NSANY - Nissan Motor Co., Ltd.

Other OTC - Other OTC Delayed Price. Currency in USD
11.17
-0.18 (-1.59%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close11.35
Open11.20
Bid0.00 x 0
Ask0.00 x 0
Day's Range11.11 - 11.27
52 Week Range11.11 - 17.39
Volume177,717
Avg. Volume120,459
Market Cap21.809B
Beta (5Y Monthly)1.15
PE Ratio (TTM)3.36
EPS (TTM)3.33
Earnings DateN/A
Forward Dividend & Yield0.36 (3.22%)
Ex-Dividend DateSep 25, 2019
1y Target Est11.22
  • Renault Prepares for New CEO Ahead of Crucial Alliance Meeting
    Bloomberg

    Renault Prepares for New CEO Ahead of Crucial Alliance Meeting

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Renault SA could name a new chief executive officer ahead of a crucial meeting in Japan on Thursday aimed at showing that the deeply-troubled alliance with Nissan Motor Co. and Mitsubishi Motors Corp. is moving past the Carlos Ghosn era.The French carmaker’s board gave the green light for Luca de Meo to become the new CEO, Le Parisien reported Sunday, without saying where it got the information. A spokesman for Renault declined to comment.The Italian, who rose through the ranks at Volkswagen AG to run its Spanish brand SEAT, has been the front-runner for months. The executive, who recently stepped down as chairman of SEAT, is “probably in talks with Renault,” VW CEO Herbert Diess said last week in Davos. Without confirming his name, Renault Chairman Jean-Dominique Senard has said an announcement could come within days.The stakes are high for Renault and its partnership with the two Japanese carmakers. A year after Senard replaced Ghosn -- who was arrested in 2018 in Tokyo on charges of financial misconduct -- the Renault chairman is trying to draw a line under turmoil that nearly broke the two-decade-old alliance. He has said a series of measures will be unveiled at an alliance meeting at the end of the month to deepen operational ties between the manufacturers.The board of the alliance will decide on new and common projects as the partnership is moving toward greater convergence of platforms and technology in the face of the massive investment needed to develop new cars, Senard said earlier this month.Read more: Renault-Nissan Alliance Being Rebuilt After Carlos Ghosn EraGhosn held the partnership together for years despite a lopsided shareholding relationship favoring Renault that was put in place when Nissan was financially ailing. His arrest brought resentment between the companies to the surface. Senard has said changes in top management have eased the tension.The French carmaker owns 43% of Nissan, with full voting rights, while the Japanese company holds only a 15% stake in Renault and lacks the ability to vote. Ghosn has denied the Japanese charges and at the end of last year, fled to Lebanon, where he has mounted a media campaign to clear his name and lob criticism at Renault and Nissan.The companies are facing an industry slump at the same time as they are under pressure to spend heavily on electric cars. Investors don’t yet understand “the enormity of the challenges facing Renault, despite the shares trading at the lowest levels since 2012,” Citigroup’s Angus Tweedie said in a note last week as he downgraded the manufacturer to sell.To contact the reporter on this story: Tara Patel in Paris at tpatel2@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Lars Paulsson, Kasper ViitaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Renault, Nissan chief engineers to meet, revive R&D projects: sources
    Reuters

    Renault, Nissan chief engineers to meet, revive R&D projects: sources

    Renault's engineering boss will meet his counterpart at Nissan in Japan this week, two sources close to Renault said, as the carmakers seek to revive projects crucial to an alliance left reeling by the Carlos Ghosn affair. Analysts say that in order to turn investor sentiment around, the firms need to make good on cost-saving joint engineering projects that have slowed since Ghosn's departure. According to the two sources, Gilles Le Borgne, who was hired on Jan. 6 from rival automaker PSA , will meet Nissan's Tsuyoshi Yamaguchi, the Nissan executive in charge of delivering the joint engineering projects.

  • Broadcom, Amazon, Uber, SoftBank, Bayer: Companies to Watch
    Yahoo Finance

    Broadcom, Amazon, Uber, SoftBank, Bayer: Companies to Watch

    Broadcom, Amazon, Uber, SoftBank and Bayer are the companies to watch

  • Financial Times

    Uber strikes deal with Nissan in electric vehicle push

    Uber and Nissan have signed a deal to help drivers in London switch to fully electric vehicles, as part of the ride-hailing company’s push to make all its journeys in the capital emission-free by 2025. Nissan will make 2,000 of its Sunderland-made electric Leafs available to Uber drivers at below the market rate, at an undisclosed discount, which they can rent or buy outright from approved vendors. Drivers will also be able to use money accumulated from Uber’s “clean air fee,” which charges riders 15p per mile on all London journeys, to help pay for the cars.

