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Nissan Motor Co

Honda ready to revive takeover talks if Nissan CEO Uchida steps down

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

Updated On: 18 Feb 2025 | 9:46 AM IST

Hon Hai offers Renault a lifeline, says open to buying its stake in Nissan

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

Updated On: 12 Feb 2025 | 1:45 PM IST

Aim is cooperation with Nissan, not acquisition: Foxconn's Young Liu

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

Updated On: 12 Feb 2025 | 11:26 AM IST

Announcement of direction of possible merger with Honda by mid-Feb: Nissan

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

Updated On: 31 Jan 2025 | 9:32 AM IST

Foxconn in talks with Nissan shareholder Renault, says Taiwan's CNA

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

Updated On: 19 Dec 2024 | 10:34 AM IST

Foxconn approaches Nissan to take controlling stake as Honda eyes merger

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

Updated On: 18 Dec 2024 | 12:03 PM IST

Nissan, Honda consider merger to take on world's biggest carmaker Toyota

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

Updated On: 18 Dec 2024 | 8:04 AM IST

Nissan boss Uchida races to save the struggling company and his job

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

Updated On: 05 Dec 2024 | 8:51 AM IST

Nissan Oct production down globally except Mexico amid Trump tariff threat

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

Updated On: 28 Nov 2024 | 12:02 PM IST

Nissan convinces US court to decertify brake defect class actions

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

Updated On: 23 Nov 2024 | 10:10 AM IST

Nissan Motor India commences export of new SUV Magnite to South Africa

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

Updated On: 19 Nov 2024 | 4:59 PM IST

Nissan to axe 9,000 jobs, cut production on weak China and US sales

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

Updated On: 07 Nov 2024 | 6:29 PM IST

Nissan Motor upbeat on annual profit with 5.5% rise despite challenges

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

Updated On: 09 May 2024 | 10:01 PM IST

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

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

Updated On: 19 Apr 2024 | 2:43 PM IST

Nissan Motor India recalls Magnite units to fix front door handle sensors

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.

Updated On: 18 Apr 2024 | 12:02 PM IST

Nissan shares plummet 11.7% as Q3 earnings highlight China worries

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

Updated On: 09 Feb 2024 | 10:11 AM IST

Nissan Motor India names Saurabh Vatsa as Deputy Managing Director

Nissan Motor India on Monday said it has appointed Saurabh Vatsa as the Deputy Managing Director with immediate effect. He will report to Managing Director Rakesh Srivastava and support in implementing the company's ongoing transformation roadmap, the automaker said in a statement. The appointment is reflective of the company's transformation plan to meet the opportunities and challenges ahead for the automotive industry in India, it added. Vatsa joins Nissan from Stellantis, where he was a member of the Stellantis leadership team and spearheading the Citroen brand since its inception in India. "His (Vatsa) appointment underpins our commitment to invest USD 600 m USD (Rs 5,300 crore) in India as part of the Alliance and introduce more products for the Indian consumer as part of the transformation plan," Nissan India Operations President Frank Torres said.

Updated On: 15 Jan 2024 | 6:44 PM IST

Nissan, Honda get some relief as weak yen amplifies uptick in sales

It raised its full-year forecast by nearly 13% to 620 billion yen due to a favourable impact of a weak yen and improvements in global retail sales, excluding China

Updated On: 09 Nov 2023 | 10:17 PM IST

Renault India achieves 1 mn production milestone, targets 2-mn mark by 2030

French automaker's alliance with Renault SA plans to invest Rs 5,300 cr in India

Updated On: 14 Jun 2023 | 8:24 PM IST

Foreign automakers get a second chance as India transitions to EVs

But with the advent of EVs, firms like MG Motor India Pvt, the local unit of China's SAIC Motor Corp., Renault SA, Nissan Motor Co. and Volkswagen AG may finally gain a better foothold

Updated On: 13 Jun 2023 | 8:28 AM IST