Jump to content
News
Reviews
Discussons
Activity
Create New...
Close

  • 💬 Join the Conversation

    CnG Logo SQ 2023 RedBlue FavIcon300w.png
    Since 2001, Cheers & Gears has been the go-to hub for automotive enthusiasts. Join today to access our vibrant forums, upload your vehicle to the Garage, and connect with fellow gearheads around the world.

     

  • Drew Dowdell
    Drew Dowdell

    By Drew Dowdell •

    Rumorpile: Is Nissan Preparing to Announce Huge Job Cuts?

      ...as profits plummet, job huge job cuts could be coming...

    Rumor has it that that Nissan is about to report that its first-quarter profit fell by nearly 90%. Nissan has yet to recover from the financial scandal caused by Carlos Ghosn.  Additionally, years of chasing volume over profits in the U.S. has damaged the brand, requiring heavy discount and cheap financing to move metal. Investors are also worried that the alliance with Renault is breaking down.  Friction with France's Renault over the failed merger with Fiat-Chrysler Automobiles has brought tensions between the two companies to an all-time high.

    Reports are that due to the falling profits, Nissan will be cutting up to 10,000 jobs, primarily in Asia and South America.  In doing so, Nissan would join the ranks of Mercedes-Benz, Ford, Honda, and others with global layoffs in the five digit range. Nissan/Infiniti sales in the US are down 8.9 percent year to date as of June. 

    Go to articles

    User Feedback

    Recommended Comments

    G. David Felt

    Welcome to the global recession start. Expect job cuts in many countries world wide of basic worker assembly line jobs to manual labor day jobs. 

    Time for the world to take a break and focus on reduction of debt. This is going to hurt many.

    • Agree 1
    Link to comment
    Share on other sites
    riviera74
    3 hours ago, dfelt said:

    Welcome to the global recession start. Expect job cuts in many countries world wide of basic worker assembly line jobs to manual labor day jobs. 

    Time for the world to take a break and focus on reduction of debt. This is going to hurt many.

    A LOT of companies can stand to reduce debt, especially financial ones.  Our Government(s) too could stand a debt diet.

    Link to comment
    Share on other sites
    riviera74
    7 hours ago, daves87rs said:

    Would suck for sure. Wanna see them recover and keep fighting here....

     

    It is the start of very tough times for all....

    They would need to improve their infotainment systems (especially at Infiniti) first.

    As for the question posed: Absolutely they will announce big job cuts.  Shareholders are never satisfied until all revenue = profits.

    • Agree 1
    Link to comment
    Share on other sites
    Drew Dowdell

     

    17 hours ago, loki said:

    the best thing they have is the VC turbo....and the seats?

    I wasn't that impressed with the VC Turbo, but it's main claim to fame is that it's supposed to get really good fuel economy when cruising but greater power when accelerating hard. I didn't get enough time with it to test that. 

    Link to comment
    Share on other sites
    G. David Felt

    BBC is reporting that Nissan has finalized the cuts as 12,500 jobs globally on top of assembly plant closures. 6,400 lay offs have already happened at eight locations. The rest will be done by the end of the year. They also plan to shed an additional 6,100 global jobs between 2020 and 2022 at six additional locations.

    https://www.bbc.com/news/business-49109307

    This is in addition to reporting a 94.5% drop in net profit for Q1 of 2019, worst in decades. UK Sunderland is hoping to avoid job cuts but Nissan has announced that the new X-Trail auto will be built in Japan and exported rather than in the UK due to the Brexit uncertainty.

    Link to comment
    Share on other sites
    Drew Dowdell
    18 minutes ago, dfelt said:

    BBC is reporting that Nissan has finalized the cuts as 12,500 jobs globally on top of assembly plant closures. 6,400 lay offs have already happened at eight locations. The rest will be done by the end of the year. They also plan to shed an additional 6,100 global jobs between 2020 and 2022 at six additional locations.

    https://www.bbc.com/news/business-49109307

    This is in addition to reporting a 94.5% drop in net profit for Q1 of 2019, worst in decades. UK Sunderland is hoping to avoid job cuts but Nissan has announced that the new X-Trail auto will be built in Japan and exported rather than in the UK due to the Brexit uncertainty.

