Nissan Takes 2022, Q4 Hit

Chip shortage weighs on its sales more than some other competitors.
Chip shortage weighs on its sales more than some other competitors.
Carmakers trying to work out matters of importance to each.
Automakers meanwhile negotiating terms.
The field of finalists for the 2023 North American Car, Truck and Utility Vehicle of the Year Awards includes six battery-electric vehicles.
The Japanese automaker forecasts operating profit for the fiscal year will hit 360 billion yen ($2.5 billion), up 100 billion yen from its July forecast.
Adds vehicles up to 10 years old and with as many as 100K miles.
Tight supply and lower production helps the companies sell vehicles with fewer financial incentives than they traditionally offer.
Nissan Motor Co. Ltd. plans to stop developing new internal combustion engines except in the U.S.
Short supplies of new vehicles drove a dip in consumer loyalty of over 3 percentage points, according to Experian.
Automaker reports batteries will power half of the vehicles it sells by 2030.
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