Latest news with #NSANY
Yahoo
04-06-2025
- Automotive
- Yahoo
Nissan (NSANY) CEO Says Deep Cost Cuts Will Revive Struggling Automaker
Nissan (NSANY, Financials) is launching a sweeping restructuring plan to address years of declining sales and chronic overcapacity, according to new CEO Ivan Espinosa. In an interview with CNBC on Wednesday, Espinosa said the company's near-term focus is internal: We are convinced that the plan is enough and robust, he said, pointing to a multi-year effort that includes deep cost reductions and operational resizing. Warning! GuruFocus has detected 6 Warning Signs with NSANY. The plandubbed Re:Nissancalls for the elimination of 20,000 jobs and the closure of seven out of 17 global manufacturing plants by March 2028. Espinosa, who took over in April, warned the problems at the automaker were structural and long-running. This is a problem that did not start two years ago, he said, adding that Nissan's aggressive expansion targets from nearly a decade ago were never met. Nissan had once aimed for 8 million units in annual sales, but peaked at 5.6 million in 2016 and is now tracking around 3.3 million to 3.4 million units per year. Espinosa said the company would reduce both fixed and variable costs to reset its operations. The Japanese automaker also continues to face stiff global competition from Chinese rivals and pressure from a slow transition to electric vehicles. Compounding the challenge are new U.S. tariffs, including a 50% levy on global steel and aluminum, introduced by President Donald Trump and expected to tighten further when a temporary reprieve expires in July. A proposed tie-up with Honda (HMC, Financials) was also scrapped earlier this year, ending hopes of creating what would have been the world's third-largest automaker by volume. Nissan's Tokyo-listed shares have fallen 24% so far in 2025. The company says it is now focused on aligning output with real demand and improving profitability through reduced overhead and better capital discipline. Check insider trades for Nissan. This article first appeared on GuruFocus.
Yahoo
04-06-2025
- Automotive
- Yahoo
Nissan (NSANY) CEO Says Deep Cost Cuts Will Revive Struggling Automaker
Nissan (NSANY, Financials) is launching a sweeping restructuring plan to address years of declining sales and chronic overcapacity, according to new CEO Ivan Espinosa. In an interview with CNBC on Wednesday, Espinosa said the company's near-term focus is internal: We are convinced that the plan is enough and robust, he said, pointing to a multi-year effort that includes deep cost reductions and operational resizing. Warning! GuruFocus has detected 6 Warning Signs with NSANY. The plandubbed Re:Nissancalls for the elimination of 20,000 jobs and the closure of seven out of 17 global manufacturing plants by March 2028. Espinosa, who took over in April, warned the problems at the automaker were structural and long-running. This is a problem that did not start two years ago, he said, adding that Nissan's aggressive expansion targets from nearly a decade ago were never met. Nissan had once aimed for 8 million units in annual sales, but peaked at 5.6 million in 2016 and is now tracking around 3.3 million to 3.4 million units per year. Espinosa said the company would reduce both fixed and variable costs to reset its operations. The Japanese automaker also continues to face stiff global competition from Chinese rivals and pressure from a slow transition to electric vehicles. Compounding the challenge are new U.S. tariffs, including a 50% levy on global steel and aluminum, introduced by President Donald Trump and expected to tighten further when a temporary reprieve expires in July. A proposed tie-up with Honda (HMC, Financials) was also scrapped earlier this year, ending hopes of creating what would have been the world's third-largest automaker by volume. Nissan's Tokyo-listed shares have fallen 24% so far in 2025. The company says it is now focused on aligning output with real demand and improving profitability through reduced overhead and better capital discipline. Check insider trades for Nissan. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Automotive
- Yahoo
Nissan's $7B Gamble: Can a UK Lifeline Stop a Global Meltdown?
