The Net Profit of Auto Giants Down in 2009

Currently, the auto giants in the world is facing a very difficult time. Nissan made an operating loss of 230.4 billion yen ($2.4 billion). For the year to next March, Nissan forecasts an operating loss of 100 billion yen, less than a consensus forecast for a 239 billion yen loss. It expects a full-year net loss of 170 billion yen.

 

Suzuki also predicts its net profit of this year. It forecasts 87 percent drop in profit for the current year. Toyota forecasts a bigger-than-expected $8.6 billion annual loss and says it will sell about 1 million fewer vehicles this year, leaving it, too, desperately trying to cut costs.

 

News also from Nission releases that Nissan aims to beef up its light commercial vehicle (LCV) business, where it will soon launch the NV200 van, and premium Infiniti line to pick up the slack.

 

Related China Bus News

• BYD Delivers 100 Units of 12-Meter Electric Buses to Uruguayan Operator CUTCSA 09-26
• Ankai Bus: High Standards Escort World-Class Event 09-26
• Zhongtong H12 High-end Tourist Bus Officially Delivered to Jilin 09-25
• Ankai Empowers Smart Mobility with Innovative Technology 09-24
• Visiting Invitation: China Buses Expo 2024 in Shanghai China 09-20
• Foton eVIEW GRAND World Debut in Saudi Arabia 09-20
• Higer Bus Shines at the IAA Transportation 2024 in Hannover 09-19
• Zhongtong H13E Debuts at the 2024 IAA Transportation in Hannover 09-19
• First Appearance of Higer Bus at the IAA TRANSPORTATION 09-14
• Consul General of Australia in Shanghai Visits Bonluck Bus Company 09-14
• Shudu Bus Delivers 100 Buses to Nigeria 09-14