NISSAN NEWS
Nikkei ends at two-week high on US tariff relief, chip rally
Japan's Nikkei ended trade on Thursday at the highest point in more than two weeks after a U.S. court blocked President Donald Trump's tariffs from going into effect, while a weaker yen and a rally in chip-related stocks also supported the benchmark index.
Nissan on-track to invest 700 mn in India despite stake sale to Renault
Japanese automaker Nissan, despite divesting its stake in its Indian manufacturing plant to partner Renault, plans to invest 700 million over two years to launch multiple new products. Nissan aims to nearly triple its sales to 100,000 units annually by FY27 and expand its dealer network to 180 outlets. The company also targets exporting 100,000 units yearly, bringing total production to 200,000 units from its 480,000-unit capacity in Tamil Nadu.
Nissan plans $7 billion funding, including loan backed by UK government: Report
Nissan is reportedly exploring raising over 1 trillion yen through debt and asset sales, including a UK government-backed syndicated loan. The automaker is considering issuing convertible securities and bonds, alongside potentially selling stakes in Renault and AESC Group, as well as plants in South Africa and Mexico.
Renault Group seeks CCI nod to buy out remaining 51% stake in Indian joint venture
Renault Group is seeking regulatory approval from the CCI to acquire Nissan's 51% stake in their Indian manufacturing joint venture, Renault Nissan Automotive India Pvt Ltd (RNAIPL). This acquisition would give Renault Group 100% ownership of RNAIPL, which operates the Chennai-based production facility.
Nissan mulls shutting two plants in Japan, overseas: Sources
Nissan is reportedly planning to shut down two car assembly plants in Japan and considering closing two factories in Mexico as part of a restructuring effort. The automaker aims to reduce its workforce by around 15% and decrease production plants globally. These potential closures mark Nissan's first domestic plant shutdowns since 2001.
Japan's Nikkei slides for second day as strong yen weighs
Japan's Nikkei share average dropped for a second day on Thursday, extending its retreat from a nearly three-month peak, as a stronger yen sent automaker shares sliding.
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Trump plans controversial deportation of migrants to Libya where detainees suffer 'sexual violence, torture'
The United States may deport migrants to Libya for the first time this week, three US officials said on Tuesday, despite Washington's past condemnation of its human rights practices and harsh treatment of detainees. The officials said the US military could fly the migrants to the North African country as soon as Wednesday.
Multibagger or IBC (Series: AA 125), Part 4: It saw the transformation and is much better placed to capitalize on it and create wealth
This auto ancillary foresaw the coming of the electric vehicle (EV) age way back in 2012. In its annual report that year, it quoted a study that projected a significant jump in EV two- and four-wheelers by 2020. In just five years, in 2017, it noted: “We are at the forefront to capitalise on this opportunity, given our track record of being the first and the only manufacturer in the country to supply gear lever to electric cars…” Fast forward to 2024: Almost 40% of its order book comes from EVs. Foresight apart, this company was also fortunate on another front: Its product mix. Read on to know why.
Trump's tariffs: From gaming consoles to whiskey, products that may vanish from US shelves
President Trump's tariff hikes could lead to American consumers facing empty shelves as companies halt shipments. Audi has already suspended deliveries, and Jaguar Land Rover is holding exports. Nissan will discontinue certain SUV models, while Mercedes-Benz considers withdrawing its least expensive cars. Nintendo has delayed pre-orders for its Switch 2, and Suntory may divert Japanese whiskey to other markets.
Cars to gadgets: What US consumers are losing to Trump tariffs
The tariffs are impacting various sectors, from electronics and toys to cars and even Japanese whiskey, as businesses reassess their exposure to the US market.
Trump's tariffs imperil the fortunes of a Nissan factory town
In Kanda, Japan, residents are anxious about President Trump's 25% tariffs on car imports to the U.S., jeopardizing the town's economy reliant on Nissan's car factory. With potential job cuts looming, uncertainty surrounds the long-term impact on the town, as Nissan devises plans for varying tariff scenarios.
Nissan says it will not take new US orders for Mexican-built Infiniti SUVs
Nissan Motor will halt new orders from the U.S. for two Mexican-built Infiniti SUVs due to tariffs imposed by President Trump. It will also retain two production shifts for the Rogue SUV in Tennessee. Despite discontinuing U.S. sales, models like the Infiniti QX50 and QX55 will continue to be produced for other markets.
This move by Trump to make cars unaffordable for many American families. Here's why
U.S. President Donald Trump's 25% tariff on imported vehicles will primarily affect working-class car buyers, as most low-cost vehicles are built overseas. This may lead to increased prices for both new and used cars, making affordable options scarce and impacting lower-income consumers. Industry experts warn these tariffs could harm the U.S. auto industry.
