Nissan Shares Tumble Amid Sales Forecast Revision, Honda Raises Profit Outlook

Nissan faces challenges in China, while Honda benefits from strong U.S. demand and favorable exchange rates.

Nissan's shares plummeted by over 11% following a downward revision in its sales forecast, marking its biggest one-day drop since September 2001.
Nissan faces intense competition and logistical challenges, particularly in China, where it has seen a significant decline in sales.
Despite challenges, Nissan aims to remain a significant player in China, adjusting its strategy to focus on regions with slower electrification.
Honda reports a rise in profit, buoyed by strong demand in the U.S. and a favorable exchange rate, raising its annual profit forecast.
Both Nissan and Honda are navigating global supply chain issues and the shift towards electrification, with Nissan investing in Renault's electric vehicle business, Ampere.