INSIDER
Japan rivals Nissan and Honda will share EV components and AI research as they play catch up
Read full article: Japan rivals Nissan and Honda will share EV components and AI research as they play catch upJapanese automakers Nissan and Honda say they plan to share components for electric vehicles like batteries and jointly research software for autonomous driving.
Japanese automaker Nissan lowers its profit forecast amid incentive, inventory woes
Read full article: Japanese automaker Nissan lowers its profit forecast amid incentive, inventory woesNissan has lowered its full fiscal year outlook after the Japanese automaker reported a 73% decline in profit in the April-June quarter compared to the previous year.
Japanese automaker Nissan reports 92% jump in profit as sales surge
Read full article: Japanese automaker Nissan reports 92% jump in profit as sales surgeNissanās profit for the fiscal year through March has jumped 92% to 426.6 billion yen, or $2.7 billion, as the Japanese automakerās sales grew in all major global markets except China.
Honda and Nissan agree to work together in developing electric vehicles and intelligent technology
Read full article: Honda and Nissan agree to work together in developing electric vehicles and intelligent technologyNissan and Honda have announced they will work together in developing electric vehicles and auto intelligence technology, sectors where Japanese automakers have fallen behind.
Nissan investing in electric vehicles, battery development
Read full article: Nissan investing in electric vehicles, battery developmentNissan is investing 2 trillion yen, or nearly $18 billion, over the next five years and developing a cheaper, more powerful battery to boost its electric vehicle lineup.
Japan's Nissan returns to profit, forecasts profit for year
Read full article: Japan's Nissan returns to profit, forecasts profit for yearNissan has reported a 114.5 billion yen profit for the April-June quarter, a reversal from a 285.6 billion yen loss the previous year, as its sales and profitability improved, especially in the U.S. market.
Nissan CEO tells Tokyo court Carlos Ghosn had too much power
Read full article: Nissan CEO tells Tokyo court Carlos Ghosn had too much powerNissan Chief Executive Makoto Uchida has told a Japanese court that the company's former chairman, Carlos Ghosn, had held too much power, failed to listen to others, and stayed on for too long.
Nissan rolls out new electric crossover, aims to boost image
Read full article: Nissan rolls out new electric crossover, aims to boost imageNissan Motor Co.'s new electric crossover Ariya is displayed at Nissan Pavilion in Yokohama near Tokyo Tuesday, July 14, 2020. The Ariya is the Japanese automakers first major all-new model since getting embroiled in the scandal surrounding former Chairman Carlos Ghosn. (AP Photo/Koji Sasahara)TOKYO Nissan unveiled an electric crossover vehicle Wednesday, the Japanese automakers first major all-new model since getting embroiled in the scandal surrounding its former chairman, Carlos Ghosn. At its global premiere in Yokohama, Japan, the new vehicle, Ariya" was billed as a new chapter for Nissan. The event was held online because of the coronavirus pandemic. Uncertainty remains over how Nissan will fare without Ghosn, who spear-headed its move into electric cars while at its help for two decades.
Nissan officials face angry shareholders on red ink, scandal
Read full article: Nissan officials face angry shareholders on red ink, scandalA man walks past the corporate logos at the global headquarters of Nissan Motor Co., Ltd. in Yokohama near Tokyo, Thursday, May 21, 2020. (AP Photo/Koji Sasahara)TOKYO Nissan Chief Executive Makoto Uchida told shareholders Monday he is giving up half his pay after the Japanese automaker sank into the red amid plunging sales and plant closures in Spain and Indonesia. But the problems are especially serious for Nissan Motor Co., which already was fighting to salvage its reputation after the financial misconduct scandal of its former star executive Carlos Ghosn. Nissan, based in Yokohama, Japan, sank into its first annual loss in 11 years, reporting a 671.2 billion yen ($6.3 billion) loss for the fiscal year that ended in March. But one investor noted Nissan sales werent picking up in the U.S. or China, and Nissan stock prices were continuing to slip.