Yokohama-Based Automaker: Auto Business and Production Capability

yokohama-based automaker: The figure is projected to decrease further to 230 billion for the current year, which will be the lowest in 11 years, according to The Japan Times. For the company to maintain its business, Nissan needs to tackle mounting challenges. But the earnings report and forecast disclosed Tuesday by the Yokohama-based automaker underscored a bigger problem stabilizing its auto business. ; Nissan's operating profit for the fiscal year ended in March plunged by 44.6 percent to 318 billion 2.9 billion from the previous year. Major issues include improving its performance in the U.S. market and streamlining its excessive production capability and operating costs through its alliance with Renault SA and Mitsubishi Motors Corp., analysts interviewed by The Japan Times said. This is basically a backlash to a growth plan from the past that was difficult to achieve, said Takaki Nakanishi, analyst and CEO of Nakanishi Research Institute. Due to the Ghosn scandal, Nissan's sluggish earnings may have caught more attention, but analysts said this was well-expected. (news.financializer.com). As reported in the news.