Nissan Cuts Dividend as Profit Tanks

Nissan's CEO, Hiroto Saikawa, is seeking more time to recover from the Carlos Ghosn crisis, planning to introduce over 20 new models and revamp the US retail chain. Despite these efforts, Nissan's financial outlook is bleak, with profits projected to be half of previous estimates. The Renault-Nissan alliance faces tension as Renault pushes for a merger, which Saikawa has resisted. Shareholders are unhappy with the dividend cut, and Saikawa faces pressure to step down, though he plans to remain in his position for now.

What is one of the main reasons for Nissan's current struggles according to CEO Hiroto Saikawa?

• Increased competition from European carmakers

• High employee turnover

• Excessive marketing expenses

• Lack of new model introductions

How did Nissan's financial results compare to analysts' expectations?

• They matched the expectations

• They were slightly below expectations

• They were better than expected

• They were worse than the worst-case scenarios

What is the projected profit for Nissan in the fiscal year through 2020?

• 453 billion yen

• 300 billion yen

• 500 billion yen

• 230 billion yen

What is Renault's position regarding a merger with Nissan?

• Renault is considering a merger with another company

• Renault has already merged with Nissan

• Renault is open to a merger

• Renault is not interested in a merger

What significant action did Nissan take for the first time in a decade?

• Increased its dividend

• Cut its dividend

• Merged with another company

• Launched a new car model