Nissan Motor Co., Ltd.OTCPK - Current
Mon, Nov. 28, 3:15 AM
- Eight of Europe's largest carmakers are on course to miss carbon dioxide emissions targets that come into force in 2021, leaving them facing the prospect of billions of euros in fines.
- Only four of the 12 largest companies - Peugeot Citroen (OTCPK:PEUGF), Toyota (NYSE:TM), Renault-Nissan (OTC:RNSDF, OTCPK:NSANF) and Volvo (OTCPK:GELYF) - are on track to hit incoming EU goals, according to PA Consulting group, which advises many of the companies on manufacturing and technology.
Tue, Nov. 22, 10:42 AM
Mon, Nov. 7, 4:45 AM
- HSBC +3.4% premarket as investors shrugged off an 86% drop in pretax profit following a big loss on the sale of its Brazilian business.
- Nissan Motor (OTCPK:NSANY) cut its first-half net income forecast as a strong yen offset rising sales, but maintained its full-year dividend plan.
- Softbank's (OTCPK:SFTBY) second quarter profit rose nearly 7%, boosted by a strong performance in its domestic telecoms division.
Mon, Oct. 31, 2:22 AM
- A single market and customs union? Nissan's (OTCPK:NSANY) decision last week to keep investing in Britain came after Business Secretary Greg Clark told the carmaker the U.K. was aiming for tariff-free motor trade with Europe post-Brexit.
- At the same time, Theresa May has said she wants greater immigration controls and freedom from the oversight of the European court of justice; a combination of aims that Brussels politicians have repeatedly said is unachievable.
Wed, Oct. 19, 4:21 AM
- Nissan (OTCPK:NSANF) CEO Carlos Ghosn will become chairman of Mitsubishi Motors (OTCPK:MMTOF) after Nissan completes the $2.3B acquisition of a 34% stake in its smaller rival, Nikkei reports (via Reuters).
- Current Mitsubishi Chairman Osamu Masuko will retain his role as President.
- Nissan's purchase of the holding comes after Mitsubishi admitted to falsifying the mileage in some of its vehicles.
- Mitsubishi jumped 8.05% in Tokyo while Nissan closed +0.5%.
Thu, Sep. 15, 4:33 AM
- Mitsubishi Motors (OTC:MMTOY) continues to improperly test the fuel economy of its vehicles, according to Japan's transport ministry, months after first admitting to manipulating fuel-economy data to inflate mileage results.
- The announcement is the latest setback for Mitsubishi. In April, it confessed to altering figures on four car models - two of which were manufactured for Nissan (OTCPK:NSANY) - and last month, another eight of its vehicles were pulled from the market.
Thu, Jul. 28, 5:05 AM
- New-vehicle sales are expected to decrease 1 percent year-over-year to a total of 1.5 million units in July 2016, resulting in an estimated 17.5 million seasonally adjusted annual rate ("SAAR"), according to Kelley Blue Book.
- Following a weaker-than-anticipated sales month in June, Kelley Blue Book expects new-car sales to bounce back to the mid-17 million SAAR range in July, helped by a strong Fourth of July weekend, increased incentives and continued growth in leasing. Sales in the first half of the year totaled 8.6 million units, which was the highest first-half volume since 2001.
- "The new-car market currently appears to be reaching its peak in terms of sales, and now there is a better chance that 2016 won't be another record year, as year-over-year comparisons for the remainder of 2016 will be tough," said Tim Fleming, analyst for Kelley Blue Book. "After a record new-car sales total in the United States in 2015, Kelley Blue Book's full-year forecast for 2016 now calls for sales in the range of 17.4 million to 17.8 million, which would range anywhere from a slight year-over-year decline to a 2 percent increase."
- Key Highlights for Estimated July 2016 Sales Forecast:
- In July 2016, new light-vehicle sales, including fleet, are expected to hit 1,500,000 units, down 1 percent from July 2015 and down 1 percent from June 2016.
- The SAAR for July 2016 is estimated to be 17.5 million, which is even with July 2015 and up from 16.6 million in June 2016.
- Retail sales are expected to account for 84 percent of volume in July 2016, down from 84.4 percent in July 2015.
- GM could have one of the biggest volume declines of the major manufacturers in July, at an expected 4 percent decline. Much of the monthly decline can be attributed to a drop in rental sales, as GM continues to focuses on increasing retail share. However, to drive new sales, GM also has increased incentive spending, with the average climbing to nearly $4,000 per unit.
- Nissan (OTCPK:NSANY) could gain the most market share in July, with a projected 4 percent increase in volume, due to strong months from the Frontier and Rogue.
- Source: Press Release
Thu, Jul. 21, 7:23 PM
- The Obama administration will invest as much as $4.5B to build electric car charging stations, aiming to complete a U.S. network by 2020 to make “coast-to-coast, nationwide zero-emissions travel” a reality.
