It's not. The next-gen Z is already in the design phase, according to the designer of the z34 @ zdays last year.
Nissan is doing VERY well this year financially. The Z (as well as the GTR) is not a car that's designed to bring in tons of profit. That's what the Altima is for. These sports cars function as icons of Nissan's brand on the road. They are marketing tools that keep people talking about the brand.
It would be stupid of them to cut the production of either car at this time.
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