Consequently, the company had to lower its net profit forecast for the full fiscal year to 460 billion ($4 billion) from 523 billion.
Nissan's CEO had a couple of words of wisdumb, "We have a performance crisis and need to fix it as soon as possible."
Yep, the company is in crisis...it is only going to make $4+ billion dollars this year instead of almost $5 billion.
Tell that to GM, FORD or Chrysler and maybe they will join them at the bar to drown their sadness.
Ghosn also told his stockholders how he would be more wisdumb in the future.
Nissan would be 'very cautious' when announcing forecasts, he reassured them.
Stockholders want to know, what was the company being when giving previous forecasts.
What do you think?
» Showing Off Three New Nissan Vehicles from Auto Parts Resources
The three comprise of the 2008 Nissan Titan full sized pickup, the Nissan Pathfinder which is a mid sized SUV, and the Nissan Armada which is a full sized SUV. All of them have received much upgrades and changes to its performance parts and to its au... [Read More]
Tracked on: February 6, 2007 12:18 AM | Permalink to Trackback