NSANY - Nissan Motor Co., Ltd.

Other OTC - Other OTC Delayed price. Currency in USD
7.03
-0.22 (-2.97%)
At close: 4:00PM EDT
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Previous close7.25
Open7.00
Bid0.00 x 0
Ask0.00 x 0
Day's range6.93 - 7.43
52-week range6.15 - 17.28
Volume227,071
Avg. volume267,709
Market cap13.025B
Beta (5Y monthly)1.15
PE ratio (TTM)2.11
EPS (TTM)3.33
Earnings dateN/A
Forward dividend & yield0.36 (5.03%)
Ex-dividend date25 Sep 2019
1y target est8.94
  • Coronavirus: Car industry pivot to ventilators isn't the miracle solution to global shortfall
    Yahoo Finance UK

    Coronavirus: Car industry pivot to ventilators isn't the miracle solution to global shortfall

    With a wealth of 3-D printing capabilities and production power, governments have been reaching out to the car industry for support.

  • Reuters

    Mitsubishi Corp could take Renault stake in alliance rejig - sources

    Japan's Mitsubishi Corp could potentially invest in Renault as part of scenarios being discussed to reinforce an alliance between the French carmaker, Nissan and Mitsubishi Motors, two sources familiar with the matter said. French newspaper Les Echos reported earlier on Thursday, citing an unnamed executive familiar with the discussions and other unnamed sources, that Mitsubishi Corp, a conglomerate with a 20% holding in Mitsubishi Motors , could take a 10% stake in Renault. Renault declined to comment.

  • Mitsubishi Corp could take Renault stake in alliance rejig: sources
    Reuters

    Mitsubishi Corp could take Renault stake in alliance rejig: sources

    Japan's Mitsubishi Corp could potentially invest in Renault as part of scenarios being discussed to reinforce an alliance between the French carmaker, Nissan and Mitsubishi Motors, two sources familiar with the matter said. French newspaper Les Echos reported earlier on Thursday, citing an unnamed executive familiar with the discussions and other unnamed sources, that Mitsubishi Corp, a conglomerate with a 20% holding in Mitsubishi Motors , could take a 10% stake in Renault. Renault declined to comment.

  • Detroit automakers idle U.S. plants to combat coronavirus outbreak
    Reuters

    Detroit automakers idle U.S. plants to combat coronavirus outbreak

    The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly workers at those facilities, industry officials said. Ford Motor Co, General Motors Co and Fiat Chrysler Automobiles NV confirmed the decisions to shut U.S. plants, as well as factories in Canada and Mexico. The Detroit automakers' shares took a beating on Wednesday, with GM closing 17.3% lower, Ford off 10.2% and Fiat Chrysler shares ending 9.2% lower in New York.

  • Nissan to stop producing cars in Indonesia as part of reorganization plan
    Reuters

    Nissan to stop producing cars in Indonesia as part of reorganization plan

    Nissan Motor Co said on Wednesday it would stop producing vehicles in Indonesia, consolidating its global production in the face of falling sales which have pummeled its profitability. The decision to stop production at the West Java plant, which made its struggling Datsun compact cars, was part of a plan for "rightsizing, production optimization and reorganizing of business operations," Japan's No. 2 automaker said in a statement. Nissan has warned that production cuts, which would result in plant closures, would be needed to accelerate cost-cutting and rebuild profits.

  • Nissan stops production at UK factory over coronavirus impact
    Reuters

    Nissan stops production at UK factory over coronavirus impact

    Nissan has stopped output at Britain's biggest car factory due to the impact from coronavirus as it assesses supply-chain disruption and the drop in demand, the most significant closure to affect the country's autos sector so far from the outbreak. Vauxhall's Ellesmere Port car factory in northern England is also due to close on Tuesday until March 27 as party of parent company Peugeot's plans to shut sites across the continent to handle the crisis. Nissan's Sunderland factory in north-eastern England made nearly 350,000 out of Britain's 1.3 million cars last year, producing the firm's Qashqai, Juke and LEAF models.

