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Mercedes-Benz sold its Nissan shares at 341.3 yen each, a 5.98% discount to Nissan's close of 363 yen yesterday, sources say

Mercedes-Benz offloads Nissan stake for $325m - source

The pension trust of German automaker Mercedes-Benz has sold its stake in Japan's Nissan Motor for 47.83 billion yen ($324.65m), a source with direct knowledge of the matter said today.

Business • 26 Aug

a worker standing next to a red car in Renault factory

Renault posts first-half loss of €11.2 billion

Renault has today reported a first-half net loss attributable to the group of €11.19 billion today, including a one-off €9.3 billion from writing down its investment in partner Nissan flagged earlier this month.

Business • 31 Jul

The front of the white coloured Nissan car plant in Oppama in Japan

Nissan's Oppama plant will stop production by March 2028

Nissan Motor will stop producing vehicles at its Oppama plant in Japan by March 2028 and transfer operations to its factory in the southern prefecture of Fukuoka as part of a global restructuring plan to cut capacity, it said today.

Business • 15 Jul

Nissan, Japan's third-biggest car maker, unveiled sweeping new cost cuts last week

Nissan mulls plant closures in Japan, overseas - sources

Nissan is considering plans to shut two car assembly plants in Japan and overseas factories, including in Mexico, sources said over the weekend, as part of a cost-cutting plan the company flagged earlier this week.

Business • 19 May

Nissan said its operating profit totalled 69.8 billion yen ($472m) in the 12 months to March, a decline of 88% from the previous year

Nissan cut plants, workers as new CEO takes axe to costs

Nissan Motor has today unveiled sweeping new cost cuts, saying it would eliminate 11,000 more jobs and close seven plants, capping a tumultuous year that has left the Japanese car maker fighting to turn itself around.

Business • 13 May

Nissan, Japan's third-biggest car maker, is striving to make its business leaner and more resilient after weak sales in China and its biggest market the US

Nissan to cut over 10,000 more jobs - reports

Nissan Motor will cut more than 10,000 jobs globally, bringing the number of layoffs, including those previously announced, to about 20,000 or 15% of its workforce, Japan's public broadcaster NHK reported today.

Business • 12 May

Makoto Uchida, the Nissan CEO who is stepping down

Nissan picks chief planning officer as new CEO

Nissan has today named Ivan Espinosa its next chief executive, tapping the two-decade company veteran with deep product experience to revive a once-storied brand now tarnished by years of scandal, management turmoil and faltering sales.

Business • 11 Mar

A high-level Japanese group has drawn up plans for Tesla to invest in Nissan after the collapse of its merger talks with Honda, reports suggest today

Japan to court Tesla on Nissan investment, FT reports

A high-level Japanese group, which includes a former prime minister, has drawn up plans for Elon Musk's Tesla to invest in Nissan following the collapse of its merger talks with Honda Motor, the Financial Times reported today.

Business • 21 Feb

A merger between Nissan and Honda would have created a car group worth $60 billion and the world's fourth-biggest by vehicle sales after Toyota, Volkswagen and Hyundai

Nissan and Honda formally end $60 billion merger talks

Japan's Nissan and Honda said today that their boards had voted to end talks to merge but would continue to cooperate in electric vehicles.

Business • 13 Feb

Japan's Nissan and Honda in December signed a memorandum of understanding to discuss an integration under a holding company to create the world's third biggest car maker

Nissan CEO wants to scrap Honda merger talks, source says

Nissan chief executive Makoto Uchida met with his Honda counterpart Toshihiro Mibe today to say he wanted to end their merger talks after the larger automaker proposed making Nissan a subsidiary, said a source with knowledge of the matter.

Business • 06 Feb

The Japanese automakers said on Monday they had agreed to begin formal talks on a merger.

Big benefits expected from Honda, Nissan merger

Honda and Nissan expect big benefits from their potential merger to create the world's third-largest auto group but intense competition from China raises questions about whether they can make it work in time.

Business • 24 Dec 24

Makoto Uchida (L), president and CEO of Nissan with Toshihiro Mibe, director, president and representative executive officer of Honda pictured in August

Honda, Nissan aim to merge by 2026 in historic pivot

Honda and Nissan have started talks toward a potential merger, a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers now pose to some of the world's best known car makers.

