|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.95 - 6.39|
|52 Week Range||5.95 - 17.28|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||1.83|
|Forward Dividend & Yield||0.36 (5.98%)|
|Ex-Dividend Date||Sep 25, 2019|
|1y Target Est||8.94|
Nissan is planning to introduce the next-generation Rogue before the end of 2020, but the Brazilian government appears to have ruined its surprise. Patent images published online by the country's Ministry of Economy give us an excellent look at the company's next crossover several months before we're supposed to see it. The images suggest stylists moved the Rogue -- which is known as the X-Trail in some global markets, including Brazil -- in a brawnier direction.
Moody's Investors Service, ("Moody's") has placed three securities issued by Nissan Master Owner Trust from 2017 to 2019 on review for downgrade. The notes are backed by dealer floorplan loans which are originated by Nissan Motor Acceptance Corporation, which is also the servicer and administrator for the transactions respectively.
Annualized sales were 11.4 million in March, down from 16.8 million in February and down 35% from 17.5 million a year earlier.
NOTE: On April 01, 2020, the press release was corrected as follows: In the fourth paragraph of the REGULATORY DISCLOSURES section, the date of the last Credit Rating Action was changed to 25 February 2020. Mexico, March 27, 2020 -- Moody's de México (Moody's) has today downgraded NR Finance México, S.A. de C.V.'s (NR Finance México) backed long-term global local currency senior unsecured debt rating to Baa3, from Baa1, and its backed long-term Mexican National Scale senior unsecured debt ratings to Aa3.mx, from Aa1.mx.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Banco RCI Brasil S.A. New York, March 31, 2020 -- 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.
Rating Action: Moody's downgrades Toyota, Honda, Nissan and Yamaha; places all ratings on review for downgrade. Global Credit Research- 26 Mar 2020. Tokyo, March 26, 2020-- Moody's Japan K.K. has downgraded ...
Moody's Japan K.K. has affirmed Nidec Corporation's (Nidec) issuer and senior unsecured A3 ratings . At the same time, Moody's has changed Nidec's outlook to negative from stable. More specifically, the weaknesses in Nidec's credit profile, including its exposure to automotive, information technology, appliance as well as industrials sectors have left it vulnerable to shifts in market sentiment in these unprecedented operating conditions, and Nidec remains vulnerable to the outbreak continuing to spread.
Moody's Investors Service, ("Moody's") downgraded Nissan Motor Acceptance Corporation's (NMAC) long-term senior unsecured ratings to Baa3 from Baa1 and the short-term backed commercial paper rating to Prime-3 from Prime-2. All ratings were placed on review for further downgrade.
Japan's Mitsubishi Corp could potentially invest in Renault as part of scenarios being discussed to reinforce an alliance between the French carmaker, Nissan and Mitsubishi Motors, two sources familiar with the matter said. French newspaper Les Echos reported earlier on Thursday, citing an unnamed executive familiar with the discussions and other unnamed sources, that Mitsubishi Corp, a conglomerate with a 20% holding in Mitsubishi Motors , could take a 10% stake in Renault. Renault declined to comment.
Keeping the fire stoked, so to speak, is the 2020 Nissan Altima, which returns with minimal updates after a complete redesign last year. Aside from being a vast improvement inside and out over the generation it replaced (not to mention being better to drive), the 2020 Nissan Altima also has the distinction of offering all-wheel drive, an option that might give it an edge on shoppers' pro/con lists. Only the Subaru Legacy and the recently introduced AWD version of the Toyota Camry offer this feature.
