Latest news with #Papin
Yahoo
7 hours ago
- Automotive
- Yahoo
Nissan to shutter Mexico factory as part of broader cost savings plan
This story was originally published on Automotive Dive. To receive daily news and insights, subscribe to our free daily Automotive Dive newsletter. Nissan Motor Co. will shutter its CIVAC Plant in Cuernavaca, Morelos, Mexico in March 2026 as part of its fast-track cost-cutting plan to return to profitability by FY2026, the automaker announced Tuesday. Switch Auto Insurance and Save Today! The Insurance Savings You Expect Great Rates and Award-Winning Service Affordable Auto Insurance, Customized for You The automaker said it will consolidate Mexico vehicle production to its complex in Aguascalientes where it operates two factories. Nissan said its action centralizes its manufacturing and allows it to leverage state-of-the-art equipment to drive production and logistics efficiencies. 'Today, we have made the difficult but necessary decision that will allow us to become more efficient, more competitive, and more sustainable,' CEO Ivan Espinosa said in a statement. The CIVAC Plant was Nissan's first production facility outside Japan and operated continuously for more than 60 years. The decision to close a plant in Mexico follows the company's July 14 announcement to shutter a factory in Oppama, Japan by the end of FY2027. Shrinking its manufacturing footprint is part of Nissan's strategy to cut costs and boost profits. The company's goal is to slash its global manufacturing facilities from 17 to 10 by FY2027 and reduce global production from 3.5 million units (excluding China) to 2.5 million units while maintaining 100% plant utilization. During the automaker's quarterly earnings call on Wednesday, CFO Jeremie Papin said he was encouraged by the progress of Nissan's turnaround plan, but added that 'the magnitude of our challenge remains significant.' Nissan projects its plan will lead to 500 billion yen ($3.4 billion) in savings by FY2026. Nissan reported a FY2025 Q1 operating loss of $79.1 billion yen ($530 million), while its net income loss was 115.8 billion yen ($775.6 million). Global retail sales fell 10.1% year over year. Nissan's North American sales fell 2.4% YoY while sales in China tumbled 27.5% from a year ago, where the automaker faces growing competition. Papin said tariffs impacted its U.S. sales where the automaker prioritized selling domestically built vehicles. Papin said the company projects to sell 3.25 million units globally during its current fiscal year, which would translate to a 2.9% YoY decline. He expects a steep sales drop in China where Nissan is forecasting an 18% decline and flat growth in Japan, North America and Europe. Espinosa said the company recognizes its recovery is a two-year plan that will take time to show results. 'Fiscal 2025 is our transition year—the year in which we are taking decisions as we simultaneously execute actions,' he said during Wednesday's earnings call. 'These actions are being delivered in structured phases, each with clear milestones and accountability.' Recommended Reading Nissan ending production at Japan plant 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
6 days ago
- Climate
- Yahoo
National Hurricane Center watching another potential storm off Southeast coast
Signals strung out across the Atlantic Ocean indicate the 2025 hurricane season may be kicking into a more active gear in the days ahead, but a disturbance a little closer to the U.S. has drawn the attention of the National Hurricane Center. In a July 22 update, the hurricane center flagged a low pressure area off Northeast Florida that showed some chance of developing after it crosses over Florida into the Gulf of America, renamed from the Gulf of Mexico, later in the week. The system is forecast to move in a west-southwestward direction into the north-central Gulf where it may encounter conditions that could allow for some slow development if it remained far enough from shore, according to a hurricane center update from Philippe Papin, a hurricane specialist. Papin's forecast put the chances of development at only 10% over seven days, predicting the system is likely to move inland by the weekend. Either way it's likely to mean a few more days of heavy rain along the northern Gulf Coast, forecasters say. "Expect rain and storm chances to increase towards the end of the week as this disturbance moves in, though it's too early to say much with certainty beyond that," the National Weather Service office in Houston posted on its social media. In Lake Charles, Louisiana, the weather service noted the amount of moisture in the air is expected to surge to the maximum amount possible by the afternoon of July 24. Deja vu disturbance? If the hurricane center's tropical outlook map looks familiar, that's because a similar scenario has played out twice in recent weeks. On July 5, Tropical Storm Chantal formed from a low pressure area off the southeastern United States. Chantal went on to cause flooding in parts of North Carolina, and was blamed for at least six deaths. Then on July 12, the hurricane center started watching another potential low pressure area off the southeastern coast, which then slogged across the Florida peninsula with heavy rain on July 15 and then along the state's Panhandle. It remained disorganized and moved over southeastern Louisiana on July 17. Chantal was a little earlier than normal for the third named storm of the season, according to Phil Klotzbach, a research scientist and co-author of a seasonal outlook from Colorado State University. On average the third named storm of the Atlantic hurricane season forms on August 3. After all the seasonal outlooks predicting