Nissan Cuts Profit, Dividend Forecast as Turnaround Stalls

Nissan faces significant challenges, including a 99% profit drop, job cuts, and a 30% market value decline. Management changes were made to prevent power concentration. The strengthening yen and declining sales in China and North America add to the pressure. The Renault partnership is crucial for survival amid global auto industry stress. A dividend cut is expected to affect share prices.

What major event marked the beginning of Nissan's recent challenges?

• A merger with another car company

• The opening of a new factory

• The arrest of the chairman Carlos Cone

• The launch of a new car model

What was one of the financial issues Nissan faced, as mentioned in the second section?

• Increasing sales in Europe

• Strengthening yen affecting profits

• Rising oil prices

• Decreasing production costs

Which region experienced a 12% decrease in Nissan's sales?

• Australia

• South America

• China

• Europe

What is a significant factor that might affect Nissan's share prices?

• New marketing strategy

• Dividend cut

• Expansion into new markets

• Increase in production

Why is the Renault partnership important for Nissan?

• To reduce labor costs

• To enter the luxury car market

• To survive macroeconomic stress

• To increase production capacity