All articles tagged with #nissan
Automakers are lobbying the EPA to relax emissions regulations to boost profits, while Stellantis cuts European production due to weak demand, Nissan faces a French investigation over supplier payments, and Ford issues its 112th recall of 2025 due to steering issues.
Nissan announced the 2026 Leaf with prices starting at $29,990, featuring improved range and trims including the SV+, Platinum+, and an upcoming S model, with the base model expected to be more affordable than previous versions and under $30,000.
Nissan is closing its iconic Oppama plant as part of a difficult restructuring under CEO Ivan Espinosa, reflecting a complex mix of internal and external factors contributing to the company's challenges. The decision, while necessary for Nissan's future, will negatively impact workers and the local community, raising questions about leadership responsibility and corporate blame. Meanwhile, inflation is easing partly due to declining car prices, Tesla faces a trial over Autopilot claims, and Stellantis is regaining former employees after leadership changes.
Nissan is in talks with Foxconn to collaborate on electric vehicle production at Nissan's Oppama plant in Japan, potentially helping to prevent its closure amid Nissan's restructuring plans.
Nissan and Infiniti are recalling over 440,000 vehicles equipped with variable compression turbo engines due to potential bearing failures that could lead to engine damage or failure, affecting models like the Infiniti QX50, QX55, Nissan Altima, and Rogue from 2019 to 2024. The issue is a manufacturing defect in engine bearings, but most engines are expected to show warning signs before failure, and repairs will be covered by Nissan.
Nissan is recalling over 443,000 vehicles in the US, including models like Rogue, Altima, Infiniti QX50, and QX55, due to a manufacturing defect in engine components that could lead to engine failure and increase crash risk, according to NHTSA.
Nissan announced that its new third-generation Leaf electric car will be built at its Sunderland plant in the UK, capable of traveling up to 375 miles on a single charge, with production starting later this year as part of Nissan's EV36Zero sustainability project.
Nissan is facing potential bankruptcy within 12 to 14 months unless it can implement a financially viable turnaround. The company plans to cut 9,000 jobs, reduce production capacity by 25%, and overhaul its product lineup to save $3 billion. Nissan's struggles are exacerbated by competition from cheaper Chinese EVs and a stalled electrification strategy. Despite some successful models like the Rogue and Qashqai, Nissan is seeking an anchor investor and has approached Honda for potential investment. CEO Makoto Uchida is taking a 50% pay cut as part of the cost-saving measures.
Nissan is facing a severe financial crisis, prompting CEO Makoto Uchida to announce bold restructuring plans, including cutting 9,000 jobs and reducing its Mitsubishi share to save $3 billion. The company is seeking a new anchor investor as Renault reduces its stake, and there is speculation about a potential Honda takeover. Nissan plans to cut global production by 20%, affecting key models like the Frontier and Rogue. The automaker is exploring partnerships to navigate the rapidly changing automotive landscape.
Nissan's shares surged by up to 20% after Effissimo Capital Management, a Singapore-based activist investor, took a stake in the company. This move comes amid Nissan's financial struggles, including a recent profit downgrade and job cuts. Effissimo is known for its campaigns against major Japanese corporations like Toshiba. The investment has sparked speculation about potential takeovers or industry shake-ups, as Nissan faces intense competition from Chinese electric car manufacturers. Effissimo's involvement is seen as an attempt to exert more pressure on Nissan, particularly regarding its relationship with Nissan Shatai.
Nissan shares fell 6% after the company announced plans to cut 9,000 jobs and reduce manufacturing capacity by 20% due to declining sales in China and the US. The automaker also slashed its full-year operating profit forecast by 70% and aims to cut costs by $2.61 billion. Nissan faces challenges from domestic competitors in China and a lack of hybrid models in the US. The restructuring is part of ongoing efforts to revitalize the company following past leadership issues and a weakened partnership with Renault.
Nissan Motor Co. is facing significant financial challenges, leading to a 6% drop in its shares after announcing plans to cut 9,000 jobs and reduce manufacturing capacity by 20%. The company's net income has plummeted by 94% in the first half of the fiscal year, prompting CEO Makoto Uchida to halve his compensation. Nissan is also selling part of its stake in Mitsubishi Motors to address cash flow issues. The automaker's struggles are exacerbated by competition from Chinese automakers and ambitious sales targets, with plans to expand its electric vehicle lineup and form strategic partnerships to improve its market position.
Nissan plans to lay off 9,000 workers globally and reduce production by 20% due to declining sales in China and the US. The company has also cut its 2024 profit forecasts by 70% and is implementing executive pay cuts. Nissan's struggles are attributed to increased competition in China's electric vehicle market and economic challenges in the US. Despite these measures, Nissan aims to restructure for resilience, with plans to produce new electric models at its Sunderland plant.
Nissan Motor Company is implementing significant cost-cutting measures, including reducing its global workforce by 9,000 and cutting CEO Makoto Uchida's monthly pay by 50%, in response to a challenging financial situation marked by decreased revenue and sales. The company aims to reduce fixed and variable costs by over $2.5 billion, restructure its business to become more resilient, and enhance product competitiveness. Nissan plans to launch 30 new models by 2027, focus on new energy vehicles, and strengthen partnerships with other automakers to adapt to market changes.
Nissan has announced plans to cut 9,000 jobs and reduce the CEO's salary by 50% as part of a broader corporate restructuring effort aimed at improving financial performance.