TOKYO (Reuters) – Nissan Motor Co (7201.T) said on Tuesday it will shut its global headquarters in Japan for 16 days through early May to contain the spread of the coronavirus, even though the government has permitted keeping workplaces open to get the economy running. FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters… Continue reading Nissan to close global headquarters, other Japan sites through May 10 due to virus
Tag: Nissan
Nissan licenses li-ion battery tech to APB Corporation to allow for low-cost mass-production
Japanese-carmaker Nissan has licensed its advanced technology to APB Corporation that will allow mass production of lower-cost, safer lithium-ion batteries with increased charging capacity. Tokyo-based APB is backed by investment from major companies and plans to build a factory in Japan that will use Nissan’s technology to make all-polymer batteries for storage use. Nissan says… Continue reading Nissan licenses li-ion battery tech to APB Corporation to allow for low-cost mass-production
Auto parts maker Marelli, unions agree measures to enable return to work
MILAN (Reuters) – Auto parts maker Marelli and unions agreed on Wednesday on a package of health and security measures to allow the company to gradually resume its Italian operations when Rome eases lockdown restrictions, they said in separate statements. The Italian government last week extended until May 3 nationwide limits on movements and manufacturing… Continue reading Auto parts maker Marelli, unions agree measures to enable return to work
RENAULT: Groupe Renault sets its new Strategy for China
PRESS RELEASE Groupe Renault sets its new Strategy for ChinaGroupe Renault will focus in China on light commercial vehicles (LCV) and electric vehicles (EV).Groupe Renault will transfer its shares in Dongfeng Renault Automotive Company Ltd (DRAC) to Dongfeng Motor Corporation. DRAC will stop its Renault brand-related activities.LCV business is operated through Renault Brilliance Jinbei Automotive… Continue reading RENAULT: Groupe Renault sets its new Strategy for China
Nissan reportedly wants a $4.6 billion lifeline to ‘engineer a desperately needed turnaround’ amid the coronavirus pandemic
With the ongoing COVID-19 pandemic, car sales have plummeted and factories have been idled – leaving many automakers scrambling for cash.Nissan isn’t the only automaker struggling right now, however.Toyota, Fiat Chrysler, and others have also requested new credit lines while people continue to stay home and car sales plummet as a result.A supposed restructuring plan, scheduled to roll out next month and through March 2023, could slash 1 million cars from annual sales targets.
Nissan restructuring may assume cut of 1 mln cars to annual sales target -sources
TOKYO/BEIJING (Reuters) – Nissan Motor Co Ltd’s (7201.T) management has become convinced the struggling automaker needs to be much smaller and a restructuring plan due out next month would likely assume a cut of 1 million cars to its annual sales target, senior company sources said. FILE PHOTO: A Nissan logo is pictured during the… Continue reading Nissan restructuring may assume cut of 1 mln cars to annual sales target -sources
UPDATE 1-Volkswagen furloughs 1,500 workers at Tennessee auto plant starting April 11
FILE PHOTO: The Volkswagen Chattanooga Assembly Plant in Chattanooga, Tennessee November 4, 2015. REUTERS/Tami Chappell (Reuters) – Volkswagen AG (VOWG_p.DE) said Thursday it will furlough 1,500 workers at its U.S. assembly plant in Tennessee starting April 11 as the industry grapples with the ongoing coronavirus pandemic. The German automaker said the temporary emergency furloughs for… Continue reading UPDATE 1-Volkswagen furloughs 1,500 workers at Tennessee auto plant starting April 11
Toyota to halt Indonesia production as Jakarta locks down
JAKARTA — Toyota Motor will temporarily shut down production in Indonesia, Nikkei learned Thursday, with the government ordering a partial lockdown in the capital to stem the spread of the novel coronavirus. Toyota will halt operations from Monday through April 17. Toyota subsidiary Daihatsu Motor is to suspend production for eight days starting Friday. Toyota’s annual output capacity in the country totals… Continue reading Toyota to halt Indonesia production as Jakarta locks down
Nissan seeks $4.6bn credit line to raise liquidity amid pandemic
TOKYO — Nissan Motor is seeking a credit line worth 500 billion yen ($4.6 billion) from Japanese banks, led by Mizuho Bank. The move is aimed at staving off funding problems for the Japanese automaker as vehicle sales plunge amid the new coronavirus outbreak. The Japanese automaker decided to make the request at a board meeting on… Continue reading Nissan seeks $4.6bn credit line to raise liquidity amid pandemic
Groupe Renault:COMMUNICATION OF RENAULT’S BOARD OF DIRECTORS 9th April 2020
PRESS RELEASE COMMUNICATION OF RENAULT’S BOARD OF DIRECTORSAnnual General Meeting of Shareholders to take place on June 19, 2020Cancellation of the dividend for the 2019 financial year25% reduction in compensation for the Chairman and interim CEO25% reduction in Directors’ 2020 attendance feesBoulogne-Billancourt, April 9, 2020 – Renault’s Board of Directors, meeting today under the chairmanship… Continue reading Groupe Renault:COMMUNICATION OF RENAULT’S BOARD OF DIRECTORS 9th April 2020