Tag: Renault

Exclusive: Nissan shakes off virus woes in China sales with rebound in April – sources

BEIJING (Reuters) – Nissan Motor Co’s (7201.T) vehicle sales in China this month almost recovered to the prior year’s level after a coronavirus-related 45% plunge in March, two sources with knowledge of the Japanese automaker’s preliminary data said. FILE PHOTO: A Nissan logo is pictured at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir… Continue reading Exclusive: Nissan shakes off virus woes in China sales with rebound in April – sources

EU clears French 5 billion euro loan guarantee to Renault

FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Orvault, near Nantes, France, February 19, 2020. REUTERS/Stephane Mahe BRUSSELS (Reuters) – The European Commission approved on Wednesday a 5 billion euro ($5.4 billion) loan guarantee to carmaker Renault group (RENA.PA) to mitigate the impact of the coronavirus crisis. The Commission, which… Continue reading EU clears French 5 billion euro loan guarantee to Renault

Nissan and Honda plan thousands of US layoffs and furloughs – Nikkei Asian Review

TOKYO — Nissan Motor intends to lay off about 10,000 workers at its idle American plants while Honda Motor places more than half its U.S. staff on temporary leave, as Japan’s automakers step up their response to the coronavirus pandemic. Almost all of Nissan’s U.S. factory workers will be affected by the layoffs, at automobile… Continue reading Nissan and Honda plan thousands of US layoffs and furloughs – Nikkei Asian Review

Mitsubishi Motors seeks $2.8bn in loans

TOKYO — Mitsubishi Motors has requested 300 billion yen ($2.8 billion) in financing from domestic and foreign lenders as the coronavirus pandemic clouds the outlook for the auto industry, Nikkei learned Tuesday. This total includes 200 billion yen from Japanese private- and public-sector financial institutions. The automaker is in talks for a syndicated loan from… Continue reading Mitsubishi Motors seeks $2.8bn in loans

Nissan forecasts up to $886m annual net loss

TOKYO — Nissan Motor downgraded its earnings forecast for the fiscal year ended March to a net loss of as much as 95 billion yen ($886 million), as the company continues to be hit severely by the impact of the novel coronavirus crisis. The Japanese carmaker announced on Tuesday that its net income could be… Continue reading Nissan forecasts up to $886m annual net loss

Nissan completes fiscal year for the first time in eleven years

Posted on Apr. 28, 2020, 4:30 p.m. Legally forced to inform the Tokyo Stock Exchange of the sudden deterioration in its performance, Nissan’s communications department improvised an unnecessarily convoluted statement on Tuesday to avoid letting go of the taboo word “losses”. However, the Japanese group and major partner of Renault is well on the point… Continue reading Nissan completes fiscal year for the first time in eleven years

Japan automakers post 34% plunge in March global sales

FILE PHOTO: An employee of Toyota Motor Corp. is reflected on a side mirror on the assembly line of Mirai fuel cell vehicle (FCV) at the company’s Motomachi plant in Toyota, Aichi prefecture, Japan May 17, 2018. REUTERS/Issei Kato TOKYO (Reuters) – Japanese automakers saw a 34% fall in global vehicle sales in March when… Continue reading Japan automakers post 34% plunge in March global sales

Press Releases – Motor vehicle taxation brings in €440.4 billion for governments in major European markets

Brussels, 28 April 2020 – New data shows that motor vehicles generate more than €440 billion in taxation for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. Motor tax revenues collected by governments have increased by almost 3% compared to the previous year, and the grand… Continue reading Press Releases – Motor vehicle taxation brings in €440.4 billion for governments in major European markets

Nissan plans to slash Japan May car output by 78% vs last year, June, documents show – Yahoo News UK

FILE PHOTO: Man is silhouetted at a show room of Nissan Motor Co. in Tokyo More By Maki Shiraki TOKYO (Reuters) – Japan’s Nissan Motor Co Ltd <7201.T> plans to slash the number of cars it produces at home in May by 78% from last year, as the impact of the coronavirus shakes the troubled… Continue reading Nissan plans to slash Japan May car output by 78% vs last year, June, documents show – Yahoo News UK