  • Benzinga

    Uber Signs Electric Car Deal With Nissan While It Tries To Regain License In London

    Transport for London (TfL), the transportation regulator that suspended Uber’s license in London in November 2019, has released the 62-page document it sent to the ridesharing company at the time. The document, which provides details of why it rejected Uber’s application for a new license in London, says that the company failed to identify drivers’ fraud and ensure passenger safety. Some drivers were able to replace their photos on the Uber app by manipulating the platform’s GPS settings, according to the document.

  • Financial Times

    Will a US trade deal damage Britain’s car industry?

    When Steven Mnuchin told an audience in Davos this week the US could impose tariffs on UK cars in retaliation for a British tech tax, the US treasury secretary revealed the difficult path London would face in securing a post-Brexit trade deal with Washington. in the coming months, UK auto executives insist a transatlantic trade deal will not be the panacea promised by some Brexiters who argue it will offset the pain incurred by leaving the EU. About 18 per cent of the cars made in the UK are sold to the US, compared with 53 per cent to Europe, according to SMMT data from 2018.

  • Uber Offers London Drivers Discounted Nissans After Hiking Fares
    Bloomberg

    Uber Offers London Drivers Discounted Nissans After Hiking Fares

    (Bloomberg) -- A year ago, Uber Technologies Inc. hiked the price of rides in London and placed the surcharges into a fund that would help drivers switch to electric vehicles. On Friday, Uber said drivers would be able to start tapping into that fund in the form of discounts on electric cars made by Nissan Motor Co.The two companies agreed to offer 2,000 Nissan Leaf electric cars to Uber drivers in London as part of the program. The average Uber driver in London would save about 4,500 pounds ($5,900) off the cost of a Leaf through a combination of a manufacturer discount and a rebate from the electric vehicle fund, Uber said. The company declined to provide more details on the offer price.Automakers are hoping environmentally conscious businesses and customers will drive demand for electric cars. The need to boost sales is especially acute for those with operations in the U.K., which includes Japan’s Nissan, amid the uncertainties of Britain’s planned exit from the European Union.Read more: U.K. to Ensure No Brexit Cliff-Edge for Carmakers, Minister SaysThe auto industry suffered a series of setbacks last year as U.K. production slumped and manufacturers idled plants to cope with three Brexit deadlines that came and went. Jaguar Land Rover Automotive Plc said it’s cutting thousands of jobs, Honda Motor Co. is closing its only British factory in 2021, and Nissan scrapped plans to build the X-Trail sports utility vehicle in Sunderland. The Japanese automaker will instead use that facility to make the 2,000 Leafs for Uber.Uber increased the cost of taking a ride in London by 15 pence per mile in January 2019 in order to raise a target of 200 million pounds for the electric vehicle fund. Uber said it raised 80 million pounds in the first year. Drivers must accrue at least 1,000 pounds in contributions to the fund before receiving credits.The company’s future in the city is uncertain after regulators revoked its license to operate there in November. Although Uber can continue to facilitate rides while it appeals the decision, regulators have expressed reservations about the company’s ability to guarantee the safety of passengers. This week, London’s main transportation regulator released a scathing report detailing its concerns about the service.To contact the reporter on this story: Nate Lanxon in London at nlanxon@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Mark Milian, Anne VanderMeyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Old Electric Car Batteries May Help Cut Costs of Storing Power
    Bloomberg

