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Carlos Ghosn files $1bn suit in Lebanon against Nissan

Carlos Ghosn filed a $1 billion suit in Lebanon against Nissan, a judicial source told Reuters today, adding that the court session will take place in September.

Business • 20 Jun 23

Nissan and Renault said two models to be made in India would be electric vehicles (EVs), while the others would be sports utility vehicles

Nissan and Renault to make six new models in India

Nissan and Renault said today they would invest $600m to make six new models in India, one of three markets in which the two automakers plan to coordinate closely in a revamped alliance announced last week.

Business • 13 Feb 23

Renault will cut its stake in Nissan as part of a deal rebalancing the rocky alliance between the two companies

Renault to reduce stake in Nissan, rebalancing alliance

French automaker Renault will cut its stake in Japanese partner Nissan as part of a deal rebalancing the rocky alliance between the two companies, the firms said today.

Business • 30 Jan 23

The Japanese automaker has today reported a 45% jump in quarterly profit

Nissan ups profit forecast despite Renault uncertainty

Japan's Nissan has today lifted its full-year profit forecast, buoyed by higher-margin sales and a weaker yen.

Business • 09 Nov 22

Nissan is considering investing in Renault's planned electric vehicle unit

Nissan says talks with Renault focused on EV investment

Nissan's talks with Renault are focused on optimising their investment in electric vehicles and strengthening their competitiveness as equal partners, the Japanese automaker's CEO told Reuters today.

Business • 04 Nov 22

Renault was an early mover in the race to produce electric vehicles

Renault says price hikes help sales grow in Q3

Renault said today its sales rose to €9.8 billion in the third quarter as price increases allowed the French carmaker to more than offset a fall in the number of cars sold from the previous year.

Business • 21 Oct 22

The talks between the two firms could prompt the biggest reset in the alliance since the 2018 arrest of longtime executive Carlos Ghosn

Renault and Nissan confirm talks over alliance future

French carmaker Renault and its partner Nissan said they were in talks about the future of their alliance that include consideration by the Japanese automaker of investing in a new Renault electric-vehicle venture.

Business • 10 Oct 22

Nissan has today warned of a market environment 'more severe than in fiscal year 2021'

Nissan reports first full year net profit in 3 years

Nissan reported a positive full-year net profit for the first time in three years today, citing cost-saving efforts and a stronger US market, but issued cautious forecasts.

Business • 12 May 22

Nissan said that production of Datsun redi-GO will cease in India

Nissan ending production of Datsun brand vehicles

Japanese automaker Nissan is ending production of Datsun brand vehicles, less than a decade after reviving the famed budget car to woo cost-conscious customers in emerging markets, the company said today.

Business • 25 Apr 22

Renault may consider lowering its Nissan shareholding as part of plans to separate its electric vehicle business, reports say

Nissan shares slide on report of Renault stake cut

Shares of Nissan slumped 5% today, their biggest fall in more than a month, following a report that top shareholder Renault may consider lowering its stake in the Japanese automaker.

Business • 25 Apr 22

Carlos Ghosn was chief of Nissan and head of an alliance between Renault, Nissan and Mitsubishi Motors

France issues international arrest warrant for Ghosn

France has issued an international arrest warrant for Carlos Ghosn, the disgraced car tycoon who jumped bail in Japan and fled to Lebanon in a sensational getaway, prosecutors told AFP today.

Business • 22 Apr 22

Nissan has maintained its global annual sales target of 3.8 million vehicles

Nissan raises profit outlook due to cost cuts, weak yen

Nissan Motor has today raised its full-year operating profit forecast by 17% to 210 billion yen ($1.82 billion) as cost cutting helped bolster profitability and the carmaker benefited from a weak yen.

Business • 08 Feb 22

The Renault–Nissan–Mitsubishi alliance plan to invest more than €20 billion over the next five years on EV development

Renault, Nissan, Mitsubishi to unveil EV plan this week

Renault, Nissan and Mitsubishi plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of the plan told Reuters.

