Latest news with #NissanMotor
Nikkei Asia
9 hours ago
- Automotive
- Nikkei Asia
Japan's Marelli aims to leave bankruptcy in 2026 under SVP-led sponsors
Marelli Holdings' financial distress originated partly from the business turmoil at key client Nissan Motor. (Photo by Satoko Kawasaki) SEIYA OTA TOKYO -- Japanese auto parts supplier Marelli Holdings announced Tuesday that a group led by U.S. investment firm Strategic Value Partners will sponsor the company's turnaround, with the goal of rising out of bankruptcy protection next year. The group of five lenders -- which are Marelli's creditors -- also includes Germany's Deutsche Bank and Asian private equity firm MBK Partners. The consortium was designated as sponsors after the 45-day "overbid" period for accepting superior proposals from competing buyers ended Tuesday as part of the Chapter 11 bankruptcy process.
The Mainichi
5 days ago
- Business
- The Mainichi
Tokyo stocks retreat after Japan-US trade deal jump
TOKYO (Kyodo) -- Tokyo stocks fell Friday as investors locked in gains after the Nikkei index surged more than 2,000 points over the past two sessions on a Japan-U.S. trade deal, while awaiting further earnings results. The 225-issue Nikkei Stock Average ended down 370.11 points, or 0.88 percent, from Thursday at 41,456.23. The broader Topix index finished 25.69 points, or 0.86 percent, lower at 2,951.86. On the top-tier Prime Market, decliners were led by chemical, iron and steel and transportation equipment issues. The U.S. dollar briefly strengthened to the mid-147 yen range in Tokyo after U.S. weekly jobless claims fell unexpectedly, helping to ease concern about the prospects for the world's largest economy, dealers said. Stocks declined throughout the day after the Nikkei benchmark briefly climbed to a one-year high above the 42,000 line Thursday, while shares of companies that released weak earnings and projections plunged. Among such issues, Mitsubishi Motors ended down 7.9 percent at 406.0 yen, after the automaker said its net profit in the April-June quarter dived 97.5 percent from a year earlier, pressured by the adverse impact of hefty U.S. tariffs. More companies are set to announce their earnings next week, including Nissan Motor and Nippon Steel. "After Japan reached the trade deal with the United States, some companies are expected to make comments about the impact of the latest agreement," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management Co. "Full-year earnings would be examined based on such comments, and share prices of companies are likely to be influenced by how they are affected by the tariffs," he added.
Time of India
7 days ago
- Automotive
- Time of India
Renault plans to boost India production with more SUVs, exports
Renault will add more SUV's to small cars in its model lineup in India, as the French carmaker looks to boost utilization levels at its factory and rebuild its share in the world's third-largest car market, a senior executive said. With a planned investment of $600 million, Renault aims to grow domestic sales and exports from India after taking over alliance partner Nissan Motor's share in the jointly-owned plant, Venkatram Mamillapalle, Renault India's managing director, said. "We are going to go offensive on the product launches moving forward," Mamillapalle told Reuters in an interview. He said Renault would launch compact and mid-sized SUVs in India where it now sells three models - a small car Kwid, a small SUV Kiger, and a small seven-seater Triber, its top selling Indian model. While India accounts for less than 2per cent of Renault's global sales, it is one of five cost-competitive international hubs the carmaker is counting on to boost sales outside of its home market of Europe. Lack of new model launches and a lineup skewed towards small cars, a segment that is rapidly shrinking, has pushed Renault's share of the Indian car market to less than 1per cent from over 3per cent five years ago, industry data showed. On Wednesday, it launched Triber's refreshed version - its first launch in over four years, and the first of four new models it plans to bring to the market over the next two years. SUVs and three-row family cars made up about 65per cent of India's annual car sales of 4.3 million units last fiscal year. Small cars accounted for the rest, with their share shrinking from over 60per cent five years ago. The factory in southern India, now fully owned by Renault, runs at about 50per cent of its annual capacity of around 500,000 units and Mamillapalle said the carmaker counted on Indian market growth and new export markets beyond Southeast Asia and South Africa to help bring its utilisation rate to 80per cent-100per cent.
Reuters
7 days ago
- Automotive
- Reuters
Renault plans to boost India production with more SUVs, exports
Bengaluru, July 23 (Reuters) - Renault ( opens new tab will add more SUV's to small cars in its model lineup in India, as the French carmaker looks to boost utilization levels at its factory and rebuild its share in the world's third-largest car market, a senior executive said. With a planned investment of $600 million, Renault aims to grow domestic sales and exports from India after taking over alliance partner Nissan Motor's (7201.T), opens new tab share in the jointly-owned plant, Venkatram Mamillapalle, Renault India's managing director, said. "We are going to go offensive on the product launches moving forward," Mamillapalle told Reuters in an interview. He said Renault would launch compact and mid-sized SUVs in India where it now sells three models - a small car Kwid, a small SUV Kiger, and a small seven-seater Triber, its top selling Indian model. While India accounts for less than 2% of Renault's global sales, it is one of five cost-competitive international hubs the carmaker is counting on to boost sales outside of its home market of Europe. Lack of new model launches and a lineup skewed towards small cars, a segment that is rapidly shrinking, has pushed Renault's share of the Indian car market to less than 1% from over 3% five years ago, industry data showed. On Wednesday, it launched Triber's refreshed version - its first launch in over four years, and the first of four new models it plans to bring to the market over the next two years. SUVs and three-row family cars made up about 65% of India's annual car sales of 4.3 million units last fiscal year. Small cars accounted for the rest, with their share shrinking from over 60% five years ago. The factory in southern India, now fully owned by Renault, runs at about 50% of its annual capacity of around 500,000 units and Mamillapalle said the carmaker counted on Indian market growth and new export markets beyond Southeast Asia and South Africa to help bring its utilisation rate to 80%-100%.
Nikkei Asia
22-07-2025
- Automotive
- Nikkei Asia
Nissan fans stay loyal but worry about turmoil: Nikkei poll
Nissan has made no full redesigns of flagship models since 2022, leaving it struggling to draw customers to dealerships. © Reuters TAKAKO FUJIU and RISAKO KOJIMA TOKYO -- As Nissan Motor grapples with sluggish sales, exacerbated by a lack of fresh offerings, Nikkei asked current drivers of Nissan cars whether they will stick with the Japanese automaker despite its tribulations. When asked what car they want to drive next, 58% of the 104 respondents said they plan to go with Nissan again. Of the rest, 12% look to switch to a model from Toyota Motor and 8% to Honda Motor, with some others naming imported brands such as BMW and Mercedes-Benz.
