NEWSWORTHY
Prospect of U.S. tariffs on auto imports too close for comfort, Japan carmakers warn
Automakers and industry experts say the levies would surely hit Japan’s signature industry hard, with manufacturers expected to shoulder thousands of dollars of additional costs for every imported car.
Renault-Nissan group grabs top spot in first-half global auto sales
The Renault-Nissan alliance retained their crown as the world's largest auto seller in the January to June period for a second consecutive year, outselling major rivals Volkswagen AG and Toyota Motor Corp. The alliance formed by Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. ...
Nissan's profit drops 14.1% in first quarter on rising costs, stronger yen
Automaker Nissan reported a drop in first-quarter profit on Thursday, blaming pressure from rising material costs and a higher yen. Nissan said sales in China rose in the quarter to June but fell in North America and Europe. Quarterly net profit dropped 14.1 percent to ...
Renault and Nissan eye possible merger within two years: sources
Renault SA and Nissan Motor Co. have given themselves two years to decide on a possible merger or find an alternative mechanism to enhance their partnership, people familiar with the matter said. A solution to cement ties would be found before Carlos Ghosn, the chairman ...
Nissan cancels sale of electrical vehicle battery business to China investment fund
Nissan Motor Co. said Monday it has decided to cancel plans to sell its lithium-ion battery business to GSR Capital, as the Chinese investment firm lacked the necessary purchase funds. The automaker said in August 2017 it would sell battery subsidiary Automotive Energy Supply Corp. ...
Japan's automakers chase IT tie-ups in race for driving's future
The race to transform the global auto industry has reached full throttle. Facing what has been touted as a once-in-a-century transformation, domestic carmakers are rushing to transition from conventional manufacturers into tech-driven "mobility companies" focused on CASE (connected, autonomous, shared and electric) technologies. Toyota Motor Corp. ...
Carlos Ghosn, chairman and chief executive officer of the alliance between Renault SA, Mitsubishi Motors Corp. and Nissan Motor Co., said Friday there is "zero chance" that the French automaker will make the two other companies wholly owned subsidiaries. "Anybody who will ask Nissan, Mitsubishi ...
Nissan probe finds misuse of foreign trainees at plants in Japan
An internal probe by Nissan Motor Co. has discovered misconduct at its plants over the employment of foreign trainees, including forcing them to perform jobs not sanctioned under a government program, a company official said Wednesday. The internal probe found that 45 interns from Indonesia ...
Nissan Motor Co. aims to sell some 40,000 units of its Leaf electric vehicle in Japan in the year to March 2019, double the previous year's level, Jiji Press has learned. The cumulative domestic sales of the Leaf, launched in 2010, stood at 100,000 units ...
The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. The national security probe under Section 232 of the Trade Expansion Act of ...
Nissan launches first foreign-made minivan hybrid in Malaysia
Nissan Motor Co. has picked Malaysia to launch a fully remodeled version of its popular Serena hybrid multipurpose vehicle, the first of its minivan series assembled outside Japan. The all-new Nissan Serena 2.0L S-Hybrid has attracted 1,300 purchase bookings since April, reflecting strong demand for ...
Japanese automakers' rosy profits may be short-lived
Japan's big three automakers enjoyed soaring net profits in the last business year, but analysts warn it is too early to say the robust results suggest a return to their glory days. The analysts said the strong earnings mostly stemmed from transient factors such as ...
