Nissan Motor Co

Nissan Motor Shares Fall 3.3% on Loss Expectation: Nissan Motor Co. shares took a dive after the auto maker said it expects a loss of $616 million for the year ending March 31, 1995. The company's forecast, announced after the stock market closed Friday, surprised traders and investors, said Daniel Zbinden, sales manager at Kleinwort Benson International Inc. Nissan had previously said it would break even at the current level, which is before tax and extraordinary items.

On the vast expanse of asphalt outside Dodger Stadium, Nissan Motor Co.'s new electric car made its U.S. debut Friday, zipping quietly through a maze of orange cones on its way to what the Japanese automaker hopes will be the top of the clean transportation class. The Nissan Leaf, a five-seat, zero-emission hatchback, will start filtering into select markets in the U.S., Europe and Japan next year and will go global in 2012 at a price just 1% to 2% higher than similar-size vehicles, the carmaker said.

Nissan Motor Co., an affiliate of French auto maker Renault, today will announce a revival plan that analysts say may include a factory closure and a 20% reduction of its work force. The plan, to be unveiled by Nissan Chief Operating Officer Carlos Ghosn, is an expansion of the No. 2 Japanese auto maker's previous restructuring, announced in 1998. The earlier effort, which called for a $9.

Profit at Japanese automaker Nissan slipped 14% in its fiscal first quarter compared with the same period a year ago as it wrote down the value of its assets to accommodate new Japanese accounting rules. Nissan Motor Co. said Tuesday that group net income for the three months ended June 30 totaled 105.7 billion yen, or $949 million, down from 123.23 billion yen a year earlier. A charge for a new pension plan also eroded Japan's No.

* Nissan Motor Co. said first-half profit fell 17.4% to $2.16 billion even as it sold nearly 6% more vehicles worldwide and 11% more in the U.S. Japan's third-largest automaker said revenue surged 8.2% to $32.33 billion.

* Nissan Motor Co., Japan's third-largest automaker, said workers at a plant in Cuenavaca, Mexico, had gone on strike after rejecting a 3% pay raise offer. Talks between the union and Nissan were scheduled to resume today.

Nissan Motor Co. today is expected to report a return to profit in the first half of the business year as cost cuts and strong demand in the U.S. lead the turnaround at Japan's third-largest auto maker. Group net income should total $1.56 billion for the six months ended Sept. 30. That compares with a loss of $2.9 billion for the same period a year ago.

Nissan Motor Co. said its light truck "Gobi" won the Industrial Design Excellencegold award in the transportation/concept vehicle category from the Industrial DesignersSociety of America. The company said the Gobi is a two-seat vehicle created by Nissan Design International, SanDiego. There are no plans to produce the truck, but elements of it may appear in future vehicles.

* Nissan Motor Co., Japan's third-largest automaker, said workers at a plant in Cuenavaca, Mexico, had gone on strike after rejecting a 3% pay raise offer. Talks between the union and Nissan were scheduled to resume today.

Takashi Ishihara, 91, who as head of Nissan Motor Co. helped turn the Japanese carmaker into a global competitor, died of heart failure Dec. 31 in a Tokyo hospital. Ishihara, president of the company from 1977 to 1985 and chairman for another seven years, helped create the company's first manufacturing plants outside Japan, including those in the U.S. and Great Britain. His efforts helped spur other Japanese manufacturers to develop multinational operations.

* Nissan Motor Co. said first-half profit fell 17.4% to $2.16 billion even as it sold nearly 6% more vehicles worldwide and 11% more in the U.S. Japan's third-largest automaker said revenue surged 8.2% to $32.33 billion.

On the heels of Toyota's announcement that it will spend a record amount to advertise and promote its 2002 Camry, Nissan North America Inc. and Mitsubishi Motor Sales of America Inc. on Thursday launched campaigns for their own mainstream cars: the 2002 Altima and 2002 Lancer, respectively. The U.S. arms of Nissan Motor Co. and Mitsubishi Motors Corp. said they too will spend as much as on any previous launch, if not more.

These should be heady times for the traditional U.S. Big Three auto makers. Coming off a year of record industrywide sales, they are still selling vehicles at a fast enough clip to rack up their third-biggest year in history, even in the face of a prolonged national economic downturn. But as the companies prepare to announce July sales Wednesday--and total up all those loyal Chevy, Ford and Dodge buyers--they still have to contend with folks such as Jeff and Lynn Johnson.

Nissan Motor Co.'s draconian restructuring, which turned Japanese business practices topsy- turvy, received its official validation Thursday as the company posted a $2.7-billion profit for fiscal 2001, the best financial results in its history. It was a stunning reversal of fortune for Japan's No. 2 auto maker--which last year posted a $6.4-billion loss--and was significantly higher than Nissan predicted last October.

A fledgling Japanese automobile company asked a veteran German auto maker to suggest a name for its new car. "We need a name no later than tomorrow," said the Japanese official. "Dat soon?" replied the surprised German. And Nissan's famous Datsun series was born. Such jokes were told everywhere in the 1960s, even on radio and TV, and Nissan Motor Co. USA was delighted. "The jokes were of great help in extending our sales," says Yutaka Katayama, or "Mr. K" as he is known in Datsun circles.

Nissan Motor Co. today is expected to report a return to profit in the first half of the business year as cost cuts and strong demand in the U.S. lead the turnaround at Japan's third-largest auto maker. Group net income should total $1.56 billion for the six months ended Sept. 30. That compares with a loss of $2.9 billion for the same period a year ago.

Nissan Motor Co. confirmed Wednesday that it will build a $900-million assembly plant outside Jackson, Miss., that people familiar with the plans said will employ more than 3,000 workers. Nissan said in a statement that details about its new plant, which will be built in Canton, would be discussed at a news conference in Jackson this morning. The Japanese auto maker said it would make a "significant announcement regarding North American production." No details were available.