|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||16.60 - 16.89|
|52 Week Range||15.28 - 21.26|
|Beta (3Y Monthly)||0.59|
|PE Ratio (TTM)||5.01|
|Forward Dividend & Yield||1.00 (6.09%)|
|1y Target Est||16.85|
Nissan is about to paint another mechanical picture using the Titan full-sized pickup as a canvas. This one has been designed to serve the National Parks Foundation (NPF), the official charity of the National Park Service. This is another way Nissan's highlighting U.S. parks this year.
To further celebrate the 50th anniversary of the Z sports car, the 2020 Nissan 370Z got a 50th Anniversary Edition model featuring a two-tone color scheme evoking BRE race cars of the early 1970s. Specifically, you'll pay $37,315, an extra $2,600 on top of the 370Z Sport's unchanged base price of $34,715. The rest of the Nissan 370Z line has the same prices as last year.
Global stocks edge higher, following last night's record closes on Wall Street, as investors regroup for another wave of earnings on Wall Street. Global oil prices ease after the IEA says markets have "comfortable" spare capacity to fill any supply gap from Iran sanctions, with Energy Department data on U.S. stockpiles reporting later today. U.S. equity futures suggest modest declines on Wall Street ahead of earnings from Dow components Boeing, AT&T, Caterpillar and Visa, with Microsoft, Facebook and Tesla following after the close of trading later today.
With Nissan bringing less profits into the venture, it may be harder for the Japanese automaker to rebuff calls for a full merger or closer integration. “It’s negative,” said Tatsuo Yoshida, an analyst at Sawakami Asset Management Inc. “Nissan’s profits were inflated in the past few years. Nissan shares fell 4 percent in Tokyo on Wednesday, their biggest decline this year.
TOKYO (AP) — Nissan cut its profit forecast for the fiscal year through March on Wednesday to reflect slowing sales, higher costs and the fallout from a criminal investigation of its former chairman, Carlos Ghosn.
Nissan Motor Co slashed its full-year profit forecast to its lowest in nearly a decade due to weakness in the United States, just as it adjusts to life without Carlos Ghosn and charts its future with alliance partner Renault SA. The Japanese automaker expects operating profit for the year ended March to drop 45 percent versus a year earlier to 318 billion yen ($2.84 billion), from a previous forecast for 450 billion yen, on expenses related to extending vehicle warranties in the United States, its biggest market. In a statement on Wednesday, Nissan said sales had taken a hit in the aftermath of the arrest of former Chairman Ghosn, contributing to a decline in profit to its lowest since the year ended March 2010.
Japan's Nikkei edged lower in choppy trade on Wednesday as investors stayed cautious before earnings results, but it remained around a 4-1/2-month high as sentiment was supported by a rally in U.S. stocks. Nissan Motor Co tumbled 4 percent after TV Tokyo reported on late Tuesday that it would announce a large cut to its earnings outlook for the fiscal year that ended in March due to weak sales in North America and China. After the market close, Nissan cut its earnings outlook and now expects a net profit of 390 billion yen, compared to previously forecast 410 billion yen.
Nissan has issued its second profit warning this year as the embattled carmaker grapples with weak sales in the US and the fallout from the ousting of its former boss Carlos Ghosn. For the fiscal year that ended in March, the company said it is now likely to book a net profit of ¥319 bn ($2.8bn), down from ¥410bn it projected in mid-February when it warned that it was on course to record its lowest profit in six years. Shares in Nissan, which is scheduled to announce its full-year results on May 14, fell 4 per cent on Wednesday following media reports of the downgrade.
Japan's Nikkei was flat in choppy trade on Wednesday as investors stayed cautious before earnings results, but it remained around a 4-1/2-month high as sentiment was supported by a rally in U.S. stocks. Nissan Motor Co tumbled as much as 2.9 percent to 915.2 yen, the lowest since March 29, after TV Tokyo reported that it will announce a large cut to its earnings outlook for the fiscal year that ended in March due to weak sales in North America and China. A Nissan spokesman declined to comment when contacted by Reuters.
TOKYO (Reuters) - Nissan Motor Co will announce on Wednesday a large-scale cut to its earnings outlook for the fiscal year that ended in March, TV Tokyo reported, adding to the company's woes as it grapples ...
