Nissan Motor Co Ltd

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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.

In a statement on Thursday, Nissan Motor (OTCMKTS: NSANF) announced a new plan to reduce its size and focus on efficiency as the Coronavirus pandemic weighed on its profit that resulted in the company’s 1st annual loss in more than a decade. Nissan’s new plan spans over four years and entails reducing its model range and production capacity by roughly 20%.

Nissan to reduce production capacity by 20% following 1st annual loss in more than a decade

Production capacity will also fall by 20% to right-size the automaker's operations.

Nissan turnaround plan will end 14 models globally

Nissan Motor Co outlined a new plan on Thursday to become a smaller, more efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years.

Nissan plans big cuts to go small after first loss in 11 years

Spain will do everything it can to overturn Nissan's  decision to close its Barcelona plant, Foreign Minister Arancha Gonzalez Laya told Reuters in an interview.

Spain says will try to convince Nissan to change its mind on Barcelona plant, hopes Renault stays

Nissan Motor Co  has agreed to settle a long-running dispute with the Indian state of Tamil Nadu after claiming it was owed 50 billion rupees ($660 million) in unpaid dues and damages, six sources told Reuters.

Exclusive: Nissan settles dispute with Indian state over unpaid dues - sources

Hundreds of workers burning tyres and shouting "war" blockaded Nissan Motor Co's  Barcelona plant on Thursday after the Japanese carmaker announced it would shut it from December as part of a global restructuring plan to slash costs.

Nissan workers protest against closure of Barcelona plant

The fortified alliance among Renault (RNLSY), Nissan (NSANY) and Mitsubishi focuses more on efficiency and competitiveness than on volumes.

Renault & Nissan Revamp Alliance to Combat Coronavirus Crisis

Nissan Motor Co's cash situation is "tough" as the coronavirus has sapped car sales, and the automaker must be vigilant in the coming months as a second wave of infections may add to liquidity issues, CEO Makoto Uchida told Reuters on Thursday.

Nissan must watch cash given possible risk of second virus outbreak: CEO

Nissan Motor Co intends to close its Barcelona main plant and two nearby facilities starting from December 2020, but it will keep open two facilities in northern Spain, the chairman of Nissan in Europe, Gianluca De Ficchy, said on Thursday.

Nissan says to close Barcelona plant from December

Nissan Motor Co outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years.

Nissan plans to slash costs after first loss in 11 years

French carmaker Renault  said on Thursday that losses at its Japanese partner Nissan , in which it has a 43% stake, would drag on its on net earnings by 3.6 billion euro ($3.96 billion) in the first quarter.

Renault to take 3.6 billion euro hit from Nissan losses

Nissan committed on Thursday to slashing production capacity by 20% and closing a plant in Spain as part of a sweeping overhaul announced after the Japanese carmaker revealed its first annual operating loss in more than a decade.

Nissan to cut production capacity by 20% after suffering worst year since 2009

Nissan Motor Co unveiled a plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits that culminated in its first annual loss in 11 years.

Nissan sets out survival plan after first loss in 11 years

Nissan Motor Co  said on Thursday it would slash its production capacity by a fifth to help reduce its fixed costs by 300 billion yen ($2.8 billion) as it looks to become a smaller, more cost-efficient automaker following a slide in sales.

Nissan slashes capacity by a fifth after first loss in 11 years

Japan's Nissan Motor Co  has decided to close its factory in Barcelona, resulting in the loss of about 3,000 jobs as part of a new worldwide restructuring plan, the Spanish government said on Thursday.

Spain says Nissan has decided to close its Barcelona plant

Nissan Motor Co  will unveil its plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits which are set to culminate in its first annual operating loss in 11 years.

Nissan to set out survival plan after expected annual loss

Japan's Nissan Motor Co  will close its factory in Barcelona, resulting in the loss of about 2,800 jobs, Spanish newspaper El Pais reported, citing government and union sources.

Nissan Motor to close Barcelona plant: El Pais

Japanese automaker Nissan Motor Co  said Wednesday it plans to begin restarting its shuttered U.S. manufacturing operations beginning June 1.

Nissan to begin restart of U.S. auto plants on June 1

The Renault Nissan Mitsubishi alliance has been treading water for a couple of years as the partners struggled to solve basic problems of ownership and direction. But plans to save the alliance weren't thought to go far enough.

Renault-Nissan Alliance, Faced With Existential Problems, Tries To Tweak Current Deal

Renault SA , Nissan Motor Co  and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.

Timeline: From boom to bottom: Renault and Nissan bet on deeper cooperation

Renault  Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan  and Mitsubishi.

Renault's Senard says it does not need to merge with Nissan

Renault SA, Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group.

Renault-Nissan announce plan to deepen cooperation to ensure group's survival

When Renault SA , Nissan Motor Co  and Mitsubishi Motors Corp  announced the last strategy plan for their Alliance in September 2017, the goal was to become the world's biggest automaker by 2022.

Renault and Nissan rebuild their alliance to ride out the coronavirus storm

News is expected this week which will either cement the Renault-Nissan alliance for the foreseeable future, or send its French and Japanese components scurrying back to the drawing board to find a new way to safeguard their futures in a troubled, post-coronavirus world.

Renault, Nissan Will Slash Output, But Will The Alliance Flourish Or Whither?

Renault  and Nissan  have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.

News for Nissan Motor Co Ltd Stock (NSANY)