Nissan Turns A Profit For The First Time In Two Years As Pigs Fly, Hell Freezes Over

Key Points:

• Nissan reported its first quarterly net profit in two years, posting a $23.9 million profit for Q1 ending June, driven by restructuring efforts and cost-cutting measures, despite lowering its vehicle sales forecast for the fiscal year.
• Toyota is facing its fifth consecutive quarterly operating profit decline due to a weak yen, falling vehicle sales—especially in China and the Middle East—and rising supply chain costs exacerbated by the U.S.-Israel-Iran conflict and recent earthquake disruptions in Japan.
• A United Auto Workers union member was fatally injured during a renovation project at Stellantis' Center Line, Michigan facility; both UAW and Stellantis are investigating the incident and emphasizing worker safety.
• Ram is recalling 1.5 million 1500 pickup trucks globally due to improperly attached second-row seatbelt buckle anchors, which could increase injury risk in crashes; owners will be notified for inspections and repairs.
• Despite geopolitical tensions and supply chain issues, U.S. gas prices have remained stable around $4.10 per gallon for over a week, with crude oil prices holding steady at about $79 (WTI) and $83 (Brent).