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May 03, 2024
 

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NISSAN

BUSINESS
Jun 8, 2001
Nissan eyes supply deal with Renault
Nissan Motor Co. plans to start providing core car engines to French automaker Renault SA this summer, Nissan officials said here Wednesday. Renault SA has a 36.8 percent stake in the Japanese automaker.
JAPAN / INTERNATIONAL RATIONALE
May 24, 2001
Foreign managers bring change to corporate life
Takashi Sato of Mitsubishi Motors Corp. fears he may be transferred because of his poor command of English -- a potentiality that was unthinkable until last year.
BUSINESS
May 18, 2001
Nissan posts record profit in fiscal 2000
Nissan Motor Co. said Thursday it posted record group net profits of 331.1 billion yen for fiscal 2000.
BUSINESS
Apr 8, 2001
Nissan U.S. plant under construction
Nissan Motor Co. on Friday began constructing its second U.S. auto assembly plant in Mississippi, which will manufacture next-generation vehicles. The $930 million plant, located 25 km north of Jackson, the state capital, is scheduled to begin operations in the summer of 2003.
BUSINESS
Apr 3, 2001
Nissan to ride Suzuki into minicar market
Nissan Motor Co. announced Monday it will enter the minivehicle market by procuring products from minicar maker Suzuki Motor Corp. and marketing the cars under the Nissan brand.
BUSINESS
Mar 8, 2001
Nissan bonus payments to meet union demands
Nissan Motor Co. announced Wednesday it will pay its union members a bonus this year equal to 5.2 months in salary, meeting the demands of the automaker's labor union.
JAPAN
Feb 28, 2001
Effect of Nissan factory closure to linger
Kazuko Shimoda, 62, wasn't surprised when she heard in October 1999 that the Nissan Motor Co. plant across the street from her tobacco store in Musashi-Murayama, western Tokyo, was to close by the end of March.
JAPAN
Feb 28, 2001
Effect of Nissan factory closure to linger
Kazuko Shimoda, 62, wasn't surprised when she heard in October 1999 that the Nissan Motor Co. plant across the street from her tobacco store in Musashi-Murayama, western Tokyo, was to close by the end of March.
BUSINESS
Jan 31, 2001
Nissan aiming to turn profit in Europe in 2001
Nissan Motor Co. aims to bring its European operations back to profitability in fiscal 2001, provided foreign exchange rates remain stable, Nissan President Carlos Ghosn said Tuesday.
BUSINESS
Dec 16, 2000
Nissan looks to enter minivehicle market
Nissan Motor Co. is negotiating to sell minivehicles made by Suzuki Motor Corp. under its own brand name, with an annual sales target of tens of thousands in 2002, sources familiar with the negotiations said Friday.
BUSINESS
Dec 15, 2000
Nissan now switching focus to domestic competitiveness
Looking back on a year in which Nissan Motor Co. appears to have finally stemmed its downward slide, President Carlos Ghosn said that regaining competitiveness in the domestic market will be the automaker's priority for the coming year.
BUSINESS
Aug 31, 2000
Nissan releases first model under restructuring plan
Nissan Motor Co. President Carlos Ghosn leans against the automaker's new Bluebird Sylphy sedan at the car's press preview Wednesday in Tokyo. Nissan Motor Co. launched its new Bluebird Sylphy compact sedan Wednesday as the first of a series of models the struggling automaker plans to introduce during its three-year restructuring program.
BUSINESS
Jul 15, 2000
Nissan might reconsider plant investment: Ghosn
Nissan Motor Co. President Carlos Ghosn said Friday that the firm may reconsider a plan to put new investment in its Sunderland plant in northeastern England, which he says is suffering from the high value of the pound.
BUSINESS
Jun 21, 2000
Nissan to log profit in this fiscal year
Nissan Motor Co. will achieve its goal of regaining profitability in the current fiscal year due to the success of its restructuring efforts, Nissan Chief Operating Officer Carlos Ghosn said Tuesday.
JAPAN
Jun 14, 2000
Nissan scholarships 'investing in the future'
In a ceremony earlier this week to mark the third anniversary of a Nissan Motor Co. scholarship program, Chief Operating Officer Carlos Ghosn described the program as an investment in the future.
JAPAN
May 20, 2000
Nissan falls from 'ni' to 'san'
Nissan Motor Co. fell to third place among Japanese automakers in terms of group sales in fiscal 1999, behind No. 1 Toyota and No. 2 Honda, according to Nissan's earnings report released Friday.
BUSINESS
Mar 17, 2000
Ghosn to take over as Nissan Motor president
The reins of Nissan Motor Co. will be handed over to Carlos Ghosn, known as "the cost-cutter" and presently the chief operating officer of the struggling automaker, it was announced Thursday.
