Latest news with #NissanMotorCompany
Yahoo
16-07-2025
- Automotive
- Yahoo
Nissan to cease production at its Oppama plant
Nissan Motor Company announced that it plans to shut down vehicle production at its Oppama plant in Japan's Kanagawa Prefecture at the end of the 2027 fiscal year. The decision is part of a previously-announced, Re:Nissan global restructuring plan in which the company said it plans to close seven of its seventeen vehicle assembly plants currently in operation globally. The Oppama plant was originally opened in 1961 and currently produces the Note and Note Aura compact models, employing around 2,400 people. Production will be transferred to the company's plant in Kyushu, Fukuoka Prefecture. The Japanese automaker confirmed that the decision only affects the Oppama assembly plant, within the Oppama district. Other operations in the district, such as the Nissan Research Center, the Grandrive proving ground, the nearby crash test facility, and Oppama Wharf, will be unaffected by the decision and will continue to operate as usual. Nissan said it will explore 'a wide range of options' for the future utilization of the Oppama plant after production ends. Nissan's CEO, Ivan Espinosa, said in a statement: "Today, Nissan made a tough but necessary decision. It wasn't easy—for me or for the company—but I believe it is a vital step toward overcoming our current challenges and building a sustainable future. The Oppama Plant is a proud part of our history, and its legacy will endure. I want to sincerely thank our employees, the local community, and our partners who have supported this plant with dedication and heart. We will continue to operate in the Oppama area with strong support for the local community, as we carry forward the spirit of the Oppama plant and work to restore Nissan's true value." Under the Re:Nissan restructuring programme, Nissan aims to reduce its global production capacity from 3.5 million units per year (excluding China) to 2.5 million units. The company has determined that discontinuing operations at its Oppama plant and consolidating production at its Kyushu facility is 'the most effective solution to reduce capacity in Japan, based on the plant's production capacity, cost efficiency, and investment requirements.' The company confirmed that consolidating production at Kyushu will help it 'significantly reduce manufacturing costs in Japan, strengthen plant competitiveness, improve product profitability, and support Nissan's long-term growth.' Nissan also announced that production of the NV200 at its Shatai Shonan Plant in Japan will end in fiscal year 2026, with a successor planned to be launched in fiscal year 2027. "Nissan to cease production at its Oppama plant" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
08-07-2025
- Automotive
- Yahoo
Nissan in BEV production talks with Foxconn
Japan's Nissan Motor Company is discussing producing battery electric vehicles (BEVs) in partnership with Taiwanese electronics company Hon Hai Technology Group, also known as Foxconn, according to reports in Japan. Foxconn, Apple's main iPhone outsourcing partner, has developed the MIH (Mobility in Harmony) modular BEV platform, designed to provide global automakers with a fast, low-cost entry strategy into the BEV segment, backed by a ready-made supply chain. Earlier this year, Foxconn, through its Foxtron Vehicle Technologies Company subsidiary, also signed an agreement with Mitsubishi Motors to co-develop and produce a new BEV model based on the MIH open platform. The vehicles will be produced in Taiwan from the second half of 2026, to be sold locally and exported to markets in the Asia-Pacific region, including Australia and New Zealand, from the second half of 2026. Mitsubishi said at the time the vehicle will have 'excellent driving performance and feature an advanced infotainment system.' Nissan is considering using the MIH platform to produce BEVs at its Oppama plant in Kanagawa Prefecture, which had been earmarked for closure under Nissan's recently announced restructuring plan, according to the reports. The deal, if it goes ahead, would secure the future of the Oppama plant while helping the struggling automaker position itself in Japan's emerging BEV market. "Nissan in BEV production talks with Foxconn – reports" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
30-06-2025
- Automotive
- Yahoo
Nissan's global vehicle sales fall by 6% in May
