Quote:
Originally Posted by calgarygeologist
Maybe it is just a timing issue? The job cuts come at a time when they slashed their expectations for profitablity by 70%, indicated that they would cut global production by 20% and cut their CEO pay. This doesn't really sound like politically motivated maneuvering but rather a ####ty business that is looking to improve their balance sheet.
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Nissan has been on a downward trend since Renault took them over.
Volkswagen announced they're closing 2 plants and slashing a lot of jobs the week prior to the election.
Global demand for new vehicles is weak and isn't going to get any better with a lot of the world in a bad spot demographically.
Nissan is a company that actually has a pretty significant amount of their vehicles made in the U.S. already. Tariffs or no tariffs...auto manufacturers don't have a great outlook.