Category: Official Press Release

Notice Regarding the Status of Own Share Repurchase

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on April 1, 2019, in Kyoto, Japan

Notice Regarding the Status of Own Share Repurchase

(Repurchase of own shares, pursuant to the Company's Articles of Incorporation based on the provisions of Article 459-1-1 of the Company Law of Japan)
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced the status of the Company’s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 23, 2019, pursuant to Article 459, Paragraph 1, Item 1 of theCompany Law of Japan.
Details are as follows:
Details of Share Repurchase
1. Period of own share repurchase: From March 1, 2019 through March 31, 2019
2. Class of shares: Common stock
3. Number of own shares repurchased: 0
4. Total repurchase amount: 0 yen
Note: The above repurcha..

Notice on Dismissal of Lawsuit Against Nidec

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on April 1, 2019, in Kyoto, Japan

Notice on Dismissal of Lawsuit Against Nidec

As announced on March 12, 2019 in the “Notice on Lawsuit Filed Against Nidec”, Whirlpool Corporation (“Whirlpool”) commenced a lawsuit in the United States District Court for the Southern District of New York (the “Court”) against Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec”), alleging that Nidec is in breach of its obligations contemplated by the Share Purchase Agreement (the ”SPA”) whereby Nidec agreed to acquire their compressor business from Whirlpool.

We would like to inform that the Court spontaneously dismissed the litigation without prejudice on March 27, 2019. Nidec remains focused on obtaining the approval of relevant antitrust authorities and to complete the transaction with Whirlpool as per the SPA.

A meeting to discuss the prospects of CNG market development was held at AVTOVAZ

close

New Granta

New Granta sedanNew Granta liftbackNew Granta hatchbackNew Granta SW

Vesta

Vesta sedanVesta CrossVesta SWVesta SW CrossVesta CNGVesta Sport

XRAY

XRAYXRAY Cross

Largus

Largus UniversalLargus Universal CNGLargus CrossLargus Cross CNGLargus wagonLargus Wagon CNG

4×4

4×4 3 door4x4 Urban4x4 5 door4x4 Urban 5 door4x4 BRONTO

close

News

Press-releases

Subscribe

RSS

Feedback

Ask question

Contacts

Company

COMPANY NEWS

PRESS-RELEASES
SUBSCRIBERSS

All news
Exhibitions, car races, sport
Innovation activity
Corporate Information
Model range
Partners
Production
Results
Social issues

03.04.19
A meeting to discuss the prospects of CNG market development was held at AVTOVAZ

April 2, 2019. An extensive meeting was held at the production site of PJSC “AVTOVAZ” dedicated to “Development of the Russian Natural Gas Fuel Market, Stimulation of the Demand and Offer for the Natural Gas Vehicles” with participation of Special Representative of the President of the Russian Federation for Cooperation with the Gas Exporting Countries Forum, Chairman of the Board of Directors of PJSC “Gazprom” Viktor Zubkov, President of PJSC “AVTOVAZ” Yves Caracatzanis, representatives of ministries, authorities, automotive conglomerates, component manufactures and private business.
During a visit to Togliatti, the guest delegation reviewed the production process and lineup of LADA CNG, visited a gas filling station and discussed relevant matters of the CNG market development at the meeting.
It forth reminding that in July 2017 AVTOVAZ commenced the serial production of the LADA Vesta CNG, a bi-fuel vehicle equipped with gas cylinder designed for compressed natural gas (CNG) Using methane as the fuel is the most safe, environmental-friendly and affordable solution. Its use increases the engine’s service life and reduces the fuel costs more than threefold. Besides, in case of leak this gas is effectively dissipates in the atmosphere assuring high fire-safety characteristics.
The launch of bi-fuel LADA Largus CNG in February 2019 continued that endeavor. The light commercial and 5-seat passenger versions of LADA Largus outfitted with CNG cylinders are a van, 5-seat station wagon, and LADA Largus Cross modification. The LADA Largus CNG van is a lucrative offer for small and medium-sized businesses. A CNG cylinder is located behind the partition that separates the compartment from the body. Thanks to that it is possible to keep the high volume of cargo compartments – 2225 liters.
President of PJSC “AVTOVAZ” Yves Caracatzanis emphasized that the Company consistently develops the LADA CNG lineup. “We see a stable demand for these cars from both corporate clients, particularly taxi companies, and private owners. We express our gratitude to the state for the support to the market and manufactures of CNG vehicles, and hope that these measures will be kept stable in the coming years” – Mr. Caracatzanis emphasized.
Return

press-releases

subscribe

RSS

03.04.19
A meeting to discuss the prospects of CNG market development was held at AVTOVAZ

READ MORE
02.04.19
LADA is the winner of the Grand Prix of “Za rulyom”

