Nissan Motor Co., Ltd. ADR(NSANY)- OTCPK - Current
  • Thu, Sep. 15, 7:58 AM
    • Nissan (OTCPK:NSANY) car registrations +1.3% to 25,785 units in August, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +10.0% Y/Y to 819,126 units in August, led by strong growth in Italy and Spain. Registrations were up 8% in Germany and 3% in the U.K.
    • Nissan market share: 3.0% vs. 3.3% a year ago.
    • Nissan YTD registrations -1.9%.
    • EAMA release (.pdf)
    | Thu, Sep. 15, 7:58 AM
  • 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, Sep. 15, 4:33 AM
  • Wed, Sep. 14, 7:48 AM
    • Automobile sales rose 17% in India during August to 258,722 units, according to the Society of Indian Automobile Manufacturers. Sales growth has been in positive territory every month this year, including over 10% in three of the last five months.
    • A long stretch of rainfall early in the summer amid the monsoon season pushed some demand into August, observe analysts. Most forecasts call for Indian auto sales this fiscal year to top last year's mark.
    • Related stocks: OTCPK:SZKMF, HMC, TTM, OTCPK:BMWYY, OTCPK:VLKAY, OTCPK:NSANY.
    | Wed, Sep. 14, 7:48 AM
  • Fri, Sep. 9, 7:28 AM
    | Fri, Sep. 9, 7:28 AM | 30 Comments
  • Thu, Sep. 1, 11:17 AM
    • Nissan (OTCPK:NSANY) unit sales -6.5% to 124,638 units to miss the -2% drop forecast by Kelley Blue Book.
    • Truck sales increased 18% Y/Y to 66,847 units. Car sales fell off 25% to 57,791 units.
    • Sales growth by brand: Nissan -6.9% to 114,199 units; Infiniti -1.8 to 10,439 units.
    • YTD Nissan sales +5.4% to 1,055,027 units.
    | Thu, Sep. 1, 11:17 AM
  • Wed, Aug. 31, 10:26 AM
    • U.S. auto sales are expected to show a decline of 2% to 5% for August amid a dialing back of discounting activity, according to the range of forecasts from Kelley Blue Book, Edmunds, J.D. Power, and LMC Automotive. General Motors  is poised to report a loss of market share as its plan to cut out fleet sales impacts volume.
    • Bloomberg estimates the seasonally adjusted selling rate for the month will be 17.2M, down from 17.9M last month.
    • The sales dip isn't necessarily a bottom line drag for the sector due to reduced discounting and the increasing mix of higher-profit SUVs and trucks. But higher profit hasn't lifted automaker stocks this year, with the group having trouble gaining traction and trading with low forward PE multiples (GM 5.5, Ford 6.8, Honda 10.5, Toyota 10.9).
    • Auto parts stocks (LEA, TEN, BWA, DAN, MPAA, CPS, DLPH, AXL, TOWR, ACW, FENX, MTOR, THRM, SMP, ALV, MOD, SRI) will be on watch tomorrow when the reports roll in as the sector frequently sees some extra volatility on days U.S. auto sales are disclosed.
    • Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY,  TSLA, OTC:HYMLF, OTCPK:FUJHY, RACE.
    | Wed, Aug. 31, 10:26 AM | 66 Comments
  • Mon, Aug. 29, 3:08 PM
    | Mon, Aug. 29, 3:08 PM | 61 Comments
  • Fri, Aug. 26, 9:43 AM
    • Edmunds.com projects new car sales in the U.S. will increase in August to 1,553,508 units, up 1.1% M/M and down 2.5% Y/Y. The mark is high enough to keep the U.S. auto industry on pace for a record year by volume.
    • Forecasts by major manufacturers are posted below.
    • General Motors (NYSE:GM): -5.7% Y/Y to 255.151K units, market share of 16.6%.
    • Toyota (NYSE:TM): +1.9% to 218.237K units, market share 14.2%.
    • Ford (NYSE:F): -9.8% to 210.923K, market share of 13.8%.
    • Fiat Chrysler Automobiles (NYSE:FCAU): +0.6% to 202.783K units, market share of 13.2%.
