Tag: $Nissan

Struggling Nissan names new CEO

Nissan said Tuesday that Ivan Espinosa, its chief planning officer, would take the helm from April 1, ending weeks of speculation over who will succeed Makoto Uchida as leader of the troubled Japanese carmaker.

Nissan and Honda ditch $60 billion merger talks and face new uncertainty

Nissan and Honda ended merger talks to forge a $60 billion carmaker on Thursday, pitching Nissan deeper into uncertainty and underlining the challenge for legacy auto companies as Chinese rivals upend the industry.

Nissan board agrees to scrap $60 billion Honda merger talks, source says

Nissan is set to call off merger talks with rival Honda, a source said on Wednesday, abandoning a $60 billion plus tie-up that would have created the world’s no.3 automaker and raising questions about how it will drive a turnaround by itself.

Honda shares set for best day in more than 16 years on share buyback plan, Nissan deal

Shares of Japanese automaker Honda were on track for their best day in 16 years after it announced to buy back up to 1.1 trillion yen ($7 billion) of its shares on Monday amid merger talks with Nissan

Honda and Nissan officially begin merger talks to create world’s third-largest automaker

Japanese automakers Nissan and Honda on Monday announced they had entered into official talks to merge and create the world’s third-largest automaker by sales.

Japan’s Honda and Nissan to reportedly begin merger talks

Japanese automakers Nissan Motor and Honda Motor reportedly plan to enter into negotiations for a merger to better compete in the rapidly changing global automotive industry, the Nikkei newspaper reported Tuesday.

Nissan says about 1,000 US staff accept early retirement

About 6% of Nissan Motor staff in the United States have accepted early retirement packages, a company spokesperson said on Thursday, as part of the struggling Japanese carmaker’s plan to cut 9,000 jobs worldwide.

Nissan to buy back 5% of its own shares from partner Renault

Japanese carmaker Nissan (7201.T), opens new tab will buy back 5% of its own shares from its French partner Renault (RENA.PA), opens new tab, the companies said on Thursday.

Mitsubishi Motors’ shares up on reports it will join Honda-Nissan partnership

Shares in Mitsubishi Motors surged on Monday following media reports that the Japanese automaker is in talks to join Nissan’s and Honda’s planned strategic partnership.

Nissan to start producing EVs for Dongfeng Motor by year-end, Nikkei reports

Nissan Motor will produce electric vehicles for its Chinese joint-venture partner Dongfeng Motor at its Wuhan factory by year-end, the Nikkei newspaper reported on Tuesday, a sign of pressure on the automaker’s China business.

Nissan upbeat on annual profit despite challenges

Japan’s Nissan Motor expects to beat analyst estimates with a 5.5% rise in operating profit this fiscal year on higher global sales, it said on Thursday, while warning that intense competition and challenges from inflation would continue.

Nissan cuts annual operating profit estimate by 14.5% on lower sales

Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday, citing lower-than-expected vehicle sales and other factors.

Nissan shares plunge over China demand worries

Nissan shares plunged over 11% in morning trade Friday, wiping around $1.8 billion off its market value.

Nissan seals Renault deal, now faces hard yards in China

TOKYO/PARIS, July 26 (Reuters) – Nissan will invest up to $663 million in Renault’s (RENA.PA) new electric vehicle unit, the automakers said on Wednesday, as they finalised terms of their restructured partnership after months of negotiation clouded by tension.

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Nissan expects 38% full-year profit rise on stronger sales outlook

Nissan Motor Co on Thursday flagged a better-than-expected 38% rise in profit this year on stronger sales, a rosier outlook for the Japanese automaker as it retools its often difficult alliance with Renault and faces headwinds in China.