  • Nissan plans to resume production at Hubei plant sometime this week
    Reuters

    Nissan plans to resume production at Hubei plant sometime this week

    Japanese automaker Nissan plans to partially resume production at its Xiangyang and Zhengzhou plants in China with its partner Dongfeng Group sometime this week, a company spokeswoman told Reuters. The Xiangyang plant is in Hubei province, the epicentre of the coronavirus epidemic which has killed more than 3,100 people in China.

  • U.S. Senators Pressure Japan Over Ex-Nissan Director’s Detention
    Bloomberg

    U.S. Senators Pressure Japan Over Ex-Nissan Director’s Detention

    (Bloomberg) -- Three U.S. senators pressed Japan’s government to assure a fair trial for an American citizen being held for alleged financial crimes, saying his case highlights issues that could put the countries’ relationship at risk.In a commentary published by Real Clear Politics, Senators Roger Wicker of Mississippi and Lamar Alexander and Marsha Blackburn from Tennessee criticized the treatment by Japanese authorities of former Nissan Motor Co. director Greg Kelly, who was temporarily jailed in solitary confinement and has been unable to leave the country while awaiting trial.“His predicament is a cautionary tale for Americans thinking about working in Japan, raising serious questions about whether non-Japanese executives can comfortably work in Japan under its legal system,” the three Republicans wrote Tuesday. “If Americans and other non-Japanese executives question their ability to be treated fairly in Japan, then that most important bilateral relationship in the world is at risk.”The senators represent the two states where Nissan has vehicle assembly plants in the U.S. and Tennessee also is home to the Japanese carmaker’s North American headquarters. A representative for the U.S. State Department didn’t immediately respond to a request for comment.Kelly and his family have questioned his ability to get a fair trial in Japan, where he’s been prohibited from leaving since late 2018. Without the testimony of former Nissan Chairman Carlos Ghosn, who fled the country late last year, Kelly fears he may not be able to fully defend himself against prosecutors’ allegations that he violated Japanese financial laws.Tokyo officials have defended Japan’s judicial practices, saying they’re comparable to systems in Europe and the U.S. Japanese prosecutors allege Kelly conspired with Ghosn to hide the former chairman’s deferred compensation, a charge he has denied.Kelly’s trial is not expected to begin until sometime this summer, roughly 18 months after he was charged, his son, Kevin Kelly, wrote in a blog post on Monday. The elder Kelly was released on 70 million yen ($666,000) bail in December 2018, a month after being jailed shortly after arriving in Japan for a Nissan board meeting.Kelly agreed to a $100,000 penalty and five-year suspension from serving as a corporate officer in September as part of a settlement with the U.S. Securities and Exchange Commission, without admitting or denying the agency’s findings. He had been charged with helping fraudulently conceal over $140 million in compensation and retirement benefits on behalf of his former boss.\--With assistance from Bill Faries.To contact the reporter on this story: Chester Dawson in Southfield at cdawson54@bloomberg.netTo contact the editor responsible for this story: Craig Trudell at ctrudell1@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Exclusive: Nissan to pull out of venture fund with Renault in cost-cutting drive, sources say
    Reuters

    Exclusive: Nissan to pull out of venture fund with Renault in cost-cutting drive, sources say

    Nissan Motor Co is likely to pull out from a venture capital fund it runs with alliance partners Renault SA and Mitsubishi Motors, as part of the Japanese automaker's drive to cut costs and conserve cash, two sources said. Nissan will formally take a decision on whether to leave the fund, Alliance Ventures, by the end of this month, the two Nissan insiders told Reuters, declining to be identified because the information has not been made public. The likely move comes after Nissan's junior partner, Mitsubishi Motors Corp , told an alliance meeting last week that it would no longer continue to inject money into the fund, one of the sources said.

  • Struggling Nissan's China vehicle sales drop 80% in February
    Reuters

    Struggling Nissan's China vehicle sales drop 80% in February

    TOKYO/BEIJING (Reuters) - Nissan Motor Co's vehicle sales in China, its biggest market, dropped 80% in February as coronavirus concerns sapped demand, in another blow to the carmaker which is struggling to recover from a profit free fall. Nissan has been betting on growth in China to cushion the impact from its slumping business in the United States and Japan, where car sales fell 27% last month. Nissan has been grappling with falling sales for the past two years and its new executive team could come under increasing pressure to deliver deeper cost cuts in its recovery plan, which is expected in May.

