Latest news with #SatokoKawasaki
Nikkei Asia
2 days 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.
Nikkei Asia
15-07-2025
- Automotive
- Nikkei Asia
Nissan to cease vehicle production at flagship plant in Japan
Nissan's Oppama Plant in Yokosuka, Kanagawa prefecture. The Japanese automaker says the site will cease vehicle production by March 2028. (Photo by Satoko Kawasaki) YUICHI SHIGA TOKYO -- Japanese automobile manufacturer Nissan Motor announced on Tuesday that it will discontinue vehicle production at its flagship Oppama plant by March 2028, in a move that its CEO described as both essential and a cause of "significant pain". Both current and future models scheduled for production at Oppama will be produced at Nissan Motor Kyushu in Fukuoka prefecture in western Japan, as part of the company's restructuring efforts.
Nikkei Asia
15-07-2025
- Automotive
- Nikkei Asia
Nissan to cease vehicle production at Oppama plant in Japan
Nissan's Oppama Plant in Yokosuka, Kanagawa prefecture. The Japanese automaker says it will cease vehicle production by March 2028. (Photo by Satoko Kawasaki) YUICHI SHIGA TOKYO -- Japanese automobile manufacturer Nissan Motor announced on Tuesday that it will discontinue vehicle production at its Oppama plant by March 2028 as part of its restructuring efforts. Both current and future models scheduled for production at Oppama will be produced at Nissan Motor Kyushu in Fukuoka prefecture in western Japan.
Nikkei Asia
15-07-2025
- Automotive
- Nikkei Asia
Nissan to cease vehicle production at its Oppama plant in Japan
Nissan's Oppama Plant in Yokosuka, Kanagawa prefecture (Photo by Satoko Kawasaki) YUICHI SHIGA TOKYO -- Japanese automobile manufacturer Nissan Motor announced on Tuesday that it will discontinue vehicle production at its Oppama plant at the end of the fiscal year ending March 2028 as part of restructuring efforts. Both current and future models scheduled for production at Oppana will be produced at Nissan Motor Kyushu in Fukuoka prefecture in western Japan. The Oppana plant is located in Kanagawa prefecture, south of Tokyo.
