Japanese carmakers brace for US sales shock as coronavirus hits consumers [CNBC]
NISSAN MOTOR LTD S/ADR (NSANY)
US:NASDAQ Investor Relations:
nissan-global.com/en/ir
Company Research
Source: CNBC
A worker walks past Nissan Motor Co. vehicles bound for shipment at the Nissan Oppama wharf in Yokosuka, Kanagawa Prefecture, Japan, on Friday, Feb. 28, 2020.Akio Kon | Bloomberg via Getty ImagesAs theU.S.Japan'sTheUnited States overtook Italy and ChinaIn a note last week, the bank said the biggest drop in shipments for Japan's manufacturers would come from North America — and predicted an 18.6% dip.The revised forecasts are based on assumptions of a 30% drawdown in U.S. auto sales for 2020 to 12 million units, owing to the bank's outlook for a major economic slowdown tied to .Although car sales are predicted to slump globally, the drop-off in shipments for Japan's manufacturers will be most pronounced in North America, where Goldman sees an 18.6% fall, compared to a 9.6% drop for Europe and 3% dip for Japan.Awaiting US damage reportMajor automakers are due to report U.S. sales this week, giving investors a better grasp of the damage from coronavirus containment measures, which have s
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