- The government plan will release Energy Department loan guarantees to support a commercial scale roll-out of charging stations, with federal, state and local governments partnering with automakers such as Ford (NYSE:F), General Motors (NYSE:GM), Nissan (OTCPK:NSANF, OTCPK:NSANY) and Tesla (NASDAQ:TSLA).
- Charging infrastructure has been a major obstacle to widespread adoption of electric cars, but Kelley Blue Book analyst Karl Brauer tells Bloomberg that longer battery ranges probably would do the most toward boosting electric car numbers.
Tue, Jul. 5, 3:58 AM
- Although their growth is set to slow, Renault's (OTCPK:RNLSY) carmaking alliance with Nissan (OTCPK:NSANY) achieved record savings of €4.3B last year.
- Renault-Nissan SVP Arnaud Deboeuf also told reporters it was too early to assess Brexit effects on Nissan's operations in the country.
- Since its creation in 1999, the Franco-Japanese alliance has combined some vehicle architectures, manufacturing assets and corporate functions.
Wed, Jun. 22, 3:41 AM
- Mitsubishi Motors (OTC:MMTOY) is predicting a net loss of ¥145B ($1.4B) for 2016 as it faces hefty compensation costs and falling sales in the wake of a mileage-cheating scandal.
- The forecast would mark the company's first loss in eight years after admitting in April to overstating the fuel economy on four of its minivehicles, including two models it produced for Nissan (OTCPK:NSANY).
Wed, May 11, 7:10 PM
- Nissan (OTCPK:NSANY) is looking at taking as much as a 33% stake in Mitsubishi Motors (OTCPK:MMTOF), recently hit by a fuel-economy scandal, Bloomberg reports.
- It would join other suitors, including BAIC Motor, in talks that Japanese media say are further along than preliminary. The companies' boards are expected to meet Thursday.
- A price for such a stake might take into account the possible liability tied to the fuel-economy scandal.
- Mitsubishi is likely to issue new shares and sell those to Nissan in a private placement, Nikkei says.
- OTCPK:MMTOF rose 16.3% in heavy trading on OTC markets today.
- Now read Nissan CEO Wrong About Self-Driving Cars And Ride-Sharing »
Wed, Mar. 30, 3:42 AM
- Takata (OTCPK:TKTDY) has estimated that a comprehensive callback of its airbag inflators would total about ¥2.7T ($24B), sending its shares tumbling by a fifth to an all-time low.
- The worst-case recall scenario would involve 287.5M airbag inflators, sources told Bloomberg.
- Big Takata customers are also feeling the heat: Honda (NYSE:HMC) -3.6%, Nissan (OTCPK:NSANY) -3.7% and Toyota (NYSE:TM) -2.5% in Tokyo.
Mon, Feb. 29, 3:27 AM
- Nissan rose as much as 12% today after stating it would buy back up to ¥400B ($3.5B) worth of its own shares by the end of the year.
- The stock was trailing peer Toyota and benchmark indexes, even as the company boosted earnings on rising sales in the U.S. and China.
- Separately, Renault (OTCPK:RNLSY) said that it would sell shares as part of the program to maintain its current 43.4% stake in Nissan, which in turn owns 15% of the French automaker.
Fri, Jan. 8, 3:04 AM
- Laying out more driverless goals, Renault (OTCPK:RNLSY) and Nissan (OTCPK:NSANY) have confirmed plans to launch 10 car models equipped with autonomous drive technology within five years.
- CEO Carlos Ghosn laid out the following milestone schedule: The plan kicks off this year with "single-lane control" and expands into "multiple-lane control" by 2018. Owners will then have the technical freedom to go hands-off with "intersection autonomy" by 2020.
Dec. 15, 2015, 3:53 AM
- After settling a dispute with the French government over the balance of power in their car-making partnership, Renault (OTCPK:RNLSY) and Nissan (OTCPK:NSANY) will step up integration without moving toward a full merger.
- "I don't think we're ready," alliance chief Carlos Ghosn told reporters. "Yeah, I know the markets want a merger. It's not only about the market. It's about the sustainability of what we're doing."
Nov. 9, 2015, 4:44 AM
- Following a week of mounting tensions over the role of the state in automaker Renault, French Prime Minister Manuel Valls said Sunday he is opposed to a full merger of Renault (OTCPK:RNLSY) and Nissan (OTCPK:NSANY), but wants to "preserve the alliance."
- The two companies have been in a tech and capital partnership since 1999, making it one of the most enduring tie-ups in the sector. Renault holds a 43.4% stake in Nissan, while one of its subsidiaries controls 15% of its French partner.
- Renault shares -2.7% in France.
- Previously: French government pushing for Renault-Nissan merger (Nov. 04 2015)