Nissan and Toyota Set the Bar Lower than GM and Ford

Toyota and Nissan are sending out more warning signals about the road ahead than their American rivals. This is misleading: The Japanese players can actually handle better.

Nissan said it expects an operating profit of 250 billion yen, or about $1.9 billion, for the year through March 2023 – in line with what it achieved in the last financial year. . According to FactSet, analysts are now forecasting an average of 316 billion yen, so they could fall. Thursday’s announcement came after Tokyo closed, but shares of French carmaker Renault, which owns 43 percent of Nissan, fell about 7% in European trading.

https://www.wsj.com/articles/nissan-and-toyota-set-the-bar-lower-than-gm-and-ford-11652363834?mod=rss_markets_main Nissan and Toyota Set the Bar Lower than GM and Ford

Edmund DeMarche

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