The coronavirus pandemic has caused a sharp drop-off in demand for tires and cars, causing manufacturers across North and South America to furlough workers and implement partial factory shutdowns.Audi, General Motors Company (NYSE: GM), Nissan Motor Co., Ltd. (OTCMKTS:NSANY), Volkswagen AG (OTCMKTS:VWAGY), Toyota Motor Corporation (NYSE: TM), Honda Motor Co., Ltd. (NYSE: HMC), Fiat Chrysler Automobiles N.V. (NYSE: FCAU), Mazda Motor Corporation (OTCMKTS:MZDAY), Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BMWYY) and Ford Motor Company (NYSE: F) have announced plans to suspend production at factories in Mexico and the United States.In Mexico, the plant closures took effect Monday and will extend to March 30 for several companies, with other companies setting tentative reopening dates in mid-April.The Ford Motor Company factory in Hermosillo, Mexico, and Ford's other North American plants will not reopen on March 30, according to a recent release from the company.Ford's Hermosillo plant employs 3,650 workers and assembles Fusions and Lincoln MKZs."We are assessing various options and working with union leaders – including the United Auto Workers and Unifor – on the optimal timing for resuming vehicle production, keeping the well-being of our workforce top of mind," Kumar Galhotra, Ford's president of North America, said in a release. Nissan, which is suspending its manufacturing in Mexico from Wednesday to April 14, noted that no auto factory workers have tested positive for the coronavirus yet."There are currently no cases of the coronavirus in any Nissan installation [in Mexico]," Nissan officials said in a release. "The other areas essential to the company will function with optimal security measures."In addition, Bridgestone Corporation (OTCMKTS:BRDCY), The Goodyear Tire & Rubber Company (NASDAQ: GT) and Cooper Tire & Rubber Company (NYSE: CTB) all recently announced temporary shutdowns of manufacturing facilities in the United States, Mexico and South America.Cooper Tire & Rubber said starting Monday it will temporarily shut down its U.S. and Mexico plants on rolling schedules for the next two to three weeks."Cooper is closely monitoring supply chain and product inventory levels as the company focuses on continuing to serve customers," it said in a release. "Cooper believes it currently has sufficient supply of product and will continue to operate distribution centres until further notice to meet customer needs."In November, Cooper Tire increased its ownership stake to 100% at its tire plant in Guadalajara, Mexico. Cooper Tire had been involved in a venture partnership at the plant with Trabajadores Democráticos de Occidente (TRADOC), which has owned 42% of the plant since 2008.Bridgestone has manufacturing facilities in the cities of León and Cuernavaca, Mexico. The company said in a release the temporary shutdown will be at least until April 12."The company will continue to monitor the situation closely and adjust response plans and activities as necessary," Bridgestone said in a release.See more from Benzinga * Bailout: Airlines vs. Airports * Commentary: The Role Location And People Play In The Supply Chain * Weekly Fuel Report: March 23rd(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Earlier this year, we were able to divulge some details about the next-gen Nissan Z car for you. The big takeaway from a design standpoint was that this vehicle would be going back to its roots. Heritage-inspired design (think 240Z all the way up to the 300ZX) is said to be on full display, and this tidbit of news today suggests Nissan is still on that path.
Following the closure of car factories by Ford, GM, FCA and Honda, another group of automakers is shutting down plants in the face of the COVID-19 coronavirus threat. Toyota, Nissan and Hyundai have all announced they will be closing production facilities temporarily. The number of plants and the length of time closed varies significantly between companies, though.
The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly workers at those facilities, industry officials said. Ford Motor Co, General Motors Co and Fiat Chrysler Automobiles NV confirmed the decisions to shut U.S. plants, as well as factories in Canada and Mexico. The Detroit automakers' shares took a beating on Wednesday, with GM closing 17.3% lower, Ford off 10.2% and Fiat Chrysler shares ending 9.2% lower in New York.
Nissan Motor Co said on Wednesday it would stop producing vehicles in Indonesia, consolidating its global production in the face of falling sales which have pummeled its profitability. The decision to stop production at the West Java plant, which made its struggling Datsun compact cars, was part of a plan for "rightsizing, production optimization and reorganizing of business operations," Japan's No. 2 automaker said in a statement. Nissan has warned that production cuts, which would result in plant closures, would be needed to accelerate cost-cutting and rebuild profits.
Nissan has stopped output at Britain's biggest car factory due to the impact from coronavirus as it assesses supply-chain disruption and the drop in demand, the most significant closure to affect the country's autos sector so far from the outbreak. Vauxhall's Ellesmere Port car factory in northern England is also due to close on Tuesday until March 27 as party of parent company Peugeot's plans to shut sites across the continent to handle the crisis. Nissan's Sunderland factory in north-eastern England made nearly 350,000 out of Britain's 1.3 million cars last year, producing the firm's Qashqai, Juke and LEAF models.