27 stories mentioning TYO:7201Updated 7h ago
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Nissan's (TYO:7201) global sales fell 8.3% to 240,345 units in June, with a sharp decline in China, while global production dropped nearly 15% to 214,040.For the first half, global sales declined 6.7% to 1.51 million vehicles and production fell 6.8% to 1.32 million units, according to a Thursday statement.
Nissan Motor (TYO:7201) has signed a multi-year deal to supply its Formula E Gen4 powertrain to Andretti Formula E starting in season 13, according to a Friday release.The parties will collaborate by sharing technical expertise and engineering knowledge throughout the Gen4 era.Shares of the automaker were down more than 3% in recent trade.
Japanese stocks slipped to close in the red as a selloff in semiconductor shares dragged down the market, deepening losses for chipmakers.The benchmark Nikkei 225 closed down 2,694.42 points, or 4.03%, at 64,141.12.Oil prices gained on tighter supply and growing uncertainty following the geopolitical escalation in the Middle East as the US-Iran conflict intensifies after the US reimposed a naval blockade around Iran.The slide in chipmakers has deepened investors' concerns over the exposure to artificial intelligence-led technology investments.On the corporate side, Sotetsu Holdings (TYO:9003) has set the terms for its 47th series of unsecured bonds, totaling 10 billion yen, according to a Friday filing with the Tokyo bourse.And Nissan Motor (TYO:7201) has launched its Elgrand premium minivan loaded with the e‑POWER hybrid system and updated e‑4ORCE electric-drive all-wheel control technology in Japan.
Nissan Motor (TYO:7201) launched its Elgrand premium minivan loaded with the e‑POWER hybrid system and updated e‑4ORCE electric-drive all-wheel control technology in Japan, according to a Thursday release.The Japanese carmaker said that the new Elgrand model is equipped with an intelligent dynamic suspension, improving ride comfort and handling while maintaining the driving performance.The new redesigned model, first unveiled at the Japan Mobility Show 2025, is available for sale in Japan.
China's Chery Automobile (HKG:9973) formally opened its Rosslyn manufacturing plant in South Africa after acquiring the facility from Nissan Motor (TYO:7201) earlier this year, according to a press release on Saturday.The carmaker said it will retain all 692 employees at the plant and expects the facility to support nearly 3,000 jobs across the supply chain.The factory will undergo a full upgrade before production begins in the middle of 2027, with annual capacity expected to reach 50,000 vehicles per shift.Chery aims to achieve an initial localization rate of 40% by 2028 and plans to develop the Rosslyn facility into a regional hub for research and development, manufacturing, supply chain operations and skills training, serving southern Africa.
Nissan Motor (TYO:7201) is working to lower production costs for vehicles built in Mexico to offset the impact of U.S. tariffs, Bloomberg News reported Wednesday, citing an interview with Chief Executive Ivan Espinosa.Espinosa told Bloomberg Television the automaker is focusing on models subject to a 25% U.S. tariff, which have become harder to sell as affordability pressures weigh on demand.He said Nissan is seeking to make the Mexico-made vehicles more competitive as negotiations to renew the U.S.-Mexico-Canada free trade agreement continue, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Honda (TYO:7267) said its partnership with Nissan (TYO:7201) is progressing substantially, with President Toshihiro Mibe telling shareholders on Friday that some elements of the collaboration will be unveiled soon, Nikkei Asia reported on Monday.The two automakers, along with Mitsubishi Motors (TYO:7211), are in final-stage talks to standardize electronic control units for their upcoming vehicles, autonomous driving, and in-car information systems, the news daily said.Mibe told investors that all projects are being pursued on mutually beneficial terms, even as Honda faces tough questions over its first-ever net loss and significant cuts to its EV strategy at the annual general meeting in Tokyo, according to the report.Nissan didn't immediately respond to MT Newswire's request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Stellantis and Nissan (TYO:7201) are in separate talks to acquire select Marelli assets, including its Italian suspension operations and Japanese cockpit business, as the auto-parts supplier navigates a complex Chapter 11 bankruptcy process, Bloomberg News reported on Friday.The discussions are part of broader efforts to salvage the company, though no final agreements are certain, with both potential buyers and Marelli remaining tight-lipped, the news wire said.Marelli, formed in 2019 via a private equity-backed merger, filed for bankruptcy last year due to declining client sales, tariffs, and lingering supply-chain issues inherited from the pandemic, the publication said.Stellantis and Nissan didn't immediately respond to MT Newswire's request for comment(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Nissan Motor (TYO:7201) shareholders voted in favor of Akiyoshi Koji's appointment as board chairman at the company's 127th ordinary general meeting.Shareholders also backed all director candidates except Motoo Nagai, according to a statement released on Tuesday.Renault, Nissan's top shareholder with a roughly 36% stake, abstained from voting on certain board nominees, including Nagai, over independence concerns given Mizuho Financial Group's (TYO:8411) status as Nissan's largest creditor, Bloomberg News reported.A former Mizuho banker, Nagai played a key role in the 2018 ouster of Carlos Ghosn and was considered influential in executive appointments as the sole director on all three board committees, according to the report.