    • Honda (NYSE:HMC): +2.5% to 159.309K units, market share 10.4%.
    • Hyundai/Kia (OTC:HYMLF): +1.2% to 132.475K, market share 8.6%.
    • Nissan (OTCPK:NSANY): -1.5% to 131.3579K units, market share 8.6%.
    • Volkswagen/Audi (OTCPK:VLKAY): -8.7% to 46.68K, market share 3.0%.
    | Fri, Aug. 26, 9:43 AM | 20 Comments
  • Thu, Aug. 25, 8:28 AM
    • Singapore became the first country in the world to offer a self-driving taxi service with the targeted launch of nuTonomy. A full roll-out of an autonomous taxi service across the nation is expected as early as 2018.
    • While self-driving cars from Google (GOOG, GOOGL), Baidu (NASDAQ:BIDU), and others have been out testing on the roads for the last few years, nuTonomy's service is the first commercial application of the nascent technology open to public use. Uber (Private:UBER) plans to test self-driving cars in Pittsburgh next month.
    • NuTonomy will use human drivers as backups in the initial roll-out of the Renault (OTC:RNSDF, OTCPK:RNLSY) Zoe and Mitusubishi (OTCPK:MMTOF) i-MiEV taxis before moving to full autonomy.
    • Other companies with autonomous vehicles on their radar include Mobileye (NYSE:MBLY), Delphi Automotive (NYSE:DLPH), Volvo (OTCPK:GELYF), Ford (NYSE:F), Tesla Motors (NASDAQ:TSLA), Toyota (NYSE:TM), Hertz Global (NYSE:HTZ), Avis Budget (NASDAQ:CAR), Nissan (OTCPK:NSANY), BMW (BAMXY), Intel (NASDAQ:INTC), Honda (NYSE:HMC), FedEx (NYSE:FDX), Lyft (Private:LYFT), and General Motors (NYSE:GM) to name just a partial list -- although analyzing which stocks may benefit from a future of a mix of self-driving cars on the road is a tricky business.
    • Previously: Scientists warn on self-driving car rush (July 8)
    • Previously: Self-driving car push adds a little buzz for restaurants (Aug. 6)
    | Thu, Aug. 25, 8:28 AM | 106 Comments
  • Mon, Aug. 22, 9:03 AM
    • Amazon Prime members in the Los Angeles area can have a Hyundai (OTC:HYMLF) Elantra brought to them for a test drive in a new promotion.
    • It's one of the first attempts of the on-demand test drive concept in the U.S. and an intriguing push by Amazon (NASDAQ:AMZN) to see if it could shake things up in the automobile industry.
    • The company is well-positioned to be used as a selling channel with 63M members now signed up for Prime.
    • Last week, Hyundai announced that it would feature Amazon Alexa in its luxury Genesis model.
    • Related auto stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, BAMXY, TTM, TSLA, AN, KMX, SONC.
    • Hyundai press release
    | Mon, Aug. 22, 9:03 AM | 21 Comments
  • Tue, Aug. 16, 2:07 PM
    | Tue, Aug. 16, 2:07 PM | 206 Comments
  • Tue, Aug. 16, 9:35 AM
    • Ford (NYSE:F) says it will make an announcement at 2:00 p.m. EDT to discuss the company's expanding presence in Silicon Valley and autonomous vehicle development.
    • The automaker will also host a conference call with analysts at 4:00 p.m. to discuss its smart mobility ambitions. The roster of Ford execs on the call include global development and technology heavyweights.
    • Earlier today on CNBC, CEO Mark Fields joined the group of leaders predicting a seismic change in the automobile industry.
    • "Our view is autonomous vehicles could have just as much [of an] impact on society as Ford's moving assembly line did 100 years ago," Fields noted. In an important revelation, Fields says more customers are telling the company that they are interested in the autonomous driving option -- an anecdote that  runs counter to the view of some that drivers don't want to give up the wheel (partially or fully).
