July 27, 2005 |
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.
March 31, 1999 |
French auto maker Renault said Tuesday that it will build Renault-badged cars at new partner Nissan Motor Co.'s underused factory in Aguascalientes, Mexico, to boost its Mexican sales and cut each company's costs. Renault, which said Saturday that it would invest $5.4 billion in Nissan, sees no need to close any of its existing factories, Chief Executive Louis Schweitzer told reporters in New York.
November 7, 2000 |
Flush with the apparent success of its turnaround plan and an anticipated $1.6-billion profit for the first half of its fiscal 2001, Nissan Motor Co. is launching a product-development program that will include a new $1-billion truck plant in the United States. Insiders at Gardena-based Nissan North America Inc. say a formal announcement about the new plant will be made this week.
January 16, 1993 |
In what could be the biggest challenge yet to the lead U.S. auto makers have held with electric car technology, Toyota Motor Corp. and Nissan Motor Co. reportedly will combine efforts to build electric car components. The two companies--Japan's largest auto makers--are already exchanging technical information about batteries and control systems, the Associated Press said Friday, based on a report in the nationally circulated Mainichi newspaper. U.S.
May 1, 2013 |
Nissan Motor Co. is cutting the sticker price on seven of its 18 models in the U.S. Nissan is hoping that the change will help the cars and SUVs show up more prominently on shopper search websites such as AutoTrader, Edmunds and Kelley Blue Book. Some analysts had speculated that Nissan was taking advantage of a weak yen to charge lower prices. The yen has depreciated more than 20% in relation to the U.S. dollar in the last four months. PHOTOS: Kelley Blue Book's top 10 green cars for 2013 But Nissan denies that the changes are related to currency exchange rates.
March 9, 1995 |
For more than three decades, this city was known as "Nissan Town." Its sprawling auto assembly plant was a point of pride, a symbol of Japan's postwar economic miracle. But at the end of this month, Nissan Motor Co., Japan's second-largest auto maker, will close the core section of its facility here--the first such shutdown by a Japanese auto maker since World War II.
August 31, 2001 |
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.
May 18, 2001 |
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.