Business • 23 Dec 24

Honda, Nissan move to deepen ties, sources say

Honda and Nissan are in talks to deepen ties, two people said today, including a possible merger, in the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.

Business • 18 Dec 24

Nissan has cut its annual outlook for the second time in a row this year, as it continues to battle headwinds in major markets such as China

Nissan plans 9,000 job cuts, slashes profit outlook

Japan's Nissan has today announced various cost saving measures including 9,000 job cuts and slashed its annual outlook for the second time in a row this year, as it continues to battle headwinds in major markets such as China.

Business • 07 Nov 24

Nissan has today reported its worst quarterly performance in more than three years

Nissan sees Q1 profit wiped out by US discounts

Nissan Motor saw its first-quarter profit almost completely wiped out today and slashed its annual outlook, as deep discounting in the US shredded the Japanese automaker's margins.

Business • 25 Jul 24

Nissan has forecast global retail sales this financial year at 3.7 million vehicles, up 7.5% from the 3.4 million sold last fiscal year

Nissan upbeat on annual profit despite challenges

Japan's Nissan Motor said it expects to beat analyst estimates with a 5.5% rise in operating profit this fiscal year on higher global sales, while warning that intense competition and challenges from inflation would continue.

Business • 09 May 24

Nissan said its vehicle sales would total 3.44 million vehicles for the year, lowering its estimates again

Nissan cuts operating profit estimate on lower sales

Nissan Motor slashed its annual operating profit estimate by 14.5% today, citing lower-than-expected vehicle sales and other factors.

Business • 19 Apr 24

Renault sold a 5% stake in Nissan back to the Japanese company in December

Renault to sell Nissan stake of about 2.5%

Renault plans to sell a stake of about 2.5% in Nissan shares to the Japanese car maker in a deal that could result generate up to €362m, the French firm said today.

Business • 27 Mar 24

Nissan is Japan's third-largest automaker by sale

Nissan targets one million vehicle sales growth

Nissan Motor said today it would launch 30 new models by the financial year ending in March 2027 and aim to raise its global sales by 1 million vehicles while cutting costs to improve profitability.

Business • 25 Mar 24

Nissan Motor shares sank 12% today - their biggest decline in more than two decades

Nissan shares see biggest plunge in two decades

Shares in Nissan Motor tumbled 12% today, their biggest decline in more than two decades, after quarterly earnings undershot expectations by a large margin and it cut estimates for car sales due to stiff competition in China.

Business • 09 Feb 24

Renault said that between now and 2027, it aims to cut its production costs per vehicle by 30% for internal combustion vehicles, and by 50% for EVs

Renault plans to cut its vehicle production costs

French carmaker Renault has today announced plans to cut its production costs per vehicle, and also said it would make four new models at its Bursa site in Turkey.

Business • 07 Dec 23

Nissan has made its electric Leaf model in Sunderland for years and will continue to do so

Nissan to invest £1.2bn to build two new EV cars in UK

Nissan said today it will invest £1.12 billion to build electric versions of two popular crossover models at its UK plant in a fresh boost for Britain's auto industry amid the switch to electric vehicles.

Business • 24 Nov 23

China, the world's second-largest economy, has lost some of its post-pandemic bounce

Major global firms warn of slow China sales

Global firms, including food company Kerry, consumer goods giant Unilever, car maker Nissan and machinery maker Caterpillar, have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce.

Business • 02 Aug 23

Renault today recorded net income of €2.12 billion after posting a €1.68 billion loss in the first half of 2022

Renault returns to net profit in first half of 2023

French car maker Renault has today posted an operating margin of 7.6% for the first half year, its highest ever and already close to its 2025 target, helped by higher prices for new cars and by cost reductions.

Business • 27 Jul 23

Nissan has had to weather rocky relations with its French alliance partner Renault

Nissan Q1 net profit more than doubles on weaker yen

Nissan said today that its net profit more than doubled in the three months to June, as a weaker yen and improving sales in Japan and North America offset declines in China.

Business • 26 Jul 23