Japanese automaker Nissan Motor Company reported a 6% year-on-year decline in global sales to 256,159 vehicles in May 2025, including Nissan and Infiniti branded models, with domestic and overseas volumes both weaker. Sales in Japan dropped by just over 12% to 27,736 units last month, while overseas deliveries declined by 5.2% to 228,423 units. In the first five months of 2025, global sales fell by 5.9% to 1,351,595 units from 1,436,074 in the same period last year, with sales in Japan falling by 11.5% to 185,385 units, while overseas sales declined by 5% to 1,166,210 units. China was the worst-performing major overseas market for Nissan so far this year, with sales plunging by over 21% to 225,560 units, while sales in Europe fell by 3.4% to 157,046 units. Deliveries in North America rose by 3.4% to 575,066 units, including a 2.1% rise in US sales to 416,606 units, a 6.2% rise in sales in Mexico to 107,563 units, and an 8.5% rise in sales in Canada to 50,212 units. Sales in other markets combined fell by almost 6% to 208,538 units. In terms of production, global volumes dropped by over 13% to 1,185,972 units in the first five months of 2025, with output in Japan falling by over 12% to 242,794 units, while overseas volumes dropped by 13.5% to 943,178 units – driven lower by a 26% plunge in Chinese output to 211,672 units and a 19% decline in US output to 210,414 units, while production in Mexico rose by just 1% to 282,418 units. UK production fell by 19% to 108,541 units. Exports from Japan declined by 17.4% to 134,754 units year-to-date, with shipments to North America falling by 30% to 59,206 units and exports to Europe plunging by over 40% to 14,046 units, while exports to other markets rose by 11.5% to 61,502 units. "Nissan's global vehicle sales fall by 6% in May" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
02-06-2025
- Automotive
- Yahoo
Nissan to raise JPY 1 trillion (US$7bn) to pay debt
Nissan Motor Company is looking to raise up to JPY 1 trillion (US$ 7 bn) this year from the issuance of new corporate bonds and by selling assets, as it faces massive bond redemptions and restructuring costs, according to local reports citing a company source. The struggling Japanese automaker is understood to be facing bond redemptions worth around JPY 780 billion in the current fiscal year (FY2025), ending on 31st March 2026. The company is also facing substantial restructuring costs, after it announced plans to reduce its number of global vehicle production plants from 17 to 10 by FY2027, cutting around 20,000 jobs. As well as issuing new convertible bonds worth JPY 630 billion, Nissan is also looking to sell non-core assets including shares in affiliated companies and real estate assets. This includes selling and leasing back its head office building in Yokohama and selling properties in the US. The automaker also plans to sell part of its 15% stake in its Alliance partner Renault and its entire shareholding in battery manufacturer AESC Group this year. Separate reports suggested Nissan is looking to secure a GBP 1 bn loan guaranteed by UK Export Finance, a British government-linked institution, to help safeguard its UK manufacturing operations. Among the expected plant closures are facilities in Japan, Mexico, and South Africa. Nissan is understood to be aiming to raise a large proportion of the funds in the next few months. "Nissan to raise JPY 1 trillion (US$7bn) to pay debt" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
31-05-2025
- Automotive
- Yahoo
Nissan's global sales fall by 7% in April
Japanese automaker Nissan Motor Company reported a 7.2% year-on-year fall in global sales to 225,729 vehicles in April 2025, including Nissan and Infiniti branded models, with domestic and overseas volumes both weaker. Sales in Japan plunged by 19% to 24,348 units last month while overseas deliveries dropped by 7.2% to 201,381 units. In the first four months of 2025, global sales fell by 5.9% to 1,095,513 units from 1,163,646 in the same period last year, with sales in Japan dropping by over 11% to 157,649 units while overseas sales declined by almost 5% to 937,864 units. China was the worst-performing major overseas market year-to-date, with sales plunging by over 25% to 167,630 units, while sales in Europe fell by 4.9% to 132,822 units. Deliveries in North America rose by 3.3% to 465,569 units, including a 3.5% rise in US sales to 339,629 units, a 5.7% rise in sales in Mexico to 84,917 units, and an 8.1% rise in sales in Canada to 40,440 units. Sales in other markets combined fell by 4.4% to 171,843 units. In terms of production, global volumes dropped by 12.5% to 956,327 in the first four months of 2025, with output in Japan falling by over 11% to 201,902 units while overseas volumes dropped by 13% to 754,425 units – driven lower by a 26% plunge in Chinese output to 162,908 units and a 14% decline in UK output to 92,044 units, while production in Mexico rose by just 1% to 221,481 units. Exports from Japan fell by 14.4% to 113,220 units year-to-date, with shipments to North America plunging by 26.5% to 48,562 units while exports to Europe plunged by 31% to 12,048 units. "Nissan's global sales fall by 7% in April" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
