|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.93 - 7.43|
|52 Week Range||6.15 - 17.28|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||2.11|
|Forward Dividend & Yield||0.36 (5.19%)|
|Ex-Dividend Date||Sep 25, 2019|
|1y Target Est||8.94|
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. The ratings were placed on review for further downgrade.
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.
Moody's Investors Service, ("Moody's") downgraded Nissan Canada, Inc.'s (Nissan Canada) backed senior unsecured rating to Baa3 from Baa1 and placed them on review for further downgrade. Today's rating action follows similar action for Nissan Motor Co., Ltd. (Nissan, Baa3, review for downgrade), Nissan Canada's ultimate parent (see separate press release dated 26 March 2020).
Japan's Mitsubishi Corp <8058.T> could potentially invest in Renault <RENA.PA> 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 <7211.T>, 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.
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 ...
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 <7201.T> 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.
US carmakers have reached an agreement with workers to keep North American plants open with some restrictions, even after a second day of shutdowns across Europe that included Britain’s largest car plant, Nissan’s factory in Sunderland. The United Auto Workers said on Tuesday that Ford, General Motors and Fiat Chrysler America had agreed to a “rotating partial shutdown of facilities” as part of a plan to protect production workers from the spread of the coronavirus pandemic. The measure is a step back from the two-week plant closures the UAW initially sought.
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 <PEUP.PA> 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.
Several automakers said U.S. buyers of new vehicles will have the option to defer their payments, and customers with existing car loans could ask for payment rescheduling if impacted by shutdowns due to the spread of coronavirus. Ford is offering six months of payment relief, wherein Ford will cover the first three months of payments, and allow customers to defer payments for another three months after that. Customers can also defer payments for 90 days.
(Bloomberg) -- Three U.S. senators pressed Japan’s government to assure a fair trial for an American citizen being held for alleged financial crimes, saying his case highlights issues that could put the countries’ relationship at risk.In a commentary published by Real Clear Politics, Senators Roger Wicker of Mississippi and Lamar Alexander and Marsha Blackburn from Tennessee criticized the treatment by Japanese authorities of former Nissan Motor Co. director Greg Kelly, who was temporarily jailed in solitary confinement and has been unable to leave the country while awaiting trial.“His predicament is a cautionary tale for Americans thinking about working in Japan, raising serious questions about whether non-Japanese executives can comfortably work in Japan under its legal system,” the three Republicans wrote Tuesday. “If Americans and other non-Japanese executives question their ability to be treated fairly in Japan, then that most important bilateral relationship in the world is at risk.”The senators represent the two states where Nissan has vehicle assembly plants in the U.S. and Tennessee also is home to the Japanese carmaker’s North American headquarters. A representative for the U.S. State Department didn’t immediately respond to a request for comment.Kelly and his family have questioned his ability to get a fair trial in Japan, where he’s been prohibited from leaving since late 2018. Without the testimony of former Nissan Chairman Carlos Ghosn, who fled the country late last year, Kelly fears he may not be able to fully defend himself against prosecutors’ allegations that he violated Japanese financial laws.Tokyo officials have defended Japan’s judicial practices, saying they’re comparable to systems in Europe and the U.S. Japanese prosecutors allege Kelly conspired with Ghosn to hide the former chairman’s deferred compensation, a charge he has denied.Kelly’s trial is not expected to begin until sometime this summer, roughly 18 months after he was charged, his son, Kevin Kelly, wrote in a blog post on Monday. The elder Kelly was released on 70 million yen ($666,000) bail in December 2018, a month after being jailed shortly after arriving in Japan for a Nissan board meeting.Kelly agreed to a $100,000 penalty and five-year suspension from serving as a corporate officer in September as part of a settlement with the U.S. Securities and Exchange Commission, without admitting or denying the agency’s findings. He had been charged with helping fraudulently conceal over $140 million in compensation and retirement benefits on behalf of his former boss.\--With assistance from Bill Faries.To contact the reporter on this story: Chester Dawson in Southfield at firstname.lastname@example.orgTo contact the editor responsible for this story: Craig Trudell at email@example.comFor 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.