JAPAN
Feb 14, 2000
Nissan Motor to sell aerospace unit to IHI
Nissan Motor Co. confirmed Monday that it has agreed to sell its aerospace and defense division to Ishikawajima-Harima Heavy Industries Co. as part of its streamlining efforts. The two firms will decide on the cost of the deal, the number of employees involved and other details by the end of July, a Nissan spokesman said. Nissan has been developing and manufacturing rockets since 1953, including the M-5 rocket that failed to put an astronomical observation satellite into orbit last week. As of the end of January, the Nissan unit employed 920 people, mainly at a plant in Tomioka, Gunma Prefecture. It posted 51 billion yen in sales in fiscal 1998. An IHI spokesman said the proposed deal would help enhance IHI's aerospace and defense division since the two firms complement one another. Nissan's rockets, for example, are based primarily on solid-fuel propellants, while IHI's vehicles use liquid fuel. Most of Nissan's defense contracts are with the Ground Self Defense Force, whereas IHI's main customers are the Air Self Defense Force and the Maritime Self Defense Force, the IHI spokesman said. The proposed sale is part of Nissan's effort to concentrate its corporate resources on its core automotive business under the so-called Revival Plan announced last. In addition to the aerospace and defense division, Nissan manufactures boats and industrial machinery. Led by Chief Operating Officer Carlos Ghosn, Nissan is hoping the restructuring program will halve its interest-bearing liabilities to 700 billion yen by fiscal 2002 and return the company to profitability in fiscal 2000.
JAPAN
Dec 7, 1999
Ghosn pushes shared goals to revive Nissan
Staff writer Carlos Ghosn knows exactly what he wants and precisely how he is going to achieve it. Handed the massive task of turning Nissan Motor Co.'s fortunes around, the Brazilian-born executive of French car manufacturer Renault also realizes that simply cutting costs, jobs, suppliers and reducing the number of lines that the company turns out is not enough; Ghosn wants everyone connected with the firm to know their combined goal. "The most important task in communication is to give an objective, a purpose that everybody shares," he said in a recent interview with the radio station InterFM. "If there is no purpose that they share, then it is very difficult to gather everybody and ask them to make the effort to allow the company to overcome the difficulties." The "difficulties" that Ghosn -- dubbed "Le Cost Killer" -- has inherited include interest-bearing liabilities of 1.4 trillion yen. To turn Nissan back into a viable carmaker that competes in markets all over the world means the firm will have to slash 21,000 jobs, close down three of its plants and two run by its affiliates, do away with nine vehicle platforms and nearly half of its suppliers -- all by 2002. "I think that remembering past victories is important because you need confidence -- confidence in yourself, confidence in the people around you. And at times, the challenge is so big that you need to build strength in yourself to be able to overcome this challenge," he said. "But at the same time, if you limit yourself to your past glories, then you will not move forward. It has to be a balance between recognizing the past victories, understanding them, gaining confidence from them, but at the same time taking a look at the future and seeing that the necessity to change is the only way to overcome future challenges." The future, as the hard-hitting Nissan chief operating officer sees it, is one in which Nissan and Renault combine their skills to ensure that both firms increase their market penetration as allies. Ghosn dismisses suggestions that it is a weak coalition. "The alliance between Renault and Nissan has a lot of potential; obviously we have a lot of difficulties to overcome, the first of which is to revive Nissan. But it is extremely important to establish a balanced relationship between the two companies," he said. In terms of specific global targets, the two companies are looking closely at India, where neither firm has a presence but which Ghosn said is nonetheless "a very important market," and China, where both have a small presence. In addition, each firm intends to use the areas in which the other is stronger to leverage a larger presence. Nissan intends to get a bigger share of the market in South America by using Renault's established infrastructure, while the French carmaker hopes to make inroads into Mexico, where Nissan controls 20 percent of the market. "This will be a win-win situation," Ghosn said. "Where both companies are absent, we will have common projects; where one firm is present and the other is absent, the company that is absent will leverage the presence of the other to go faster and to do it in a more effective way." Another area in which both firms plan to pool their resources is work on the car of the future, including the incorporation of more energy-efficient engines and design of environmentally friendly vehicles. Surprisingly, however, Ghosn refuses to rule out alliances, either temporary or more lasting, with other car firms in the search for tomorrow's technology. "Even the fact that Nissan and Renault are working together will not be sufficient for certain developments, like fuel cells, because of the amount of investment and because of the technological challenge. And from time to time you will see alliances between competitors in research to try to do it as fast as possible and in the most effective way possible," he said. "Everybody knows that no matter how big you are, you can no longer do it all alone," he added. "And we are totally open to cooperation on specific projects." Looking to the future of Nissan as a company, Ghosn expressed his belief that the company's "ReNaISSANce" project to get the carmaker back on the road to a healthy future will be a success, even though competition between manufacturers is likely to intensify, and, he added, "Our main preoccupation is fixing Nissan, and nothing else, as we're not really in a position today to give a lesson to anybody."The interview will be aired Sunday at 7:03 a.m.
JAPAN
Nov 22, 1999
Restructuring of Nissan brings 323 billion yen loss
Struggling Nissan Motor Co. announced Monday a consolidated net loss of 323.5 billion yen for the first half of fiscal 1999. The automaker said the losses were due to pension and retirement expenses as well as the cost of a massive restructuring program.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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