|Bid||770.90 x 0|
|Ask||771.40 x 0|
|Day's range||761.20 - 773.40|
|52-week range||761.20 - 1,145.50|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||4.04|
|Earnings date||24 Jul 2019 - 29 Jul 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1,065.60|
Japan's automakers' lobby said on Tuesday it was dismayed by President Donald Trump's declaration that some imported vehicles and parts posed a threat to U.S. national security, as the industry braces for a possible rise in U.S. tariffs. Trump made the unprecedented designation of foreign vehicles on Friday but delayed for up to six months a decision on whether to impose tariffs to allow for more time for trade talks with Japan and the European Union. "We are dismayed to hear a message suggesting that our long-time contributions of investment and employment in the United States are not welcomed," said Akio Toyoda, chairman of the Japan Automobile Manufacturers Association.
South Korean automakers saw their shares rise on Monday on optimism they would be exempt from import tariffs on vehicles the United States deems a threat to national security, after the U.S. president said a revised trade deal could address concerns. Hyundai Motor Co and affiliate Kia Motors Corp shares were both up nearly 3% in morning trade. U.S. President Donald Trump on Friday declared some imported vehicles and vehicle parts posed a national security threat.
There is a more than one-in-three chance of a further delay in Nissan’s profit recovery, said the rating agency, which in February lowered the company’s long-term issuer credit rating for the first time in a decade to A- from A. Nissan reduced its full-year earnings forecast after third-quarter profit missed analysts’ estimates, adding to the headwinds for a carmaker struggling with the fallout from the arrest of former chairman Carlos Ghosn. Sales in the U.S. plunged 19% in January amid an industry-wide slump, intensifying the pressure on Chief Executive Officer Hiroto Saikawa as he tries to ease tensions with partner and shareholder Renault SA.
U.S. President Donald Trump on Friday declared that some imported vehicles and parts pose a national security threat but delayed a decision for as long as six months on whether to impose tariffs to allow for more time for trade talks with the European Union and Japan. The unprecedented designation of foreign vehicles imported to the United States from some of its closest allies sparked anger from automakers, dealers and foreign governments after a White House document hinted it would seek voluntary export quotas on autos from U.S. trading partners.
Nissan Motor Co said on Friday that Hiroto Saikawa would stay on as chief executive, backing the protege of former boss Carlos Ghosn even as top shareholder Renault had earlier pushed for a change in the Japanese automaker's leadership. Saikawa's re-appointment is likely to be seen as a rebuff to Renault SA, which has pushed for leadership changes as a prelude to merger talks, sources at both companies have told Reuters. Saikawa - who has long opposed full integration - is seen as an obstacle to a tie-up, several people have said.
Mitsubishi Motors Corp said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia. Masuko will retain his role as chairman of the board, Mitsubishi Motors said in a statement, adding that Masuko and Kato will hold a press conference on May 20 to discuss the changes. Japan's sixth-largest automaker, in which Nissan Motor Co holds a controlling stake, said this month it expects profit to fall to 90.0 billion yen ($821 million) in the year to March as it navigates slowing demand for cars, global trade frictions and the need to develop new technologies.
TOKYO (AP) — Nissan proposed Friday adding Renault's chief executive, Thierry Bollore, to its board, as well as several outsiders, to strengthen its governance following the arrest of its former chairman, Carlos Ghosn.
TOKYO (Reuters) - Japan's Nissan Motor Co said on Friday it would keep Hiroto Saikawa as its chief executive, while bringing in the boss of alliance partner Renault to its board. The moves were widely ...
PARIS (Reuters) - European car sales fell 0.5% in April, the main regional industry group said on Friday, led by sharper monthly declines for Nissan, Ford and Volkswagen. Registrations fell to 1.345 million ...
Nissan Motor Co Ltd said on Thursday it would, for now, stick to self-driving technology which uses radar sensors and cameras, avoiding lidar or light-based sensors because of their high cost and limited capabilities. The Japanese automaker unveiled updated self-driving technology a month after Tesla Inc's Chief Executive Elon Musk called lidar "a fool's errand", berating the technology for being expensive and unnecessary. Nissan, which wants to have its self-driving cars on city streets by 2020, has long shunned lidar, a relatively new technology for automobiles which has recently been the subject of an influx in investment by many of its rivals.
