2004 Infiniti G35 X Sedan 4-door 3.5l on 2040-cars

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Nissan could report first quarterly loss since March 2009

TOKYO — Nissan may report its first quarterly loss in more than a decade on Thursday because of slumping sales, sources familiar with the company said, adding more pressure on efforts to rebuild the company after Carlos Ghosn's ouster. Deteriorating profits underscore the challenges facing Nissan, which is unwinding many of the expansionist strategies championed by ex-Chief Executive Officer and Chairman Ghosn by slashing jobs, production sites and product offerings to save cash and ensure its survival. In addition to slumping sales, production disruptions caused by China's coronavirus outbreak could also drag profits lower. Three senior officials at Japan's No. 2 automaker told Reuters that they anticipate a poor results announcement on Thursday, with one of them calling the figures "dismal". Two of the officials cautioned that there is the possibility of an operating loss, which would be the first quarterly loss since the period ending in March 2009. Nissan said it could not comment on its financial results ahead of its official announcement. The company is likely to report operating profit of 48.6 billion yen ($442.5 million) for the quarter ending in December, less than half the 103 billion yen profit a year ago, according to SmartEstimate's survey of three analysts, who revised their forecasts in January. However, those forecasts were issued before the release of the December vehicle sales figures on Jan. 30, which show third-quarter sales dropped by 11% from the year earlier period, according to Reuters calculations. That is the biggest quarterly slump of its current sales downturn that began two years ago. That sales decline led one auto equities analyst based in Japan to scrap his forecast and also warn that Nissan could post a loss. "It will be a question of whether there will be a profit or a loss. For the quarter, a loss is a possibility," he said, declining to be named as his forecast had not been updated to reflect his latest view. One of the three Nissan officials said there is a risk the automaker may cut its full-year profit forecast of 150 billion yen, which would be an 11-year low. The company announced that forecast in November after an initial 230 billion yen outlook.

Nissan recalling 909k vehicles globally over accelerator issue

Nissan is issuing a massive recall that will see the Japanese automaker repair 908,900 vehicles worldwide, with nearly 100,000 of the affected models in the United States. While an official recall notice from Nissan or the National Highway Traffic Safety Administration is not yet available, Reuters has been able to confirm the recall with Nissan.
Nissan's recall is kind of the opposite of the Toyota unintended acceleration, in that it covers a lack of acceleration. According to the report, a sensor in the gas pedal can develop faults, leading to a sluggish acceleration or an outright stall regardless of how much throttle the driver dials in. The huge recall covers mostly Japanese domestic models like the Serena, X-Trail, Lafesta and Fuga, which make up for 764,800 of the 908,900 faulty vehicles. However, 98,300 Infiniti M sedans are being recalled in the US, although it's unclear at this time which model years and trims are affected. The remaining vehicles are found in Europe and Oceania, according to Nissan spokesman Chris Keefe.
No injuries or accidents have been reported due to the faults. The 90-minute repair will see techs replace the accelerator pedal and tweak the engine control programs. We'll update this story as soon as Nissan or NHTSA makes an official statement.

Infiniti G37 to be renamed Q40; new flagship sedan confirmed

Infiniti has already made it known that its aging G37 sedan will live on alongside the all-new Q50 through the 2015 model year, but little else for this sporty four door has been announced past the 2013 model year. As of this writing, there is no 2014 model shown on the company's consumer website. A new report from Car and Driver, however, indicates that like other models carried over to Infiniti's new naming convention, the four-door G37 will live out the rest of its days with a "Q" name after all.
Unlike the G coupe and convertible - renamed Q60 - the sedan will reportedly wear the Q40 designation until its ultimate demise. We reached out to Infiniti for more information, but a spokesperson only had this for us: "we have not provided any product details for post-2013 models. That will come at a later time." Previously, we had been told that the sedan would continue to live out its days under the G37 nameplate.
As for products that are actually new to the lineup, C/D says that the Q30 and the next-gen QX50 are both expected to arrive before the company launches a new range-topping flagship sedan as soon as 2016. Aside from a handful of reports suggesting this sedan exists (C/D says it's confirmed for production), there isn't much we know about it - including whether it will be called Q80, Q90 or something else entirely. It would appear there's plenty to look forward to from Infiniti's upcoming product lineup, and we are eagerly awaiting a 550-horsepower Q70 sedan and/or a production version of the Q50 Eau Rouge.