Latest news with #Re:
The Irish Sun
23-07-2025
- Automotive
- The Irish Sun
Huge car brand recalls 120,000 vehicles over ‘risk of injury' – check if you're affected
A MOTOR giant is recalling over 120,000 vehicles after concerns were raised about a 'risk of injury'. The huge recall affects one of 3 Stellantis owns the iconic Chrysler brand Credit: Getty 3 The American NHTSA has slapped the car manufacturer with an urgent warning Credit: Reuters Chrysler's parent company, The NHTSA had warned that the brand's vehicles had head constraints which did not lock properly. Also, the NHTSA warned that there was an increased risk of injury to 'seat occupants' during a crash. Read More on Motor News The Sun has contacted both Neither has confirmed which models will be affected by the recall now being rolled out across America. Chrysler itself was founded in 1925 and has become one of the most famous American carmakers in the world. Most read in Motors The brand was so successful that its former head, Walter Chrysler, commissioned the iconic Chrysler Building. Chrysler's Nissan's gloomy future The company reported losses of £2 billion in 2025, following Donald Trump's international tariff war. It experiences a six per cent decline in shipments across the globe, after Stellantis halted production in North America in April - shortly after the tariffs were announced. Antonio Filosa has vowed to "throw the kitchen sink" at restructuring the company though, as Chief Financial Officer Doug Ostermann told analysts that its losses could get worse before they get better. He said: "We'll see significantly more in the second half unless things change. "Given the current outlook, I would expect to see that figure probably double in the second half or more." The news comes after Japanese carmaker Nissan announced The car manufacturer is battling with rising costs, as well as Donald Trump's international tariff war. As it grapples with spiralling debt, the company has announced its global restructuring plan named Re: A spokesperson for Nissan said: 'Under Re:Nissan, Nissan is currently reviewing the integration and closure of some of its global production sites. "However, this process has not yet been concluded beyond the three sites that have been announced so far. "We are committed to maintaining transparency with our stakeholders and if any decisions are made, we will provide information at the appropriate time." 3 Stellantis is recalling 121,398 vehicles Credit: Alamy
Miami Herald
16-05-2025
- Automotive
- Miami Herald
Nissan's CEO Reveals 'Self-Help' Strategy for Future
Earlier this week, recently appointed Nissan CEO Ivan Espinosa gave a stern and consequential diagnosis on what is needed to steer the company from the red and into the black. Among the steps detailed in a plan titled "Re:Nissan" is heavy streamlining and consolidation of the automaker's current assets. His turnaround plan includes an increased number of job cuts affecting up to about 20,000 people and closing seven of its car factories, among other moves meant to slim down Nissan's footprint. He categorized these moves as "a very, very painful and sad decision to take" that is "necessary for the survival of Nissan." During a recent interview conducted by Motor Trend, Espinosa did not mince words about the situation Nissan is in, categorizing the situation as the backsplash resulting from heavy spending on a failed attempt to increase sales by doubling its series production and growing its headcount. "[Nissan's current situation] is not something that happened in the last couple of years. It's more of a fundamental problem that probably started back in 2015, when management thought this company could reach [annual global vehicle sales] of around eight million," Espinosa said. "There were heavy investments both in terms of planned capacity as well as in human resources, but the reality today is we are running at around half that volume. And nobody did anything to fix that until now." Prior to Espinosa's tenure as the CEO of Nissan, his predecessor Makoto Uchida led the automaker to some positive results in 2022 and 2023. However, fortunes flipped in 2024, as declining sales, disappointing financial results, as well as failed merger negotiations with Honda led to his resignation and departure in March. Despite the restructuring plan that initially began developing during his predecessor's tenure, Espinosa said that he and the automaker is confident in keeping to the turnaround plan's pillars "around cost reduction, around product and market strategies, and around partnerships," adding that Nissan needs to work out its problems on its own. "We need self-help. We cannot rely on anybody," he said, adding that Nissan is in a good financial standing to pull itself out. "There was a huge pile of debt, and there was no cash in the bank. Today, I have more than $15 billion