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.
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.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.