NSANY is set to invest in ChargeScape to extend the latter's services to EV users in the United States and Canada.
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 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.
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) 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.
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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.