    Old Electric Car Batteries May Help Cut Costs of Storing Power

    (Bloomberg) -- As major players jostle for market share in large-scale power storage, American Electric Power and Nissan Motor Co. are testing new technology that re-uses old electric vehicle batteries to slash costs.The pilot study in Ohio will road test technology that could lower system costs by about a half and extend the life of lithium-ion batteries by about a third, according to its Australian developer.Costs of energy storage systems are falling globally on technology improvements, larger manufacturing volumes, increased competition between suppliers and as the sector adds more expertise, BloombergNEF said in an October report. That’s driving an expansion in investment in projects to store power, with as much as $5 billion worth of deals possible this year for systems paired with renewable energy, according to the forecaster.American Electric’s Ohio study is using expired Nissan Leaf car batteries and is intended to test the innovations at scale after laboratory work in Australia and Japan.Results so far appear promising, Ram Sastry, American Electric’s vice president, innovation and technology, said by phone. “It’s in a facility that we own, but connected to the real grid.” he said.The technology is developed by Melbourne-based Relectrify and uses old, or second-life, vehicle batteries and reduces the number of components needed, the company said Friday in a statement. That can reduce costs for key parts of typical industrial or grid storage systems to about $150 per kilowatt hour, it said.That compares with a current average price for similar technology using new batteries of $289 a kilowatt hour, according to the BloombergNEF 2019 Energy Storage System Costs Survey.Companies like BMW AG and Toyota Motor Corp. are already putting re-used cells to work in applications including renewable energy storage, electric vehicle charging, and to power street lights and homes. About three-quarters of vehicle batteries are eventually likely to be reused, according to London-based researcher Circular Energy Storage.Cheaper energy storage with batteries could provide an alternative to adding more capacity at electricity substations, or building more transformers. It could also be harnessed to provide backup power and bolster reliability for consumers, according to American Electric’s Sastry.“There are many use cases that we have for batteries that are predicated on the cost,” he said. “If the battery goes lower in cost, it can compete with the wires.”Yet even as the price of lithium-ion battery cells has fallen, it’s been difficult to reduce costs of components such inverters. “The inverter is the Achilles heel of energy storage,” said Bradley Smith, president of Covington, Louisiana-based Beauvoir Consulting Services and previously an executive developing second-life battery products at Nissan.Relectrify’s system reduces the need for separate electronics for both the inverter and battery management system, lowering costs, Smith said.The technology can also extend the lifespan of either reused or new batteries by offering more precise management of individual cells, according to Valentin Muenzel, CEO of Relectrify, a 14-person firm launched in 2015 that’s collaborated with companies including Volkswagen AG and International Business Machines Corp.Some potential end users remain wary of re-using lithium-ion batteries over concerns about their longevity and costs of re-purposing cells, according to BNEF’s head of clean power Logan Goldie-Scot.“Many customers are not yet comfortable with second-life batteries even at a steep discount,” he said. Tesla Inc. has in the past suggested it will favor recycling spent packs from vehicles to recover raw materials, rather than seek to re-use the cells first.Relectrify, which is holding talks with battery manufacturers and distributors, sees potential to eventually help improve performance of batteries for the auto sector, in addition to energy storage.“We see stationary storage as the low hanging fruit,” Muenzel said. “We’re already getting demand for use in some mobility applications and we expect that is an area that will continue to grow with time.”To contact the reporter on this story: David Stringer in Melbourne at dstringer3@bloomberg.netTo contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    Renault Is Downgraded to Sell. Citi Says the Car Maker Is Running Out of Cash.

    The bank set a price target of €30 on Renault shares, 23% below the closing price on Wednesday. Shares fell 5.1% on Thursday.

  • French investigators to move ahead with Ghosn prosecution over palace party
    Reuters

    French investigators to move ahead with Ghosn prosecution over palace party

    French prosecutors investigating a party that former Renault-Nissan boss Carlos Ghosn threw for his wife at the sumptuous Versailles palace will in the next few weeks ask judges to examine the case, bringing a prosecution a step closer.

  • Auto Stock Roundup: Ford's $2.2B Pre-Tax Charge, Fiat-Foxconn JV & More
    Zacks

    Auto Stock Roundup: Ford's $2.2B Pre-Tax Charge, Fiat-Foxconn JV & More

    While Ford's (F) Q4 results are likely to be hit by a pre-tax charge of $2.2 billion, Fiat Chrysler (FCAU) teams up with Foxconn to develop EVs in China.

  • Toyota (TM) Recalls 3.4M Vehicles Worldwide Over Airbag Defect
    Zacks

    Toyota (TM) Recalls 3.4M Vehicles Worldwide Over Airbag Defect

    Toyota (TM) to recall 2.9 million U.S. vehicles, which includes Corolla 2011-2019, Matrix 2011-2013, Avalon 2012-2018 and Avalon Hybrid vehicles 2013-2018.

