Nissan Motor Co

A new CEO, who would be Nissan's fourth in less than six years, could also serve in an interim capacity while the board searches for a permanent replacement

The van makes its way slowly but surely through the city streets, braking gently when a car swerves into its lane. But its steering wheel is turning on its own, and there's no one in the driver's seat. The driverless technology from Nissan Motor Corp., which uses 14 cameras, nine radars and six LiDar sensors installed in and around the vehicle, highlights Japan's eagerness to catch up with players like Google's Waymo that have taken the lead in the US. Japan, home to the world's top automakers, has not kept pace with the global shift to autonomous driving, so far led by China and the US But momentum is building. Waymo is going to land in Japan this year. Details haven't been disclosed, but it has a partnership with major cab company Nihon Kotsu, which will oversee and manage their all-electric Jaguar I-PACE sport-utility vehicles, first in the Tokyo area, still with a human cab driver riding along. During Nissan's demonstration, the streets were bustling with other cars and ...

The next CEO could be installed as a temporary or transitional leader, an option that would give the board more time to find a permanent replacement

If Uchida does exit, his replacement would become the fourth person to lead the carmaker in a little under six years, reflecting a sign of the management turmoil that has plagued Nissan

Nissan CEO Makoto Uchida has expressed his intention to stay until 2026, but is facing pressure to step down in coming months from board members and French partner Renault

The company, known also as Foxconn, had adopted a wait-and-see attitude while Honda and Nissan worked out a plan to integrate their businesses

The deal would have been the latest change in a car industry facing a huge threat from China's BYD and other electric vehicle entrants

The two Japanese automakers have been in talks to explore a merger by 2026, in a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers are posing

Honda, meanwhile, has threatened to end its strategic software partnership with Nissan if it looks to join hands with Foxconn, Nikkei said in an earlier report

News of Foxconn's interest emerged as Honda Motor Co. and Nissan announced they have entered potential merger talks, which would better position the combined company to face competitive challenges

Honda is considering several options including a merger, capital tie-up or the establishment of a holding company, Executive Vice President Shinji Aoyama said

Uchida's tenure has coincided with a tectonic shift in the automotive landscape, as new EV makers challenge decades-old manufacturers

Nissan's worldwide output for October decreased 6 per cent from the same month a year earlier to 290,848 vehicles

Writing for a three-judge panel, however, Chief Judge Jeffrey Sutton said some drivers may never have experienced sudden braking, or sought repairs to begin with

Over 2,700 units of the model have been shipped from the Chennai port within a month after its launch in India

It scrapped its net profit forecast due to ongoing restructuring efforts, which it said would reduce costs by 400 billion yen ($2.6 billion) this fiscal year

It also expects foreign exchange moves to boost its annual results, helping to offset inflationary pressures

Nissan's quarterly sales performance was also hurt by stronger-than-expected US demand for hybrids, Uchida said, a trend that has especially benefited rival Japanese automaker Toyota

Nissan Motor India on Thursday said it is voluntarily recalling Magnite units produced between November 2020 and December 2023 for a retrofit of front door handle sensors. The company did not share the number of affected units. This proactive and mandatory preventive action impacts the base XE and mid XL variants only, with no impact to the safety of customers, the automaker said in a statement on its website. All Nissan Magnite units manufactured after December 2023 remain unaffected, it added. The automaker said it will begin notifying the owners of the affected vehicles and assured them that they can continue using their vehicles without interruption. Customers can visit their nearest authorised Nissan service workshop, where a retrofit of the sensor will be performed free of charge, it added. Nissan Magnite is a five seater compact sports utility vehicle.

That helped the automaker increase sales by 19% year-on-year to 247,000 vehicles in the final three months of last year, he said