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Crisis Deepens as Nissan Issues Fresh Profit Warning Again

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The woes of the Japanese car giant looks to have deepened by the newly issued profit warning by Nissan while it seeks to recover from Carlos Ghosn’s arrest 

The firm had second cut in its forecast within few months by downgrading its projection for net profit in the fiscal year to March 2019 from 410-billion yen ($3.7-billion) to 319-billion yen.

Nissan appeared to acknowledge the recent difficulties surrounding the Ghosn affair, which has cast questions over the company’s own corporate governance.

Reasons for the downgrade are:

“the adverse operating environment facing the company during the fourth quarter, and the impact of recent corporate issues on sales.”

 “additional expenses arising from the implementation of a warranty extension campaign covering certain vehicles sold in the US market.”

The profit warning came as ex-chairman Ghosn awaits his fate after prosecutors hit him with a fourth set of charges over alleged financial misconduct.

 

In February, Nissan already slashed its full-year forecast, as it revealed that nine-month net profit had dropped 45 percent — a decline the firm blamed on rising raw material costs and foreign exchange difficulties.

It was forced to downgrade its net profit forecast for the fiscal year to March to 410 billion-yen, compared to 500-billion yen earlier.

 

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Burkina Faso Enhance Army with New Cobra Armoured Vehicles

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The Burkinabe Army paraded four Otokar Cobra armoured personnel carriers (APCs) during Burkina Faso’s 11 December Independence Day parade in Manga, making it the latest known user of the Turkish-made vehicle.



A Burkinabe military source told newsmen that an undisclosed number of Cobras have been delivered since September, with several currently deployed in the East Region, where counter-terrorist operations are ongoing.

Cobra 2

Cobra 3

The source added that the first Cobras are operated by Commando Infantry Regiments (RIC) of the Burkinabe Army, but additional vehicles are expected to be delivered to the Combined Regiments (RIA). Burkina fields two such units, which combine armoured cavalry squadrons and motorised infantry companies.

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-Janes

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Important Steps to follow in case of vehicle accidents

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It’s important to know and understand how to prevent motor vehicle accidents. However, if the worst happens, would you know what to do? This equally important aspect of understanding road safety is often overlooked.

Thankfully, not all car accidents are fatal. And whatever the degree of damage, while it may not lessen the shock of a collision, it can ease the frustration of both parties if they know what steps to follow to make insurance claims easier.



Know the law

Section 61 of the National Road Traffic Act of 1996 states that in the event of an accident, where: a person or an animal was killed or injured, or any property like a vehicle was damaged, certain steps must be taken in line with the law.

The driver must:

    • Stop the vehicle and ascertain if there are any injuries;
    • Offer the assistance to injured persons;
    • Ascertain the nature and extent of damage sustained;
    • Request the name, address, vehicle registration and driver’s licence details, as well as the identity number of the other party; and
    • Report the accident to the relevant police station within 24 hours.

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Credible evidence

According to the act, there are important other rules that must also be observed. The law further specifies that the driver may not take any intoxicating liquor or drug that has a narcotic effect, unless he or she has reported the accident to a police officer

Moreover, no person may remove any vehicle involved in an accident – in which another person was killed or injured – from the position in which it came to rest, until a traffic officer has given permission for it to be removed.

Only if the accident causes total obstruction of a public road can the vehicle be moved, and only after its position has been clearly marked on the surface of the roadway.

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Possible pitfalls

You should also take pictures of the accident scene.

Further penalties during the claim process could come due to driving under the influence of alcohol, without a valid driver’s license for the vehicle being operated, driving an unlicensed or unroadworthy vehicle and not paying your insurance premium, says Tshifularo.

Tshifularo also cautions that you should not let a tow-truck driver coerce you into towing your car without making sure that it is a tow truck authorised by your insurance company.

“Otherwise you could be liable for the costs and have to spend a lot of time and energy trying to track your vehicle down.”

“After an accident, it’s very important to stay calm and rational.

“Arguing over whose fault the accident was or panicking is not going to help the situation. Instead, take charge and follow the procedure in as calm a manner as possible,” Tshifularo says.

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-Soweto Live

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