Tag: Nissan

• Monday, December 23rd 2024 - 22:19 UTC

  Nissan and Honda sign MOU toward merger by 2026

  

  It was more than rumors that Japanese automotive giants Nissan and Honda were eyeing a merger by 2026 which would revolutionize the industry with the appearance of what in Reuters' view would be the third-largest auto group worldwide. The two companies signed a memorandum of understanding whereby discussions about integration via a joint holding company would go on during 2025, it was announced. Earlier this month, Nissan's CEO Makoto Uchida admitted that the company's situation was “severe.”

• Thursday, June 6th 2019 - 08:11 UTC

  Fiat-Chrysler merger with Renault falls through: French politics blamed

  

  Fiat Chrysler said it has abandoned its US$35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker.

• Tuesday, February 19th 2019 - 08:54 UTC

  Honda will shut-down its plant in England by 2022; some 3.500 at stake

  

  Japanese car giant Honda is expected to announce the shutdown of its plant in south west England in 2022, putting 3,500 jobs at risk, media reports said on Monday. The car manufacturer is to announce the closure of its Swindon plant on Tuesday, according to Sky News, but still keep its European headquarters in nearby Bracknell.

• Monday, February 4th 2019 - 08:54 UTC

  Japan's Nissan scrapping plans to make its X-Trail sports utility vehicle in UK

  

  Japanese carmaker Nissan is cancelling plans to make the next model of its X-Trail sports utility vehicle in Britain, less than two months before the country is due to leave the European Union, broadcaster Sky News said on Saturday.

• Monday, November 19th 2018 - 17:30 UTC

  Brazilian born Nissan boss arrested in Japan

  

  Japanese authorities have arrested Carlos Ghosn, chairman of the Nissan Motor Co., Renault SA and Mitsubishi Motors Corp., for allegedly understating his personal income on financial statements thus violating the country's financial law, it was reported Monday.

• Tuesday, April 24th 2018 - 08:31 UTC

  Japanese manufacturers insist on a single market for its UK investments

  

  Britain will not get a Brexit deal better than the current single market, Japan’s ambassador to the UK has said. Koji Tsuruoka, who took up the role just over a fortnight before the referendum in June 2016, said Japanese firms are watching negotiations and will want to continue to be located in the single market after next March.

• Wednesday, April 16th 2014 - 04:42 UTC

  Nissan opens new complex in Brazil to turn out 200.000 cars and engines

  

  Japan Nissan's top executives travelled to Resende, Rio do Janeiro state on Tuesday to inaugurate a complex designed to turn out 200,000 vehicles and engines per year with the goal of capturing 5% of Brazil's new car market by 2016.

• Monday, October 1st 2012 - 09:05 UTC

  Renault reviewing production costs in France and bid decisions in the pipeline

  

  French car maker Renault is considering the complete closure of factories because of the dire state of the European automobile market, the company's chief operating officer was quoted on Sunday.

• Wednesday, March 14th 2012 - 00:07 UTC

  Brazil turns protectionist: wants Mexico to limit car exports to 1.4bn in three years

  

  Brazil's government wants Mexico to impose quotas on its own auto exports to the South American nation to ensure the total value does not exceed 1.4 billion dollars over the next three years, the development, industry and foreign trade ministry said.

• Friday, October 7th 2011 - 05:26 UTC

  Nissan announces 1.4bn factory in Brazil as it moves overseas fleeing Super Yen

  

  Nissan Motor Co CEO Carlos Ghosn said Japan faces a “hollowing out” of its industrial base should the government fail to take steps to counter the Yen’s rise. Ghosn statements could also be interpreted as a subtle message since Brazilian manufacturing faces problems with a too strong Real.