No Nissan hybrid vehicles led to downfall, says CEO

testerdahl

testerdahl

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With no Nissan hybrid vehicles, the automaker is facing major economic issues, according to its CEO. He admits this was a major mistake on Nissan’s part. In an MSN.com article, Nissan’s Chief Executive Makoto Uchida admitted to why the automaker is laying off 9,000 employees, 20% of workforce, and cutting production U.S. production by 17% as it seeks to cut costs by $2.6 billion. “This has been a lesson learned, and we have not been able to keep up with the times,” Uchida said. “We weren’t able to foresee that hybrid electric vehicles and plug-in hybrids would be so popular.” […] (read full article...)
 
Two things. First the quote is literally a WTF. Guy got paid millions and completely missed the industry trend.

Second, several people on YouTube want to argue with me over hybrids and how that wasn't the reason Nissan is failing. Maybe. But, when the CEO literally says, "hey, we F'd up and that's why we are losing our butts because we didn't offer hybrids," I'm going with that.
 
testerdahl said:
With no Nissan hybrid vehicles, the automaker is facing major economic issues, according to its CEO. He admits this was a major mistake on Nissan’s part. In an MSN.com article, Nissan’s Chief Executive Makoto Uchida admitted to why the automaker is laying off 9,000 employees, 20% of workforce, and cutting production U.S. production by 17% as it seeks to cut costs by $2.6 billion. “This has been a lesson learned, and we have not been able to keep up with the times,” Uchida said. “We weren’t able to foresee that hybrid electric vehicles and plug-in hybrids would be so popular.” […] (read full article...)
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Doesn't Nissan sell a hybrid in overseas markets but they won't sell it in the USA for some reason?
 
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