Nissan cheaper faster than Subaru

Nissan cheaper faster than Subaru

February 16, 2020 0 By autotimesnews

Nissan noted that its market share price fell after other Japanese automakers such as Subaru after its shares fell 9.6% to a new decade low.

Share prices fell sharply after Nissan announced a cut in its forecast for the entire year and abandoned dividends at the end of the year, which resulted in a market capitalization of 2.17 trillion yen ($ 19.8 billion). Bloomberg reported for the first time that Nissan dropped to fifth in terms of market value among other Japanese automakers, losing to Subaru, Suzuki, Honda and Toyota.

Since the beginning of the year, Nissan stock prices have fallen 19%, after falling 28% in 2019 and 22% in 2018. Nissan, which suffers from falling sales in key regions such as the United States, Japan and Europe, as well as the aftermath of the arrest of its former chairman, Carlos Ghosn, lowered its operating profit forecast to 85 billion yen ($ 774.35 million), compared with the previously estimated 150 billion yen (1,366 billion US dollars).