By Peter M. DeLorenzo Detroit. Look at the photo below carefully. Study it. Let it sink in. It’s the Nissan Motor Co., Ltd. corporate brain trust in Yokohama on Tuesday declaring an annual operating loss for the second straight year. It’s also a picture of abject mediocrity in its purest form. How bad is it for… Continue reading @niche: NISSAN’S SLOW ROLL TO OBLIVION.
Tag: Nissan
2 nabbed in ex-Nissan boss’ escape say they won’t flee US
Alanna Durkin Richer, Associated Press Published 2:21 p.m. ET July 28, 2020 | Updated 2:23 p.m. ET July 28, 2020 A U.S. magistrate judge improperly denied release to a father and son wanted by Japan on charges that they helped sneak former Nissan Motor Co. Chairman Carlos Ghosn out of that country, their attorneys said… Continue reading 2 nabbed in ex-Nissan boss’ escape say they won’t flee US
GROUPE RENAULT: Nissan contribution to Renault’s Q2 2020 earnings
July 28th, 2020Nissan contributes – €1,244 million for second quarter 2020 to Renault’s earningsNissan released today its results for the first quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31th, 2021).Nissan’s results, published in Japanese accounting standards, for the first quarter of fiscal year 2020/2021 (April 1st to June 30th, 2020) will have… Continue reading GROUPE RENAULT: Nissan contribution to Renault’s Q2 2020 earnings
Cybellum Closes $12M in Series A Funding to Redefine Automotive Cybersecurity Risk Assessment
TEL AVIV, Israel, July 28, 2020 /PRNewswire/ — Cybellum, a leader in Automotive Cybersecurity Risk Assessment, today announced a $12 million round A funding, bringing total investment in the company to $15 million. The financing round was led by RSBG Ventures GmbH with additional investment from Cybellum existing investors, Blumberg Capital and Target Global. The funding… Continue reading Cybellum Closes $12M in Series A Funding to Redefine Automotive Cybersecurity Risk Assessment
Nissan warns of $4.5bn annual operating loss
Japanese carmaker’s grim forecast suggests it does not expect a V-shaped recovery Go to Source
Nissan: crumple zone
Share price down by a third — but that does not fully reflect carmaker’s predicament Go to Source
Nissan warns of record loss as pandemic hits turnaround
TOKYO (Reuters) – Nissan Motor Co (7201.T) warned of a record $4.5 billion operating loss this year and its lowest sales in a decade as the COVID-19 pandemic hampers its turnaround efforts. FILE PHOTO: The brand logo of Nissan Motor Corp. is seen at the front nose section of the company’s new Ariya all-battery SUV… Continue reading Nissan warns of record loss as pandemic hits turnaround
Nissan forecasts record $4.5 billion annual loss as pandemic hinders turnaround efforts
FILE PHOTO: The brand logo of Nissan Motor Corp. is seen at the front nose section of the company’s new Ariya all-battery SUV during a press preview, ahead of the world premiere, at Nissan Pavilion in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Nissan Motor Co (7201.T) said… Continue reading Nissan forecasts record $4.5 billion annual loss as pandemic hinders turnaround efforts
@Mitsubishi: MITSUBISHI MOTORS Announces Large-Scale Investment in Mizushima Plant to Manufacture New Electric Kei-cars
TOKYO, July 28, 2020 – (JCN Newswire) – MITSUBISHI MOTORS CORPORATION (MMC) today announced that it will invest for production of new electric Kei-cars at Mizushima Plant in Kurashiki city, Okayama Prefecture starting from August 2020. This investment will be approximately JPY 8 billion. MMC is considering of developing the new electric Kei-car jointly with… Continue reading @Mitsubishi: MITSUBISHI MOTORS Announces Large-Scale Investment in Mizushima Plant to Manufacture New Electric Kei-cars
@Mitsubishi: MITSUBISHI MOTORS Announces Its Mid-Term Business Plan, Small but Beautiful, to Achieve Cost Rationalization and Profitability Enhancement for Sustain…
TOKYO, July 28, 2020 – (JCN Newswire) – MITSUBISHI MOTORS CORPORATION (MMC) today announced its three-year mid-term business plan (from fiscal 2020 to 2022), Small but Beautiful, to concentrate its management resources on its core regions and technologies. This plan focuses on cost rationalization and profitability enhancement to realize solid management foundation aiming at sustainable… Continue reading @Mitsubishi: MITSUBISHI MOTORS Announces Its Mid-Term Business Plan, Small but Beautiful, to Achieve Cost Rationalization and Profitability Enhancement for Sustain…