May 14, 2008 |
Nissan Motor Co. became the latest major Japanese automaker to report booming earnings for the just-ended fiscal year -- and forecast a plunge in profit for the current year, blaming a rising yen and soaring material costs. "There is no way we can overcome these head winds," Chief Executive Carlos Ghosn said Tuesday at Nissan's Tokyo headquarters. Nissan, Japan's third-biggest automaker, expects profit for the fiscal year through March to plunge 30% to 340 billion yen ($3.3 billion)
April 15, 2008 |
Nissan Motor Co. said Monday that it would make a new small car designed by Chrysler and that Chrysler would make a full-size pickup truck designed by Nissan. The agreement is part of a growing relationship between Chrysler and the No. 3 Japanese automaker as they try to adapt to markets buffeted by the economic slowdown and rising gasoline prices. Both products will be sold in North America, and the new Chrysler small car will also be sold in Europe and other global markets starting in 2010.
January 12, 2008 |
Nissan Motor Co., Japan's third-largest automaker, will supply cars for Chrysler to sell in South America and expand the U.S. carmaker's presence outside its home market. The agreement calls for Tokyo-based Nissan to provide Mexican-built versions of the Versa compact car starting in 2009, the companies said in a joint statement Friday. Financial terms and the number of vehicles weren't disclosed.
November 27, 2007 |
Nissan Motor Co. is recalling 686,500 Altima and Sentra passenger cars to fix problems with a sensor that could lead to engine stalling. The Japanese automaker said in a Nov. 16 letter to the National Highway Traffic Safety Administration that the recall affected Altima and Sentra vehicles from the 2002 and 2005-06 model years equipped with a 2.5- liter engine.
October 27, 2007 |
Nissan reported a 27% decline in profit for its fiscal second quarter on one-time expenses and higher taxes. From July to September, profit totaled 120.1 billion yen ($1.05 billion), down from 164 billion yen the previous year. Sales surged 13% to 2.618 trillion yen ($22.9 billion) as sales grew in the U.S., Europe, Russia and China. Nissan sold 941,000 vehicles worldwide, up 6.6% compared with a year earlier.
October 20, 2007 |
Nissan USA found itself in the middle of a media firestorm this week when photos of its much-anticipated 2009 Nissan GT-R (known as the Skyline GT-R in Japan) found their way onto the Internet. It seems that an image of the cover art for the December issue of Motor Trend was inadvertently leaked -- by the magazine's public relations firm. The firm "was trying to promote a headline touting our SUV of the Year in December and placed the entire cover art out on the wire," said Angus MacKenzie, the magazine's editor.