Nissan Motor Co., Ltd. Sponsored ADR (NSANY)
OTC PINK OTC PINK Primary Summary
Exclusive: Nissan to cut more output at Kyushu plant on chip supply troubles
Japan's Nissan will cut production by another 1,400 vehicles at its Kyushu plant next week, as the fallout from chip supply disruptions linked to Chinese-owned Nexperia continues to affect its domestic operations, a person familiar with the matter said.
S&P lowers Nissan's rating to BB- from BB
S&P Global Ratings said on Friday it has downgraded its rating of Nissan Motor's credit by one notch on continuing pressure on its profitability, while taking a negative view of the outlook for the Japanese automaker.
Nissan to cut jobs at European regional office as part of global overhaul
Nissan will eliminate 87 positions at its European regional office in France, a company document and internal emails showed, as part of CEO Ivan Espinosa's global restructuring and turnaround plan that includes a 15% cut in headcount.
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Nissan Motor Co., Ltd. Sponsored ADR Profile
| Automobiles Industry | Consumer Discretionary Sector | Mr. Ivan Espinosa CEO | OTC PINK Exchange | US6547444082 ISIN |
| JP Country | 133,580 Employees | - Last Dividend | 26 Mar 1984 Last Split | - IPO Date |
Overview
Nissan Motor Co., Ltd., a multinational automobile manufacturer headquartered in Yokohama, Japan, operates on a global scale, offering a wide variety of vehicles and automotive parts. The company, established in 1933, has developed a diverse portfolio over the years, which includes the manufacturing and selling of vehicles under two primary brands: Nissan and Infiniti. Besides automotive manufacturing, Nissan is also engaged in a broad spectrum of related activities, including financial services, design, engineering, and real estate, among others. With a significant emphasis on innovation, particularly in electric vehicles and lithium-ion battery technology, Nissan continues to play a pivotal role in the automotive industry.
Products and Services
- Vehicles and Automotive Parts: Nissan manufactures a vast range of vehicles and automotive parts, including engines, manual transmissions, and axles. The products cater to various market segments, offering everything from economic models to luxury vehicles through its Nissan and Infiniti brands.
- Financial Services: The company offers a suite of financial products, including auto credit, car leasing, card business, insurance agency services, and inventory finance. These services are designed to facilitate the purchase of vehicles and to support dealer inventory management.
- Design and Engineering: Engaged in the exterior and interior design of automobiles, Nissan focuses on the aesthetic and functional aspects of its vehicles. This is complemented by its efforts in the analysis of new materials and devices, aiming at innovation in automotive design and performance.
- Lithium-ion Batteries for Automotive Use: Specializing in the development, manufacturing, and sales of lithium-ion batteries, Nissan is at the forefront of electric vehicle technology. These batteries are crucial for powering electric vehicles, a market segment that is increasingly important for the automotive industry.
- Retail and Real Estate: Beyond automotive, Nissan also ventures into retail and real estate. This includes the import and sale of Renault cars and parts, management of professional soccer clubs, and hosting sports events. These endeavours illustrate Nissan’s diversified interests beyond traditional automotive manufacturing.
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