Nissan Motor Co., Ltd. Sponsored ADR (NSANY)
Nissan says about 1,000 US staff accept early retirement
About 6% of Nissan Motor staff in the United States have accepted early retirement packages, a company spokesperson said on Thursday, as part of the struggling Japanese carmaker's plan to cut 9,000 jobs worldwide.
Nissan shares surge after report activist investor Oasis has picked up stake
Nissan Motor shares jumped as much as 6% in early Tokyo trading on Friday after Japan's Diamond Online magazine reported that activist investor Oasis Management had taken a stake in the automaker.
Nissan shares jump more than 20% after activist Effissimo takes stake
Nissan Motor shares jumped as much as 20.6% on Tuesday after a filing showed an entity related to activist investor Effissimo Capital Management had taken a stake in the struggling Japanese automaker.
Nissan Motor Co., Ltd. (NSANY) Q2 2024 Earnings Call Transcript
Nissan Motor Co., Ltd. (OTCPK:NSANY) Q2 2024 Earnings Call November 7, 2024 4:30 AM ET Company Participants Makoto Uchida - President and Chief Executive Officer Stephen Ma - Chief Financial Officer Hideyuki Sakamoto - Executive Vice President, Manufacturing & SCM Operations Conference Call Participants Makoto Ochiai - Nikkei Shimbun Hans Greimel - Automotive News Operator Thank you for joining Nissan's Fiscal Year 2024 First Half Financial Results Announcement.
Nissan Cuts 9,000 Jobs, Slashes CEO's Pay in Half
Nissan will cut 9,000 jobs and reduce manufacturing capacity due to struggling industry conditions and internal weaknesses. The Japanese automaker's CEO will forfeit half his compensation due to the poor performance.
Nissan shares slump after unveiling plan to cut jobs, production
Shares in Nissan Motor slumped as much as 10% in Tokyo trading on Friday after the company said the previous day it will cut 9,000 jobs and 20% of its global manufacturing capacity as it faces struggling sales in China and the United States.
Nissan axing 9,000 jobs, CEO cuts his own pay as US sales slump
The plans underline the vulnerability of Japan's third-largest automaker, having never fully recovered from the disarray that led to the 2018 ouster of former chairman Carlos Ghosn.
Nissan joins global car retrenchment with 9,000 job cuts
Japanese car giant Nissan has announced it is to cut 9,000 jobs from its global workforce but did not specify where the losses will occur or if any will be at its plants in Sunderland. In a results update overnight, Nissan cut its annual forecast for operating profits from Y500bn (£2.5bn) to just Y150bn, slashed the dividend and said it had to create a leaner business.
Nissan to cut 9k jobs, reduce CEO's monthly pay by 50% as company faces 'severe situation'
Nissan is cutting jobs and its CEO's pay after results from the first-half of FY24 showed decreased consolidated net revenue and global sales volumes, and a .5% operating profit margin.
Nissan is slashing 9,000 jobs after a dire financial performance
Nissan is cutting 9,000 jobs globally to reduce costs, the company said Thursday. Sales fell to 1.6 million units due to higher costs, especially in the US.
Nissan plans 9,000 job cuts, slashes annual profit outlook by 70%
Japan's Nissan Motor on Thursday announced various cost saving measures including 9,000 job cuts and slashed its annual outlook for the second straight time this year, as it continues to battle headwinds in major markets such as China.
Nissan may partner with Renault on new small EV for Europe
French automaker Renault is in talks with Nissan to help the Japanese firm bring to market its own version of Renault's electric Twingo, as the alliance partners seek to speed up an affordable EV offering to fend off Chinese competition.
