Latest news with #Infiniti
Japan Today
12 hours ago
- Automotive
- Japan Today
Nissan racks up red ink, but the Japanese automaker promises a return to profit later this year
By Yuri Kageyama Japanese automaker Nissan Motor Corp sank into a 115.8 billion yen ($782 million) loss for April-June, but promised Wednesday to return to profitability later this year. Nissan did not give a full year net profit forecast. It recorded a 28.6 billion yen profit during the April-June quarter last year. Quarterly sales for the current fiscal year slipped nearly 10% to 2.7 trillion yen ($18 billion). The maker of the Leaf electric car and Infiniti luxury models said the results were better than expected. But it faces 'headwinds,' including declining sales, unfavorable exchange rates and President Donald Trump's tariffs. Ivan Espinosa, who took the helm at Nissan in April replacing Makoto Uchida, said the company's recovery plan remained urgent. Uchida stepped down to take responsibility for the dismal fiscal results. Espinosa noted the initial steps of the company's revival plan were kicking in, including cutting costs, realigning products, reshaping a market strategy and strengthening partnerships. 'We must now go further and faster to achieve profitability. Everyone at Nissan is united in delivering a recovery that will ensure a sustainable and profitable future,' he said. Nissan, based in the port city of Yokohama, has been struggling but is promising a turnaround under Espinosa, a Mexican with two decades of experience at Nissan. The company said some of its models, such as the N7 in China and the Magnite in Mexico, have been selling well recently. Nissan recently ditched talks with Japanese rival Honda Motor Co. to set up a joint holding company. They said they will continue to cooperate on technology development. Nissan is closing its flagship factory in Opama, Kanagawa Prefecture, by the end of the 2027 fiscal year, moving production there to another plant in southwestern Japan. Nissan is also slashing 15% of its global work force, or about 20,000 employees. That includes a 9,000 head count reduction announced late last year. © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Top Gear
20 hours ago
- Automotive
- Top Gear
Genesis GV70 Electrified Review 2025
As you'll probably know by now, Genesis is the posh branch of Hyundai-Kia that has been going its own way since 2015, although it's only been in the UK since mid-2021. Think of it as what Lexus is to Toyota or what Infiniti is (or was, in Europe's case) to Nissan. Genesis won't thank us for that last comparison, though. Things didn't exactly work out well for Infiniti in the UK – who'd have thought we wouldn't fancy a £100,000, V8-engined Sebastian Vettel edition SUV? Advertisement - Page continues below Advertisement - Page continues below What's behind the big grille? At its launch, you had the choice of a 2.2-litre diesel and a 2.5-litre turbocharged petrol. Both engines were four cylinders, both were paired with eight-speed automatic gearboxes and both came with all-wheel drive as standard. And now both are gone. You can still buy a GV70 with an internal combustion engine, but only from stock. And it'll be a pre-facelift version, as Genesis is killing all ICE-only models in the UK. So if that's what you're after… you'll need to be quick. So it's the GV70 Electrified only now, fitted with an updated powertrain as part of the facelift. It has the same 483bhp dual motor as before, only it's now mated to a bigger 84kWh battery. Genesis claims 0-62mph in just 4.4 seconds (in Boost mode anyway – more on that on the Driving tab) and a top speed of 146mph, plus a slightly increased 298 miles of WLTP range. What's more, it also now gets virtual gear shift technology technology (as seen in the Genesis GV60, Hyundai Ioniq 5 N and Kia EV6 GT) which is designed to mimic a conventional gearbox both in terms of feel and sound. Quite why you'd want that in a *checks notes* luxury SUV is anyone's guess. It supports ultra fast 350kW charging too, meaning 10–80 per cent is possible in 19 minutes if you can find a plug capable of those speeds, as well as V2L (vehicle to load) capability, so you can power anything from a laptop to a toaster. You know, if you happen to have one in the boot. Doesn't come cheap, presumably? For as long as stocks last, prices start from £48,995 for the pre-update petrol and £52,645 for the diesel. In the here and now, you're actually looking at a rather hefty £65,915 for the Electrified. Check out the Buying tab of this review for more detail. Our choice from the range GENESIS 360kW Pure 84kWh 5dr Auto AWD £65,850 See prices and specs What's the verdict? ' It's a shame that there isn't a cheaper, single-motor version ' When the GV70 was first released, it didn't quite match the refinement of its rivals, largely down to the powertrains. But the Electrified variant undoubtedly addresses these flaws, and goes hand in hand with the calm and relaxed driving experience Genesis is trying to offer. It's a shame there isn't a cheaper, single-motor version though, with the near £66k starting price a tough sell up against more talented stuff like the TG award-winning Porsche Macan Electric. Still, if you can get on board with the GV70's price and outside looks, you'll be even happier once you get up in the leather- and tech-filled interior. As you'd expect from the Hyundai-Kia group these days, it feels well put together and is generally easy to get on with.