  • Ghosn's right-hand man stands high chance of acquittal in Japan - ex-prosecutor
    Reuters

    Ghosn's right-hand man stands high chance of acquittal in Japan - ex-prosecutor

    A lieutenant to Carlos Ghosn who is facing charges in Japan for underreporting his salary at Nissan Motor Co stands a very high chance of being acquitted, as would Ghosn had he remained in Japan to face trial, a former prosecutor said. Lawyer Nobuo Gohara, a vocal critic of what he describes as Japan's "hostage" justice system, met Ghosn in Japan on a number of occasions late last year before the former Nissan chairman's dramatic escape to Lebanon last month. Both Ghosn and former Nissan director Greg Kelly face charges of financial misconduct over allegedly failing to report more than $109 million in salary, while Ghosn has also been charged with aggravated breach of trust for using company funds for personal purposes.

  • Ghosn's right-hand man stands high chance of acquittal in Japan: ex-prosecutor
    Reuters

    Ghosn's right-hand man stands high chance of acquittal in Japan: ex-prosecutor

    A lieutenant to Carlos Ghosn who is facing charges in Japan for underreporting his salary at Nissan Motor Co stands a very high chance of being acquitted, as would Ghosn had he remained in Japan to face trial, a former prosecutor said. Lawyer Nobuo Gohara, a vocal critic of what he describes as Japan's "hostage" justice system, met Ghosn in Japan on a number of occasions late last year before the former Nissan chairman's dramatic escape to Lebanon last month. Both Ghosn and former Nissan director Greg Kelly face charges of financial misconduct over allegedly failing to report more than $109 million in salary, while Ghosn has also been charged with aggravated breach of trust for using company funds for personal purposes.

  • 2021 Nissan Pathfinder spied with chiseled new look
    Autoblog

    2021 Nissan Pathfinder spied with chiseled new look

    With an introduction for the 2013 model year and only mild updates since, the Nissan Pathfinder is overdue for a new generation. The new Pathfinder's exterior still fits the mold of the old one, with a more aerodynamic, car-like shape as opposed to a traditionally boxy SUV design. The sides feature large, crisp shoulder lines over the wheel arches, seemingly inspired by the new Juke.

  • Moody's

    Nissan Motor Co., Ltd. -- Moody's announces completion of a periodic review of ratings of Nissan Motor Co., Ltd.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Nissan Motor Co., Ltd. Tokyo, January 21, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Nissan Motor Co., Ltd. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Financial Times

    Carlos Ghosn: I am a victim of double standards and disinformation

    Japanese officials, including justice minister Masako Mori, contend that their judicial system is set up to ensure the sound functioning of corporate life, and safeguard the human rights of suspects and the accused.

  • Infiniti delays fastback-like QX55 crossover until late 2020
    Autoblog

    Infiniti delays fastback-like QX55 crossover until late 2020

    Infiniti confirmed it has delayed QX55 production by about five months. It explained it needs to "ensure production capability" at the Aguascalientes, Mexico, facility that will manufacture the model. It didn't provide additional details, though a spokesperson confirmed the new timeline to Automotive News.

  • Financial Times

    What Japan Inc really thinks about Carlos Ghosn, Nissan’s maverick saviour

    The white-feathered bird is regarded in Japan as a symbol of longevity and faithfulness, and formerly featured on the most common banknote, the ¥1,000 bill; tsuru no hitokoe — “the crane’s word” — is a Japanese proverb for a decisive intervention from an authoritarian figure.

  • Nissan (NSANY) Recalls 346K Vehicles Over Takata Airbag Defect
    Zacks

    Nissan (NSANY) Recalls 346K Vehicles Over Takata Airbag Defect

    Nissan (NSANY) recalls 346,000 vehicles across the globe to replace dangerous Takata airbag inflators that can explode and hurl shrapnel.

  • Barrons.com

    Carlos Ghosn’s Travails Are Just Another Reason to Doubt Japan’s Corporate Turnaround

    Carlos Ghosn’s saga could see few foreigners willing to take up positions in Japanese companies, top-level recruitment executives and analysts say.

  • 240Z inspires next Nissan Z styling, packs twin-turbo V6
    Autoblog

    240Z inspires next Nissan Z styling, packs twin-turbo V6

    Nissan is reportedly hard at work on the next-generation of its legendary Z car (although the company won’t explicitly confirm), and we’re hearing it will have a familiar look. On the inside, Nissan is finally going to move the Z into the new age. The 370Z doesn’t even have a modern infotainment system today — where one might expect a screen, Nissan instead has a storage cubby.

  • Ghosn’s lawyer quits after his client fled to Lebanon
    MarketWatch

    Ghosn’s lawyer quits after his client fled to Lebanon

    The lawyer, Junichiro Hironaka, is respected for winning high-profile cases in Japan where the conviction rate is higher than 99%.