NSANY - Nissan Motor Co., Ltd.

Other OTC - Other OTC Delayed Price. Currency in USD
11.35
-0.06 (-0.53%)
At close: 3:59PM EST
Stock chart is not supported by your current browser
Previous Close11.41
Open11.34
Bid0.00 x 0
Ask0.00 x 0
Day's Range11.26 - 11.38
52 Week Range11.16 - 17.39
Volume205,315
Avg. Volume114,414
Market Cap22.358B
Beta (5Y Monthly)1.15
PE Ratio (TTM)3.41
EPS (TTM)3.33
Earnings DateN/A
Forward Dividend & Yield0.36 (3.20%)
Ex-Dividend DateSep 24, 2019
1y Target Est11.22
  • 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%.

  • Carlos Ghosn's lawyers in Japan quit after client's flight to Lebanon
    Autoblog

    Carlos Ghosn's lawyers in Japan quit after client's flight to Lebanon

    Japanese attorneys representing Carlos Ghosn, including lead lawyer Junichiro Hironaka, quit on Thursday following the former Nissan chief’s flight to Lebanon from Japan, where he had been fighting financial misconduct charges. Hironaka had been representing Ghosn in his defense against financial misconduct charges. A second lawyer in Ghosn’s three-person legal team, Takashi Takano, also quit on Thursday, according to an official at his office.

  • Renault chairman dismisses reports Nissan wants to split from alliance
    Autoblog

    Renault chairman dismisses reports Nissan wants to split from alliance

    Renault Chairman Jean-Dominique Senard said on Thursday there was a "real desire" within the top ranks of both companies for its alliance with Nissan to succeed, dismissing suggestions the partnership was on the rocks. Turmoil within the Franco-Japanese alliance, long dogged by internal rivalries, deepened following the November 2018 arrest in Tokyo of its architect and long-time boss Carlos Ghosn on charges of financial crimes, which he denies. Attempts to restore calm were dealt a fresh blow by Ghosn's dramatic flight from Japanese justice and a series of no-holds-barred allegations he has made from his refuge in Lebanon, including that he was the victim of a plot to oust him and that the alliance is now a "masquerade".

  • Renault, Nissan share 'real desire' to make alliance work: chairman
    Reuters

    Renault, Nissan share 'real desire' to make alliance work: chairman

    Renault Chairman Jean-Dominique Senard said on Thursday there was a "real desire" within the top ranks of both companies for its alliance with Nissan to succeed, dismissing suggestions the partnership was on the rocks. Turmoil within the Franco-Japanese alliance, long dogged by internal rivalries, deepened following the November 2018 arrest in Tokyo of its architect and long-time boss Carlos Ghosn on charges of financial crimes, which he denies. Attempts to restore calm were dealt a fresh blow by Ghosn's dramatic flight from Japanese justice and a series of no-holds-barred allegations he has made from his refuge in Lebanon, including that he was the victim of a plot to oust him and that the alliance is now a "masquerade".

  • Carlos Ghosn's Japanese lawyers quit after former Nissan chief absconds
    Reuters

    Carlos Ghosn's Japanese lawyers quit after former Nissan chief absconds

    Japanese attorneys representing Carlos Ghosn, including lead lawyer Junichiro Hironaka, quit on Thursday following the former Nissan chief's flight to Lebanon from Japan, where he had been fighting financial misconduct charges. In an emailed statement, Hironaka said everyone involved in the case at his practice had resigned. A second lawyer in Ghosn's three-person legal team, Takashi Takano, also quit on Thursday, according to an official at his office.

  • Ex-Nissan boss Carlos Ghosn's lawyer Hironaka resigns
    Reuters Videos

    Ex-Nissan boss Carlos Ghosn's lawyer Hironaka resigns

    Japanese lawyers representing Carlos Ghosn have quit. Lead lawyer Junichiro Hironaka said on Thursday that everyone involved in the case at his practice had resigned. The attorney previously expressed disappointment at his client's decision to abscond, and said he would quit once Ghosn had settled his account. A second lawyer in Ghosn's three-person legal team, also quit on Thursday, according to an official at his office. Former Nissan chief Ghosn fled from Tokyo last month, where he had been fighting financial misconduct charges. He told Reuters on Wednesday that he was treated with "brutality" during his detention and bail in Japan. Japan has issued international wanted notices for Ghosn and his wife, meaning the two will live in Lebanon as fugitives. Also on Thursday, 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 He's seeking to dispel suggestions the partnership might be on the rocks. The Franco-Japanese alliance was thrown into turmoil by Ghosn's 2018 arrest Attempts to restore calm have recently been thwarted by allegations from Ghosn, that he was the victim of a plot to oust him and that the alliance is now a "masquerade".