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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 Qs Inspiration shows itself before Auto Shanghai

Infiniti's shown off a bit of the Qs Inspiration concept before debuting the creased contrivance at Auto Shanghai next week. The concept serves a few purposes, the first to reimagine a future for sports sedans on a planet of crossovers and SUVs. The result blends a fastback with high sides that connect low ground clearance below and an elevated seating position above. The Japanese luxury maker is all about sedans, the Qs Inspiration signaling how a carmaker watching the bottom line can maintain its interest in the passe bodystyle. The concept previews a production model, and perhaps the design language and lingo we'll see spreading through the range. We're not sure how the low floor and higher roof work out in the cabin, but Infiniti mentions a "low-mounted powertrain and potent e-AWD system." That's undoubtedly the promise of the "all-new flexible architecture developed to accommodate high-performance electrified powertrains." Production-izing for a non-electric version would mean laying in a grille for the ICE, but an electrified version would have plenty of room for batteries and e-motors. Before that retail model, it's possible we'll see Qs Inspiration cues on the Q50 and Q70 sedans. Take a long gander at the profile and the way the roof slopes, and you'll notice an elongated GT-R glasshouse profile. On top of that, before Infiniti released official photos, a few images leaked from China showing other angles of the concept. The rectangular steering wheel and massive digital dash cluster probably aren't going anywhere beyond Shanghai, but if Infiniti can bring that glass roof to production, that's a win in our book.

2014 Infiniti Q50 sees 3,650 pre-sales ahead of Aug. 5 debut

Infiniti's answer to the hot new sports sedans from BMW, Cadillac and Lexus is creeping closer and closer to its August 5 arrival in dealerships. And while we yet can't pass judgment on the Infiniti Q50 - formerly known as G37 - 3,650 Americans are apparently ready to, as they've already raised their hands for the 2014 model.
In a pre-sale program announced at the 2013 New York International Auto Show, Infiniti gave buyers until June 30 to raise their hand for the new model. "The Infiniti Q50 pre-sale exceeded all expectations, becoming the most successful such program in Infiniti history," according to Infiniti's American Vice President Ben Poore.
A lot is expected of the Q50, available in both rear- and all-wheel-drive and with an optional hybrid powertrain. With 328 horsepower from its 3.7-liter V6 engine, Infiniti is making sure the new car packs a big punch relative to the competition. Meanwhile, the Q50 Hybrid offers fuel-sippers 360 ponies and up to 36 miles per gallon.