TOKYO — Nissan Motor has posted a net loss of 671 billion yen ($6.2 billion) for the year ended in March as the new coronavirus outbreak devastated sales and the carmaker started a big restructuring to cut costs. The annual financial result exceeds the company’s net loss of 233 billion yen for the 12 months… Continue reading Nissan reports $6.2bn annual net loss, worst in 20 years
Tag: Strategy
@Nissan: Nissan to reinforce in Russia with refreshed product range
2020/05/28 Nissan vehicle line-up to be renewed for Russia New crossovers, electric vehicle and technologies to be introduced Datsun production in Russia to end Moscow – Nissan today announced its future direction for the Russian market, with plans to completely refresh its product line-up in the coming four years. Future growth will be driven through… Continue reading @Nissan: Nissan to reinforce in Russia with refreshed product range
Electric vans: anyone who wants to inherit the street scooter
Italians under power Among the large van models, there is the Fiat Ducato in an E variant. Cologne E-commerce is booming and the streets are full of vans. That was already the case before Corona and has intensified significantly with the pandemic. But as easy as that is for the customers, the development is also… Continue reading Electric vans: anyone who wants to inherit the street scooter
@Nissan: Nissan unveils transformation plan to prioritize sustainable growth and profitability
May 28, 2020 [embedded content] YOKOHAMA, Japan – Nissan Motor Co., Ltd. today unveiled a four-year plan to achieve sustainable growth, financial stability and profitability by the end of fiscal-year 2023. The scalable plan, involving cost-rationalization and business optimization, will shift the company’s strategy from its past focus on inflated expansion. As part of the… Continue reading @Nissan: Nissan unveils transformation plan to prioritize sustainable growth and profitability
Nissan sets out survival plan after first loss in 11 years
TOKYO (Reuters) – Nissan Motor Co unveiled a plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits that culminated in its first annual loss in 11 years. FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February 13, 2020.… Continue reading Nissan sets out survival plan after first loss in 11 years
Aurora adds new leadership as the company hits 500 people
Growing team demonstrates Aurora’s commitment to safety and team development Our company is only as powerful as the people we hire and our technology is only as world-class as the people who build it. Though the world has changed over the last few months, we continue to make progress: we’ve started to get our vehicles… Continue reading Aurora adds new leadership as the company hits 500 people
Mercedes-Benz Start Sales Of The EQV 300 With Big 100 kWh Battery
The electric large-capacity sedan can now be ordered as EQV 300 (combined power consumption: 26.3 kWh/100 km; combined CO2 emissions: 0 g/km)1 with a long wheelbase. Everyday electric mobility with a range of up to 418 kilometers[1] [2] and standard fast charging function. The EQV is the second member of the EQ family of Mercedes-Benz.… Continue reading Mercedes-Benz Start Sales Of The EQV 300 With Big 100 kWh Battery
@Mitsubishi: Alliance New Cooperation Business Model to Support Member-Company Competitiveness and Profitability
TOKYO, May 27, 2020 – (JCN Newswire) – Groupe Renault, Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, the members of one of the world’s leading automotive alliances, today announced several initiatives as part of a new cooperation business model to enhance the competitiveness and profitability of the three partner companies. The member companies plan… Continue reading @Mitsubishi: Alliance New Cooperation Business Model to Support Member-Company Competitiveness and Profitability
Michelin welcomes the government’s support plan for the automotive industry in France
Michelin welcomes the government’s support plan for the automotive industry in France An essential support plan for the sector The government has just announced an ambitious plan to support the automotive industry in France. Globally, the automotive industry has been severely impacted by the Covid-19 crisis, at a time when it was already facing the… Continue reading Michelin welcomes the government’s support plan for the automotive industry in France
Renault and Nissan rule out merger as they unveil survival plan
PARIS/TOKYO (Reuters) – Renault (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) ruled out a merger on Wednesday and instead said they would cooperate more closely on vehicle development to slash costs and salvage their troubled alliance. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships… Continue reading Renault and Nissan rule out merger as they unveil survival plan