Nissan is likely to pull out from a venture capital fund it runs with alliance partners Renault and Mitsubishi Motors, as part of the Japanese automaker's drive to cut costs and conserve cash, two sources said. Nissan will formally take a decision on whether to leave the fund, Alliance Ventures, by the end of this month, the two Nissan insiders told Reuters, declining to be identified because the information has not been made public. The likely move comes after Nissan's junior partner, Mitsubishi Motors Corp, told an alliance meeting last week that it would no longer continue to inject money into the fund, one of the sources said.
Nissan Motor Co is likely to pull out from a venture capital fund it runs with alliance partners Renault SA and Mitsubishi Motors, as part of the Japanese automaker's drive to cut costs and conserve cash, two sources said. Nissan will formally take a decision on whether to leave the fund, Alliance Ventures, by the end of this month, the two Nissan insiders told Reuters, declining to be identified because the information has not been made public. The likely move comes after Nissan's junior partner, Mitsubishi Motors Corp, told an alliance meeting last week that it would no longer continue to inject money into the fund, one of the sources said.
TOKYO/BEIJING (Reuters) - Nissan Motor Co's <7201.T> vehicle sales in China, its biggest market, dropped 80% in February as coronavirus concerns sapped demand, in another blow to the carmaker which is struggling to recover from a profit free fall. Nissan has been betting on growth in China to cushion the impact from its slumping business in the United States and Japan, where car sales fell 27% last month. Nissan has been grappling with falling sales for the past two years and its new executive team could come under increasing pressure to deliver deeper cost cuts in its recovery plan, which is expected in May.
Nissan <7201.T> is pushing on with plans to build its new Qashqai sports utility vehicle at its British factory despite warnings over Brexit, announcing on Friday a 52-million pound investment in a new press line at the site. The Japanese carmaker has said that if Britain's departure from the European Union leads to tariffs, its European business, which also includes a plant in Barcelona, would be unsustainable. It said it would build the new Qashqai at its northern English Sunderland site in 2016 after government reassurances that Brexit would not hit competitiveness, reflecting how far in advance investment decisions are made for a vehicle due around the start of 2021.
EV battery life is uncertain. Their range isn't enough to get people where they need to go. They are too expensive for the average person. This might have been the truth once but it's been a while since these prejudices stopped being valid excuses as electrification is upon the automotive industry. Ford Motor Company (NYSE: F) announced that a third of its vehicles will be electric by 2030.Volkswagen (OTC: VWAGY) plans to sell a million EVs annually by 2022. Half of Volvo's (OTC: VOLVF) portfolio will be electric by 2025. Even General Motors Company (NYSE: GM) has stated back in 2019 that it will produce over 20 EVs by 2023. The flamboyant pioneer Tesla Inc (NASDAQ: TSLA) has indeed paved the way for a zero emissions future as it has entirely disrupted the automotive industry. So, can these traditional automakers catch up to it?Nissan A decade ago, when Nissan (OTC: NSANY) with the Nissan Leaf appeared as the first widely available mainstream electric car, the only drivers genuinely interested in buying one were early adopters with short commutes. After all, it only had about 100 miles of range. But "a decade" later, this model is still one of the best-selling electric vehicles on the market because it is inexpensive and most people find that the range is fine for their daily driving needs.Increasing The Range Advances in battery design and packaging are bringing miles and broadening the mass acceptance of electric vehicles. From city chores all the way to making trips, EVs are about to do it all. Giants like GM are also attempting to upend their SUV and pickup truck business.There is even an electric version of Ford's F-150, the most popular pickup there is. And thanks to innovative companies such as Worksport from Franchise Holdings International (OTC: FNHI) which is bringing solar powered tonneau covers that can even store energy, there will be plenty pickup models to benefit from Worksport's admirable collection of intellectual patents.Franchise Holdings International announced earlier today the company has been awarded its first Canadian Patent by the CIPO (Canadian Intellectual Property Organization). The patent relates to the framework for a technological break through they've named TerraVis which is the solar tonneau cover that is in development to increase the driving range and bring onboard power.GM Pushing Hard - But Is Set To Win In A Different Framework