Business • 24 Jan 22

Nissan said it will introduce 23 electrified vehicles by 2030

Nissan to spend $17.6 billion in electrification push

Nissan has said it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, aiming to catch up with rivals in one of the fastest growth areas for the automobile industry.

Business • 29 Nov 21

Nissan has today raised its full-year profit forecast to 180 billion yen from 150 billion yen

Nissan posts Q2 profit as sales rebound from Covid drop

Nissan Motor has today raised its full-year operating profit outlook by 20% as sales rebounded from a pandemic slump and tight supplies of vehicles allowed it to lower incentive payments and boost margins.

Business • 09 Nov 21

The US duo allegedly smuggled Carlos Ghosn out of Japan in a music equipment case as he awaited trial

Americans admit helping Nissan chief Ghosn flee Japan

An American father-son duo accused of orchestrating former Nissan chief Carlos Ghosn's audacious escape from Japan admitted their role as they made their first appearance before a Tokyo court.

World • 14 Jun 21

Carlos Ghosn is wanted by Japan on charges of financial misconduct but remains at large in Lebanon, where he fled while on bail

Ghosn must repay Nissan-Mitsubishi €5m in wages

Fugitive car tycoon Carlos Ghosn must repay nearly €5m in wages to Nissan-Mitsubishi, a Dutch court ruled today as it threw out his own claim for damages.

Business • 20 May 21

The Covid pandemic hit Nissan's sales and a global shortage of semiconductors forced the carmaker to cut production

Nissan posts record loss due to Covid, chip shortage

Nissan Motor has today reported a record annual loss as the coronavirus pandemic hit vehicle sales and a global shortage of semiconductors forced the carmaker to cut production.

Business • 11 May 21

Investors will be tuned into any assessment of the future impact of a global chip shortage that has forced a shake-up in car production

Chip shortage in focus for Japanese car makers

While Japan's biggest automakers report what analysts expect to be depressed earnings this week, investors looking for trading cues will be tuned into any assessment of the future impact of a global chip shortage that has forced a shake-up in production.

Business • 10 May 21

A man understood to be former US special forces member Michael Taylor is escorted away on his arrival in Tokyo

US men accused of aiding Ghosn escape arrive in Japan

A US father-son pair accused of helping former Nissan boss Carlos Ghosn in his escape from Japan arrived in Tokyo after losing their battle against extradition, local media said.

World • 02 Mar 21

Nissan not in talks with Apple on self-driving cars

Japanese car maker Nissan said today it is not in talks with Apple to develop self-driving cars, a week after Hyundai also denied reports it was discussing the top-secret project with the US tech giant.

Business • 15 Feb 21

Nissan has cuts its loss forecast for the current financial year by more than a third

Nissan trims loss forecast as car markets rebound

Japanese car maker Nissan has today trimmed its loss forecast for the current financial year by more than a third as the company benefited from a rebound in demand led by China and cost cuts.

Business • 09 Feb 21

Japan's Nissan makes about 30,000 Leaf electric cars at its Sunderland factory

Nissan says to source more UK batteries

Nissan will source more batteries from Britain to avoid tariffs on electric cars after the UK's trade deal with the EU, which a senior executive told Reuters turned Brexit from a risk into an opportunity for its factory in England.

Business • 22 Jan 21

Carlos Ghosn is launching a university business programme in Lebanon

Ghosn offers executive training in troubled Lebanon

Carlos Ghosn, the former Nissan and Renault head who fled Japan where he was facing trial, is launching a university business programme in Lebanon.

Business • 29 Sep 20

French carmaker Renault has reported a record net loss of €7.29 billion in the first half of the year

Renault gets 'wake-up call' with record €7 billion loss

French carmaker Renault said it had been given a wake-up call with a record net loss of €7.29 billion in the first half of the year, inflicted by the Covid-19 crisis and troubles at its alliance partner Nissan.

Business • 30 Jul 20