Nissan (TYO:7201) has stalled all its plans to develop the fully electric version of its Qashqai sport utility vehicle, a top-selling model in Europe, as part of its cost-cutting measures, Channel News Asia reported on Tuesday, citing six sources familiar with the matter.With this, the Japanese carmaker has shelved its 2023 plan to develop the EV version at its Sunderland car plant in Britain amid growing Chinese dominance in the competitive EV car market across Europe.Nissan did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Renault plans to abstain from voting on the reappointment of Nissan Motor (TYO:7201) director Motoo Nagai and board nominee Junichi Shinbo at the Japanese automaker's annual shareholders meeting on Tuesday, Bloomberg News reported, citing people familiar with the matter.The French carmaker, which owns about 36% of Nissan but can exercise only 15% of voting rights under a revised alliance agreement, is concerned about the independence of Nagai and Shinbo because both are former bankers at Mizuho Financial Group (TYO:8411), Nissan's largest lender, the report said.The move highlights Renault's efforts to exert greater influence over governance at Nissan as the Japanese automaker seeks to recover from years of weak performance, according to the report.Renault did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
British officials are negotiating financial support for Nissan (TYO:7201), tied to new model production and job protection at its largest UK plant, Channel News Asia reported on Thursday, citing sources.Assistance may include grants, tax breaks, or subsidies, though amounts remain undisclosed. Amid global restructuring and workforce cuts, the automaker's European future is uncertain, the news outlet said.The Sunderland facility, employing 6,000, faces ongoing doubts over its long-term viability, the report said.Nissan did not reply to' query at press time.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Nissan Motor (TYO:7201) is set to roll out its new Kicks compact SUV in Japan on Thursday, Nikkei Asia reported Wednesday.Akira Sugimoto, corporate executive for Nissan marketing and sales Japan, was quoted in the report as saying that the second-generation model is "an important strategic model" for the growth of the company.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Nissan Motor Co (TYO:7201) aims to cut new model development to 30 months, mirroring Chinese automakers' use of AI for faster launches, Nikkei Asia reported on Friday, citing an interview with President Ivan Espinosa.The next-generation Skyline, debuting this winter, was developed in 26 months, down from 55 for its predecessor, the news agency said.Slow development has previously hurt Nissan's ability to offer popular cars and dampened earnings, the publication said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Nissan (TYO:7201) and Mitsubishi Motors (TYO:7211) intend to launch services by 2030 that would allow electric vehicle owners to sell unused battery power back to the grid, Nikkei Asia reported on Thursday.A Mitsubishi-led vehicle-to-grid pilot involving about a dozen electrified vehicles in the Tokyo area ran through March, the news daily said.Participants in the trial remotely managed battery charging and discharging through an online platform, with compensation tied to electricity market conditions.The report noted that power prices fluctuate significantly throughout the day, creating opportunities for EV owners to earn income by supplying electricity to the grid during periods of higher demand.Broader adoption of vehicle-to-grid services could help reduce the overall cost of EV ownership while supporting power supply stability, according to Nikkei Asia.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Nissan Motor (TYO:7201) and Chery Automobile's (HKG: 9973) Chery International UK have entered into a non-binding memorandum of understanding to explore having Nissan build Chery's passenger cars at the Sunderland facility in the UK under a contract manufacturing arrangement.Under the proposed terms, Nissan would retain full ownership of the plant and employ all staff, with production of Chery vehicles potentially starting on Line One as early as fiscal year 2027, according to a statement on Wednesday.The agreement follows Nissan's May decision to shift all its own manufacturing to Line Two as part of an effort to boost plant utilization.While Nissan AMIEO Chairperson Massimiliano Messina called the move a significant step and pledged to pursue a mutually beneficial outcome, the MoU remains non-binding and both sides are continuing discussions without further public details at this time.
