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BUSINESS
November 1, 2008 | Ken Bensinger, Bensinger is a Times staff writer.
In tough times, Nissan Motor Co. is hoping less is more. On Friday, the Japanese carmaker said it would begin selling a cut-rate version of its Versa sedan in the U.S. for $9,990 -- more than $1,000 less than the cheapest new car currently sold in America. The frills-free Versa -- which is made in Mexico and will be available starting Nov. 18 -- will come without power windows or air conditioning and will be the only new car available in the U.S. for less than $10,000.
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BUSINESS
August 29, 1992 | From Times Staff and Wire Reports
Nissan, Expecting a Loss, to Cut Work Force: Nissan Motor Corp. announced plans to cut its work force by 4,000 over the next three years and said it expects to lose $161 million this fiscal year. Nissan, Japan's second-largest car maker, said the drop in its sales this year in Japan and abroad was more severe than projected. The job cuts will be made through attrition, limits on new hiring and transfers of workers to subsidiaries and affiliated companies, the company said.
BUSINESS
April 15, 2008 | From the Associated Press
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.
BUSINESS
May 9, 1996
Nissan Recalls 1.1 Million Cars: The recall by Japane's No. 2 auto maker is to repair defective condensers and seat belt devices, the Transport Ministry said. The 1.1 million Nissan Motor Corp. vehicles involved include 70,000 exported to the United States. Takao Onoda, a ministry official, said the recall is Japan's largest. Previously, the biggest recall was 770,000 vehicles by Toyota Motor Corp. in 1970. Nissan had reported six cases of fires from the defective equipment so far in Japan.
CALIFORNIA | LOCAL
August 15, 1990 | CATHERINE GEWERTZ, TIMES STAFF WRITER
An Orange County couple have dropped a novel lawsuit in which they claimed that Nissan Motor Corp. planted an automotive "spy" in their home to study the habits of middle-class Americans, attorneys said. Stephen and Maritza French of Costa Mesa dismissed their lawsuit on July 26 because they did not want to endure the stress of pursuing the litigation, said their lawyer, Nancy Kaufman.
BUSINESS
November 1, 2008 | Ken Bensinger, Bensinger is a Times staff writer.
In tough times, Nissan Motor Co. is hoping less is more. On Friday, the Japanese carmaker said it would begin selling a cut-rate version of its Versa sedan in the U.S. for $9,990 -- more than $1,000 less than the cheapest new car currently sold in America. The frills-free Versa -- which is made in Mexico and will be available starting Nov. 18 -- will come without power windows or air conditioning and will be the only new car available in the U.S. for less than $10,000.
BUSINESS
September 24, 1998 | Reuters
* Gardena-based Nissan Motor Corp. USA, stepping up the auto industry price wars, said it is cutting prices 5% on its 1999 Frontier pickup trucks and Sentra cars. The U.S. unit of Japan's Nissan Motor Co. said the manufacturer's suggested retail price on the average Frontier will be down about $830, or 5.1%, from 1998. The price of the average-equipped Sentra will be down $796, or 5%.
BUSINESS
January 12, 2008 | From Bloomberg News
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.
BUSINESS
November 27, 2007 | From Times Wire Services
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.
BUSINESS
October 20, 2007 | Joni Gray
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.
BUSINESS
February 24, 2007 | From Bloomberg News
Nissan Motor Co. said North American Vice Chairman Jim Morton, who oversaw the relocation of the automaker's U.S. headquarters to Tennessee from California, will retire April 1, leaving the position vacant. Morton, 61, will continue as senior advisor for government affairs on a contract basis, Tokyo-based Nissan said. Scott Becker, Nissan's North American vice president of legal affairs, will take Morton's government affairs responsibilities.
BUSINESS
February 21, 2007 | John O'Dell, Times Staff Writer
In a rare move for a major Japanese automaker in the U.S., Nissan Motor Co. said Tuesday that it was offering a cash buyout to employees as it adjusts the product mix at its two Tennessee manufacturing plants. The company said improved manufacturing efficiencies also led it to offer the plan to cut about 300 of 6,200 jobs at the factories. Analysts cautioned against reading the move as a sign of trouble. "This is no big deal," said Ken Elias, a Scottsdale, Ariz.
BUSINESS
February 3, 2007 | From Bloomberg News
Nissan Motor Co. cut its annual profit forecast to the first decline in seven years and said quarterly earnings fell 23% on higher raw-material costs and a lack of new models. The automaker's net income dropped to 104.4 billion yen ($865 million), or 25.29 yen a share, in its fiscal third quarter that ended Dec. 31. Sales rose 1.8% to 2.34 trillion yen. Nissan, which passed Honda Motor Co.
BUSINESS
November 9, 1990 | From Times Staff and Wire Reports
Nissan Recalls Vans: Nissan Motor Corp. recalled about 33,000 1987-1990 model Nissan Vans because of a potential power steering problem which could result in an engine fire. The company said it was aware of one slight injury stemming from the problem. The company said a power steering hose may deteriorate because of engine heat. Fluid then could leak onto the exhaust manifold, causing a fire. Nissan said it would notify owners and perform repairs for free.
BUSINESS
January 31, 2007 | John O'Dell, Times Staff Writer
Nissan Motor Co. began shipping the 2007 Altima hybrid, the nation's newest gasoline-electric vehicle, to dealerships this week and said Tuesday that prices would begin at $25,015. That's well below competing mid-size hybrids, such as Toyota Motor Corp.'s Camry and Honda Motor Co.'s Accord. But the sticker price represents a $4,000 increase over Nissan's high-volume Altima S model with a conventional four-cylinder gasoline engine.
BUSINESS
December 14, 2006 | From Bloomberg News
Nissan Motor Co., the perennial leader of a benchmark survey of auto-factory efficiency, said North American manufacturing chief Dan Gaudette would retire in April and be replaced by Bill Krueger. Gaudette, 53, has held the job since April 2004 and joined the company in 1980, Nissan said. Krueger, 41, is vice president of manufacturing at its Smyrna, Tenn., plant and came to Nissan last year from Toyota Motor Corp.
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