August 25, 2000 |
Nissan Motor Co.'s U.S. financial arm agreed to a $68-million out-of-court settlement of a class-action lawsuit by car buyers who complained that the company made them continue paying for vehicles after they had been repossessed. The settlement, approved by a federal judge in San Francisco, will actually cost Nissan about $4 million, a spokesman said. The rest of the settlement represents "uncollectable debts." The settlement covers 16,000 customers whose cars were repossessed by Nissan.
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.
November 9, 2000 |
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.