NSANF - Nissan Motor Co., Ltd.

Other OTC - Other OTC Delayed price. Currency in USD
6.38
0.00 (0.00%)
At close: 9:47AM EDT
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Previous close6.38
Open6.38
Bid0.00 x 0
Ask0.00 x 0
Day's range6.38 - 6.38
52-week range6.05 - 9.26
Volume53,538
Avg. volume12,898
Market cap24.138B
Beta (3Y monthly)0.68
PE ratio (TTM)3.83
EPS (TTM)1.66
Earnings dateN/A
Forward dividend & yield0.53 (8.33%)
Ex-dividend date2019-03-27
1y target estN/A
Trade prices are not sourced from all markets
  • Experience, not nationality, key for new CEO at France's Renault: minister
    Reuters

    Experience, not nationality, key for new CEO at France's Renault: minister

    Experience in overhauling a company and a track record in industry will be more important than nationality when carmaker Renault chooses a new chief executive, France's junior economy minister said on Tuesday. Renault, in which the French government owns a 15% stake, last week kicked off the search for a new leader after ousting CEO Thierry Bollore, hoping new blood will help it repair relations and strengthen a partnership with Japan's Nissan , which has also switched top managers. The French state, with a boardroom vote on Bollore's successor, is open to casting the net wide, junior minister Agnes Pannier-Runacher told Reuters.

  • Experience, not nationality, key for new CEO at France's Renault - minister
    Reuters

    Experience, not nationality, key for new CEO at France's Renault - minister

    Experience in overhauling a company and a track record in industry will be more important than nationality when carmaker Renault chooses a new chief executive, France's junior economy minister said on Tuesday. Renault, in which the French government owns a 15% stake, last week kicked off the search for a new leader after ousting CEO Thierry Bollore, hoping new blood will help it repair relations and strengthen a partnership with Japan's Nissan, which has also switched top managers. The French state, with a boardroom vote on Bollore's successor, is open to casting the net wide, junior minister Agnes Pannier-Runacher told Reuters.

  • Bloomberg

    Renault’s Delbos Joins GM’s Barra in Sparse Ranks of Female Auto Executives

    (Bloomberg) -- Renault SA ’s promotion of Chief Financial Officer Clotilde Delbos to the carmaker’s top spot will make her the second most-powerful female auto executive after General Motors Co. CEO Mary Barra -- at least on an interim basis.The French carmaker Friday ousted Thierry Bollore in a bid to move on from fractious months with automotive partner Nissan Motor Co. after the arrest of Carlos Ghosn, who led both companies. Turning over a fresh page, Nissan earlier this week named a new management team.Renault’s new CEO, who joined the carmaker in 2012 and became CFO four years later, has been at the center of efforts to reshape the world’s biggest automaking alliance. She was part of the “Orange group” at Renault that pushed for a closer tie-up including a merger with Nissan, along with Chairman Jean-Dominique Senard. Nissan rejected even the idea of reviving discussions about a merger in April.The 52-year-old also held roles within the partnership, taking charge of control and performance at the Renault-Nissan alliance in 2014. She and Senard both previously worked at aluminum producer Pechiney, which Delbos joined in 1992, climbing through various audit and finance-related roles over two decades. During that time, the metals company passed through the hands of Alcan, Rio Tinto and Apollo Global Management. Senard joined in 1996, and he was named CEO in 2003.Male-DominatedAuto companies remain a male-dominated fold. Aside from Barra, there are few other female leaders of major carmakers with operational responsibilities. Tesla Inc. named Robyn Denholm to chair its supervisory board last year.At GM, Dhivya Suryadevara holds the CFO position, while at Daimler AG, Britta Seeger is head of sales. Volkswagen AG brand Audi this year named former BMW AG executive Hildegard Wortmann to its management board to lead sales and marketing. Linda Jackson is CEO of Peugeot’s Citroen brand. Other female board members tend to operate in human resources or governance roles.Delbos will be flanked by two male deputies, Olivier Murguet and Jose Vincente de los Mozos, while the the company seeks a permanent replacement. Senard’s responsibilities will be expanded to include oversight of stakes in RCI Bank, a motor joint venture with Samsung and other industrial and commercial companies.Ghosn’s arrest over allegation of financial misconduct, which he denies, exposed poor corporate governance at Nissan and brought long-simmering tensions between the automakers to a boil. Removing Bollore, seen as a holdover from the Ghosn era, could help resolve their differences, which would be a prerequisite to reviving merger discussions with Fiat Chrysler Automobiles NV. That deal was scrapped earlier this year after Nissan failed to back a deal.To contact the reporter on this story: Ania Nussbaum in Paris at anussbaum5@bloomberg.netTo contact the editors responsible for this story: Tara Patel at tpatel2@bloomberg.net, ;Anthony Palazzo at apalazzo@bloomberg.net, Elisabeth Behrmann, Thomas MulierFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Renault Has Two Boardroom Coups in One Year

