Nissan Motor Co., Ltd. Sponsored ADR (NSANY)
Exclusive: Nissan seeks to delay supplier payments to free up cash, company emails show
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.
Nissan's Recovery Won't Be Easy, But Insiders Believe It Can Be Done
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.
NHTSA closes engineering analysis on more than 2 million Nissan vehicles
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.
Nissan Considers Stake Reduction in Renault to Fund New Investments
NSANY plans to trim its stakes in Renault to fund new vehicle development as part of a broader restructuring push.
Nissan plans to reduce stake in Renault, CEO Espinosa tells Nikkei
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.
Moody's cuts Nissan corporate family rating to Ba2
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.
Nissan CEO says the automaker is devoted to its turnaround plan
Nissan CEO Ivan Espinosa discusses the firm's turnaround plan, the electric vehicle transition and competition from Chinese automakers.
Nissan CEO says short-term focus is to fix the company
"I think in the short term, the focus that we have is to fix ourselves the company," the Nissan CEO said.
UK backs £1bn Nissan loan as carmaker battles losses and job cuts
The UK government is set to guarantee a £1 billion loan to Nissan as part of a major restructuring plan aimed at stabilising the troubled Japanese carmaker, according to a report from Bloomberg. The support, through UK Export Finance, the country's official export credit agency, comes as Nissan faces mounting financial pressures, with plans to cut 20,000 jobs globally and shut down seven factories globally.
Nissan Resorts to e-Power Technology to Reshape Vehicle Lineup
NSANY relies on e-Power technology as it focuses on cutting expenses and reshaping its vehicle lineup after reporting a loss in fiscal 2024.
Exclusive: Nissan offers buyouts to US workers, halts global pay rises, internal emails show
Japan's Nissan has started offering buyouts to U.S. workers and has suspended merit-based wage increases worldwide, internal emails reviewed by Reuters showed, as the automaker expands cost cuts amid weak performance in key markets.
Nissan Aims to Raise $7 Bln Ahead of Loan Repayment Wall
Nissan Motor Co. is seeking to raise more than ¥1 trillion ($7 billion) from debt and asset sales to address a huge loan repayment due next year, according to internal documents seen by Bloomberg News. The Japanese automaker plans to issue as much as ¥630 billion in convertible securities and bonds, the documents show.
