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 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 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.
Nissan Motor is considering a joint vehicle and powertrain development with Honda Motor in the United States, Nissan CEO Ivan Espinosa told the Nikkei business daily on Thursday.
Ivan Espinosa, CEO of Nissan, discusses the firm's third-quarter earnings, and the impact of global geopolitics on the company's supply chain.
Nissan Motor Co. (NSANY) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Nissan and UK software firm Monolith said on Friday they have extended their partnership using artificial intelligence to reduce vehicle physical testing as the Japanese automaker pushes to slash development times for new cars.
Nissan is recalling 19,077 electric vehicles in the United States due to a potential fire risk linked to overheating during quick charging, the U.S. National Highway Traffic Safety Administration said on Friday.
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Nissan Motor said on Monday it has started testing a new driver-assistance system that uses technology from British startup Wayve, ahead of a planned launch in Japan in the 2027 financial year.
The pension trust of German automaker Mercedes-Benz has sold its entire shareholding in Japan's Nissan Motor for 47.83 billion yen ($324.65 million), a source said on Tuesday.
Nissan Motor shares tumbled on Tuesday after Mercedes-Benz announced plans to offload its 3.8% holding in the Japanese automaker. Mercedes-Benz is Nissan's second-largest shareholder after Renault, LSEG data showed.