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

• Zhongtong Electric City Buses Enable Portugal to Move Closer Towards Zero-Emission Transport 02-27
• Vietnam Warmly Welcomes 207 Units Golden Dragon City Buses on its Road 02-26
• 1,022 Zhongtong Buses to Arrive in Saudi Arabia for Operation 02-22
• 400 Units Foton AUV School Buses Start Operation in Beijing 02-22
• Zhongtong Bus Sales Jump by 81.49% in January,2024 02-20
• Ankai Embraces 2024 by Delivering G9 Buses to Saudi Arabia for Operation 02-19
• Zhongtong Electric Buses Provide Smooth Transportation Services for Africa Cup of Nations 2023 02-18
• Ankai Bus & Coach Sales Up by 169.33% Year on Year in 2023 02-18
• Golden Dragon Bus Overseas Sales Reached a New Record High in 2023 02-05
• 120 Units Zhongtong Electric City Buses to Start Providing Greener Transportation Services in Singapore 01-30
• Higer Overseas Sales Revenue Grew by 70.59% to Reach a New Record High 01-30