French President Emmanuel Macron and Japan's Prime Minister Shinzo Abe on Tuesday discussed the future of the Renault-Nissan alliance and the investigation in Tokyo into alleged financial misconduct by its former boss Carlos Ghosn, Macron's office said. "This industrial partnership has shown its resilience," a French presidency official said in a statement. The official said France respected Japan's judicial system and that France was closely watching to see that Ghosn's rights were respected.
Japan's Nissan Motor Co on Tuesday said the executive responsible for its Nissan, Datsun and Infiniti brands was leaving, as it announced a management reshuffle to strengthen governance following the ouster of former boss Carlos Ghosn. Nissan said Daniele Schillaci, an executive vice- president who had been responsible for the three brands and for all operations in the Japan, Asia and Oceania regions, had chosen to leave the company to pursue an opportunity closer to his native home in Europe. Nissan also said it had named executive Yasuhiro Yamauchi as chief operating officer to strengthen daily operations.
Ghosn allegedly used foreign corporate entities in 2017 and 2018 to funnel the money into accounts that he controlled, Japanese prosecutors said Monday. The allegations are the first to suggest that the former chairman — who also once led the alliance between Nissan, Renault SA and Mitsubishi Motors Corp. — transferred money from Nissan for his own gain. After Ghosn’s first arrest in November, Nissan and Renault uncovered payments made through companies in Oman and Lebanon that allegedly were used for Ghosn’s personal benefit, including a yacht and his son’s startup.
Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and will call for an equal capital relationship, the Nikkei newspaper said on Monday, citing sources. Nissan's management feels the Japanese company has not been treated as an equal of Renault under existing capital ties, and a merger would make this inequality permanent, the Nikkei said. The outlook for the alliance - one of the world's top automaking partnerships - has been in focus since the arrest in November of its main architect, Carlos Ghosn, for financial misconduct.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Banco RCI BRASIL S.A. New York, April 22, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Banco RCI BRASIL S.A. 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.
Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and will call for an equal capital relationship, the Nikkei newspaper said on Monday, citing sources. Nissan's management feels the Japanese company has not been treated as an equal of Renault under existing capital ties, and a merger would make this inequality permanent, the Nikkei said https://s.nikkei.com/2veityL. The outlook for the alliance - one of the world's top automaking partnerships - has been in focus since the arrest in November of its main architect, Carlos Ghosn, for financial misconduct.
Japanese prosecutors indicted Carlos Ghosn on Monday on another charge of aggravated breach of trust, a Tokyo court said, the fourth charge against the former Nissan Motor Co Ltd chairman, which his lawyers met immediately with a bail request. The charge came on the day Ghosn's latest detention period was set to expire. Ghosn had been out on bail when authorities arrested him for a fourth time on April 4 on suspicion he enriched himself at a cost of $5 million (£3.8 million) to the automaker.
TOKYO (AP) — Japanese prosecutors said Monday they have indicted Nissan's former chairman Carlos Ghosn on fresh breach of trust charges that expand their allegations of financial misconduct outside Japan.
TOKYO (AP) — The Latest on the Nissan Motor Co.'s former chairman, Carlos Ghosn, who is facing financial misconduct charges (all times local):
Carlos Ghosn was indicted on a fresh charge on Monday as prosecutors accused the former Nissan chairman of making personal gains by diverting $5m from the Japanese carmaker. The former Nissan and Renault boss, who has maintained his innocence, has already been charged with falsifying his pay and for abusing his position in order to transfer unrealised trading losses to the Japanese group. Mr Ghosn’s spokesperson said on Monday that he “is innocent of the latest charges brought against him by the Tokyo prosecutors” and that he will “continue to vigorously defend himself against these baseless accusations”.
Some of the top-selling car brands in the United States are Japanese — Toyota, Honda, and Nissan especially. But the reverse isn't true – General Motors, Ford, and Fiat Chrysler combined make up only 0.3% of the Japanese auto market. With strict regulations, strong local manufacturing, and a particularly Japanese way of retailing cars, the country will likely continue to be a difficult place for American automakers.