READ MORE
05.03.19
LADA – the new Granta is the leader in February

READ MORE
04.03.19
LADA cars participate in the state programs «The First car» and «The Family car»

READ MORE
26.02.19
LADA to conquer Moscow and St. Petersburg

READ MORE
08.02.19
LADA Granta – new model will teach driving

READ MORE
05.02.19
LADA Granta became a sales leader in January

READ MORE
04.02.19
LADA Vesta – Russian bestseller became more affordable

READ MORE
04.02.19
AVTOVAZ signed agreements with St. Petersburg Polytechnic University of Peter the Great

READ MORE
01.02.19
LADA – new dealership in S.Petersburg

READ MORE
30.01.19
LADA Vesta Sport – sales start

READ MORE
21.01.19
PJSC AVTOVAZ announces the signature of a Special Investment contract

READ MORE
10.01.19
LADA achieved exceptional success in 2018 sales

READ MORE
24.12.18
AVTOVAZ: Main Events of 2018

READ MORE
19.12.18
Cyrille Druhen-Charnaux appointed PJSC «AVTOVAZ» Vice-President for Purchasing

READ MORE

LOAD NEWS

SALES RESULTS FRANCE FIRST-QUARTER 2019

Renault maintains its leadership in a strong French market In the first quarter, Groupe Renault PC + LCV* sales rose 0.2% to 178,058 vehicles, the best volume since 2011. The Renault brand is the leader in PC, LCV, electric markets and the leader in passenger car sales to private customers. Dacia beat its all-time record… Continue reading SALES RESULTS FRANCE FIRST-QUARTER 2019

Hyundai Motor Launches CRADLE Berlin

CRADLE Berlin is the third CRADLE office worldwide, joining bases in Silicon Valley, USA, and Tel Aviv, Israel Edvin Eriksen, Head of Hyundai CRADLE Berlin: “Berlin’s international reputation for digital innovation creates exciting ecosystem for innovation.” CRADLE has already partnered with several European ventures, accelerators and innovation platforms based in Germany, France, Switzerland and UK… Continue reading Hyundai Motor Launches CRADLE Berlin

Hyundai reveals study on virtual cockpit

Hyundai Motor has revealed its study on the future of the car’s cockpit, integrating the latest and upcoming technologies in an i30 test car. This virtual cockpit provides a more interactive experience and is highly customisable to suit the driver’s needs. 2 April 2019 – Cars have long since ceased to be just a simple… Continue reading Hyundai reveals study on virtual cockpit

The Register and AEye President, Blair LaCorte, Predict the Future of Self-Driving Cars

At the 2019 Intel Capital Global Summit in Phoenix, AEye President, Blair LaCorte, details to The Register how he envisions the future of the self-driving car industry and demonstrates AEye’s advanced artificial perception technology.

Article >
The Register and AEye President, Blair LaCorte, Predict the Future of Self-Driving Cars — AEye’s iDAR Shatters Both Range and Scan Rate Performance Records for Automotive Grade LiDARBlair LaCorte Named President of AEyeLG Electronics and AEye Announce Strategic Partnership to Address Sensing and Perception Needs of ADAS MarketAEye’s $40M Series B Includes Numerous Automotive Leaders Including Subaru, Hella, LG, and SKHella and AEye Extend Strategic Partnership to Deliver Sensing and Perception Solutions for ADAS and Autonomous DrivingThe Future of Autonomous Vehicles: Part I – Think Like a Robot, Perceive Like a HumanThe Future of Autonomous Vehicles: Part II – Blind Technology without Compassion Is RuthlessDeconstructing Two Conventional LiDAR MetricsAEye Advisory Board Profile: Elliot GarbusAEye Announces Addition of Aravind Ratnam as Vice President of Product Management