Nissan on path to profitable year

Article Abstract:

Nissan Motor Company Ltd is expected to post a net income f $937 million for the year ending in Mar 2001. Analysts made the prediction after a meeting in Oct 2000, with Nissan Pres Carlos Ghosn who was hired by Renault to manage a corporate turnaround for Nissan. Analysts believe that Ghosn's plan, which includes plant closures, job cuts and asset sales, is paying off. Another factor in the expected turnaround is a healthier US operation which is a perennial money loser for the company.

Nissan Motor Company Ltd.

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Analysts satisfied with Ford's financial performance

Article Abstract:

Ford Motor Co has received support from some Wall Street analysts on Oct 18, 2000. This despite a decline in third-quarter earnings and continued uncertainty about the tire recall conducted by Firestone. Its earnings for the quarter dropped 7% to $888 million which is attributed to $500 million spent on the recall of 6.5 million Firestone tires, which were mostly mounted on Ford's Explorer sport-utility vehicle.

Ford Motor Co.

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