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.

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Though auto sales dipped 1.3% in 2019, automakers hit the 17 million sales mark for the fifth straight year, buoyed by cheap credit, low unemployment and healthy consumer sentiment.

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According to estimates by LMC Automotive and J.D. Power, U.S.

U.S. 2019 Auto Sales Hit 17-Million Mark But Decline Y/Y

Nissan Motor Co has strengthened a taskforce of senior officials ahead of an expected onslaught of criticism from former chairman Carlos Ghosn following his dramatic escape from house arrest in Japan, three sources familiar with the matter told Reuters.

Nissan bolsters taskforce to prepare for Ghosn broadsides: sources

Nissan Motor  said on Tuesday that ousted former Chairman Carlos Ghosn's flight from Japan would not affect its policy of holding him responsible for "serious misconduct."

Nissan says it will continue to pursue legal action against Ghosn

The alliance between three automakers created by Carlos Ghosn, the former auto industry bigwig who just fled Japan in advance of a scheduled trial, had a rough year after his arrest at the end of 2018.

Auto alliance between Renault, Nissan and Mitsubishi has struggled since Ghosn's arrest

Amid dwindling vehicle sales and rising costs due to electric overhaul, car companies are slashing workforce at the fastest pace since the Great Recession of 2008.

Layoffs Grip Auto Sector Amid Challenging Operating Backdrop

American car sales are likely to top 17 million again in 2019, the fifth year of sales above that extraordinary level.

Nissan 2019 Cars Sales Worst in America, With Hyundai Kia Most Successful

Nissan (NSANY) struggles to recover from the ousting of former chairman Carlos Ghosn, industry downturn, decade-low profits and strained ties with French partner Renault SA.

Nissan (NSANY) Hits 8-year Low as Top Executive Resigns

Japan's Nissan Motor Co  has told its managers to slash non-essential spending as the automaker grapples with slumping car sales and tumbling profits, three company sources with knowledge of the matter told Reuters.

Exclusive: Nissan orders drastic spending cuts to stem profit slide and 'conserve every yen' - sources

Nissan Motor Co  chose executive vice president Hideyuki Sakamoto as a candidate for the board of directors, the company said on Friday, following the surprise resignation of vice-chief operating officer Jun Seki earlier this week.

Nissan picks Sakamoto as board candidate after Seki's sudden resignation

Shares of Nissan fell 2.6% in Tokyo on Wednesday after several news outlets reported that a top executive would abruptly leave the Japanese automaker.

Nissan stock falls after reports that a top executive is leaving

Jun Seki is a 30-year veteran of Nissan, but he's bailing on the vice-COO position after just a fortnight.

Nissan exec in charge of turnaround departs after two weeks on the job

The executive tasked with leading a recovery at Nissan Motor Co Ltd (7201.T) said he had decided to resign just weeks into his new job, a move that could disrupt the automaker’s push to turn the corner on scandal and slumping sales.

Nissan top executive Seki to resign in blow to turnaround plan

Renault's former chief executive Thierry Bollore, who was ousted in October, had sought to flag alleged conflicts of interest and governance problems at the company's Japanese alliance partner Nissan before his departure, Le Monde reported on Monday.

Ousted Renault CEO Bollore raised concerns of governance problems at Nissan: report

Japanese officials have recommended a roughly $22 million fine against Nissan for underreporting its disgraced former boss Carlos Ghosn’s compensation.

Nissan faces $22M fine in Japan for underreporting ex-boss’ pay

Japan's markets watchdog said on Tuesday it has recommended that the country's financial regulator fine Nissan Motor Co Ltd  about 2.4 billion yen ($22 million) over the alleged underreporting of former Chairman Carlos Ghosn’s compensation.

Japan's markets watchdog recommends 2.4 billion yen fine for Nissan over Ghosn pay

Japan's markets watchdog will likely recommend that the financial regulator fine Nissan Motor Co Ltd  about 2.4 billion yen ($22 million) over false reporting on its financial statement, public broadcaster NHK reported on Sunday.

Japan's market watchdog to recommend fine against Nissan over false reporting: NHK

Workers will not be paid for Jan. 2 and 3. The company said the furloughs will “optimize business performance and competitiveness.

Nissan Placing U.S. Workers On Two-Day Furlough In January

Nissan plans to close US operations for two days in early 2020.

Nissan will pause US operations for two days this January

Renault SA , Nissan Motor Co  and Mitsubishi Motors  on Wednesday said they had appointed Hadi Zablit as general secretary of their automaking alliance to accelerate business efficiencies across the companies.

Hadi Zablit named general secretary of Renault, Nissan alliance

Nissan Motor Co  chief executive Makoto Uchida said on Monday that he would work to improve the automaker's financial performance and co-operate closely with alliance partner Renault SA , while maintaining Nissan's independence.

New Nissan CEO pledges better performance, cooperation with Renault

Renault-Nissan-Mitsubishi said on Friday that in coming days it planned to appoint a General Secretary for the alliance in a bid to boost operational efficiency.

Renault-Nissan-Mitsubishi to appoint General Secretary for alliance

Nissan Motor Co.  is introducing a new, higher-tech production system globally to try to boost efficiency as it looks to reverse a slide in profitability.

Nissan to roll out high-tech production system amid pressure to cut costs

On Tuesday, Nissan (OTC: NSANY) posted its earnings on November 12, clearly showing that the nightmare that started with Ghosn's arrest is not nearly over.

Nissan's Nightmare Isn't Over Yet

(This November 16 story has been refiled to correct the number in the headline)

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