Nissan's SUV Production In Mexico Takes Hit As Theft Sparks 6-Month Delay: Report
Portfolio Pulse from Nabaparna Bhattacharya
Nissan Motor Co., Ltd. (OTC:NSANY) will delay the production of its next 'Kicks' SUV model in Mexico by about six months due to an alleged theft of some mold components at a local supplier. The production, which was scheduled to start in December, will likely begin around June 2024. NSANY shares closed lower by 0.47% to $8.49 on Friday.
September 05, 2023 | 2:01 pm
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NEGATIVE IMPACT
Nissan's production delay of its 'Kicks' SUV model in Mexico could potentially impact its revenues and profitability. The delay is due to theft at a local supplier. NSANY shares closed lower by 0.47% to $8.49 on Friday.
The delay in production of a new model can lead to lost sales and increased costs, which can negatively impact Nissan's revenues and profitability. This news is highly relevant to NSANY as it directly affects its operations and financial performance. The importance is high as production delays can have significant financial implications. The confidence in this analysis is high based on the information provided in the news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100