21 hours ago
- Automotive
Nissan racks up red ink, but the Japanese automaker promises a return to profit later this year
TOKYO -- Japanese automaker Nissan sank into a 115.8 billion yen ($782 million) loss for April-June, but promised Wednesday to return to profitability later this year. Nissan Motor Corp. did not give a full year net profit forecast. It recorded a 28.6 billion yen profit during the April-June quarter last year. Quarterly sales for the current fiscal year slipped nearly 10% to 2.7 trillion yen ($18 billion). The maker of the Leaf electric car and Infiniti luxury models said the results were better than expected. But it faces 'headwinds,' including declining sales, unfavorable exchange rates and President Donald Trump's tariffs. Ivan Espinosa, who took the helm at Nissan in April replacing Makoto Uchida, said the company's recovery plan remained urgent. Uchida stepped down to take responsibility for the dismal fiscal results. Espinosa noted the initial steps of the company's revival plan were kicking in, including cutting costs, realigning products, reshaping a market strategy and strengthening partnerships. 'We must now go further and faster to achieve profitability. Everyone at Nissan is united in delivering a recovery that will ensure a sustainable and profitable future,' he said. Nissan, based in the port city of Yokohama, has been struggling but is promising a turnaround under Espinosa, a Mexican with two decades of experience at Nissan. The company said some of its models, such as the N7 in China and the Magnite in Mexico, have been selling well recently. Nissan recently ditched talks with Japanese rival Honda Motor Co. to set up a joint holding company. They said they will continue to cooperate on technology development. Nissan is closing its flagship factory in Oppama, Japan, outside Tokyo, by the end of the 2027 fiscal year, moving production there to another plant in southwestern Japan. Nissan is also slashing 15% of its global work force, or about 20,000 employees. That includes a 9,000 head count reduction announced late last year.
Mint
a day ago
- Automotive
- Mint
Nissan racks up red ink, but Japanese automaker promises return to profit later this year
Tokyo, Japanese automaker Nissan sank into a 115.8 billion yen loss for April-June, but promised Wednesday to return to profitability later this year. Nissan Motor Corp. did not give a full-year net profit forecast. It recorded a 28.6 billion yen profit during the April-June quarter last year. Quarterly sales for the current fiscal year slipped nearly 10 per cent to 2.7 trillion yen . The maker of the Leaf electric car and Infiniti luxury models said the results were better than expected. But it faces 'headwinds,' including declining sales, unfavourable exchange rates and President Donald Trump's tariffs. Ivan Espinosa, who took the helm at Nissan in April, replacing Makoto Uchida, said the company's recovery plan remained urgent. Uchida stepped down to take responsibility for the dismal fiscal results. Espinosa noted the initial steps of the company's revival plan were kicking in, including cutting costs, realigning products, reshaping a market strategy and strengthening partnerships. 'We must now go further and faster to achieve profitability. Everyone at Nissan is united in delivering a recovery that will ensure a sustainable and profitable future,' he said. Nissan, based in the port city of Yokohama, has been struggling but is promising a turnaround under Espinosa, a Mexican with two decades of experience at Nissan. The company said some of its models, such as the N7 in China and the Magnite in Mexico, have been selling well recently. Nissan recently ditched talks with Japanese rival Honda Motor Co. to set up a joint holding company. They said they will continue to cooperate on technology development. Nissan is closing its flagship factory in Oppama, Japan, outside Tokyo, by the end of the 2027 fiscal year, moving production there to another plant in southwestern Japan. Nissan is also slashing 15 per cent of its global workforce, or about 20,000 employees. That includes a 9,000 headcount reduction announced late last year. SKS GRS GRS This article was generated from an automated news agency feed without modifications to text.
Yahoo
4 days ago
- Automotive
- Yahoo
I'm a Car Expert: 5 Luxury Sedans That Are Still Not Worth Your Money 10 Years Later
When you buy a luxury car, you expect modern features, sleek design and a driving experience that justifies the price tag. However, not all luxury sedans deliver on that promise. Some models look attractive on the outside but haven't improved in years. 'If you're paying top dollar, you want something that's going to be modern and state-of-the-art, not a shiny badge with 10-year-old tech,' explained Alex Black, car expert and chief marketing officer at EpicVIN. Black said the following five popular luxury sedans may not be worth your money right now. Lexus ES The Lexus ES is widely praised for its comfort and reliability, but that's where the excitement ends. Despite modest improvements over the years, it still feels like an old sedan. 'The Lexus ES, as a case in point, is very reliable, but it has not changed in a very long time. Still is an old man's car, even with the touchscreens,' Black said. 'Not a thrill to drive, either.' Acura TLX At a first glance, the Acura TLX is a premium sport sedan. But when it comes to performance and tech, it trails behind its competitors. 'Sharp-appearing car, but behind others like BMW or Audi when it's time to drive and tech-wise,' Black said. 'Good, but not worth it if you're looking at true luxury and performance.' Infiniti Q50 When Nissan first launched the Q50, they positioned it as a direct competitor to German luxury sports sedans, like the BMW 3 Series and Audi A4. It had the potential a decade ago. But now? 'The same tired interior, cumbersome infotainment and nothing new in the engine bay,' Black added. Volvo S90 The Volvo S90's sleek Scandinavian design makes it attractive, but it doesn't quite deliver on performance and tech. 'Lovely appearance and very upscale,' Black said, 'but the tech is awkward and the dynamics are not quite at the level of the German opponent. The S90 is a rolling lounge, not a driver's car.' Genesis G80 The Genesis G80 offers many premium features you may need in a luxury sedan. However, the ride quality and uncertain resale value don't justify the price tag. 'Good value on paper but still feels like putting in too much effort to be a serious luxury contender,' said Black. 'The ride is sometimes spongy and the brand isn't quite there on resale confidence and service experience that you'd get for the likes of Mercedes or Lexus,' Black added. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why How Far $750K Plus Social Security Goes in Retirement in Every US Region This article originally appeared on I'm a Car Expert: 5 Luxury Sedans That Are Still Not Worth Your Money 10 Years Later
