News | Latest Breaking News Stories & Headlines

Nissan plans to cancel all night shifts at its plant in Oppama and at a production line in Kyushu between June 29 and July 31

Nissan plans more shift cuts at Japan car plants

Nissan plans to cut more shifts at its three assembly plants in Japan due to falling demand, two sources said today, as the car maker struggles to recover from a drop in sales triggered by the coronavirus pandemic.

Business • 19 Jun 20

Nissan has decided to shut its factory in Barcelona where 3,000 people are employed

Nissan reports first annual loss in 11 years

Nissan Motor has today unveiled a plan to become a smaller, more cost-efficient automaker as it looks to recover from four years of tumbling profits that culminated in its first annual loss in 11 years.

Business • 28 May 20

Renault, Nissan and Mitsubishi Motors are each taking a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership

Renault, Nissan deepen cooperation in bid for survival

Renault, Nissan and Mitsubishi Motors said today they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive.

Business • 27 May 20

Renault makes its electric Zoe models and the Micra car for Nissan in its Flins plant in France

Warning that Renault may disappear, Nissan plans cuts

Europe's car industry was put on alert for more job losses today as a French minister warned Renault could disappear if it did not get help soon and a Japanese news report said partner Nissan was considering 20,000 layoffs, with many in Europe.

Business • 22 May 20

Carlos Ghosn said he fled to Lebanon to escape what he called a 'rigged' justice system in Japan

Turkey charges seven people over Ghosn escape

Turkish prosecutors have prepared an indictment charging seven people, including four pilots, over former Nissan boss Carlos Ghosn's escape via Istanbul to Lebanon after fleeing Japan, a lawyer for one of the suspects said today.

Business • 08 May 20

Japan's second biggest car maker said that it expected an annual operating loss of as much as $419.7m

Nissan slashes full-year results forecast

Nissan said today it expected to post its first annual operating loss in 11 years as the Japanese automaker struggles to recover from plunging vehicle sales as the coronavirus pandemic has sapped demand for cars.

Business • 28 Apr 20

Nissan planning to downsize according to sources

Nissan management has become convinced the struggling automaker needs to be much smaller and a restructuring plan due out next month would likely assume a cut of 1 million cars to its annual sales target, senior company sources said.

Business • 10 Apr 20

Renault posted a loss of €141m for the group share of net income for 2019

Renault sets lower profit goal in crunch reboot year

Renault has reported its first loss in a decade and cut its 2020 margin target, as it attempts to draw a line under the Carlos Ghosn affair and reboot its Nissan alliance.

Business • 14 Feb 20

Renault Chairman Jean-Dominique Senard rejects suggestions that its alliance with Nissan might be on the rocks

Renault says 'real desire' to make Nissan alliance work

Renault Chairman Jean-Dominique Senard said there was a "real desire" at the helm of the carmaker's alliance with Nissan to make it a success.

Business • 16 Jan 20

Nissan and Renault have denied a report of a potential break-up that sent their shares skidding to multi-year lows

Renault, Nissan say alliance not headed for break-up

French carmaker Renault and Japanese partner Nissan said their alliance was in no danger of being dissolved, denying a media report of a potential break-up that sent their shares skidding to multi-year lows.

Business • 14 Jan 20

Carlos Ghosn addressed a large crowd of journalists in Lebonan today on his reasons for leaving Japan

Ghosn vows to clear name as he blasts 'collusion'

Fugitive auto tycoon Carlos Ghosn today accused Nissan and Japanese prosecutors of plotting against him, vowing to prove his innocence at his first public appearance since fleeing the country.

Business • 08 Jan 20

Former Nissan boss Carlos Ghosn denies multiple charges of financial misconduct

Ghosn used jets illegally in escape; Turkish operator

Turkish private aircraft operator MNG Jet said its planes were used illegally in the escape from Japan of ex-Nissan boss, Carlos Ghosn.

