OVID pandemic, additional financing from KKR and banks obtained, JPY 130 billion Nissan announced mid-term management plan including reduction of production capacity December, 2020 JPY 28.2 billion deficit December, 2021 Tens of billions of yen deficit, 4 consecutive fiscal years of net losses, insolvency March, 2022 Application for ADR (Alternative Dispute Resolution) for business revitalization, total liabilities of JPY 1.1 trillion (incl...

Market & Tech Reports  Updated at: 2022/09/29

till believes that demand has been exceeding supply even in 2021, after Korean LV sales closed 2020 at an all-time high. However, LV sales in Korea have been in negative territory for eight consecutive months, owing to complications from the chip shortage, broken global logistics, and SsangYong’s insolvency in Korea.   LMC Automotive’s medium- and long-term outlook for the Korean market may now be a tad optimistic, given the recent resurgenc...

Market & Tech Reports  Updated at: 2022/03/01

et due to the impact of the COVID-19 pandemic. In August, the Lifan Group went into restructuring bankruptcy proceedings (becoming a subsidiary of the Geely Technology Group in January 2021), and in late December, the Tech-new Group, the largest shareholder of Zotye Motor, was ruled bankrupt due to insolvency.   The German automakers' overall sales declined by 7.0% y/y to 4,829,000 units, with a 23.9% share. The reason for this was the slump in ...

Market & Tech Reports  Updated at: 2021/02/12

will strengthen its business. Nippon Steel Corporation Plans to acquire no. 4 Indian steel maker Essar Steel Nippon Steel Corporation has a plan to acquire India’s fourth largest steel maker, Essar Steel India Limited (Gujarat state) which is undergoing resolution proceedings under the Indian Insolvency and Bankruptcy Code. Annual nominal crude steel production capacity of Essar Steel is 10 million tons. If approval for the acquisition is g...

Market & Tech Reports  Updated at: 2019/11/05