    (Bloomberg Opinion) -- During the past 12 months Renault SA has looked more like a soap opera than a carmaker. The French company served up an ill-tempered denouement on Friday when it sacked Chief Executive Officer Thierry Bollore, who said he was the victim of a “coup.”Bollore only took the job in January after his predecessor Carlos Ghosn was arrested for alleged impropriety around his pay and resigned. Since then, Renault’s alliance with Japan’s Nissan Motor Co. has been in turmoil and the French company’s cash flow and share price have skidded.Renault compounded the dramatics earlier this by trying to merge with Fiat Chrysler Automobiles NV, only for the French state to torpedo the union.These events have created a profound sense of drift at the manufacturer, for which Bollore and his chairman Jean-Dominique Senard are probably equally to blame. It’s Bollore who’s been given the shove, though, and Renault now has (yet another) opportunity to start afresh. Clotilde Delbos, the finance director, has been appointed interim CEO while the company looks for a permanent replacement.The first priority must be to tone down the histrionics. As at Nissan, which appointed a new CEO this week, Renault needs to focus on operational matters, not creating newspaper headlines. Boardroom bust-ups are never helpful but this one is especially ill-timed. Car markets are weakening and anti-pollution regulations and the shift to electric vehicles require heavy spending.Unfortunately Renault isn’t starting out from a position of strength. It is reasonably well positioned in electric vehicles (with the Zoe) and in emerging markets such as Brazil and Russia. Its low-cost Dacia business performs well. However, Renault can no longer rely on chunky profit contributions and dividends from Nissan because its Japanese partner is also battling slumping sales. Renault’s balance sheet isn’t the strongest: the group had just 1.5 billion euros ($1.65 billion) of industrial net cash at the end of June And its core automotive business eked out a meager 4 percent operating return on sales in the first six months of the year. Its local rival Peugeot SA achieved twice that. Overall, net income will probably fall by about one-quarter this year.  Looking ahead, Renault targets 70 billion euros in yearly revenue by 2022, about one-fifth higher than last year. Yet with car demand plateauing it’s unlikely to get anywhere near that. Sales will rise only slightly to about 59 billion euros in 2021, according to analysts polled by Bloomberg.Fresh leadership at Renault and Nissan might at least help the two partners work more harmoniously. Then perhaps Senard and Fiat’s scion John Elkann can start talking again about a merger (Nissan wasn’t happy about the lack of consultation on the idea). But in view of the bad blood and false starts of the past 12 months, neither seems likely in the short term. Renault doesn’t need another distraction.The company’s shares jumped 4 percent on Friday but Renault shareholders remain pretty downbeat. Subtract the value of Renault’s 43% stake in Nissan, its stake in Germany’s Daimler AG and its net cash, and you’ll see they ascribe only about 2.5 billion euros of value to the core business.Bollore claims he’s been treated shabbily, but his successor inherits a lousy valuation, a trunk full of strategic problems and a chairman and French state stakeholder second-guessing their every move. His departure feels like an act of mercy.To contact the author of this story: Chris Bryant at cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Nissan says no-deal Brexit tariffs would be unsustainable for it in Europe
    Reuters

