Page 2 - Nissan

LinkedIn profiles expose bogus claims at fake parts supplier to jet engines

Kwong, if he even exists, was never employed at Nissan, or at ANA for that matter. Neither company has records of him as a former worker, they said in response to queries by Bloomberg News

Major global firms warn of slow China sales as post-pandemic surge fades

Caterpillar, global firms have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce

Nissan to invest up to 600 mn euro in Renault EV unit as part of new pact

The investment in Ampere is consistent with Nissan being a strategic investor and securing a board seat on the new company, Nissan said

Nissan, Renault to announce restructured alliance deal in days: Report

That timeline slipped when senior Nissan executives and some directors challenged detailed provisions of deal and the benefits and protections for Nissan's intellectual property

Carlos Ghosn sues Nissan, connected individuals over his 2018 ouster

The arrest of Ghosn, 69, sent shockwaves through the global auto industry and unleashed turmoil within Nissan that continues to this day

Nissan operations chief Gupta, once seen as CEO candidate, to leave company

Nissan plans to announce a new executive line-up on June 27, coinciding with his departure, it said in a statement

Nissan rolls out Magnite SUV, marks milestone of 100,000 units at TN plant

Japanese automaker Nissan Motor India has rolled out its one hundred thousandth unit of the popular compact sports utility vehicle 'Magnite' from its joint venture plant in Chennai, the company said on Tuesday. Renault Nissan Automotive India Pvt Ltd commenced operations in 2010 at Oragadam about 45kms from the city. Spread across 600 acres of land, the facility caters to both the domestic and export requirements of Renault and Nissan. A red colour Magnite was flagged off by company executives at the factory, marking the one lakh milestone. "This production milestone achievement underscores Nissan Motor India's commitment in delivering high-quality products and services that exceed customer expectations," a company statement said. Nissan Motor India launched the Magnite in December 2020. "The production of the 100,000th Magnite is testimony to Nissan's brand promise of providing its customers products that are high on value, safety and strong customer service, making it a global ..

Nissan reports surging profit amid strong sales, easing chip crunch

Japanese automaker Nissan reported Thursday a seven-fold surge in January-March profit and forecast strong sales for this fiscal year riding on the popularity of its new model offerings. Nissan Motor Co.'s net profit for the fiscal fourth quarter totalled 106.9 billion yen (USD 798 million), up dramatically from 14.2 billion yen a year ago. Quarterly sales jumped 36 per cent to 3.097 trillion yen (USD 23 billion), amid an easing of the supply shortage of computer chips and other parts, which had been caused by social restrictions related to the coronavirus pandemic. Chief Executive Makoto Uchida told reporters the automaker was preparing all-solid-state batteries for its electric models, as the world makes a rapid shift toward green zero-emissions technology. He acknowledged serious challenges remained but promised to boost Nissan's profitability, especially in key markets like China. A midterm plan will be outlined later this year to transform Nissan into a truly healthy and ...

Nissan in talks to boost its UK plant as Renault haggling continues

The UK has been struggling to attract investment from the auto industry in the aftermath of Brexit

Renault Nissan inks agreement with Kamarajar Port for car shipments

So far, over more than 13 years, the Alliance has exported over 1.15 million cars from Kamarajar Port to around 108 global destinations

Nissan to develop new powertrains, may cut cost of hybrid cars by 30%

By enhancing the common parts that underpin a vehicle, the Yokohama-based automaker expects to be able to lower the cost of its hybrid cars to the same level as gasoline-powered cars by 2026

S&P Global Ratings cuts Nissan's credit rating by a notch to junk status

It will take longer than expected for Nissan's automobile division to recover from wavering sales and production, S&P said in a statement Tuesday

Nissan plans to develop left-hand drive 'Magnite'; to step up exports

Nissan launched the Magnite in December 2020 and since then has logged in bookings of about 100,000

Nissan raises global electrified car sales targets; to boost US input

Nissan now aims to have electrified vehicles - which include its advanced hybrid e-power cars - make up over 55% of global sales by fiscal 2030, up from a previous goal of 50%

Nissan, Renault to invest Rs 5,300 cr in India to make 6 new models

Alliance announces country plan to increase production, scale up research and shift to carbon-neutral manufacturing

Japan's Nissan reports 55% jump in profits as chip shortages decline

Nissan reported a 55% jump in October-December profit Thursday, as the Japanese automaker seeks to embark on a less bumpy journey with its French alliance partner Renault. Profit for the quarter at Yokohama-based Nissan Motor Co. totaled 50.6 billion yen ($386 million), up from 32.7 billion yen the previous year. Quarterly sales surged 29% to 2.8 trillion yen ($21 billion), as a shortage of computer chips that has slammed the world's automakers gradually eased, according to Nissan. The crunch was caused by COVID-19-related lockdowns and other restrictions, which hindered Nissan's ability to deliver vehicles to customers. Some buyers were waiting for a year for their Z sportscar or Ariya sport utility vehicle, said Chief Operating Officer Ashwani Gupta. We really don't want our customers to wait this long, he told reporters. The rising cost of raw materials, inflation pressures and volatile currency exchange rates have added to the risks for the auto industry, including Nissan. N

Renault, Nissan unveil details of major shake up to 24-year-old alliance

Nissan and Renault have unveiled the details of a major shake-up of their often strained 24-year-old alliance, the media reported.

Nissan Motor India's total wholesales rise 28% to 8,991 units in Dec 2022

Nissan Motor India on Monday reported a 28 per cent rise in total wholesales at 8,991 units in December 2022. The company had sold a total of 7,026 units in the same month a year ago, Nissan Motor India said in a statement. Domestic sales were down 32.89 per cent last month at 2,020 units as compared to 3,010 units in December 2021, it added. However, exports grew by 73.6 per cent at 6,971 units over 4,016 units in the year-ago month. "The year has been challenging on the supply side, customer interest has been strong specially in the festive period. The higher purchasing power of the customers is driving interest towards aspirational products," Nissan Motor India Managing Director Rakesh Srivastava said.

Nissan lines up three SUVs for India entry; X-Trail launch confirmed

Juke, which was also showcased on Tuesday, is currently being evaluated for the Indian market

Japanese automaker Nissan says it is pulling out of Russia amid war

Japanese automaker Nissan Motor Co. said on Tuesday that it plans to sell its Russian operations to its local partner and withdraw from manufacturing there. The company said its executive committee approved the sale to Russia's Central Research and Development Automobile and Engine Institute, or NAMI. The sale includes Nissan's factory and R&D facilities in St. Petersburg and its sales and marketing centre in Moscow, it said. The company will operate under a new name. Nissan did not give a dollar value for the sale but said it would log a 100 billion yen (USD 680 million) impact" from its exit from Russia. While we cannot continue operating in the market, we have found the best possible solution to support our people," Nissan President and CEO Makoto Uchida said in a statement. Nissan began making SUVs in St. Petersberg in 2009. It suspended manufacturing in Russia in March after the invasion of Ukraine. The company said the terms of the sale give Nissan the option to buy back it