Nissan Motor Co., Ltd. Sponsored ADR (NSANY)
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.
Nissan to Acquire 25% Stake in ChargeScape for EV-Grid Integration
NSANY is set to invest in ChargeScape to extend the latter's services to EV users in the United States and Canada.
Nissan Joins ChargeScape to Boost EV Charging Solutions
Nissan, the Japanese automaker, has announced its investment in ChargeScape, a company specializing in battery charging technology. This move aims to extend ChargeScape's services to electric vehicle (EV) owners in the U.S. and Canadian markets.
Japan's Nissan to invest in auto tech firm ChargeScape
Japan's Nissan Motor said on Monday it would invest an undisclosed amount in ChargeScape and roll out the battery charging technology company's services to its electric-vehicle drivers across the United States and Canada.
Nissan to buy back 5% of its own shares from partner Renault
Japanese carmaker Nissan will buy back 5% of its own shares from its French partner Renault , the companies said on Thursday.
Nissan Motor Co. (NSANY) Upgraded to Buy: Here's Why
Nissan Motor Co. (NSANY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Is Nissan Motor Co. (NSANY) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
