trending Market Intelligence /marketintelligence/en/news-insights/trending/C0PN8-UyuO0e5kdIRfZRoQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Nissan cuts China sales target by 8%

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Report: Nissan cuts China sales target by 8%

Nissan Motor Co. Ltd. will slash its China sales target by 8%, or over 200,000 units, to 2.39 million vehicles sold by 2022, Bloomberg News reported March 20, citing people familiar with the matter.

CEO Hiroto Saikawa, who succeeded the embattled Carlos Ghosn, could also scale back his predecessor's $9 billion investment plan for China as the world's biggest auto market continues to suffer from slumping sales and tariff troubles. The executive plans to "put profitability before growth in sales volume," which could mean no new models will be introduced in China until 2021, the sources told Bloomberg.

The Japanese company currently runs its China operations with local automaker Dongfeng Motor Group Co. Ltd., though a spokesman reportedly said no changes regarding the China business plan have been announced. Dongfeng and Nissan plan to review their mid-term targets and could make further adjustments, the report added.

Nissan is the latest automaker to hit snags in its plans for China. Luxury carmaker Bayerische Motoren Werke AG's plan to turn China into an export hub for electric vehicles may get put on hold over trade uncertainty.

On Feb. 12, Nissan cut its full-year outlook for fiscal 2019 after its third-quarter income plunged 76.7% to ¥70.41 billion due to a "consistently challenging" market.

As of March 21, US$1 was equivalent to ¥110.83.