Nissan's new CEO says it needs partners and is open to Honda
Nissan Motor's CEO-in-waiting, Ivan Espinosa, is considering a partnership with Honda or other companies to advance intelligent car technology, as Nissan faces challenges including slumping sales and the need for new electric vehicles. Additionally, Espinosa aims to accelerate product development to reinvigorate the car lineup.
Foxconn plans EV event in Japan to woo manufacturers, sources say
Chief EV strategy officer Jun Seki, a former Nissan executive hired by Foxconn in 2023, is expected to speak, added the source. Both sources sought anonymity as the plan is not yet public. Foxconn declined to comment on both the April event and the Mitsubishi deal, the first Japanese contract clinched by its Contract Design and Manufacturing Service (CDMS), which aims to make EVs for car brands.
Autos lead Asian market losses after Trump's latest tariffs salvo
Donald Trump's announcement of a 25% tariff on all imported vehicles and parts rattled Asian markets, causing significant drops in major automakers' shares. The tariffs, set to begin on April 3, targeted foreign-made cars and key auto parts, with Japan and Canada expressing regret. Trump's hardline trade policies fuel fears of a global recession.
Nissan picks chief planning officer Espinosa as successor for CEO Makoto Uchida
Nissan announced that Ivan Espinosa will take over as chief planning officer from April 1, succeeding Makoto Uchida. Uchida steps down amid pressure from declining earnings and failed merger talks with Honda. Espinosa's extensive experience in product planning and development is expected to drive Nissan's electric vehicle initiatives forward.
Nissan to announce management shake-up, sources say, as CEO Makoto Uchida's future comes into focus
Nissan Motor is considering replacing CEO Makoto Uchida due to declining business performance and a failed merger with Honda Motor. Talks of combining to form a $60 billion car company fell apart after Honda's proposal to make Nissan a subsidiary was rejected.
Nissan says ‘No’ to Honda’s merger terms—Shaking up the auto market as stocks react sharply
Nissan rejects Honda’s merger terms, putting the highly anticipated auto industry deal at risk. The proposed merger aimed to create the world's third-largest carmaker, but Nissan’s leadership strongly opposed Honda’s latest terms, which would make Nissan a subsidiary.
Nissan may call off merger talks with Honda, source says
Nissan may halt its merger discussions with Honda, with board members expected to meet soon to decide. Talks stalled after Honda suggested Nissan become a subsidiary, deviating from initial plans. Honda is concerned about Nissan's progress in its turnaround. Both companies declined to comment but indicated an announcement in mid-February.
Honda and Nissan consider mutual production of vehicles
Japanese auto giants Honda and Nissan are exploring a major partnership. They may produce cars in each other's factories. Honda might supply hybrid vehicles to Nissan. The companies are even considering a merger. This could create the world's third-largest carmaker. The partnership aims to boost their competitiveness.
Nissan CFO Stephen Ma to step down: Reports
Nissan Motor's CFO Stephen Ma is expected to resign, with uncertainty whether he will exit the company or face a demotion. Ma has been in the position since 2019. This development follows Nissan's recent profit warning and announcement of global job cuts due to declining sales, especially in the U.S. and China.
Renault and Nissan forgo Wednesday announcement of alliance deal - sources
In their discussions, Renault is looking to Nissan to invest in its electric vehicle business, while Nissan is seeking the sale of part of Renault's 43% stake in Nissan to put the two partners on a more equal footing.
Nissan, Renault relationship should be 'more equal' Renault CEO tells Nikkei
The two companies said last week they were in talks about a new phase in their partnership that could include Nissan investing in a new electric vehicle venture Renault plans to carve out from its business.
Nissan India announces expansion of dealership, service station network
In the run-up to the launch of the all-new Nissan Magnite next month, Nissan India has further strengthened customer-centric services with highly-trained channel partners, an end-to-end digital ecosystem and virtual showroom with vehicle configurator, Nissan Motor India said in a release.
Blow to Nissan as top executive decides to quit
Jun Seki, the vice chief operating officer in charge of Nissan’s performance recovery, plans to join Japanese manufacturer Nidec as president and COO.
Nissan chair Carlos Ghosn's arrest throws biggest auto alliance into turmoil
Ghosn, a towering figure in the industry who saved Nissan from collapse, was arrested in Tokyo on Monday.
Nissan aims for China sales of 2 mn cars per year by 2017-2018
Nissan said it sold 1.27 million vehicles in China last year, making it the Japanese automaker's second-largest car market.
Ex-Nissan worker arrested for corporate secrets theft from Japanese automaker
Kenichi Okamura, who was working at the company's office in Atsugi when the alleged incident occurred, denies involvement, NHK added.
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