  • Nissan pushes on with new vehicle plan at UK factory despite Brexit warning
    Reuters

    Nissan pushes on with new vehicle plan at UK factory despite Brexit warning

    Nissan is pushing on with plans to build its new Qashqai sports utility vehicle at its British factory despite warnings over Brexit, announcing on Friday a 52-million pound investment in a new press line at the site. The Japanese carmaker has said that if Britain's departure from the European Union leads to tariffs, its European business, which also includes a plant in Barcelona, would be unsustainable. It said it would build the new Qashqai at its northern English Sunderland site in 2016 after government reassurances that Brexit would not hit competitiveness, reflecting how far in advance investment decisions are made for a vehicle due around the start of 2021.

  • Coronavirus Rattles Auto Market: Should You Buy the Dip?
    Zacks

    Coronavirus Rattles Auto Market: Should You Buy the Dip?

    A prudent move would be to buy beaten-down stocks that are set to gain traction on the back of encouraging fundamentals and solid earnings prospects.

  • Nissan GT-R: Does ‘Godzilla’ still strike fear in the competition?
    Yahoo Finance

    Nissan GT-R: Does ‘Godzilla’ still strike fear in the competition?

    There’s no doubting the prowess of the Nissan GT-R, even several years later. But does the car still hold up as a *current* model for sale?

  • Coronavirus Concerns Further Plague China Auto Industry
    Zacks

    Coronavirus Concerns Further Plague China Auto Industry

    Amid coronavirus, the China auto industry has taken a severe beating of late, with shutdown of factories, dealerships with less customer traffic, supply-chain disruption and annual motor show delay.

  • Nissan, Honda delay restart of some China plants due to coronavirus
    Reuters

    Nissan, Honda delay restart of some China plants due to coronavirus

    Japanese automakers delayed on Friday the restart of plants in China near the epicentre of a coronavirus outbreak, complying with authorities' directives, but raising the risk of further supply disruptions that could hit global car production. Nissan Motor Co said it would keep its plants in Xianyang in the central province of Hubei, and Zhengzhou in the neighbouring province of Henan, shuttered after Monday, when it had planned to resume operations, but did not set a new date. Honda Motor Co said operations at its plants in Wuhan, Hubei's provincial capital in which the outbreak began, would remain suspended until March 11.

  • Nissan's new CEO says willing to be fired if no turnaround
    Reuters

    Nissan's new CEO says willing to be fired if no turnaround

    Nissan's new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan's second biggest automaker which is grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn. Makoto Uchida, who took over the top job in December, put his job on the line at the automaker's shareholders' meeting, where he faced demands ranging from cutting executive pay to offering a bounty to bring Ghosn back to Japan after he fled to Lebanon. Nissan's worsening performance has heaped pressure on Uchida, formerly Nissan's China chief who became its third CEO since September, to come up with aggressive steps to revive the company.

  • Nissan CEO tells angry shareholders he is ready to be sacked if no turnaround
    Reuters

    Nissan CEO tells angry shareholders he is ready to be sacked if no turnaround

    Nissan's new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan's second biggest automaker which is grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn. Makoto Uchida, who took over the top job in December, put his job on the line at a raucous shareholders' meeting, where he faced demands ranging from cutting executive pay to offering a bounty to bring Ghosn back to Japan after he fled to Lebanon. Nissan's worsening performance has heaped pressure on the 53-year-old Uchida, formerly Nissan's China chief who became its third CEO since September, to come up with aggressive steps to revive the company.

  • Clock's ticking for Nissan boss Uchida to show he has a plan - sources
    Reuters

    Clock's ticking for Nissan boss Uchida to show he has a plan - sources

    Nissan's new CEO Makoto Uchida doesn't have time to work his way into the job. The pressure intensified on Thursday when Nissan, which has had a year of turmoil since the arrest and sacking of long-time leader Carlos Ghosn, posted its first quarterly net loss in nearly a decade and slashed its annual profit forecast. One of the people familiar with the intentions of some on Nissan's 10-member board said an assessment of Uchida's efforts and a decision on his future would likely be made toward the middle of the year.

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