Nissan Motor Co., Ltd. Sponsored ADR (NSANY)
How Nissan lost its status as Honda equal
Japan's Nissan Motor is open to working with new partners including even technology firms after merger talks with cross-town rival Honda Motor foundered, people familiar with the automaker's thinking have said.
Nissan ready to walk away from Honda merger talks
Nissan plans to pull out of merger discussions with Honda after the larger automaker proposed making it a subsidiary, a move Nissan opposes, according to media outlets citing sources familiar with the talks. The two companies signed a memorandum of understanding (MOU) in December to explore forming a holding company, which would have created the world's third-largest automaker.
Nissan CEO Uchida tells Honda CEO Mibe he wants to terminate merger talks, Asahi reports
Nissan Motor CEO Makoto Uchida told his Honda counterpart Toshihiro Mibe that he wants to terminate their discussions over a possible merger, the Asahi newspaper reported online on Thursday.
How Nissan's deal to create an auto powerhouse fell apart
Two industry powerhouses were slated to team up, but that will no longer happen. Transcript: Conway Gittens: A deal to create the world's third biggest automaker is falling part.
Nissan, Honda respond to reports of potential merger being scrapped
Nissan and Honda, both major automakers based in Japan, responded Wednesday to reports that a potential merger of the two companies could beat risk of being abandoned.
The Nissan-Honda Deal Was Never a Merger of Equals. The Truth Hurts.
Nissan wants to be considered an equal with Honda, according to a report. This could sink the deal.
Nissan Withdraws Honda Integration Plan, Nikkei Says
Nissan is pulling out of its deal with Honda to combine both brands and regain global competitiveness, the Nikkei newspaper reported. The Tokyo Stock Exchange suspended trading of Nissan's shares in response to the report.
Nissan reportedly balks at Honda's terms, putting their merger in doubt
Shares of Nissan Motor Co. and Honda Motor Co. rose overnight following reports that the automakers' proposed merger may be scrapped.
Nissan and Honda shares rise as report says automakers may call off merger talks
Honda and Nissan are considering calling off their merger talks, Japan's Asahi Shimbun reported on Wednesday citing several sources. The boards of both companies are reportedly meeting soon to table the termination of the merger, the sources said.
Nissan and Honda may call off merger talks, Asahi says
Japanese automakers Honda and Nissan may call off merger talks, the Asahi newspaper reported on Wednesday, with the boards of both manufacturers to meet separately in the near future to discuss next steps.
Trump tariffs will only add to the pain for hard-hit Nissan
One of the biggest casualties of Donald Trump's potential tariffs on Mexico and Canada is likely to be the Japanese automaker that can least afford the pain: Nissan.
Nissan plans production cuts at these two U.S. plants
Nissan is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker's urgent efforts to return to profitability.The move is part of Nissan Motor Corp.'s plans, announced two months ago, to slash 9,000 jobs globally, including in China, after it racked up a quarterly loss due to sinking sales and ballooning inventory.At Nissan's plant in Smyrna, Tennessee, one production line will maintain two shifts, while the other line will consolidate to one shift, the company said.The Smyrna plant makes Murano, Pathfinder and Rogue sport-utility vehicles and the Infiniti QX60 luxury model.In the Canton plant in Mississippi, which makes the Altima sedan and Frontier pickup, Nissan is reducing the speed on one line and consolidating another.In the Decherd plant in Tennessee, which makes engines, shift adjustments will be more gradual. Some will be maintained while others will be reduced by one shift, it said.When it announced its recovery plan in November, Nissan didn't give details on where the job cuts might come.The workforce reduction of 9,000 people amounts to about 6% of its more than 133,000 global employees.
