The Nissan group announces a monumental net loss of 4.1 billion euros in 2024-2025-Liberation
The fall is painful. The Japanese car manufacturer In difficulty Nissan, announced this Tuesday, May 13, that it had suffered a colossal annual net annual net loss of 671 billion yen (4.1 billion euros) during its financial year.
This underperformance is explained in particular by the costs linked to the recovery plan committed: strongly indebted, confronted with its loss of profitability and the shortness of shortness of sales in its American and Chinese key markets, Nissan had announced in November wanting to reduce its production capacities by 20 %. “The reality is clear: we have a very high cost structure. To further complicate things, the global market is volatile and unpredictable, which makes planning and investment increasingly difficult ”On Tuesday said CEO Ivan Espinosa.
Nissan also unveiled his project to close seven of its 17 production factories by 2027 and bring to 20,000 job cuts planned in its recovery plan. 15 % of its global workforce, a figure revised sharply in relation to the 9,000 job cuts initially announced in November. In addition, the company recently abandoned its project, just approved, from a billion dollars lithium battery in the south of Japan. « We wouldn’t do that if it was not necessary to survive »assured Ivan Espinosa before the press.
In the wake of these announcements, the French group Renault, which holds 35 % of the Japanese company, announced to expect a negative impact amounting to 2.2 billion euros in the first quarter of 2025 of depreciations and Nissan restructuring costs.
The Japanese manufacturer, whose action has lost 40 % over the past year, remains under the pressure of a huge debt: the rating agencies have also lowered the note of its debt and placed it in the speculative category, Moody’s pointing its « Low profitability » And « Its range of aging models » fueling the decline in sales.
The manufacturer announced on Tuesday for 2024-2025 a stable turnover (-0.4 %) of 12,633 billion yen (76.9 billion euros), and awaits revenues of the same order for the financial year 2025-2026 started in early April. On the other hand, Nissan does not – something rare – unveiled any provision forecasts for this new annual financial year. « The uncertainty linked to American customs policies prevents us from rationally considering our annual forecasts »explains Ivan Espinosa.
In fact, since April, Washington surcharged 25 % cars imported into the United States. However, Nissan made there last year 30 % of its world sales: 924,000 vehicles, 45 % of which were imported from Japan and Mexico. Among the Japanese manufacturers, Nissan will probably be touched by the trade war. In the immediate future, Nissan claims to have stocks « Important » At his American dealerships, but he will then face a dilemma: because passing the surcharge on the sale prices could dissuade his customers.
The group had started at the end of 2024 with Honda negotiations for a marriage that could give birth to the third world manufacturer, in the hope of catching up in electricity, but discussions collapsed in mid-February. This debacle precipitated the departure of CEO Makoto Uchida, replaced by Ivan Espinosa, Mexican, who intends to build the « Recovery plan ». « Nissan must give priority to continuous improvement with increased emergency »he reaffirmed this Tuesday.
Update At 12:15 p.m. with more details.
