NSANY - Nissan Motor Co., Ltd.
| Previous close | 7.45 |
| Open | 7.48 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 7.48 - 7.69 |
| 52-week range | 5.81 - 8.54 |
| Volume | |
| Avg. volume | 74,565 |
| Market cap | 15.018B |
| Beta (5Y monthly) | 1.15 |
| PE ratio (TTM) | 16.30 |
| EPS (TTM) | 0.47 |
| Earnings date | N/A |
| Forward dividend & yield | 0.15 (2.01%) |
| Ex-dividend date | 29 Mar 2023 |
| 1y target est | 8.95 |
ReutersRenault customers to lodge criminal complaint in France over faulty engines
Renault could face prosecution in France over faulty engines as a group of customers plans to lodge a criminal complaint against the carmaker next week, the group's lawyer said on Friday. "We are going to file a complaint on Monday on behalf of at least several dozen people," Christophe Leguevaques told Reuters, adding many more owners of Renault vehicles - as well as those of its Dacia brand and partner Nissan - could join the move. The decision to file the complaint follows unsuccessful discussions between Renault and the plaintiffs over the faulty engines, he added.
The GuardianBrexit has wrecked Britain’s car industry, but so have the Tories
As carmakers warn that London must renegotiate its deal with Brussels, a lack of government policy is also plaguing the sector
The IndependentJapanese firms to invest £18bn in UK in ‘massive’ post-Brexit economy boost
Rishi Sunak said in Tokyo the pledges are a ‘massive vote of confidence’ in the British economy
PA Media: MoneyJapanese businesses set to invest £18bn in UK, says Rishi Sunak
The Prime Minister said in Tokyo that the pledges are a ‘massive vote of confidence’ in the British economy.
ReutersNissan operations chief Gupta to leave board, company says
TOKYO (Reuters) -Nissan's Chief Operating Officer Ashwani Gupta will not be reappointed to the board when his term expires next month, the automaker said on Friday, casting doubt on the future of the high-profile executive who had been seen in the running for CEO. The departure from the board of directors of the former long-time Renault SA executive comes as Nissan is working to finalise the terms of a sweeping reset of its decades-old alliance with the French car maker by mid-year. Gupta joined Nissan's leadership team in late 2019, when Japan's No.3 automaker was looking to put an end to a period of turmoil triggered by the arrest and sacking of long-time leader Carlos Ghosn.
ZacksIs Nissan Motor Co. (NSANY) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ReutersNissan expects 38% full-year profit rise on stronger sales outlook
TOKYO (Reuters) -Nissan Motor Co on Thursday flagged a better-than-expected 38% rise in profit this year on stronger sales, a rosier outlook for the Japanese automaker as it retools its often difficult alliance with Renault and faces headwinds in China. The bullish forecast, which comes as Nissan is pushing to turn itself around after years of turmoil, was based on expectations of almost 30% sales growth in both North America and Europe. Nissan, like other global automakers, is facing intense pressure in the world's largest auto market, where nimble local players are posing an increasing challenge thanks to a rapid roll-out of battery-powered electric vehicles (EVs).
ReutersAnalysis-Japan's automakers have a made-in-China sales crisis
Japan's automakers are facing a sales crisis in China, data shows, as a rapid shift to electric vehicles (EVs) has upended the world's largest auto market and led to a plunge in purchases of gasoline-powered cars. Total sales of Japanese auto brands in China were down 32% year-on-year in the first quarter, more than double the pace of the overall market contraction, industry data analysed by Reuters showed. While other automakers like Volkswagen AG have also been caught out by the sharp shift in China, Japanese automakers stand out because of their limited showing in the fast-growing category of electric and plug-in hybrid sales.
ZacksShould Value Investors Buy Nissan Motor Co. (NSANY) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ReutersNissan unveils new EV for China as it aims to up game in no. 1 auto market
SHANGHAI/TOKYO (Reuters) -Japan's Nissan Motor on Tuesday unveiled a new electric sport-utility vehicle (SUV) at the Shanghai auto show as it pledged its commitment to the Chinese auto market, which it said was likely to continue to pioneer the rise of electric cars. China has long been a key market for Nissan, but like other global automakers, it faces increasing pressure and the threat of declining market share from the rise of home-grown auto companies. Nissan plans to launch an EV designed specifically for the Chinese market, said Ashwani Gupta, Nissan's chief operating officer, speaking at the show.
ReutersVW, Rivian, Nissan, BMW lose access to US EV tax credits
The U.S. Treasury said on Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo Cars electric vehicles will lose access to a $7,500 tax credit under new rules for battery sourcing. The Treasury said the new requirements effective on Tuesday will also cut by half credits for the Tesla Inc Model 3 Standard Range Rear Wheel Drive to $3,750 but that other Tesla models will retain the full $7,500 credit.
ReutersExclusive-Nissan takes its own road, minus Renault, in seeking tech tie-up
(Reuters) -Nissan is developing growth plans in areas such as software and electric vehicles (EVs) independent of Renault SA as the automakers work to finalise terms of a sharply limited alliance, said seven people with knowledge of the matter. It is also working on an expanded strategy for all-battery and plug-in EVs for North American and Asian markets that will be for Nissan alone, they said. The revelations come as the alliance oversight board met this week to discuss a rebalance that will see Renault cut its stake in Nissan to 15% from 43% - matching the size of Nissan's stake in Renault - and Nissan gain reciprocal voting rights.
Yahoo Finance VideoNissan: ‘EV is the future and that’s what the market is asking for,’ Senior VP says
Nissan Motor Co. Senior Vice President Jérémie Papin joins Yahoo Finance Live from the 2023 New York International Auto Show at the Javits Center to discuss Nissan’s electric ambitions, the launch of 27 new vehicles over the next seven years, improving the automaker’s relationship with dealers, and the outlook for EVs.
