Nissan is losing a lot of money selling electric cars. From Eric Peters at ericpetersautos.com:
Nissan’s in trouble. More trouble, maybe, than former (and frog-marched) CEO Carlos Ghosn.
Reuters reports a blanching 70 percent drop in operating profit last quarter due to plunging sales and unfavorable foreign exchange rates
Net income fell by more than half to 59 billion yen ($546.8 million) in the July-September period. According to the Reuters piece – and a public announcement by Nissan – revenue decreased 6.6 percent to 2.63 trillion yen ($24.4 billion) over the past three months and global retail volume declined 7.5 percent to 1.27 million vehicles.
