Nissan Motor Co Ltd

Earnings data Q4 2020

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Nissan Motor Co., Ltd. engages in the manufacture and sale of automotive products and marine equipment. It operates through the Automobile and Sales Financing 6segments. The Automobile segment manufactures and sells vehicles, forklift, marine equipment, and related parts. The Sales Financing segment handles sales finance and leasing business to support the sales activity of automobile business. The company was founded on December 26, 1933 and is headquartered in Yokohama, Japan.

Nissan Motor Co  expects equal contributions to global car sales from China, the United States and elsewhere in coming years as the struggling Japanese carmaker strategises to recover profitability, two people with knowledge of the issue said.

Exclusive: Nissan sees bigger role for U.S., China markets in global car sales - sources

Nissan Motor  may be looking at the possibility of closing its Barcelona factory but no final decision has been made as the Japanese carmaker plans a new global strategic direction, two sources with direct knowledge told Reuters.

Nissan could look at shutting Barcelona plant, no decision made: sources

Nissan Motor Co  plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported on Wednesday, as it braces for a drop in sales that could complicate its recovery from years of poor profitability.

Nissan plans $2.8 billion in cuts as part of restructuring plan: Bloomberg

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Amid economic weakness, declining consumer sentiment and global COVID-19 mayhem, a sustainable rebound in China is unlikely anytime soon.

China Auto Sales Pick Up in April: Just a Momentary Relief?

Japanese automaker Nissan Motor  said on Monday its April sales in China grew 1.1% from a year earlier to 122,846 vehicles, as the world's biggest auto market recovered from the coronavirus.

Nissan's China sales grew 1.1% in April as market recovered

The plan will reportedly allow Nissan to cut costs, but also allocate resources into core markets such as the US, China and Japan.

Nissan will scale back efforts in Europe to focus elsewhere, report says

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The imbalance between demand and supply of vehicles is not likely to disappear anytime soon.

Auto Inventory Glut Sends Shockwaves Across the Industry

Nissan Motor Co Ltd  will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters.

Exclusive: Nissan to retrench further in new plan to focus on U.S., Japan, China

Nissan  will restart phased production in early June at its northern English Sunderland factory, Britain's biggest car plant, as the sector tries to resume operations amid the coronavirus outbreak.

Nissan plans to restart output at UK's biggest car factory in June

Nissan Motor Co's  vehicle sales in China this month almost recovered to the prior year's level after a coronavirus-related 45% plunge in March, two sources with knowledge of the Japanese automaker's preliminary data said.

Exclusive: Nissan shakes off virus woes in China sales with rebound in April - sources

Nissan (NSANY) expects to post an annual operating loss of around 45 billion yen ($419.7 million), as against the previous forecast of an operating profit of 85 billion yen.

Nissan Projects Net Losses, Slashes View Amid Coronavirus Crisis

Nissan Motor Co  on Tuesday said it expected to post an operating loss for the year that ended in March, as an ongoing decline in sales is exacerbated by the coronavirus outbreak.

Nissan slashes full-year results forecast, sees operating loss

Japan's Nissan Motor Co Ltd  plans to slash the number of cars it produces at home in May by 78% from last year, as the impact of the coronavirus shakes the troubled automaker which has already been struggling with falling sales.

Nissan plans to slash Japan May car output by 78% vs last year, June: documents

Japan's Nissan Motor Co Ltd  will slash its domestic auto production plans by 70% in May and 43% in June, documents seen by Reuters show, as the impact of the coronavirus shakes the troubled automaker.

Nissan to slash Japan production by 70% in May, 43% in June: documents

Nissan Motor Co , Renault SA  and Mitsubishi Motors Corp  will draft plans for a deeper alliance next month, including joint development of more electric vehicles (EVs) and self-driving technology, the Yomiuri daily reported.

Nissan, partners to draft deeper alliance in May: Yomiuri

Nissan will restart production at its Barcelona factory from May 4 and it will begin piloting safety measures at its British plant with the return of around 50 staff this week, the Japanese carmaker said on Wednesday.

Nissan to resume production at Spanish plant, pilot safety steps in UK

Nissan Motor Co  said on Tuesday it will shut its global headquarters in Japan for 16 days through early May to contain the spread of the coronavirus, even though the government has permitted keeping workplaces open to get the economy running.

Nissan to close global headquarters, other Japan sites through May 10 due to virus

Nissan Motor Co Ltd (OTC: NSANY) on Tuesday announced plans to implement a temporary shutdown at its Japan facilities from April 27 to May 1 in order to combat the coronavirus outburst.

Nissan To Temporarily Close Global HQ Operations Amid COVID-19 Outbreak

Nissan Motor Co  on Tuesday said that it would temporarily shut down operations at its global headquarters and other facilities in Japan through early May to contain the spread of the coronavirus.

Nissan to shut down global headquarters, other Japan facilities through mid-May due to virus

Japanese automaker Nissan Motor Co  said Thursday it will extend a shutdown of U.S. manufacturing plants until mid-May, citing the ongoing impact of the COVID-19 pandemic.

Nissan extends U.S. production shutdown until mid-May

Nissan Motor Co Ltd's  management has become convinced the struggling automaker needs to be much smaller and a restructuring plan due out next month would likely assume a cut of 1 million cars to its annual sales target, senior company sources said.

Nissan restructuring may assume cut of 1 million cars to annual sales target: sources

The Coronavirus pandemic has weighed heavily on the global auto industry. Several manufacturers have recently reported a massive decline in sales.

Nissan Motor seeks £3.71 billion credit line as Coronavirus hurts production and demand

Nissan Motor Co Ltd  has requested a $4.6 billion commitment line from major lenders to cushion the impact of the coronavirus pandemic while it seeks to engineer a desperately needed turnaround, people with knowledge of the matter said.

Nissan seeks $4.6 billion credit line as coronavirus hammers car demand: sources

Nissan Motor  has requested a 500 billion yen ($4.6 billion) commitment line from major lenders after sales were battered by the coronavirus outbreak, the Nikkei business daily reported on Thursday.

Nissan seeks $4.6 billion credit line after coronavirus hit: Nikkei

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The idea to go for pay cuts, layoffs and furloughs is to conserve cash as Tesla, Inc. (TSLA) and other car companies continue to bleed with halt in production and deliveries.

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