a busy season, it may seem like the 2025 season is off to a slow start, but hurricane experts don't expect things to stay quiet. Ocean temperatures are warming more than normally expected in an area of the Atlantic called the "main development region," called that because of its propensity to crank out some of the strongest storms, hurricane specialist Michael Lowry wrote in a July 22 post on his Substack blog. Sea surface temperatures have risen sharply in the region in July. Warmer seas can help fuel any potential storm systems that form in the region. How do hurricanes form? An inside look at the birth and power of ferocious storms Lowry credits the current warming in the Atlantic to a weakening of the Bermuda High, a pattern of high pressure that expands and shrinks over the western Atlantic and heavily influences hurricane movement. "After some of the strongest trade winds on record to start the year, and the strongest June trade winds since 1990," trade winds in July have been the weakest since at least 1979, wrote Lowry, a hurricane center veteran and now a specialist at WPLG 10 in Miami. Other signals including a periodic oscillation over the ocean that influences hurricane activity and a shift in the monsoon winds in North Africa also signal a potential increase in activity. Dinah Voyles Pulver covers climate change and the environment for USA TODAY. She's written about hurricanes, tornadoes and violent weather for more than 30 years. Reach her at dpulver@ or @dinahvp on Bluesky or X or dinahvp.77 on Signal. This article originally appeared on USA TODAY: A potential tropical depression could bring more rain to Gulf Coast
USA Today
23-07-2025
- Climate
- USA Today
National Hurricane Center watching another potential storm off Southeast coast
Signals strung out across the Atlantic Ocean indicate the 2025 hurricane season may be kicking into a more active gear in the days ahead, but a disturbance a little closer to the U.S. has drawn the attention of the National Hurricane Center. In a July 22 update, the hurricane center flagged a low pressure area off Northeast Florida that showed some chance of developing after it crosses over Florida into the Gulf of America, renamed from the Gulf of Mexico, later in the week. The system is forecast to move in a west-southwestward direction into the north-central Gulf where it may encounter conditions that could allow for some slow development if it remained far enough from shore, according to a hurricane center update from Philippe Papin, a hurricane specialist. Papin's forecast put the chances of development at only 10% over seven days, predicting the system is likely to move inland by the weekend. Either way it's likely to mean a few more days of heavy rain along the northern Gulf Coast, forecasters say. "Expect rain and storm chances to increase towards the end of the week as this disturbance moves in, though it's too early to say much with certainty beyond that," the National Weather Service office in Houston posted on its social media. In Lake Charles, Louisiana, the weather service noted the amount of moisture in the air is expected to surge to the maximum amount possible by the afternoon of July 24. Deja vu disturbance? If the hurricane center's tropical outlook map looks familiar, that's because a similar scenario has played out twice in recent weeks. On July 5, Tropical Storm Chantal formed from a low pressure area off the southeastern United States. Chantal went on to cause flooding in parts of North Carolina, and was blamed for at least six deaths. Then on July 12, the hurricane center started watching another potential low pressure area off the southeastern coast, which then slogged across the Florida peninsula with heavy rain on July 15 and then along the state's Panhandle. It remained disorganized and moved over southeastern Louisiana on July 17. Chantal was a little earlier than normal for the third named storm of the season, according to Phil Klotzbach, a research scientist and co-author of a seasonal outlook from Colorado State University. On average the third named storm of the Atlantic hurricane season forms on August 3. After all the seasonal outlooks predicting a busy season, it may seem like the 2025 season is off to a slow start, but hurricane experts don't expect things to stay quiet. Ocean temperatures are warming more than normally expected in an area of the Atlantic called the "main development region," called that because of its propensity to crank out some of the strongest storms, hurricane specialist Michael Lowry wrote in a July 22 post on his Substack blog. Sea surface temperatures have risen sharply in the region in July. Warmer seas can help fuel any potential storm systems that form in the region. How do hurricanes form? An inside look at the birth and power of ferocious storms Lowry credits the current warming in the Atlantic to a weakening of the Bermuda High, a pattern of high pressure that expands and shrinks over the western Atlantic and heavily influences hurricane movement. "After some of the strongest trade winds on record to start the year, and the strongest June trade winds since 1990," trade winds in July have been the weakest since at least 1979, wrote Lowry, a hurricane center veteran and now a specialist at WPLG 10 in Miami. Other signals including a periodic oscillation over the ocean that influences hurricane activity and a shift in the monsoon winds in North Africa also signal a potential increase in activity. Dinah Voyles Pulver covers climate change and the environment for USA TODAY. She's written about hurricanes, tornadoes and violent weather for more than 30 years. Reach her at dpulver@ or @dinahvp on Bluesky or X or dinahvp.77 on Signal.
