Nissan Motor Co., Ltd. (NSANF) - OTCPK - Current
  • 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, May 11, 7:10 PM | 3 Comments
  • Sep. 17, 2013, 10:24 AM
    • Electric car-charging company ECOtality (ECTY) has filed for bankruptcy protection, sending its shares plummeting 28.4%.
    • Nissan (NSANY.OB) has agreed to provide a term loan of up to $1.25M at interest of 5% a year.
    • ECOtality plans to use the money to operate until its assets have been sold in a bankruptcy auction.
    • The Chapter 11 filing comes after ECOtality defaulted on a 2015 convertible loan.
    • The bankruptcy is likely to stoke controversy given that ECOtality has received $96M of a $115M stimulus grant. (8-K)
    | Sep. 17, 2013, 10:24 AM | 4 Comments
Company Description
Nissan Motor and its subsidiaries are engaged in the manufacture and sale of automobiles.
Industry: Trucks & Other Vehicles
Country: Japan