    Nissan says no-deal Brexit tariffs would be unsustainable for it in Europe

    No-deal Brexit tariffs of 10% on vehicles would be unsustainable for Nissan in Europe, where it runs Britain's biggest car factory, the Japanese company warned on Thursday. The automaker made nearly one in three of Britain's 1.5 million cars last year at its northern English Sunderland plant, although annual production levels at the site will drop this year. Nissan, which was encouraged by then Prime Minister Margaret Thatcher in the 1980s to use Britain as a gateway to the Continent, has spent 100 million pounds on investment in a new Juke model, due to begin production next week.

  • Reuters - UK Focus

    UPDATE 2-Nissan says no-deal Brexit tariffs would be unsustainable for it in Europe

    No-deal Brexit tariffs of 10% on vehicles would be unsustainable for Nissan in Europe, where it runs Britain's biggest car factory, the Japanese company warned on Thursday. The automaker made nearly one in three of Britain's 1.5 million cars last year at its northern English Sunderland plant, although annual production levels at the site will drop this year.

  • Renault board to meet, as CEO denounces potential exit as 'coup'
    Reuters

    Renault board to meet, as CEO denounces potential exit as 'coup'

    Renault SA's CEO, Thierry Bollore, denounced as a "coup" his potential exit from the French carmaker, which has called a board meeting on Friday to discuss governance matters. Bollore also told Les Echos newspaper on Thursday he was appealing to the key Renault shareholder, the French state, to avoid destabilising the company. "The brutality and the totally unexpected character of what is happening are stupefying ... This coup de force is very worrying," Bollore said.

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

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

    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 decided in 2015, before the 2016 referendum was even held, to make the latest version of the sport utility vehicle at its northern English Sunderland factory, reflecting how major decisions are made years in advance. The Japanese company, which was encouraged by Prime Minister Margaret Thatcher in the 1980s to use Britain as a gateway to the Continent, has spent 100 million pounds on the latest investment in Juke with 70% of the output for EU markets.

