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7267 — HONDA MOTOR News Story

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Brief: Nissan CFO - Anything Above A 150 Dollar/Yen Level Is Going To Reap Rewards For Us

BRIEF-Nissan CFO - Anything Above A 150 Dollar/Yen Level Is Going To Reap Rewards For Us

- Nissan Motor Co., Ltd 7201.T:

  • NISSAN CFO: ANYTHING ABOVE A 150 DOLLAR/YEN LEVEL IS GOING TO REAP REWARDS FOR US

  • NISSAN CEO: CHANGE IN CHINA DRIVEN BY SLOWDOWN IN ECONOMY THIS YEAR AND THE IRAN WAR HAVING AN IMPACT ON FUEL COST, WHICH HAS ACCELERATED THE SHIFT TO NEW ENERGY VEHICLES

  • NISSAN CEO: DISCUSSING A LOT WITH HONDA ON DIFFERENT LAYERS, STARTING WITH HARDWARE, BUT ALSO ON WHAT LAYERS OF SOFTWARE WE CAN COLLABORATE ON

  • NISSAN CFO: EXPECT MIDDLE EAST CONFLICT TO IMPACT OPERATING PROFIT BY ABOUT 20 BILLION YEN AND 18,000 UNITS IN FIRST HALF

  • NISSAN CFO: MIDDLE EAST CONFLICT'S PROFIT IMPACT IS PROJECTED A BIT HIGHER MOSTLY BECAUSE OF INFLATIONARY LOGISTICS COST, AND HAVE LOST SOME AFTER SALES BUSINESS

  • NISSAN CFO LEONDIS: WE ARE RIGHTSIZING FOOTPRINT OF EUROPEAN BUSINESS TO ENSURE WE CAN LOWER ITS BREAKEVEN POINT

  • NISSAN CEO: WE HAVE PRODUCTS BUILT IN CHINA THAT COULD BE MARKETED IN EUROPE IN FUTURE

Source text: [ID:]

Further company coverage: 7201.T


(Reporting by Daniel Leussink)

((Satoshi.Sugiyama@thomsonreuters.com;))

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