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  is likely to pull out from a venture capital fund it runs with alliance partners Renault SA  and Mitsubishi Motors, as part of the Japanese automaker's  drive to cut costs and conserve cash, two sources said.

Exclusive: Nissan to pull out of venture fund with Renault in cost-cutting drive, sources say

Nissan Motor Co's  vehicle sales in China, its biggest market, dropped 80% in February as coronavirus concerns sapped demand, in another blow to the carmaker which is struggling to recover from a profit free fall.

Struggling Nissan's China vehicle sales drop 80% in February

Nissan  is pushing on with plans to build its new Qashqai sports utility vehicle at its British factory despite warnings over Brexit, announcing on Friday a 52-million pound investment in a new press line at the site.

Nissan pushes on with new vehicle plan at UK factory despite Brexit warning

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Based on China alone a substantial decline in automotive is justified. As detailed below, exposure varies across OEMs and Tier Is. There is no single, simple bottom line for investors.

Coronavirus China: Impact On Global Automotive

Fiat Chrysler

Tesla

Amid coronavirus, the China auto industry has taken a severe beating of late, with shutdown of factories, dealerships with less customer traffic, supply-chain disruption and annual motor show delay.

Coronavirus Concerns Further Plague China Auto Industry

Nissan Motor Co  Chief Executive Makoto Uchida on Tuesday said he expects the Japanese automaker's earnings and cashflow to remain pressured through the end of the financial year in March as it grapples with weak global car sales.

Nissan CEO sees earnings, cashflow under pressure for current financial year

The new CEO's recovery plan might not be enough.

Nissan Reports First Quarterly Loss Since 2009 as U.S. Sales Slump

Nissan's new CEO Makoto Uchida doesn't have time to work his way into the job. He is effectively on probation and has a matter of months to show he can revive the ailing automaker, according to three people familiar with the thinking of some on the company's board.

Clock's ticking for Nissan boss Uchida to show he has a plan: sources

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Automakers including Daimler, Ford and Tesla are looking to resume production in China after being forced to shut factories following the outbreak of a new coronavirus.

Factbox: Carmakers look to resume China output after virus forced closures

Renault turned in its worst financial performance in a decade in 2019 as plunging margins in its core business and a dramatic slump in contributions from alliance partner Nissan wiped out its earnings.

Renault's profit plunged 99% last year. Nissan was only partly to blame

Nissan Motor Co's  South Korean unit plans to seek applications for voluntary redundancy, a person with knowledge of the matter said on Friday, as the automaker's shares sank to their lowest in more than a decade.

Nissan's South Korean unit planning voluntary redundancies: source

The shares of Nissan Motor Co. Ltd. (OTC: NSANY) dropped to a decade low on Thursday after the company missed third-quarter earnings estimates and significantly cut its annual forecast for the financial 2019 year.

Nissan Shares Tumble To Decade Low After Q3 Earnings Miss

Shares of Nissan Motor Co  fell to their lowest in 10-1/2 years on Friday, tumbling nearly 10% after the struggling Japanese automaker cut its annual profit forecast and said it would not pay a dividend in the second half.

Nissan shares tumble to ten-and-a-half year low after earnings rout

Carmaker expects 43% profits slump amid problems including Carlos Ghosn civil actions

Nissan suffers first quarterly loss in decade as poor sales add to woes

Nissan's profits are still plummeting, and the company is now bracing for more pain as the novel coronavirus outbreak threatens to wreak havoc on the global auto industry.

The automaker's profits plunge 83%, and the coronavirus also threatens its turnaround plans

Nissan Motor Co  on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn.

Nissan slashes full-year profit forecast, hit by sales slump

Nissan Motor Co Ltd (OTC: NSANY) has filed a civil lawsuit against its former chairman Carlos Ghosn demanding JPY 10 billion ($91.02 million) in damages.

Nissan Demands $90M In Damages From Former Chairman Carlos Ghosn

Nissan Motor Co could be heading for its first quarterly loss in more than a decade, three company sources said on Wednesday, as news emerged the Japanese carmaker is seeking $91 million in damages from ousted former boss Carlos Ghosn.

Nissan sues Ghosn for damages, risks plunging to loss

Nissan Motor Co  may report its first quarterly loss in more than a decade on Thursday because of slumping sales, sources familiar with the company said, adding more pressure on efforts to rebuild the company after Carlos Ghosn's ouster.

Nissan may report first quarterly loss since March 2009: sources

Several automakers are reopening or preparing to restart factories in China on Monday after an extended holiday shutdown due to the coronavirus, which is now responsible for more than 900 deaths in the country.

Automakers resume or prepare to restart car production in China amid coronavirus outbreak

Nissan Motor Co  will temporarily halt production at its plant in Kyushu, southwestern Japan, due to the coronavirus, the Japanese automaker said on Monday, as the outbreak starts to strain the global supply chain.

Nissan to halt production at Japan factory due to coronavirus

Japanese carmaker Nissan  said on Friday its sales in China, the world's biggest auto market, fell by 11.8% in January year-on-year, as the Lunar New Year holiday began earlier than usual and the outbreak of coronavirus stymied economic activity.

Nissan's China sales fell 12% in January as coronavirus epidemic weighs

Nissan has set a new UK record for the longest journey undertaken on public roads by an autonomous car.

A Nissan Car Just Drove Itself 230 Miles, Setting A New UK Record

The alliance between France's Renault SA  and Japan's Nissan Motor Co  remains strong, but its members share a sense of urgency, the alliance's chairman, Jean-Dominique Senard, said on Thursday.

Renault-Nissan alliance is strong but shares sense of urgency: Senard

Japanese carmaker Nissan Motor Co  said on Wednesday it planned to sell about 1.6 million vehicles in China, the world’s biggest auto market.

News for Nissan Motor Co Ltd Stock (NSANY)