Nissan (NSANY) is turning to the UK for help as it faces one of its biggest financial pressure points in years. Internal documents reviewed by Bloomberg reveal the automaker is seeking a 1 billion syndicated loan backed by UK Export Financemarking the first major leg in a broader $7 billion funding plan. The goal: survive a massive debt wall coming due next year while trying to avoid deeper cuts at home. Nissan's Sunderland plant, the crown jewel of its UK operations, may have been a deciding factor in London's support. The company recently pledged 2 billion to expand EV production therea politically useful headline for a post-Brexit Britain trying to keep its industrial base intact. Warning! GuruFocus has detected 6 Warning Signs with NSANY. But back in Japan, the mood is darker. Nissan's CEO Ivan Espinosa is pushing for sweeping cuts20,000 jobs, seven factories closed, and a reset of global operations by 2028. Nearly a third of the company's domestic manufacturing footprint is at risk, including key plants near its Yokohama HQ. That could trigger collateral damage across suppliers and regional economies, analysts warn. Nissan still has around 2.2 trillion in cash and credit, giving it a buffer of 12 to 18 months. But with global EV competition heating up and U.S. tariffs adding more weight, the company is running out of easy options. Whether the Japanese government steps inas it has in the past with carriers like Peach Aviationremains to be seen. Some relief could come from asset sales, including a potential partial exit from its 20% stake in AESC, its battery subsidiary. That stake is now mostly controlled by Chinese investors, but a recent funding roundagain backed by UK Export Financemight offer some valuation momentum. The urgency is real. Nissan's board hasn't formally approved the full funding plan yet, but Espinosa is racing to lock in the first tranche by June 30. Investors are watching closely: if Japan follows the UK's lead, Nissan may just buy itself time. If not, the road ahead could be a lot bumpier This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
28-04-2025
- Automotive
- Business Insider
Nissan plans to end vehicle production at Wuhan plant, Reuters says
Nissan (NSANY) wants to end vehicle production at its Wuhan plant in China by March 31, 2026, Reuters reports, citing two sources with knowledge of the plan. The decision comes after the operation rate at the plant fell off amid competition from Chinese automakers. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener.
Miami Herald
26-03-2025
- Automotive
- Miami Herald
Nissan's epic comeback plan includes a handful of fresh, new cars
Following mounting losses, a failed attempt at a merger with Honda, and its CEO faithfully stepping down from his leadership position, Japanese automaker Nissan (NSANY) has been going through the thick of it. Get expert insights and actionable trade alerts from veteran investing experts and hedge fund managers. Join TheStreet Pro today and get the first month FREE Poor sales and mismatched product rollouts have hurt the company's fortunes to the point where Moody's and other major agencies listed the automaker's credit rating as junk status. This pressure is a monumental task for Nissan's current Chief Planning Officer, Ivan Espinosa. On April 1, he will become its CEO, making him responsible for reversing the tides of a perfect storm. Credited as being "full of energy" and "a real car guy" by outgoing CEO Makoto Uchida, Espinosa is leading the charge of Nissan's grand future plans ahead of the formal start of his tenure. On March 26, he helped unveil the company's new strategy, which is centered around an array of new models for its most important markets, including North America, Europe, Latin America, and India. Nissan's refreshed lineup will feature cars powered by a variety of powertrain choices for its customers, including full-on gas-powered cars, hybrids, plug-in hybrids, and EVs. More Automotive: The most reliable new hybrids in 2025New car buyers are in for good news about inflated pricesBMW's newest Mini Cooper is a cool car for buyers on a budget According to a statement from Nissan, the U.S. and Canada will see 10 new and refreshed models by 2027, including some familiar names to Nissan fans. It says that by mid-year 2025, it will drop more details on an all-new iteration of the Nissan LEAF, which is reimagined as a "sleek and spacious family-friendly crossover." Nissan says that much of its guts are shared with the larger Ariya SUV, which it claims will give it substantially better range than the current model. In addition, Nissan also said that it will introduce a "new generation" of the compact Sentra sedan and a refreshed Pathfinder SUV later this year, a plug-in hybrid version of its compact Rogue SUV, and refreshed Infiniti QX60 and QX80 models. The automaker also says that production of an all-new version of the Rogue SUV will begin in 2026. It will be offered in gas, e-POWER hybrid, and plug-in hybrid versions. In addition, Infiniti will also release an all-new crossover SUV called the QX65 in 2026, which is described as a "stylish" coupe-style vehicle. Nissan also stated that an all-new "adventure-focused" Nissan electric SUV will start production in Mississippi in 2027, followed by an Infiniti-branded EV in 2028. Nissan says that these new models will feature American-made batteries produced by SK On. Related: Nissan makes stunning move to reverse its bad fortune Nissan Americas chairman Christian Meunier recognizes that North America is one of its key markets, noting that these actions are key to "get us back to growth and set the stage for the exciting products to come." "With these actions, and continued investments in our business, we expect an accelerated recovery, supported by strong sales of the fantastic new products already in market, and future models on the way. Full speed ahead!" Last year, it sold 924,008 cars across its Nissan and Infiniti brands in the United States and 103,092 cars in Canada. These numbers reflect growth of 2.8% in the States and 12.82% in the Great White North. Nissan is exposed to cross-border tariff risks that are present in the Trump Administration, as it currently makes U.S.-bound Sentra, Versa and Kicks models at its plant in Aguascalientes, Mexico. However, it does make some vehicles at facilities in the U.S. The Altima, Titan, Frontier and Frontier XD are built in Canton, Missisippi, while the Murano, Pathfinder, Rogue and the Infiniti QX60 come from Nissan's facility in Smyrna, Tennessee. The Nissan Motor Company trades on OTC markets in the United States as NSANY and the Tokyo Stock Exchange under the ticker 7201. Related: Veteran fund manager issues dire S&P 500 warning for 2025 The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