    • Field hinted that the scheduled autonomous announcement for today will be significant. It's a development that could have some bearing on the self-driving plans of General Motors (NYSE:GM), Audi (OTCPK:VLKAY), Tesla Motors (NASDAQ:TSLA), Nissan (OTCPK:NSANY), and Toyota (NYSE:TM). Lyft (Private:LYFT) and Uber (Private:UBER) are also feeling their way around the autonomous driving landscape. Plenty of auto suppliers such as Mobileye (NYSE:MBLY), Autoliv (NYSE:ALV), BorgWarner (NYSE:BWA), Tenneco (NYSE:TEN), Dana (NYSE:DAN), STMicroelectronics (NYSE:STM), and Delphi Automotive (NYSE:DLPH) will also be listening intently to details on Ford's plans.
    • Previously: Ford pushes the accelerator on autonomous vehicles (Aug. 16)
    | Tue, Aug. 16, 9:35 AM | 141 Comments
  • Sat, Aug. 13, 11:48 AM
    • Automobile deliveries in China soared 26% Y/Y to 1.6M units in July, according to the China Passenger Car Association. The pace of sales was the highest in over 40 months, although it came against a weak comparable from a year ago.
    • Car deliveries in China are up 11% since the government lowered the tax on small vehicles to 5%.
    • Demand for SUVs and crossovers remained strong, with deliveries up 47% to over 580K. Domestic automakers posted strong growth during the month, led by Guangzho Automobile (+37%), Geely Automobile Holdings (+72%), and Great Wall Motors (+49%).
    • EV watch: A new proposal in China aims to boost EV sales by forcing automakers to produce more electric cars or purchase carbon credit offsets from peers. If Beijing grants final approval, the new rules will replace direct subsidies that are set to expire by 2020. On the production front, LeEco announced plans this week for a $1.8B plant in China capable of producing 400K electric vehicles a year. The online video giant is also a backer of Faraday Futures, the somewhat mysterious EV startup out of California. In Japan, execs with Toyota and Nissan continue to drop hints on a strategy to focus on cheaper EVs.
    • Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BMWYY, GM, OTC:GNZUF, OTC:GNZUY, TSLA, F, OTCPK:NSANY, TM.
    | Sat, Aug. 13, 11:48 AM | 122 Comments
  • Sat, Aug. 6, 10:13 AM
    • Nissan (OTCPK:NSANY) plans to sell its stake in an electric battery production business, according to Nikkei Asian Review.
    • The company is already talking to potential bidders in Asia about its interest in Automotive Energy Supply, owned 51% by Nissan and 49% by NEC.
    • Sales of Nissan's electric battery operations in the U.S. and the U.K. are also in the works as it moves toward a lower-cost strategy of buying batteries from outside sources.
    • Over the long term, an electric battery pullout by Nissan is expected to free up more resources for the development of EV and self-driving car technology.
    | Sat, Aug. 6, 10:13 AM | 2 Comments
  • Fri, Aug. 5, 7:46 AM
    • A group representing Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) has asked Prime Minister Shinzo Abe and his new cabinet to take action on the negative impact of foreign exchange rates.
    • The rise of the yen against key currencies has cut deeply into the profit levels of Japanese automakers and forced cost-cutting measures to be adopted as well as capital expenditure cuts.
    • The Japan Automobile Manufacturers Association wasn't specific on what manner of yen intervention it expects.
    • The automobile industry accounts for ~10% of all jobs in Japan.
    • Japan F/X ETFs: FXY, YCS, JYN, YCL.
    | Fri, Aug. 5, 7:46 AM | 3 Comments
  • Tue, Aug. 2, 10:27 AM
    • Nissan (OTCPK:NSANY) unit sales +1.2% to 132,475 units vs. +3.9% forecast by Kelley Blue Book.
    • Truck sales increased 17% Y/Y to 64,364 units. Car sales fell 10.3% to 68,111 units.
    • Sales growth by brand: Nissan +1.7% to 122,530; Infiniti -5% to 9,945 units.
    • Sales growth by model: Pathfinder -29% to 5,530; Frontier +73% to 7,244; Sentra +0.1% to 18,536; Altima -26% to 24,949; Leaf -10% to 1,063; Infiniti Q50 -26% to 2,805; Infiniti QX60 -2% to 3,701.
    • YTD Nissan sales +7.3% to 930.589 units.
    | Tue, Aug. 2, 10:27 AM