  • Nissan Power Struggle Ends With Three New Renault-Backed Leaders
    Bloomberg

    Nissan Power Struggle Ends With Three New Renault-Backed Leaders

    (Bloomberg) -- The struggle for the leadership of embattled Nissan Motor Co. ended in an uneasy compromise, as the top contenders all got senior roles.The carmaker’s directors tapped Makoto Uchida, 53, the head of its China joint venture, as chief executive officer, to work alongside new Chief Operating Officer Ashwani Gupta and Jun Seki, the new deputy COO. These three were all on the shortlist a week ago.One factor in the decision was suggested by Chairman Yasushi Kimura at a news conference at Nissan’s headquarters in Yokohama late Tuesday. By adopting a collective-style leadership, the board ensures that no one can dominate decision-making, a clear reference to ousted leader Carlos Ghosn’s outsized influence over Nissan and its alliance with top shareholder Renault SA.Nissan shares fell 1.1% to 653 yen at the close in Tokyo Wednesday. The stock is down 26% this year.Ghosn led both companies for years and held their two-decade partnership together until his arrest last November on allegations of financial misconduct, which he has denied. His downfall exposed shoddy corporate governance at Nissan and brought long-standing tensions between the automakers to the fore.Relations were further strained when Nissan’s failure to back Renault’s plan to merge with Fiat Chrysler Automobiles NV effectively scuttled the transaction.Nissan would be open to evaluating a Fiat deal after it rebalances its lopsided shareholding relationship with Renault, according to people familiar with the situation. Renault Chairman Jean-Dominique Senard wants to start the search for a successor to CEO Thierry Bollore, and the matter may be on the agenda at the carmaker’s board meeting on Oct. 18, Le Figaro newspaper reported.The French carmaker holds 43% of Nissan, while the Japanese company owns 15% of Renault, without voting rights. While talks haven’t resumed, a change of management at Nissan was seen by some as a precondition for restarting discussions, the people said, asking not to be named citing private matters.Uchida’s most urgent tasks will be to reverse a slide in profit and execute a massive overhaul, all while navigating the treacherous corporate and political crosscurrents in Japan and France. His appointment follows the September departure of Hiroto Saikawa, who resigned as CEO following a scandal over pay.Uchida ran Nissan’s joint venture in China, the carmaker’s single biggest market, accounting for almost a third of its operating income in recent years. He joined Nissan from Nissho Iwai Corp. in 2003, and won favor with Renault while collaborating with the French firm on joint procurement, said people familiar with the matter, who asked not to be identified.Known for his overseas experience, Uchida has also worked for Renault Samsung in South Korea. He studied theology at Doshisha University, an unusual background for someone in the auto industry.Nissan’s leadership search came at a critical time for the company, which reported decade-low profits in July and announced plans for 12,500 job cuts. Auto sales are slowing across the globe and new technologies from self-driving cars to electrification are disrupting the industry.“There is restructuring to be done at home and abroad, new vehicle development needs to speed up, while management coordination with Renault and efforts to improve profitability are in disarray,” said Koji Endo, an analyst at SBI Securities Co. “There are so many things to do.”Gupta was viewed as a supporter of the auto-making alliance, which includes Mitsubishi Motors Corp., winning him the favor of Renault Chairman Jean-Dominique Senard. Born in Dehradun, India, Gupta graduated from the country’s Jawaharlal Nehru Engineering College before obtaining a diploma from French business school Insead.A Renault representative declined to comment on the Nissan appointments.The 49-year-old Gupta started his career in 1992 in engineering and purchasing in private industry and later moved to management positions with Honda Motor Co. in India and Japan. In 2006, Gupta became general manager of purchasing at Renault India in Mumbai, and in 2008 moved to the Renault Nissan Purchasing Organization in France as global supplier account manager for braking systems.“Uchida and Gupta seem to have a good balance,” said Tatsuo Yoshida, a senior auto analyst at Bloomberg Intelligence in Tokyo. “Mr. Uchida has experience outside of Nissan and came from a trading company, while Mr. Gupta is not Japanese nor French and has worked at other Japanese automakers, which can help the alliance strengthen.”Seki is a former Nissan China chief. A Nissan lifer who joined in 1986, he worked in engineering and production and has mostly kept a low profile.Seki graduated from Japan’s National Defense Academy, an uncommon background for someone at an automaker, because most graduates go on to serve in Japan’s Self-Defense Forces. He’s seen as someone who’d be sympathetic to Japanese interests, people with knowledge of the matter have said.(Updates with Nissan share reaction in fourth paragraph)\--With assistance from Reed Stevenson, Tommaso Ebhardt, Siddharth Philip, Masatsugu Horie and Angus Whitley.To contact the reporters on this story: Kae Inoue in Tokyo at kinoue@bloomberg.net;Ania Nussbaum in Paris at anussbaum5@bloomberg.netTo contact the editors responsible for this story: Kenneth Wong at kwong11@bloomberg.net, Frank Connelly, Tara PatelFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Renault Plans Bigger Electric Car to Rival Tesla and VW
    Bloomberg

