Latest news with #NissanMotorCo.
2 days ago
- Automotive
Global Sales at 8 Japanese Automakers Rise 3.8 Pct in April
News from Japan Economy May 29, 2025 21:25 (JST) Tokyo, May 29 (Jiji Press)--Eight major Japanese automakers' combined global vehicle sales rose 3.8 pct from a year earlier to 1.96 million units in April, data provided by the companies showed Thursday. Global sales grew at four of the eight, including Toyota Motor Corp., which posted a 10 pct increase, partly thanks to last-minute demand in the United States in response to additional auto tariffs imposed by President Donald Trump's administration. Struggling Nissan Motor Co. logged a 7.2 pct global sales drop. The additional U.S. tariffs took effect on April 3. While there were still vehicles in stock that were imported before the tariff implementation, U.S. consumers are believed to have rushed to buy vehicles in anticipation of future price rises. Mazda Motor Corp.'s sales in the United States hit a record high for a single month, and Toyota and Subaru Corp. also enjoyed higher U.S. sales. [Copyright The Jiji Press, Ltd.] Jiji Press
The Mainichi
3 days ago
- Automotive
- The Mainichi
Nissan to seek early retirement applications from staff in US
TOKYO (Kyodo) -- Nissan Motor Co. said Thursday that it has begun soliciting early retirement applications in the United States, as the struggling automaker aims to turn its business around. The Japanese carmaker has not disclosed details such as the number of eligible employees, but the offer is believed to include those in administrative departments and at vehicle assembly plants.
Kyodo News
3 days ago
- Automotive
- Kyodo News
Nissan to raise 1 tril. yen by issuing debt, selling assets: source
KYODO NEWS - 9 hours ago - 23:59 | All, Japan Ailing Nissan Motor Co. is planning to raise around 1 trillion yen ($7 billion) by issuing corporate bonds and selling assets to secure funds as it approaches a massive bond redemption, a company source said Wednesday. Nissan and its affiliated companies face the redemption of roughly 780 billion yen in corporate bonds during the current fiscal year through March. It also requires funds to cover costs related to plant closures and other restructuring measures. The source said the fund-raising plan was explained to directors by executive officers. The company aims to secure a portion of the funds by around the summer. In addition to issuing debt, Nissan is considering selling real estate and stocks it holds and may seek loans guaranteed by a British government-linked institution, the source said. Japan's third-biggest automaker by volume, which has been grappling with poor sales in the United States and China, is stepping up its streamlining efforts after logging a net loss of 670.90 billion yen for fiscal 2024. The company said on May 13 it will shut seven vehicle plants and cut 20,000 jobs globally. Related coverage: Former top execs of struggling Nissan got $4.5 mil severance pay Honda to cut EV investment plan by 30% to 7 tril. yen FOCUS: Japan carmakers focus on popular models to soften U.S. tariff impact
The Mainichi
3 days ago
- Automotive
- The Mainichi
Nissan to raise 1 tril. yen by issuing debt, selling assets: source
TOKYO (Kyodo) -- Ailing Nissan Motor Co. is planning to raise around 1 trillion yen ($7 billion) by issuing corporate bonds and selling assets to secure funds as it approaches a massive bond redemption, a company source said Wednesday. Nissan and its affiliated companies face the redemption of roughly 780 billion yen in corporate bonds during the current fiscal year through March. It also requires funds to cover costs related to plant closures and other restructuring measures. The source said the fund-raising plan was explained to directors by executive officers. The company aims to secure a portion of the funds by around the summer. In addition to issuing debt, Nissan is considering selling real estate and stocks it holds and may seek loans guaranteed by a British government-linked institution, the source said. Japan's third-biggest automaker by volume, which has been grappling with poor sales in the United States and China, is stepping up its streamlining efforts after logging a net loss of 670.90 billion yen for fiscal 2024. The company said on May 13 it will shut seven vehicle plants and cut 20,000 jobs globally.
Yahoo
3 days ago
- Automotive
- Yahoo
Nissan Aims to Raise $7 Bln Ahead of Loan Repayment Wall
Nissan Motor Co. is seeking to raise more than ¥1 trillion ($7 billion) from debt and asset sales to address a huge loan repayment due next year, according to internal documents seen by Bloomberg News. The Japanese automaker plans to issue as much as ¥630 billion in convertible securities and bonds, the documents show. Bloomberg's Reed Stevenson reports. Sign in to access your portfolio