Yahoo Finance UKBest-selling cars: the UK’s most popular models in March
The UK’s new car market has grown for eight consecutive months.
Yahoo Finance VideoWhat to expect from the 2023 New York International Auto Show
Yahoo Finance automotive reporter Pras Subramanian joins the Live show with a preview of the upcoming 2023 New York International Auto Show.
ReutersNissan, Renault confident of finalising alliance deal soon
TOKYO (Reuters) -Japanese automaker Nissan and France's Renault are confident the agreements on reshaping their alliance will be signed soon, they both said on Friday. They were responding to a report by Japanese news agency Jiji which said the final contract to reboot their alliance may be delayed until April or later due to extended discussion on intellectual property, including for electric vehicles. After months of intense talks, they agreed in January on a sweeping remake of their two-decade-old alliance that will see Renault reduce its stake in Nissan to 15% from about 43% to put them on equal footing.
ReutersRenault in talks with Nissan on EV charging in Europe -Renault executive
French car maker Renault is in talks with Nissan about synergies in electric vehicle charging in 11 European countries, Renault's charging unit CEO told Reuters on Thursday. Talks have already moved forward in France on charging boxes that customers can have installed at home for their Nissan EV, which will be supplied by the Mobilize unit of its partner Renault. "We are in talks about the 11 countries where we are present ... it is up to Nissan to decide," Nicolas Schottey said at the Autonomy Mobility conference about new mobilities in Paris.
ZacksThe Zacks Analyst Blog Highlights Tesla, Volkswagen, General Motors and Nissan
Tesla, Volkswagen, General Motors and Nissan are part of the Zacks top Analyst Blog.
ReutersFactbox-Insurers press carmakers for more help with EV batteries
Insurers and industry experts say electric vehicle insurance premiums will keep rising as sales grow unless the car companies make it easier to access battery data and repair packs that are only slightly damaged in collisions. Ford Motor Co said it has simplified its battery module repair process and developed an easy way to replace the battery pack tray if the outside is damaged. General Motors Co said its new Ultium batteries are designed to be repaired at the module level, which is "significantly less expensive than replacing the entire battery pack."
ReutersNissan workers at Tennessee plant reject union campaign
(Reuters) -A group of technicians at Nissan Motor Co's Smyrna, Tennessee, factory voted overwhelmingly against joining a union on Thursday, marking yet another defeat for organized labor in the U.S. South. The tool and die workers in a 62-9 vote rejected a campaign by the International Association of Machinists and Aerospace Workers (IAM), according to results announced by the U.S. National Labor Relations Board. The 75 technicians would have been the first group to unionize at the Japanese automaker's largest assembly plant in North America.
ReutersNissan workers in Tennessee to decide whether to form small union
Technicians at Nissan Motor Co's Smyrna plant in Tennessee will vote on Thursday whether to join a union, potentially providing a path to unionize thousands more production workers at the facility. The 86 tool and die workers would be the first group to unionize at Nissan's largest assembly plant in North America if they vote to join the International Association of Machinists and Aerospace Workers union, known as IAM. Last month, the Democrat-controlled U.S. National Labor Relations Board rejected Nissan's claim that any election should also involve thousands of production-line workers because they share working conditions with the technicians.
ReutersExclusive-Nissan's electric comeback stalled by Ariya production woes
Nissan Motor Co's new Ariya electric vehicle has been hampered by problems at its high-tech production line, four people familiar with the matter said, slowing delivery of a car designed to put the automaker on the road to a comeback. Unveiled in 2020 to strong reviews, the crossover was Nissan's first all-new global car in five years and signalled an intent to turn the corner on the turmoil that followed the ouster of former head Carlos Ghosn. But production is running at least a third below plan, keeping the Ariya from shipping to new customers, according to three of the people and production planning notes reviewed by Reuters.
ReutersNissan downgrade seen as start of 'fallen angels' cycle
The downgrade of Nissan Motor's credit rating from investment grade to junk by S&P Global on Tuesday marks the start of a cycle that could see as much as $55 billion of so-called "fallen angels" this year, said fund managers. Global supply-chain disruptions, higher labor costs and persistently high inflation in a slowing economy is expected to hurt companies in cyclical sectors like automotives, homebuilding and industrials, leading to rating downgrades of some investment-grade rated companies. S&P cut Nissan's rating by one notch to BB+ or junk, saying its profitability will remain weaker than global peers as softening demand for new car sales in the U.S. and Europe would pressure sales prices.
ReutersNissan to overhaul electric powertrains for EVs, hybrids in search of cost cuts
Nissan Motor Co Ltd on Thursday said it will overhaul its approach to powertrains for all-electric and hybrid petrol-electric vehicles as it aims to bring hybrid prices in line with those of petrol-powered cars by 2026. The Japanese automaker said it will use the same components across models to make electric powertrains - the assembly which propels a vehicle - smaller and lighter, and reduce development and production costs by 30% within three years versus 2019. It will also use solid-state batteries with materials that are cheaper than those usually used, such as nickel and cobalt, Senior Vice President Toshihiro Hirai told reporters.
ReutersS&P cuts Nissan credit rating to junk status
Nissan Motor Co Ltd's credit rating was cut to junk status by S&P Global Ratings on Tuesday, which said the Japanese automaker's earnings will remain weaker than previously assumed, given the prospect of another tough year in 2023. S&P slashed Nissan's rating by one notch to BB+ from BBB-, it said in a statement, a move that placed it below investment grade. "Performance at the company has been sluggish for more than three years," the rating agency said in the statement, adding that the impact of global supply chain disruptions in key automotive components will likely continue in 2023.