World • 03 Jan 20

Carlos Ghosn had been under house arrest while preparing for a trial, which had been expected in the spring

Ghosn flies to Lebanon, slams 'rigged' Japanese system

Former Nissan chief Carlos Ghosn, who was awaiting trial in Japan on financial misconduct charges, has flown to Lebanon.

Business • 31 Dec 19

In April Nissan embarked on a wide-ranging turnaround plan to revive sales and boost profits

Nissan in cost-cutting drive as sales and profits fall

Nissan has told its managers to slash non-essential spending as the automaker grapples with slumping car sales and tumbling profits, three company sources with knowledge of the matter said.

Business • 27 Dec 19

Nissan said its profit for the six months to September plunged 73.5% to 65.4 billion yen

Nissan slashes full-year forecast as H1 profit falls

Crisis-hit Japanese automaker Nissan today slashed its full-year sales and profit forecast as it struggles with weak demand in Japan, the US and Europe, as well as the arrest of former boss Carlos Ghosn.

Business • 12 Nov 19

The Renault-Nissan-Mitsubishi alliance became the top-selling carmaker in 2017 with 10.6 million vehicles worldwide

Carmaker tie-ups and break-ups

A look at other major auto tie-up deals - or attempted deals - since the 1990s.

Business • 30 Oct 19

Renault said its third-quarter sales by volume were down 4.4% to 852,198 vehicles

Renault's Q3 revenue weighed down by Nissan

French carmaker Renault's group revenue fell in the third quarter, weighed down by a drop in production at partners Nissan and Daimler as declining demand for diesel engines added to the effects of a slowing global market.

Business • 25 Oct 19

Renault said last night late that sales were likely to drop between 3% and 4% this year

Renault shares slump as profit warning deepens problems

A profit warning sent Renault's shares as much as 15% lower today, capping a turbulent year for the French carmaker since the arrest of long-time boss Carlos Ghosn.

Business • 18 Oct 19

Relations between Renault and Nissan have been strained since Carlos Ghosn's arrest last year on allegations of financial misconduct

Renault ousts CEO Bollore in abrupt shake-up

Renault's board today voted to oust chief executive Thierry Bollore, as the French carmaker and Japanese partner Nissan seek a fresh start after the scandal-hit tenure of former alliance supremo Carlos Ghosn.

Business • 11 Oct 19

Citing three sources, the FT said a disorderly Brexit could prompt the eventual closure of Nissan's Sunderland site

No-deal Brexit may see Nissan review Qashqai plan - FT

Japanese carmaker Nissan will review its decision to build the Qashqai vehicle at its Sunderland plant England if Britain leaves the EU without a deal, the Financial Times reported.

Business • 01 Oct 19

Alfa Romeo registrations plummeted by 60.1% year-on-year in August, new figures show

European car registrations slow down by 8.6% in August

European car registrations dropped 8.6% in August as volume brands Nissan, Renault, Fiat and Volkswagen posted double-digit sales declines, according to industry data published today.

Business • 18 Sep 19

Nissan chief executive Hiroto Saikawa is to resign later this month

Nissan's Saikawa bows to pressure and resigns

Nissan chief executive Hiroto Saikawa will resign on September 16, the car maker said today.

Business • 09 Sep 19

Renault said its half yearly operating profit dropped 13.6% to €1.654 billion

Renault cuts revenue goal after weaker first half

Renault has warned that revenue may decline this year, scrapping a previous goal, after first-half profit was hit by weakening car demand and an earnings collapse at alliance partner Nissan in the wake of the Carlos Ghosn scandal.

Business • 26 Jul 19

Nissan, Japan's second biggest car maker, today posted a 98.5% plunge in first-quarter operating profits

Nissan to axe 12,500 jobs after Q1 profit drops 98.5%

Nissan today unveiled its biggest restructuring plan in a decade, axing nearly a tenth of its workforce and flagging possible plant closures to rein in costs that ballooned when Carlos Ghosn was CEO.

Business • 25 Jul 19

Nissan's profit continues to plunge as the car maker grapples with management upheaval

Nissan to double global job cuts to over 10,000: source

Nissan plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of the matter said today.

Business • 24 Jul 19