in the bank, plus committed lines of credit. So, the message here is we have time. The cash position of the company is good, but we have to move quickly." Though Nissan has strong ties with Renault, as well as a technology partnership with Mitsubishi and Honda, Espinosa noted that he is avoiding a situation where Nissan is "hostage" to one particular automaker or another partner that collaborates with it, adding that he wants to leverage its strengths at the table. "We are looking at partners that can bring more corporate value and support to Nissan in the long term. [...] We have a lot to offer, a lot of value and a lot of engineering value to offer, and this is what we want to discuss with potential partners." There are many levers that have to be pulled in order for Nissan to get out of its mess, which includes introducing new cars. More than 10 new models are slated for the U.S. and Canada within the next few years, including a new Leaf, a new Sentra, a new Rogue, and possibly a new Xterra. However, running a car company is much more than producing "fun cars." I do appreciate Espinosa's blunt, no-nonsense approach and attitude towards tackling the problems triggered by the brand's past, but as it is, time and the ink on the future financials sheets will tell if the restructuring is effective. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Perth Now
16-05-2025
- Automotive
- Perth Now
Nissan Qashqai factory saved, no word on Australian plant's future
Nissan has confirmed its UK factory in Sunderland – where several models including the Nissan Qashqai small SUV are made for Australia – will not be one of the seven plants the Japanese automaker intends to close by March 31, 2027. Nissan Australia would not comment on the future of its casting plant in Dandenong, Melbourne, which is not listed as one of the company's 'major production facilities' on its website. A cost-cutting drive led by Nissan CEO Ivan Espinosa – who took over the top job at the troubled automaker on April 1, 2025, after his predecessor was sacked – will involve shutting seven of the auto giant's 17 factories, axing about 20,000 jobs and development delays for some new models. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Supplied Credit: CarExpert The closures were announced as part of the 'Re:Nissan' recovery plan after the automaker posted a net loss of ¥670.9 billion (A$7.1 billion) for the Japanese financial year that ended on March 31, 2025. Nissan did not reveal which plants it intended to shut, only confirming the closures would take place before the end of the 2027 Japanese financial year. The Sunderland plant southeast of Newcastle in England – where the Qashqai, Juke light SUV and Leaf electric car are built for Australia – appears to have been spared. 'In Europe, we will strengthen our presence by assembling more electric models in Sunderland,' Mr Espinosa told media following the announcement of the closures. Supplied Credit: CarExpert Sunderland is the brand's only plant in Europe and makes more vehicles than any other British car factory, with 282,124 Nissans built there in 2024. Since opening in 1986 it has produced more than 11 million vehicles. A new-generation Leaf is set to be made there, as well as an electric version of the Nissan Micra city car and a battery-electric Juke SUV. As well as the UK plant, Nissan vehicles sold in Australia also come from Japan, Thailand and the United States. Supplied Credit: CarExpert The Pathfinder large SUV sold in Australia is made in Smyrna, Tennessee, one of three US plants which also looks to be safe amid significant import tariffs applied in the US, the world's second-largest new-vehicle market after China. 'Our manufacturing operations in Tennessee and Mississippi are strategically important to the company's future in this crucial market,' Nissan Americas corporate communications director Kyle Bazemore told The Tennessean. Nissan has attributed slow sales in the US to its failure to capitalise on the booming popularity of hybrid vehicles, which saw a 36.7 per cent sales increase there last year. This was despite the brand's e-Power hybrid vehicles being sold elsewhere, after they were first launched in Japan in 2016. The X-Trail e-Power was introduced in Australia in 2022, followed by a Qashqai e-Power in 2024. Supplied Credit: CarExpert The Nissan Casting Australia Plant (NCAP) – its official name – opened in the Melbourne suburb of Dandenong in October 1982. It exports components globally, including to the Sunderland plant, for the Qashqai, Leaf, Pathfinder, X-Trail and the Nissan Navara dual-cab ute, among many other models. Nissan stopped manufacturing complete cars in Australia in 1992, when the Motor Industry Development Plan – better known as 'The Button Plan', after its creator Senator John Button – saw it start sharing locally made models with Ford and Holden.
