Nissan and UK software firm Monolith said on Friday they have extended their partnership using artificial intelligence to reduce vehicle physical testing as the Japanese automaker pushes to slash development times for new cars.
Nissan is recalling 19,077 electric vehicles in the United States due to a potential fire risk linked to overheating during quick charging, the U.S. National Highway Traffic Safety Administration said on Friday.
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Nissan Motor said on Monday it has started testing a new driver-assistance system that uses technology from British startup Wayve, ahead of a planned launch in Japan in the 2027 financial year.
The pension trust of German automaker Mercedes-Benz has sold its entire shareholding in Japan's Nissan Motor for 47.83 billion yen ($324.65 million), a source said on Tuesday.
Nissan Motor shares tumbled on Tuesday after Mercedes-Benz announced plans to offload its 3.8% holding in the Japanese automaker. Mercedes-Benz is Nissan's second-largest shareholder after Renault, LSEG data showed.
Shares in struggling Japanese automaker Nissan Motor plunged 6.5% on Tuesday morning after its second-largest shareholder, Mercedes-Benz , said it would sell its 3.8% stake on Monday.
Mercedez-Benz's Pension Trust will sell around $346 million worth of shares it holds in beleaguered Japanese automaker Nissan Motor , a term sheet showed.
Jeremie Papin, CFO of Nissan, explains the automaker's China strategy: relying on local tech & expertise, export opportunities, and becoming a market Nissan 'can play to win'.
Japanese automaker Nissan sank into a 115.8 billion yen ($782 million) loss for April-June, but promised Wednesday to return to profitability later this year.Nissan Motor Corp. did not give a full year net profit forecast. It recorded a 28.6 billion yen profit during the April-June quarter last year.Quarterly sales for the current fiscal year slipped nearly 10% to 2.7 trillion yen ($18 billion).The maker of the Leaf electric car and Infiniti luxury models said the results were better than expected.But it faces “headwinds,” including declining sales, unfavorable exchange rates and President Donald Trump's tariffs.Ivan Espinosa, who took the helm at Nissan in April replacing Makoto Uchida, said the company's recovery plan remained urgent.
Nissan Motor Co., Ltd. (OTCPK:NSANY) Q1 FY2025 Earnings Call July 30, 2025 6:00 AM ET Company Participants Ivan Espinosa - President and Chief Executive Officer Jeremie Papin - Chief Financial Officer Krell - Vice President of Investor Relations Conference Call Participants Akira Kishimoto - JPMorgan Chase & Co Eiji Hakomori - Daiwa Securities Co. Ltd.
Japanese automaker Nissan said on Wednesday that the company would stop production at its Civac plant in Mexico by March 2026 as part of its global restructuring plan.