The cash for the Coventry, central England-based Battery Industrialisation Centre adds to an initial investment of 80 million pounds, Clark’s Department for Business, Energy and Industrial Strategy said on Thursday in a statement. The project is part of a broader aim for Britain to build a so-called Gigafactory -- a large-scale battery factory that would cater for car companies that manufacture in Britain, including Jaguar Land Rover Automotive Plc and Nissan Motor Co. Also this year, Nissan scrapped plans to build a new car model in Sunderland, northeast England, while Jaguar Land Rover Automotive Plc has also announced thousands of job cuts.
Nissan Motor Co. on Tuesday reported dismal earnings and gave an even grimmer outlook. Chief Executive Officer Hiroto Saikawa then proceeded to talk about fanciful ideas of improving governance and the company’s transformation and recovery. In his video message last month, Ghosn harped on Nissan’s “value destruction.” It’s hard to dispute him: Returns on equity have dropped to just about 6% from their peak of 16% two years ago.
PARIS (Reuters) - Renault's shares fell sharply on Wednesday, in the wake of a slump in the stock price of its Japanese partner Nissan after Nissan issued a bleak earnings outlook. Renault shares were ...
DETROIT/TOKYO (Reuters) - Nissan Motor Co Ltd said on Tuesday it had hit "rock bottom" with a 45% drop in annual operating profit. The automaker's troubles in the United States, including a failure to deliver on a slew of promises to dealers, are a major reason why. Nissan's U.S. operations, once a big contributor to its international sales and profit, are now emblematic of its global challenges.
PARIS/TOKYO (Reuters) - Renault is quietly pushing for a change of Nissan leadership as a prelude to merger talks, sources at both companies said, after the Japanese carmaker warned of a further earnings slide in the wake of the Carlos Ghosn scandal. Jean-Dominique Senard, who replaced Ghosn as Renault chairman in January, sees Nissan boss Hiroto Saikawa as an obstacle to progress, several people told Reuters. Pressure for a tie-up -- which Saikawa has refused to discuss -- will only intensify after Nissan revealed on Tuesday that its operating profit plunged 45 percent in the last fiscal year and will likely drop another 28 percent to "rock bottom" in the current one.
A leading operator of charging stations has sounded the alarm on a proposed technical standard that it says could hamper mass adoption of electric vehicles by making it harder to charge them at home or at work. ChargePoint, which plans to run 2.5 million charging stations by 2025, says the standard would perpetuate an old 'gas station' model that automakers are backing as they launch mass production of battery-powered cars. As well as being less convenient for users, that could give too much pricing power to utilities, limiting the flexibility of charge station owners, ChargePoint says.
Nissan boss Hiroto Saikawa says the car maker has hit "rock bottom" as it reported a sharp fall in annual profits and continued to grapple with the fall-out from the arrest of former chairman Carlos Ghosn. It also booked 4.4 billion yen (£31m) of expenses to reflect previous misstatements involving Mr Ghosn's pay - an issue at the heart of allegations of financial misconduct against him, which he denies. Mr Saikawa apologised for the results, telling a news conference in Yokohama: "Today we have hit rock bottom.
TOKYO (AP) — Japanese automaker Nissan, reeling from the arrest of its former chairman Carlos Ghosn, reported Tuesday that its annual profit nose-dived to less than half of what it earned the previous year, and forecast even dimmer results going forward.
Nissan Motor Co forecast a 28% plunge in its annual operating profit, putting it on course for the weakest earnings in 11 years and underscoring its struggle to turn the page after former Chairman Carlos Ghosn was ousted. The lacklustre outlook from Japan's No.2 automaker - hit by Ghosn's arrest last year and troubles at its North American business - is likely to add to the pressure on CEO Hiroto Saikawa as he tries to overhaul corporate governance and put Nissan on a more equal footing with alliance partner Renault. Nissan's weakening profit and a growing number of departing executives and managers have raised concerns at Renault, which holds a 43% stake in the Japanese firm and has pushed for closer ties.