Siddharth Philip and Kae Inoue, Bloomberg Published 12:28 p.m. ET Oct. 1, 2019 | Updated 12:31 p.m. ET Oct. 1, 2019 Nissan Motor Co. will consider moving production of its SUVs outside the U.K. if the country leaves the European Union without a deal, people familiar with the matter said. Manufacturing of the Qashqai SUV… Continue reading Nissan considers moving U.K. SUV production overseas on Brexit
Tag: Nissan
Mitsubishi Motors Reports September 2019 Sales
September sales of Mirage, the most fuel-efficient non-hybrid vehicle sold in America2, were up 28.4% year-over-year, and year-to-date sales are up 9.6%, continuing to defy the industry trend away from cars to CUVs. September sales of the stylish and sporty Eclipse Cross were up 62.4% year-over-year. 2019 remains Mitsubishi’s best calendar year-to-date sales since 2007.… Continue reading Mitsubishi Motors Reports September 2019 Sales
Nissan to maintain Korean operations despite headwinds
Nissan Motor said Monday it will continue its operations in South Korea amid trade tensions between the two Asian neighbors, despite headwinds like a boycott of Japanese products.The Japanese carmaker’s commitment to South Korea follows market rumors that it will pull out of the market here as its sales have been hit hard by the escalating trade tensions between Seoul and Tokyo.In the January-August period, Nissan Korea sold 3,581 vehicles under the Nissan and Infiniti brands, down 27 percent from the 4,886 units it sold in the same period a year earlier. More sourcesNissan to maintain S. Korean operations despite headwinds (Yonhap News Agency: Sep 29, 2019 at 5:54 PM)
Volkswagen names former Cadillac head De Nysschen as N America COO
(Reuters) – Volkswagen AG (VOWG_p.DE) on Thursday named General Motor’s (GM.N) former Cadillac head Johan De Nysschen as chief operating officer of the German carmaker’s North American region. De Nysschen previously led Volkswagen’s Audi brand in the U.S. and Nissan Motor Co’s (7201.T) Infiniti brand, and then took over the helm of GM’s Cadillac in… Continue reading Volkswagen names former Cadillac head De Nysschen as N America COO
Nissan is recalling 1.23 million vehicles, including some Rogue and Altima models
Hong Kong (CNN Business)Nissan is recalling 1.23 million SUVs and sedans in the United States and Canada in order to fix a problem with backup cameras in the vehicles.The problem with the backup camera systems in the affected vehicles is that they don’t return to the default image when the transmission is shifted into reverse.Nissan acknowledged in a letter to the US National Highway Traffic Safety Administration that the reduced rear visibility “could lead to an increased risk of an accident in the event the driver does not re-adjust the display before reversing.”
Renault-FCA merger ‘behind us’, French carmaker says
FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Bordeaux, France, June 12, 2019. REUTERS/Regis Duvignau PARIS (Reuters) – Fiat Chrysler’s $35 billion merger offer for Renault, which was abandoned in June, was no longer on the table, the French carmaker’s Chairman Jean-Dominique Senard said on… Continue reading Renault-FCA merger ‘behind us’, French carmaker says
Report: “All-electric future” a short circuit in UAW-GM strike
The electrification of General Motors may be a sticking point in the company's negotiations with the UAW, a report suggested, as GM's union employees kicked off a second week on strike over the two parties' inability to agree on new contract terms.
An unidentified source told the Associated Press that GM's restructuring is a pain point for negotiators, as union representatives want to preserve jobs in Lordstown, Ohio, formerly home to production of the Chevrolet Cruze. GM is interested in producing batteries in Lordstown, the source says, but it won't support as many union jobs—or, perhaps, union wages—as the old Lordstown facility did.
GM would build a new factory to facilitate this, but wants to work with a third-party supplier or develop a joint venture to do so.
The facility which housed production of the Cruze is expected to become the future home of EV startup Workhorse, which intends to use the factory to build an electric truck.
So far, Nissan is the only company to have produced battery packs for larger-volume electric vehicles entirely in-house, which it did for more than a decade. Last year, Nissan sold its battery production subsidiary, Automotive Energy Supply Corporation, to China-based Envision Group.
Thus far, other automakers have relied on outside suppliers such as Panasonic and LG Chem to produce battery modules. Tesla's joint venture with Panasonic experienced some growing pains early in 2019 when the supplier backed off on its plans to expand production at its space in Tesla's Nevada Gigafactory.
New Lidar from Blickfeld
The Startup Blickfeld has introduced a new lidar with a higher range: Cube Range. The startup company field of vision deals with the production of lidar systems and relies on solid-state lidar, which are cheaper and more robust than its predecessors. lidar is considered by the majority of the autonomous vehicle industry as a fundamental… Continue reading New Lidar from Blickfeld
Ghosn opens up host of questions with $1m SEC deal
Former Nissan boss hopes US settlement will not impact defence against Japanese charges Go to Source
Carlos Ghosn and Nissan reach an agreement with the gendarme of the American Stock Exchange
Sixteen million dollars. This is the price that have agreed to pay Nissan (up to 15 million) and its former CEO Carlos Ghosn (for 1 million) to extinguish the lawsuits launched against them by the US Stock Exchange’s gendarme, the Securities and Exchange Commission (SEC). At age 65, Carlos Ghosn is also banned from running… Continue reading Carlos Ghosn and Nissan reach an agreement with the gendarme of the American Stock Exchange