U.S. auto safety regulator has opened a preliminary evaluation into 77,131 Nissan vehicles over reports of an issue with the steering tie rod, it said on Wednesday.
Japanese automakers Nissan Motor and Honda Motor agreed to conduct joint research into technologies for a next-generation software platform, they said in a joint statement on Thursday.
Nissan cut planned production by a third at its top Japanese plant this month, a move that will also see it slash output of a flagship crossover model, two people said, as it struggles with weak U.S. demand for its ageing line-up.
Nissan Motor Co., Ltd. (OTCPK:NSANY) Q1 2024 Earnings Conference Call July 25, 2024 5:30 AM ET Company Participants Lavanya Wadgaonkar - Chief Communications Officer Makoto Uchida - President and CEO Stephen Ma - Chief Financial Officer Conference Call Participants Taku Mukoyam - Yomiuri Shimbun Lavanya Wadgaonkar Good afternoon.
Profits at automobile giants Stellantis NV (NYSE:STLA, EPA:STLA) and Nissan both plummeted, with fierce competition in the US blamed, while both are also trying to sell their older models ahead of new product launches. Coming days after the disappointing quarterly results from Tesla, shares Nissan fell 7% in Tokyo and Stellantis screeched 9% lower on the Euronext.
Problems in the highly competitive U.S. car market ranging from weak prices to high inventories and difficult logistics dented profits and hit shares of automakers Stellantis and Nissan on Thursday, as they scramble to find a fix.
Japan's Nissan Motor slashed its annual outlook after posting a 99% decline in first-quarter operating profit on Thursday, falling short of analyst estimates and sending its shares sharply lower.
Nissan (NSANY) and Honda (HMC) plan to co-develop EV software and build charging networks in order to reduce costs and accelerate the development of new technology and infrastructure.
Japanese automakers Nissan Motor and Honda Motor are considering using standardised automotive software and working together on electric vehicle charging, the Nikkei newspaper said on Thursday, steps that could reduce their costs.
Nissan Motor will produce electric vehicles (EVs) for China's Dongfeng Motor at its Wuhan factory by the end of the year, the Nikkei newspaper reported on Tuesday.
Nissan Motor has halted production at its Changzhou plant in China as it seeks to optimise its operations, the Japanese automaker said on Friday.
Nissan Motor paid former Chief Operating Officer Ashwani Gupta $3.7 million in compensation following his sudden departure last year, the Japanese automaker disclosed in a notice for its annual general meeting.