Last month, GM rolled out its third EV in China, following the Buick Velite 6 EV and Baojun E-series with a sporty-looking hatchback. They are all produced by joint-venture partnerships in China. But you can't really see GM's effort unless you are in China, which does remain the largest market for EVs. But despite the fact that GM's progress on EVs looks rather gloomy compared to its ambitious promise in 2019, it hasn't given up on innovating its business long term.The company is rather focused on making a combination of autonomous driving, ridesharing, and EVs as the future of its growth. That's why it invested in Lyft Inc (NASDAQ: LYFT) and why it also bought Cruise. It's about making a self-driving and rideshare EV being called "Origin" as opposed to making a passenger vehicle autonomous. And Cruise and Origin could enable GM to launch a nationwide ride-hailing platform that disrupts the current definition of transportation. In fact, if successful, GM could even skip the story of EV retailing and battle for consumers, and jump in to its new future of transportation! It could go as far as making direct vehicle ownership a thing of the past.Disrupting Transportation Is Not Only On GM's Mind Even Toyota Motor Company (NYSE: TM) is determined to redefine its mission and become a 'mobility company'.We've seen from Big Tech companies that by skipping one disruptive wave to focus on the next can work, and that's why GM may and Toyota could even be in a better position than many investors think. The world's auto giant Toyota is completely open to new collaborations to redefine its company and it has already successfully done so several times and during the hardest times.Automotive Hookups Are Key When in Germany, BMW (OTC: BMWYY) has agreed to work with Jaguar Land Rover on new electric engines as well as formed a new venture with Daimler (OTC: DDAIF) to develop ride-sharing and charging services. Meanwhile, Volkswagen left Germany to go to Ford to develop new vehicles together.Although Fiat Chrysler (NYSE: FCAU) and Renault (OTC: RNLSY) didn't manage to make a deal, Renault is already part of an alliance with Japan's Nissan and Mitsubishi Motors which at least allows the company to share technology and development costs.Tesla Is Undoubtedly The EV Leader, For Now The numbers in the United States look especially grim with Tesla as the single exception as U.S. sales of the Model 3 grew by 14% in 2019. But considering that internationally, governments provide at least $775 billion to $1 trillion annually in subsidies, not including other costs of fossil fuels related to climate change, environmental impacts, military conflicts and spending, and health impacts, things might be looking up for traditional automakers. As the climate pressure increases, so will these incentives which will only further boost their efforts but it seems no one is that strong to go at it alone- so many more hookups are bound to take place.It cannot be argued that Tesla created an EV lifestyle brand. Everyone else is still trying to figure out whether buyers want electric versions of standard designs or something entirely new and futuristic. Traditional automakers are making efforts in the right direction and they know what is coming, but because they were not prepared to give up a huge business in order to chase after the next technology era, they left a huge opening for Tesla- one which Tesla used to the maximum. But no one knows what the future holds and history has only taught us that anything is possible.This article is not a press release and is contributed by Ivana Popovic who is a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. Ivana Popovic does not hold any position in the mentioned companies.Press Releases - If you are looking for full Press release distribution contact: firstname.lastname@example.orgContributors - IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: email@example.comQuestions about this release can be send to firstname.lastname@example.org.Image by Gerd Altmann from PixabaySee more from Benzinga * E-Commerce Growth: The Bright Spot In A Weakened Macroeconomy * 5 Reasons Why Tesla Is Way Ahead Of Traditional Automakers * And The Winner Of The Streaming Wars Is...(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
A prudent move would be to buy beaten-down stocks that are set to gain traction on the back of encouraging fundamentals and solid earnings prospects.
There’s no doubting the prowess of the Nissan GT-R, even several years later. But does the car still hold up as a *current* model for sale?
Japan's deputy justice minister met top officials in Lebanon on Monday over the case of Nissan’s fugitive ex-boss, Carlos Ghosn, who fled to his home country late last year while on bail in Japan and awaiting trial. State Minister of Justice Hiroyuki Yoshiie (pictured above with Lebanese Justice Minister Marie Claude Najm) met President Michel Aoun as well as the Lebanese minister of foreign affairs.