From today's Autoline Daily:
More bad news on the earnings front. Both Mercedes and Nissan posted their latest financial numbers and they don’t look good. Let’s start with Mercedes. It sold 1.8 million cars and vans last year, down 9%. Revenue also dropped 9%. Worse, its EBIT earnings and net profit fell off a cliff. EBIT was down 57%. And Net profits dropped almost 49%. Mercedes is in a dangerous downward slide. Reuters reports that the profit margin for its automotive group has fallen from 13% in 2021, to 5% last year and it could drop to only 3% this year.
Now let’s move over to Nissan. It posted extremely weak numbers for the last three quarters, including a loss of $1.6 billion. And the current quarter is going to be a blood bath. Nissan is projecting full-year losses over $4 billion, which means it’s getting ready to announce billions in write-offs when its fiscal year ends on March 31.
I'll add I believe this was t3, but if you look at that hood shape, and overall front end design, I believe that will be very close to what we can expect with CE1.
From people who've seen it, they say it's not far off the Toyota epu concept. With the shorter hood, the size, and the way the hood angles down near the leading edge, which I don't mind. I think the front end graphics should be blockier, which we know the Ford design with rectify. The overall shape is pretty nice if it really is close to this.