    Yes, It's in my report above. 

    • Thanks 1
    Link to comment
    Share on other sites


    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

    ×



  • Support Real Automotive Journalism

    Cheers and Gears Logo

    Since 2001, Cheers & Gears has delivered real content and honest opinions — not emotionless AI output or manufacturer-filtered fluff.

    If you value independent voices and authentic reviews, consider subscribing. Plans start at just $2.25/month, and paid members enjoy an ad-light experience.*

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • oldshurst442
      Random Thoughts Thread

      By oldshurst442 · Posted

      https://www.cbc.ca/news/canada/windsor/lasalle-police-illegal-border-crossing-us-kayak-rcmp-windsor-1.7602298   https://www.ctvnews.ca/windsor/article/lasalle-officer-thwarts-attempted-illegal-entry-into-canada/   A routine property check turned into a surprising discovery early Wednesday morning, according to police. Shortly before 1:00 a.m., a LaSalle police officer checking a commercial property on the 1800 block of Front Road spotted a man at the water’s edge of the Detroit River with two backpacks and a kayak. Investigators say the 51-year-old U.S. citizen was attempting to illegally enter Canada. He was detained and handed over to the Royal Canadian Mounted Police for further investigation. Police Chief Michael Pearce praised the officer, saying, “This is an outstanding example of how proactive policing can yield positive results. While conducting a simple property check, our officer helped prevent an illegal entry into Canada.”   A defector... Reminiscent of former Eastern block folk from  the 1980s...
    • oldshurst442
      Random Thoughts Thread

      By oldshurst442 · Posted

      I said the Z06, ZR1 twins will sell out.  GM will build as many as the demand needs GM to build.  And it will probably be a higher number than any Porsche 911 variant in that category.  Firstly, Porsche limits production of those track focused upper trimmed variants.  Secondly, like Ferrari, Porsche obliges the owners of would be GT3 RS owners to buy Cayennes and Macans and have a history of past 911 purchases. Only Ferrari gets shat on for that business practice... I dont think Chevrolet and Corvette as a manufacturing team and entity and GM ultimately, are ready to introduce a Corvette SUV as it once was presented a couple of years ago.  The Corvette engineering team is too focused on giving us mental performance from the C8 platform.  And more to come is rumored.  And then there is the 9nth generation.  The C8 is already on its 6th year.  Its close to the time where Chevrolet is thinking on the next gen Corvette.  Whether this next platform will come at year 8 or year 14 of C8 production, the 6th year of any Corvette generation is when Chevrolet starts thinking if another generation of Corvette is going to happen and is talking to General Motors corporate on what budgets are needed to follow. And then the engineering team starts to form to start thinking about what is the the next Corvette going to be like. And no...lifestyle vehicles have NOT replaced anything. The sportscar is still alive and well. For those that have the money to spend on secondary vehicles as toys, these people buy Hummer EVs just as much as Corvette and Porsches.  But those that do not have monies to spend, well, they cant afford groceries in this current political climate.   But sportscars are still being bought.  Lifestyle vehicles...too I guess.  I heard that Jeep is also tanking in sales.  I dunno if its only the Wagoneer or the regular Jeep, but regular Jeeps have gone insane expensive too.  And I do not see Rivians nor Broncos all that much on the roads nor do I see US peoples rave about Rivian and Broncos the way they once did 2 years ago...
    • oldshurst442
      Random Thoughts Thread

