The National Highway Traffic Safety Administration said on Monday that it is closing a preliminary evaluation into 454,840 Nissan vehicles over engine failure after the Japanese automaker issued a recall in June.
NSANY halts U.S. production of three models for Canada as tariffs make cross-border exports economically unviable.
Japan's Nissan Motor has raised $4.52 billion in U.S. dollar- and euro-denominated senior unsecured bonds, according to a term sheet reviewed by Reuters on Friday, with the proceeds intended to refinance existing debt.
Nissan Motor is suspending production of three vehicle models for Canada at its Tennessee and Mississippi plants amid mutual auto tariffs between the U.S. and Canada, the Nikkei reported on Wednesday.
Japan's Nissan Motor is eyeing $4 billion worth of dollar and euro senior unsecured bond issuances, according to term sheet reviewed by Reuters.
NSANY delays supplier payments and slashes jobs as part of a global push to conserve cash and drive a turnaround.
Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company document reviewed by Reuters, as the troubled Japanese automaker scrambles to boost cash.
We initiate coverage on Nissan with a Buy rating, given the extremely pessimistic current market valuation, providing a steep margin of safety. Our US$7.80/sh price target reflects our view that Nissan's problems are not new, and Nissan has been buying back their undervalued shares at similar prices since 2023. Nissan's hefty balance sheet and a 1.53 current ratio, show they can get through the current headwinds, and this contributes to our investment thesis.
The National Highway Traffic Safety Administration said on Wednesday it had closed an engineering analysis on 2,038,307 Nissan Motor vehicles over issues related to rear suspension control arm failure.
NSANY plans to trim its stakes in Renault to fund new vehicle development as part of a broader restructuring push.
Nissan Motor CEO Ivan Espinosa said that the company plans to reduce the automaker's stake in French partner Renault , the Nikkei business newspaper reported on Monday.
Global ratings agency Moody's on Friday cut Nissan Motor Co Ltd's corporate family rating to Ba2 from Ba1, as the embattled Japanese automaker seeks to push through a turnaround.