The Tokyo Metropolitan Government has raised purchase subsidies for electric vehicles by up to 300,000 yen to as much as 1.3 million yen, Nikkei Asia reported Wednesday.Both individuals and businesses are eligible for the subsidies, which are capped at 1.3 million yen for EVs and 1.15 million yen for hybrids, with no restriction on the number of vehicles purchased, the news daily said.Under the new system, the base subsidy will double to 200,000 yen, while extra incentives stay the same: 100,000 yen for vehicle-to-home power, 100,000 yen for charging equipment installation, and up to 300,000 yen for using renewable energy or solar power, the report said.The final subsidy also includes a manufacturer-based component of up to 400,000 yen, with Toyota (TYO:7203), Nissan(TYO:7201), and Honda ( TYO:7267), receiving the maximum, while BYD (HKG:1211) gets 100,000 yen and Daihatsu receives nothing, the publication said.Several factors, including sales performance, lineup size, and green transformation efforts, determine how much each automaker qualifies for, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Japan's auto industry will feel the weight of constrained supplies of aluminum and related alloy products due to the Middle East war through 2027, Nikkei Asia reported Wednesday.Aluminum prices skyrocketed following the closure of the Strait of Hormuz and have remained above prewar levels, with benchmark aluminum futures in London priced at more than $3,600 per metric ton, the report said.Iranian strikes on key smelters and input shortages for production facilities have also impacted output, which could lead to a loss of more than 3 million tons from the market in 2026, the report cited Wood Mackenzie senior research manager Uday Patel as saying.Analysts expect the aluminum market to recover only after 2028, the report said.Japan is the most reliant on the Middle East for aluminum and related alloys among the five largest importers of the metal, the report cited 2024 data from the UN Comtrade database as saying.Premiums paid by Japanese companies in addition to the LME spot price for aluminum increased to $350 to $353 per ton for the April to June quarter, from $195 in the past quarter, according to the report.The beverage sector is the largest aluminum consumer in Japan, while small and medium-sized companies in the auto and construction industries are also dependent on Middle East-sourced ones, the report cited a representative of the Japan Aluminum Association as saying.The auto industry has been carrying out efforts to counter the supply constraints, including changing procurement across multiple routes, the report quoted Koji Sato, chairman of the Japan Automobile Manufacturers Association, as saying.Cost pressure is also a main concern for major auto companies, with Mitsubishi Motors (TYO:7211), Toyota Motor (TYO:7203), and Nissan Motor (TYO:7201) all expecting hits in their earnings due to higher material costs, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Japanese shares started the week on a high with the Nikkei 225 breaking records by crossing 65,000 intra-day to close in the green, after oil prices plunged following U.S. President Donald Trump saying discussions with Iran on ending the war are progressing.The Nikkei 225 closed up 1,777.80 points or 2.8% at 65,116.87.In a post on social media platform Truth Social, Trump said negotiations with Iran were "proceeding in an orderly and constructive manner."Investor sentiment was also boosted by the decline in oil prices as the US and Iran are looking to be closer to a peace agreement, leading to optimism over the opening of the Strait of Hormuz for crude oil trade.Crude oil prices dipped below $100 a barrel to about $96 a barrel.On the domestic front, Japan's gold exports surpassed 4 trillion yen for the first time in fiscal 2025, reaching a record 4.08 trillion yen, pushed by rising prices due to heightened global instability, Nikkei Asia reported on Monday.It was also reported that Japan's financial regulator is urging listed companies to use more of their large cash reserves for long-term investments instead of buybacks and dividends, according to a Bloomberg News report on Monday, citing a senior FSA official.On the corporate side, shares of Softbank Group (TYO:9984) closed up over 4% on Monday, after it revealed its plans to issue 260 billion yen in hybrid notes with optional interest payment deferral, mainly targeting individual investors in Japan.Also, Nissan Motor (TYO:7201) shares closed up over 3% even as the company canceled plans to build a factory in Sunderland for producing e-axles, a key EV component, through its subsidiary Jatco, after poor sales of electric models in Europe, according to a Nikkei Asia report on Monday.
Nissan Motor (TYO:7201) has canceled plans to build a factory in Sunderland for producing e-axles, a key EV component, through its subsidiary Jatco, scaling back its investment after poor sales of electric models in Europe, Nikkei Asia reported Monday.The facility, announced in 2025 with an annual capacity of 340,000 units and an initial investment of roughly 9 billion yen, was scrapped about a year later, the news daily said.Nissan currently makes the Leaf EV at Sunderland and plans to produce an electric Juke there starting in 2027, but for now, it will supply e-axles from Japan instead, the publication said.The automaker's European market share fell to 2.2% in 2025 from 3.9% a decade earlier, as Leaf sales plunged 99% to just 87 units and Ariya sales dropped 44%, the report added.Nissan did not reply to MTNewswire's query at press time.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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