      By oldshurst442 · Posted

      I dont think its that.  The base Stingray is exactly that Corvette. The Z06, ZR1 and ZR1x are just engineering flexing on what Corvette engineering and racing has to offer at a price point lower than the Corvette's competition. Hence why they went to Nurburgring with their test drivers and engineers driver the cars to show case ANYBODY could drive these cars, relatively safely, relatively aggressive but not so aggressive as to lose control and crash and STILL come out with impressive times at the Nurburgring.  Its the every man's sports car persona that they hold on dearly to.  I could respect that.  And yes, the ZR1 and ZR1x are expensive. But 1969 Corvette ZL1s with aluminium block 427s were higher priced than the highest priced Cadillac of the time.  Speed and ultimate engineering comes at a cost.  Its not for the average joe.  But...American speed is the most democratized in the world.  Even at 200 000 plus dollars, The ZR1 twins  are still half as expensive as its Porsche and Ferrari competitors.     The Corvette has sold all it could. Remember, its a Corvette and not an SUV. Its a car that is 5 going on 6 years old.  The Z06, ZR1 twins remain coveted and will sell out.  The Stingray now can be bought pennies on the dollar in the used car market like all base Corvettes in the past.  That is why it was stupid for all the idiots that bought the Stingray with dealership mark-ups the first 3 years of C8 production...   The Corvette is not a dying breed. It still sells more units than its competitors.  
    • oldshurst442
      Random Thoughts Thread

      By oldshurst442 · Posted

      Cool car. All C8 variants are cool.  I like all variants of the C8 Corvette.  But...I am not super enthused by the C8 all that much with the latest variants.  Yeah yeah...the Z06 is a mid engine flat plane V8, Ferrari emulating experience.  Sure it is a bargain price for what it is.  And yeah, the ZR1 and ZR1x are ridiculous in their horsepower and torque numbers and the chassis handles all that power well and puts the performance numbers to prove it while all three variants offer a very luxury GT experience.  Great.  But Im tired of seeing the GT part of the Corvette always being front and center.  The E-Ray to me is where the luxury GT part of the C8 Corvette should be at.  The best of both worlds of supercar/hyper car performance and luxury. (Because of the battery weight and the battery performance part).   The C8 Stingray is the Stingray. The base Corvette. Where the midlife crisis geezers buy it and pretend that they own the most special breed of cars ever created.  And to others that want exotic speed without the exotic price tags of Porsches, Ferraris and the like.  Just as it is now.   The Z06 should exist as a GT car as it is now, but a more track focused beast that is stripped out and more hardcore version should also exist.   The ZR1 should also exist as a GT as it is now. The ZR1x should be called something else as it really is a different car than the ZR1.  BUT... I think the C8 Corvette needs ZR1 and Z06 GT luxury delete variations where SIGNIFICANT weight reduction (with or without full on carbon fibre bodies) , ACTIVE aero,  and all the GT creature comfort options are all gone from the options list.  Sound deadening included. Crappy trunks big enough for golf bags be gone.  The Corvette NEEDS to shed off some of the late C3 1970s GT persona and return to being a pure sports car again.   The C3 Vette didnt even have a trunk for phoque's sake.  Neither the C2.  The only reason why the C3 gained a GT persona was because emissions regs and the oil shortage made the Vette's engine choices anemic so it had to sell itself on luxury features.   But Im happy as a Corvette fan with the results of the C8 Corvette.  And I hear rumours there might be another mad variant of the C8 to come before the platform changes for a 9nth generation.  
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      I honestly think GM has forgotten the golden space that the Corvette was all about and they have gone after the final years of Boomers who have trillions and are trying to hold onto power, life, and an attempt at youth. End result is they CANNOT take it with them into the ground. Chevrolet really should be focused on the fun to drive Z06 Corvette that more people can afford, but are being shadowed by the 6 figure versions. Course most people have moved onto life style vehicles and so an extra sports car like Corvette is a Dying breed.  If Corvette brought out a Gas / EV version of a Vette SUV, it would take off and surpass Corvette car sales. Then the Corvette car would just be a decent Halo car, able to survive due to the Vette SUV sales.

  • Who's Online (See full list)

  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

I've whitelisted
Continue without support

Write what you are looking for and press enter or click the search icon to begin your search