The Herald Scotland
23-06-2025
- Climate
- The Herald Scotland
Hurricane center says storm could form in the Atlantic Ocean
Satellite images showed it has some signs of organization, which could briefly become a tropical depression over the next day or so, according to the center's forecast by Philippe Papin, a hurricane specialist. The forecast gives the system a 40% chance of becoming a depression over the next 48 hours. But by June 24, the system is expected to encounter less favorable conditions that would end its chances of becoming anything more than a depression. The system's forecast to continue moving northeastward at 5 to 10 mph over the open Central Atlantic and poses no threat to land. Long-range seasonal outlooks for the Atlantic hurricane season that started on June 1 call for a busier-than-normal season with more than a dozen named storms. Elsewhere, the long-range outlook from the Climate Prediction Center doesn't indicate any other storm development over the Atlantic hurricane basin, including the Caribbean, before July 8. The Eastern Pacific, which already has seen five named storms since its season began on May 15, remains active. The hurricane center gives a system a couple of hundred miles offshore of Central America a 70% chance of becoming a tropical depression later in the week of June 22, according to Papin's update. Even before it develops into anything further, the system is forecast to produce heavy rainfall over portions of Costa Rica and Nicaragua, then into El Salvador and Guatemala over the next few days. The most recent storm, Hurricane Erick, struck the southern coast of Mexico with 125 mph sustained winds, a Category 3 on the Saffir-Simpson Hurricane Wind Scale, and monstrous waves. Reuters reported the storm left a trail of damage, including sunken boats and flooding. Regardless of how many storms threaten in the Atlantic this summer, the hurricane center advises that it only takes one to ruin someone's year. The center's director, Michael Brennan, encourages people who live in hurricane-prone areas to be prepared in advance. Dinah Voyles Pulver, a national correspondent for USA TODAY, writes about climate change, violent weather and other news. Reach her at dpulver@ or @dinahvp on Bluesky or X or dinahvp.77 on Signal.
USA Today
23-06-2025
- Climate
- USA Today
National Hurricane Center monitoring system that could develop into season's first storm
More than three weeks into the 2025 Atlantic hurricane season, the National Hurricane Center is watching a system with a slim chance of developing into the season's first storm. Showers and thunderstorms associated with a low-pressure system about 450 miles east of Bermuda show the potential for becoming a short-lived tropical depression, the hurricane center said at 8 p.m. ET on June 22. Satellite images showed it has some signs of organization, which could briefly become a tropical depression over the next day or so, according to the center's forecast by Philippe Papin, a hurricane specialist. The forecast gives the system a 40% chance of becoming a depression over the next 48 hours. But by June 24, the system is expected to encounter less favorable conditions that would end its chances of becoming anything more than a depression. The system's forecast to continue moving northeastward at 5 to 10 mph over the open Central Atlantic and poses no threat to land. Long-range seasonal outlooks for the Atlantic hurricane season that started on June 1 call for a busier-than-normal season with more than a dozen named storms. Elsewhere, the long-range outlook from the Climate Prediction Center doesn't indicate any other storm development over the Atlantic hurricane basin, including the Caribbean, before July 8. The Eastern Pacific, which already has seen five named storms since its season began on May 15, remains active. The hurricane center gives a system a couple of hundred miles offshore of Central America a 70% chance of becoming a tropical depression later in the week of June 22, according to Papin's update. Even before it develops into anything further, the system is forecast to produce heavy rainfall over portions of Costa Rica and Nicaragua, then into El Salvador and Guatemala over the next few days. The most recent storm, Hurricane Erick, struck the southern coast of Mexico with 125 mph sustained winds, a Category 3 on the Saffir-Simpson Hurricane Wind Scale, and monstrous waves. Reuters reported the storm left a trail of damage, including sunken boats and flooding. Regardless of how many storms threaten in the Atlantic this summer, the hurricane center advises that it only takes one to ruin someone's year. The center's director, Michael Brennan, encourages people who live in hurricane-prone areas to be prepared in advance. Dinah Voyles Pulver, a national correspondent for USA TODAY, writes about climate change, violent weather and other news. Reach her at dpulver@ or @dinahvp on Bluesky or X or dinahvp.77 on Signal.
