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.

Japan’s second largest automaker posted an operating profit of 30 billion yen ($275 million) in the latest quarter, down from 101.2 billion yen ($928 million) a year earlier.

Nissan Cuts Full-Year Forecast After 70% Drop in Quarterly Profit

Nissan Motor Co  reported a 70% drop in quarterly profit on Tuesday and cut its full-year forecast to an 11-year low, hit by a strong yen and falling sales, and highlighting the turmoil at the Japanese automaker after the ouster of Carlos Ghosn.

Nissan cuts profit forecast after 70% quarterly plunge

Nissan's profit fell 70% last quarter and it now expects to sell fewer cars

Nissan Motor Co  on Friday appointed American Stephen Ma as its next chief financial officer, and said that some veteran executives including Hitoshi Kawaguchi were stepping down, marking the latest shake-up at the automaker.

Nissan appoints new CFO, says some senior managers to leave in latest shake-up

Former Nissan Motor Co Ltd  boss Carlos Ghosn denied any impropriety over payments he made during his time at the automaker, following a newspaper report that Japanese tax authorities determined he used company money for private use.

Ghosn denies report of improper use of Nissan money

Uchida, who was promoted earlier this month, is under pressure to reverse Nissan’s declining financial performance. Nissan's profit for the quarter ended June 30 fell about 94.5% from a year earlier, and global sales fell about 7%.

Nissan May Sell Plants In U.K. And Spain

Attorneys for Carlos Ghosn are asking the Tokyo District Court to throw out charges against the former auto titan, citing "illegal prosecutorial misconduct."

Carlos Ghosn says prosecutors 'colluded' with Nissan and Japanese officials to bring him down

Nissan Motor Co Ltd  is considering selling two of its European plants as the Japanese carmaker faces falling sales in the region and an industry shift toward electric cars, Bloomberg reported on Thursday, citing people familiar with the matter.

Nissan explores sale of European plants amid falling sales: Bloomberg

Lawyers for former Nissan Motor Co  chairman Carlos Ghosn submitted filings to the Tokyo District Court on Thursday seeking the dismissal of all charges against him and accusing Japanese officials and executives at the automaker of collusion.

Ghosn's lawyers accuse Japan officials, Nissan executives of collusion

Nissan Motor Co Ltd is likely to axe its Datsun brand, drop some unprofitable products and close a number of assembly lines worldwide as it seeks to boost profits by getting smaller, two company sources with direct knowledge of the matter said.

Exclusive: Datsun brand set to go as Nissan rolls back Ghosn's expansionist strategy - sources

Renault Chairman Jean-Dominique Senard is determined to get the carmaker's alliance with Japan's Nissan  back on track next year, he said on Tuesday, adding other matters such as a potential tie-up with Fiat Chrysler were less of a priority.

Renault chairman vows to get Nissan alliance back on track next year

Nissan Motor Co's incoming chief executive Makoto Uchida told employees on Friday that his mission is to "restore business performance and regain trust in Nissan".

Nissan on gradual recovery path, incoming CEO Uchida tells staff

Renault's  board voted on Friday to oust chief executive Thierry Bollore, as the French carmaker and Japanese partner Nissan  seek a fresh start following the scandal-hit tenure of former alliance supremo Carlos Ghosn.

Renault seeks reboot of Nissan alliance after ousting CEO

His comments came after Nissan announced October 9 that it was ending the plant's nightshift for car production.

Crash-Out Brexit Could Force Closure Of Sunderland Car Plant, Warns Nissan Boss

Renault's  CEO Thierry Bollore, evoking reports of his potential departure, told staff on Thursday that the future of the carmaker's alliance with Nissan  was what mattered, not people, according to two company sources.

Renault CEO tells staff Nissan alliance is key, not personnel: sources

Nissan  said it will begin making the next-generation Juke vehicle at Britain’s biggest car plant on Monday, just over two weeks before a possible no-deal Brexit which the industry has warned could bring production to a halt.

Nissan to start building new Juke car at UK plant as Brexit looms

Strengthening the alliance between car makers Renault  and Nissan  is crucial, said French junior economy minister Agnes Pannier-Runacher on Thursday, amid signs of a possible management shake-up at Renault.

Strengthening Renault-Nissan alliance is crucial: French minister

Uchida needs to deal with the emotional, personal and business issues - in that order.

How Nissan’s Makoto Uchida Should Channel Lyndon Johnson As He Takes Over From Carlos Ghosn

Nissan Motor Co Ltd  demoted senior vice president Hari Nada, a key  whistleblower against former Chairman Carlos Ghosn, after an internal investigation found no evidence against the executive.

Nissan demotes former chairman Ghosn's aide Nada

While Uchida, 53, didn’t come to Nissan until 2003, he is seen as having a positive relationship with French automaker Renault, which owns 43% of Nissan in an alliance that Ghosn led for about two decades. Nissan owns about 15% of Renault, but has no voting rights.

Nissan Names Makoto Uchida As CEO Charged With Leading Post-Ghosn Turnaround

Nissan Motor Co  named the head of its Chinese business as its next CEO on Tuesday, picking an executive known for close ties to top shareholder Renault  and for a frank, straight-talking manner that has marked him as an outsider.

Nissan pins revival hopes on 'foreigner with a Japanese face'

Nissan Motor Co  named a relative outsider who joined the automaker mid-career as its next CEO on Tuesday, picking Makoto Uchida in a surprise move that was immediately seen as positive for its strained ties with top shareholder Renault.

Nissan pins hopes on surprise CEO choice to lead revival

Nissan has selected a new chief executive officer as it tries to move beyond a scandal that has strained ties with alliance partner Renault.

Nissan names new CEO after a chaotic year

Nissan Motor Co  named Senior Vice President Makoto Uchida as its next chief executive on Tuesday, picking a relative outsider who joined the automaker mid-career and is known for his rigorous work ethic and relentless focus on cost control.

Nissan names darkhorse candidate Uchida as next CEO, Gupta as COO

The board of Nissan Motor Co  has picked Senior Vice President Makoto Uchida as its next chief executive and Ashwani Gupta as its chief operating officer, two sources said on Tuesday, following a board meeting of the scandal-hit automaker.

News for Nissan Motor Co Ltd Stock (NSANY)