Latest news with #N7
Yomiuri Shimbun
6 hours ago
- Automotive
- Yomiuri Shimbun
Nissan Faces Difficult Journey as Firm Carries Out Restructuring Measures
Nissan Motor Co. announced its determination to carry out restructuring measures without exceptions — it will effectively close its Oppama plant in Yokosuka, Kanagawa Prefecture, a symbol of its domestic production, at the end of fiscal 2027 and its Shonan plant in the prefecture by the end of fiscal 2026. However, the road for the firm's revival remains difficult considering the impact of high tariffs imposed by U.S. President Donald Trump's administration and a serious sales slump in China, the world's largest auto market. 'It was a difficult decision for both myself and the company,' Nissan President Ivan Espinosa told a press conference on Tuesday. 'However, we believe it's necessary for Nissan to overcome its current challenging situation and return to a growth trajectory.' The Oppama plant in Kanagawa Prefecture, which is home to the company's global headquarters in Yokohama, had been positioned as a 'mother' plant for establishing the firm's production technology. Taiwan-based major electronics manufacturer Hon Hai Precision Industry Co. was believed to have been hoping for a partnership with Nissan that would have included jointly making electric vehicles at the plant. Espinosa denied any talks about establishing a joint venture or outsourcing production, suggesting that he made the painful choice of closing the plant. Nissan's domestic production capacity is about 1.2 million cars, but the company only produced 640,000 in fiscal 2024. Domestic sales in the January-June period of 2025 are expected to slump to about 220,000 units, the lowest in 30 years. Operating profit in the April-June period of 2025 is expected to fall into the red by about ¥200 billion. U.S. tariffs on imported automobiles could push Nissan's operating profit, representing its core business profit, down by as much as ¥450 billion in the fiscal year ending March 2026. Espinosa said that exports are uncertain considering the U.S. tariff policy. 'The world is changing by the minute.' Nissan's sales volume in China in fiscal 2024 fell 12% from the previous year, hit by the rise of local manufacturers. Sales of the N7 electric sedan, whose development was led by local joint venture Dongfeng Nissan, have been strong. However, fierce price competition has left it uncertain whether the company will be able to secure stable profits. Through a series of restructuring measures, Nissan is hurrying to downsize its excessive production facilities, putting pressure on management. Espinosa explained that with production terminated at its Oppama and Shonan plants, the capacity utilization rate of the remaining 10 factories in Japan and overseas will increase to an average of nearly 100%. However, the financial market still has strong concerns about Nissan's restructuring. The company's share price fell to its lowest level in about 16 years this month, falling below ¥300 at one point. Nissan once aimed to integrate its operations with Honda Motor Co. by establishing a holding company but decided to terminate talks with Honda in February of this year. The Economy, Trade and Industry Ministry and Nissan's main bank, Mizuho Bank, Ltd., have called for the resumption of talks, but Nissan remains committed to improving profitability by closing plants and prioritizing restructuring on its own for the time being.
Nikkei Asia
04-07-2025
- Automotive
- Nikkei Asia
Nissan to start shipping EVs from China in 2026
Nissan Motor's joint venture in China designed and developed the N7 electric sedan, pictured in Shenzhen in June. (Photo by Shizuka Tanabe) SHIZUKA TANABE GUANGZHOU, China -- Nissan Motor in 2026 will begin exporting electric vehicles from its plant in China to Southeast Asia, the Middle East and other markets, Nikkei has learned. The struggling Japanese automaker is reviewing its manufacturing operations around the world. It hopes to achieve a quick business turnaround by selling made-in-China EVs, which are competitive in price and performance, to many other markets.
Miami Herald
03-07-2025
- Automotive
- Miami Herald
6 Reasons Why Mazda Won't Like Nissan's New Electric Sedan in China
Nissan launched its $17,000 N7 electric sedan in China on April 28, and the model has already received over 20,000 orders. In May, Nissan delivered 3,034 N7s in China, while the Mazda EZ-6, a competing electric sedan starting at $19,600, sold 1,821 units. Nissan confirmed that the N7 will expand to global markets, but hasn't yet specified which countries. While the N7 and the EZ-6 didn't sell as many units in May as models like Toyota's new bZ3X electric SUV, the two vehicles are helping deliver the value that Chinese consumers are looking for in an electric sedan, and Nissan has Mazda beat beyond price. Both models are comparable in size, with the N7 measuring 194 inches in length and 74.6 inches in width, and the EZ-6 measuring 193.7 inches in length and 74.6 inches in width. The N7 offers two motor options with 215 and 268 horsepower, respectively, while the EZ-6's electric powertrain delivers 258 horsepower. An EZ-6 gets you from 0-62 MPH in 6.2 seconds, and the 268-horsepower N7 isn't far behind at 6.9 seconds. While Mazda offers an extended-range electric vehicle (EREV) EZ-6 that's fundamentally an electric car, this version also features a 1.5-liter gas engine used as a battery recharging generator, so we'll focus on the EV version. Regarding range, the N7's two lithium-iron-phosphate (LFP) battery options-58 kWh and 73 kWh-yield 335 miles and 388 miles of range, respectively. Mazda's fully electric