    Renault Plans Bigger Electric Car to Rival Tesla and VW

    (Bloomberg) -- Renault SA is rushing to keep up with rivals to tap growing demand for electric cars in Europe with new models -- possibly with the help of Nissan Motor Co.The French carmaker is mulling a new all-electric car, bigger than its best-selling Zoe, that could compete with the likes of Tesla Inc.’s Model 3 and Volkswagen AG’s ID.3. The car may be produced on a common platform with Nissan and third alliance partner Mitsubishi Motors Corp., according to Emmanuel Bouvier, commercial director of Renault’s electric car business.“We’re working on developing the range of our lineup so as to cover all segments with electric cars,” said Bouvier, adding the new vehicle could also be derived from an existing model. “It’s too early to say that we’ll be in competition with Tesla head on, but we’re obviously planning to cover a larger share of the market.”Renault and Nissan moved early among mass-market carmakers to offer electric vehicles with the Zoe and the Nissan Leaf, but the models lack major shared components or underpinnings. The prospect of the world’s biggest automotive partnership producing new cars together has been under a cloud ever since the downfall of former leader Carlos Ghosn, whose November arrest threw deep tensions in the two-decade old alliance into the open.Carmakers are rapidly expanding their electric offerings to keep up with tougher emissions standards globally. While sales are growing, battery-powered vehicles remain a niche product with buyers put off by limited driving ranges and patchy charging points. That could change as a string of affordable new models move into showrooms, like the Peugeot 208 small car and the ID. 3, both retailing for around 30,000 euros ($33,000).Renault, which is rolling out a new version of the Zoe with an extended range next year, is also working on a more affordable vehicle, Bouvier said. The K-ZE low-cost car it built for China, partly based on the Indian Kwid model, could eventually be used to build a European affordable all-electric vehicle, he said.Demand for the new 24,000-euro Zoe is expected to be strong, Bouvier said, with Renault pursuing plans to have eight electric models in its lineup by 2022. Previous plans by the alliance from 2017 indicated 12 new battery-electric cars by 2022 across Renault, Nissan and Mitsubishi.To contact the reporter on this story: Ania Nussbaum in Paris at anussbaum5@bloomberg.netTo contact the editors responsible for this story: Tara Patel at tpatel2@bloomberg.net, Elisabeth Behrmann, Frank ConnellyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Renault management shake-up on the cards: source
    Reuters

    Renault management shake-up on the cards: source

    A senior management shake-up at Renault is on the cards, a source close to the French government, a major shareholder in the carmaker, said on Wednesday after a newspaper reported that CEO Thierry Bollore was set to be replaced. Business daily Le Figaro said Renault's chairman was poised to kick off a process to replace Bollore, as the company tries to draw a line under an era marked by the arrest of former boss Carlos Ghosn.

  • Renault management shake-up on the cards - source
    Reuters

    Renault management shake-up on the cards - source

    A senior management shake-up at Renault is on the cards, a source close to the French government, a major shareholder in the carmaker, said on Wednesday after a newspaper reported that CEO Thierry Bollore was set to be replaced. Business daily Le Figaro said Renault's chairman was poised to kick off a process to replace Bollore, as the company tries to draw a line under an era marked by the arrest of former boss Carlos Ghosn.

  • Nissan to appoint Uchida as next CEO, Gupta as COO: Nikkei
    Reuters

    Nissan to appoint Uchida as next CEO, Gupta as COO: Nikkei

    TOKYO (Reuters) - Japan's Nissan Motor Co <7201.T> will appoint Senior Vice President Makoto Uchida as chief executive officer, the Nikkei newspaper said on Tuesday. The automaker will appoint Mitsubishi Motors <7211.T> Chief Operating Officer Ashwani Gupta as its COO, the Nikkei also reported.

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

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

    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. By selecting Senior Vice President Makoto Uchida, Nissan's board has gone with someone slightly at odds with its traditional corporate culture. Known for his unflagging work ethic and relentless focus on cost control, Uchida was described by one long-time associate who spoke on condition of anonymity as a "foreigner with a Japanese face" - direct and to the point in conversations.

  • Nissan Board Meets to Discuss New CEO
    Bloomberg

    Nissan Board Meets to Discuss New CEO

    Oct.07 -- Nissan Motor Co.’s board meets on Tuesday with just a few weeks to go until the Japanese automaker’s self-imposed deadline to find a new chief executive officer. At the top of the list are four leading candidates, people with knowledge of the matter said. Reed Stevenson reports on "Bloomberg Markets: Asia."

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