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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.

Infiniti will offer free wireless Apple CarPlay upgrades for 2020-2021 cars

Owners of 2020-2021 Infiniti products with Apple CarPlay should be happy to hear this news. Infiniti just announced that owners of those vehicles are now eligible for a free upgrade to wireless Apple CarPlay. The list of eligible models includes 2020-2021 Q50, Q60, QX50 and QX80. All of those vehicles already have Apple CarPlay and Android Auto, but they operate via a wired connection only. This upgrade will make it such that you no longer have to plug into your Lightning cable to have Apple CarPlay splashed across the screen. If you own any of the above vehicles, we’d recommend getting a service appointment to have the upgrade installed — the update is said to take less than an hour. Infiniti says the complimentary software update will be available from now until March 31, 2022. Basically, get it while you can. WeÂ’ve asked Infiniti if a similar upgrade was coming for Android users, as many other manufacturers offer wireless Android Auto in addition to wireless Apple CarPlay. All a spokesperson would say is that "Infiniti is looking at Android Auto for future vehicle integration." The lack of wireless Android Auto will be affecting about 20% of Infiniti owners, as even Infiniti approximates that 20% of its luxury buyers are not Apple users. At the very least, those owners will still have wired Android Auto. Related video:  This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Nissan recalling 151,000 CUVs over ABS issues

Nissan will be recalling over 151,000 vehicles due to issues with the anti-lock braking systems. On rough roads, light braking in the Nissan Pathfinder, Infiniti JX35 and QX60 could trigger a problem in the brake pressure output software that might lead to longer stopping distances than expected relative to the brake inputs. Needless to say, unpredictable stopping distances on rough roads is not a desirable trait in a three-row, family friendly CUV.
The recall covers all 2013 and 2014 Nissan Pathfinders built between April 18, 2012 and September 20, 2013, some 100,682 vehicles. Another 52,629 2013 to 2014 Infiniti JX35/QX60s built between September 15, 2011 and September 20, 2013 are also part of the notice.
Nissan will request that owners of affected vehicles report to dealers for a free software update to address the problem. Scroll down for the official notification from the National Highway Traffic Safety Administration.