EZ-6 offers a 373-mile range. You'll pay $19,200 to $20,800 for a 73 kWh N7 in China, placing it neck and neck with the EZ-6 in terms of pricing. Those prioritizing charging speed will favor the N7, which charges from 10% to 80% in 19 minutes, three minutes faster than the EZ-6. Inside, Nissan's N7 contains a 15.6-inch center console display, while the EX-6 features a 14.6-inch infotainment screen. You'll also get more trunk space within an N7 at 17.8 cu ft compared to this Mazda's 12.3 cu ft. The EX-6 offers a bit more curb appeal than the N7 with a sportier look, but the N7's exterior seems to mirror the modern, minimalist EV design sentiment that consumers are after from brands like Tesla. While Nissan hasn't yet confirmed which markets the N7 will first expand to, Japan and Australia are rumored to be frontrunners, according to Carscoops. Other possibilities include Malaysia and limited European markets. In 45 days, Nissan has moved 10,000 N7 units, indicating promising growth from May's 3,034 deliveries. Nissan has historically experienced struggles in the Chinese and American EV markets, so the N7's early momentum is a bigger win for the automaker than it may seem. Drivers in the U.S. can also look forward to Nissan's redesigned Leaf SUV that's debuting in the fall. The 2026 Leaf is expected to cost more than the N7, with an unconfirmed starting price in the mid-$30,000s, but it remains more accessible than many electric SUVs in its class. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Axios
02-07-2025
- Entertainment
- Axios
Where celebrities eat and drink in New Orleans
New Orleans has the best food in the world. Seriously, Time Out gave us the official crown. Why it matters: Everyone flocks here to eat and play, including celebrities like Beyoncé, Taylor Swift, Megan Thee Stallion, Mick Jagger and Gordon Ramsay. Here are some of the restaurants they visit while in town. The big picture: Dooky Chase's is the classic New Orleans restaurant that's been attracting famous faces for decades. Martin Luther King Jr., Ray Charles, Duke Ellington, President Barack Obama, President George W. Bush, Oprah Winfrey, Beyoncé and Bob Dylan are a few of the high-profile customers. The restaurant is known for its fried chicken, gumbo and Creole classics. It won a prestigious James Beard Award this year. Dooky Chase's has a long history of helping the civil rights movement. And, the late chef Leah Chase is the inspiration for Disney's Princess Tiana. Morrow Steak is the hot new celeb spot. Since Larry Morrow opened the vibey downtown restaurant last year, he's been busy hosting VIPs like Megan Thee Stallion, GloRilla, LeToya Luckett-Coles, Gordon Ramsay and Kehlani. The restaurant is known for its flaming tomahawk steak and purple ube cheesecake. Morrow also owns Monday, Morrow's, Sun Chong and newly opened Spicy Mango, which are all popular destinations too. Beyoncé The queen's love for the city is well-documented. She's been to The Munch Factory, Willa Jean, Muriel's, Cafe Amelie and Mother's, writes Axios' Chelsea Brasted. She's been to Dooky Chase's too. And, she reportedly ordered 150 poboys from Parkway for her crew after a 2017 performance. Taylor Swift Swift made the most of her boyfriend's Super Bowl appearance this year. She ate at Lilette and Gianna during her visit. On previous trip, she ate at Saba and N7. Bywater Bakery made her birthday cake. Go deeper. More celeb favorites Emeril's: Martha Stewart and Sharon Osbourne have dined here. Serena Williams had her wedding rehearsal dinner at Meril, one of his other restaurants in town. Commander's Palace: Mick Jagger and Sandra Bullock have been spotted at this Garden District restaurant. Eli Manning: This homegrown football player tells Southern Living he always has to get a poboy at Domilise's when he's in town. Justin Timberlake and Jessica Biel have eaten at N7 and Sylvain. Their double date at Sylvain? Ted Danson and Mary Steenburgen. Helen Mirren: Pal's Lounge. "We love New Orleans," she told " The Kelly Clarkson Show." "It's kind of our second American home really. Love the town. Love the city. Love Pal's Lounge. It's the best bar in New Orleans." Gordon Ramsay: While filming for the "Kitchen Nightmares" reboot, he ate his way through the city and posted about his meals. Highlights include Dakar NOLA, L'il Dizzy's, Acamaya, Brennan's, St. Pizza, Hungry Eyes, Cochon and Parkway. Lana Del Rey: Tic-Toc Café and Landry's. We're betting she's eating out here more than we realize now that she's married to a Louisianan. Jude Law lived in New Orleans for several months. He was spotted eating at St. Pizza and Alma. He also shopped at Martin's Wine Cellar. Glen Powell recently told Kelly Clarkson he hung out at Snake and Jake's with a urologist/magician who calls himself The Wiz. The Killers ate at Atchafalaya when they were in town for Jazz Fest last year. Kourtney Kardashian and Travis Barker got beignets at Cafe Du Monde during Super Bowl LIX. President Joe Biden ate at Drago's in Metairie during a visit last year. It's a favorite of Steve Scalise too. Keith Lee of TikTok fame has also eaten his way through the city. The sweet potato beignets at Monday were so good, he went back for another order. Go deeper
Irish Independent
27-06-2025
- Entertainment
- Irish Independent
Tanya Sweeney: Is six years old too young for The Talk? I had a feeling we were galloping way ahead of other parents
The big questions tend to come out of left-field, when you least expect it. Death, the afterlife, why your tummy jiggles so much when you laugh, why there's only one girl-dog in Paw Patrol. And now, as we were pootling up the N7, came the biggest of them all.
