|Bid||769.00 x 0|
|Ask||770.20 x 0|
|Day's Range||763.90 - 781.50|
|52 Week Range||763.90 - 1,148.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||4.03|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,065.60|
There is a more than one-in-three chance of a further delay in Nissan’s profit recovery, said the rating agency, which in February lowered the company’s long-term issuer credit rating for the first time in a decade to A- from A. Nissan reduced its full-year earnings forecast after third-quarter profit missed analysts’ estimates, adding to the headwinds for a carmaker struggling with the fallout from the arrest of former chairman Carlos Ghosn. Sales in the U.S. plunged 19% in January amid an industry-wide slump, intensifying the pressure on Chief Executive Officer Hiroto Saikawa as he tries to ease tensions with partner and shareholder Renault SA.
U.S. President Donald Trump on Friday declared that some imported vehicles and parts pose a national security threat but delayed a decision for as long as six months on whether to impose tariffs to allow for more time for trade talks with the European Union and Japan. The unprecedented designation of foreign vehicles imported to the United States from some of its closest allies sparked anger from automakers, dealers and foreign governments after a White House document hinted it would seek voluntary export quotas on autos from U.S. trading partners.
Nissan Motor Co said on Friday that Hiroto Saikawa would stay on as chief executive, backing the protege of former boss Carlos Ghosn even as top shareholder Renault had earlier pushed for a change in the Japanese automaker's leadership. Saikawa's re-appointment is likely to be seen as a rebuff to Renault SA, which has pushed for leadership changes as a prelude to merger talks, sources at both companies have told Reuters. Saikawa - who has long opposed full integration - is seen as an obstacle to a tie-up, several people have said.
Mitsubishi Motors Corp said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia. Masuko will retain his role as chairman of the board, Mitsubishi Motors said in a statement, adding that Masuko and Kato will hold a press conference on May 20 to discuss the changes. Japan's sixth-largest automaker, in which Nissan Motor Co holds a controlling stake, said this month it expects profit to fall to 90.0 billion yen ($821 million) in the year to March as it navigates slowing demand for cars, global trade frictions and the need to develop new technologies.
TOKYO (AP) — Nissan proposed Friday adding Renault's chief executive, Thierry Bollore, to its board, as well as several outsiders, to strengthen its governance following the arrest of its former chairman, Carlos Ghosn.
Nissan has appointed Andrew House, the former head of PlayStation once tipped as a possible chief executive of the entire Sony group, to its board as part of a governance overhaul following the ousting of its former chairman Carlos Ghosn. Mr House, who abruptly left Sony in 2017, will be among seven external directors who will compose the Japanese carmaker’s new 11-member board, which also includes Renault’s chief executive Thierry Bolloré and its chairman Jean-Dominique Senard. The composition of Nissan’s new board had drawn intense scrutiny as a test case of how committed the Japanese company is to reforming its governance structure after Mr Ghosn was arrested last year on charges of financial misconduct.
TOKYO (Reuters) - Japan's Nissan Motor Co said on Friday it would keep Hiroto Saikawa as its chief executive, while bringing in the boss of alliance partner Renault to its board. The moves were widely ...
PARIS (Reuters) - European car sales fell 0.5% in April, the main regional industry group said on Friday, led by sharper monthly declines for Nissan, Ford and Volkswagen. Registrations fell to 1.345 million ...
Nissan's ProPilot driver assist could comfortably control the car with little to no input already, as Autoblog experienced on a road trip last year, but it still required a driver's hand on the wheel. Now the company has announced ProPilot 2.0 will launch first on its Skyline sedan in Japan, which supports hands-off driving within a single lane. Nissan says its next-gen driver assistance system is a world's first, but we've seen similar technology from Cadillac's Super Cruise over the last two years, which also allows for hands-off operation as long as the car doesn't need to change lanes.
that followed the ousting of its former chairman Carlos Ghosn, is expected to retain Nissan’s chief executive Hiroto Saikawa, according to people with knowledge of the plan. Earlier this week, Nissan’s board, which already includes Renault’s new chairman Jean-Dominique Senard, approved the list of directors that were recommended by a provisional nomination committee, the people said.
Nissan Motor Co Ltd said on Thursday it would, for now, stick to self-driving technology which uses radar sensors and cameras, avoiding lidar or light-based sensors because of their high cost and limited capabilities. The Japanese automaker unveiled updated self-driving technology a month after Tesla Inc's Chief Executive Elon Musk called lidar "a fool's errand", berating the technology for being expensive and unnecessary. Nissan, which wants to have its self-driving cars on city streets by 2020, has long shunned lidar, a relatively new technology for automobiles which has recently been the subject of an influx in investment by many of its rivals.
The cash for the Coventry, central England-based Battery Industrialisation Centre adds to an initial investment of 80 million pounds, Clark’s Department for Business, Energy and Industrial Strategy said on Thursday in a statement. The project is part of a broader aim for Britain to build a so-called Gigafactory -- a large-scale battery factory that would cater for car companies that manufacture in Britain, including Jaguar Land Rover Automotive Plc and Nissan Motor Co. Also this year, Nissan scrapped plans to build a new car model in Sunderland, northeast England, while Jaguar Land Rover Automotive Plc has also announced thousands of job cuts.
Shares in Nissan tumbled on Wednesday after the Japanese carmaker warned that its operating profits would fall to their lowest level in more than decade. The stock fell as much as 7.8 per cent in early ...
Nissan Motor Co. on Tuesday reported dismal earnings and gave an even grimmer outlook. Chief Executive Officer Hiroto Saikawa then proceeded to talk about fanciful ideas of improving governance and the company’s transformation and recovery. In his video message last month, Ghosn harped on Nissan’s “value destruction.” It’s hard to dispute him: Returns on equity have dropped to just about 6% from their peak of 16% two years ago.
Shares in the French carmaker, which is part of a global alliance with Japan’s Nissan and has been rocked by the arrest of its one time boss Carlos Ghosn, were down as much as 3.8 per cent by mid-morning in Paris, making Renault the worst performer on the benchmark CAC40 index. On Tuesday, Nissan surprised analysts as it forecast that, for the fiscal year ending in March 2020, its operating profit would fall 28 per cent from a year earlier to ￥230bn ($2.1bn), the lowest level since the company booked a loss for the 2008-2009 fiscal year. “Since 2010, Nissan’s at equity contribution has equated to about €15bn which is about 60 per cent of Renault’s group net income over the same period,” said Arndt Ellinghorst at Evercore.
PARIS (Reuters) - Renault's shares fell sharply on Wednesday, in the wake of a slump in the stock price of its Japanese partner Nissan after Nissan issued a bleak earnings outlook. Renault shares were ...
Japan's Nikkei ended higher in choppy trade on Wednesday, snapping a seven-day losing streak, as expectations that China could roll out fresh stimulus to prop up a slowing economy supported stocks in the region. "The market turned around on hopes that China will launch stimulus measures to tackle the weak economy, but the gains may be short-lived as it was just hopes at this point," said Yutaka Miura, a senior technical analyst at Mizuho Securities.
Janet Lewis of Macquarie Capital Securities says Nissan, and not Fiat Chrysler Automobiles, would be a "better partner" for Renault in the long term. She also says Japanese autos have benefited "at the margin" as a result of Nissan's struggles.