Honda, Nissan plan to start merger talks in light of EV competition
According to Japanese media, Honda and Nissan Motors are in the process of merging and are reportedly planning to begin negotiations soon. The news, first reported by the Nikkei newspaper on Tuesday, comes as both auto giants struggle to compete with the world's biggest electric vehicle (EV) makers, including Tesla Inc. and Chinese automaker BYD. […]
Honda and Nissan to start talks on potential mega-merger | Automotive industry
Japanese automakers Honda and Nissan plan to begin talks over a possible merger, according to reports. The Nikkei newspaper reported on Tuesday that the two Japanese companies will begin talks to counter increasing global competition from major electric car makers. Japan's second- and third-largest automakers, with combined sales of 7.4 million vehicles in 2023, are […]
Can Nissan survive? Automaker slashes US production as bankruptcy looms
The entire auto industry may be in trouble, but Nissan's prognosis is particularly dire, one that is measured in months rather than years. Sluggish sales, mainly in North America, have been a devastating blow to Japanese automakers. As a result, dealers sold cars at a loss and production was cut by 20%. Most recently, the […]
Nissan axing 9,000 jobs, CEO cuts his own pay as US sales slump
Nissan Motor Co. said Thursday it will cut 9,000 jobs and 20% of its global manufacturing capacity as it seeks to cut costs by $2.6 billion this fiscal year against the backdrop of weak sales in China and the United States. The plan highlights the vulnerability of Japan's third-largest automaker, which has yet to fully […]
Nissan to cut 9k jobs, reduce CEO’s monthly pay by 50% as company struggles
Nissan Motor Co. Senior Vice President Jeremy Papin talks about Nissan's growth efforts on “The Big Money Show,” highlighting “breakthrough advances” in consumer EVs. Nissan Motor Co., Ltd. announced that it will “take emergency measures'' to rebuild its business model after its consolidated net revenue and global sales volume declined and its operating profit margin […]
Older Nissan vehicles at risk for exploding Takata air bags, feds warn
Owners of about 84,000 older Nissan vehicles in the United States that are equipped with recalled and unrepaired Takata airbags should stop driving them immediately because of safety risks, the National Highway Traffic Safety Administration said Wednesday. The agency made the announcement after the Japanese automaker on Wednesday warned car owners not to drive certain […]
Nissan reveals plans for 16 new electric vehicles by 2026
Nissan has announced plans for 30 new cars by 2026, 16 of which will be electric as demand for battery-powered vehicles has increased in recent months. Japanese car manufacturers announced on Monday Seven all-new models will be reserved for the U.S. and Canada, but it wasn’t immediately clear how many of the upcoming vehicles would […]
Nissan to launch 30 new models by 2027, reduce cost of EVs
FOX Business’ Madison Alworth talks about the latest innovations in electric vehicles at the New York International Auto Show. Nissan aims to improve profitability over the medium term through its newly announced plans. The automaker announced a business plan on Monday dubbed “The Arc,” which calls for “a broad product offensive, a push toward electrification, […]
Honda, Nissan to develop EVs together
Japanese automakers announced Friday they will work together to develop electric vehicles. According to Friday’s news, Nissan and Honda, the country’s second- and third-largest automakers, plan to begin a feasibility study in a new partnership that will include an automotive software platform and complementary The product will be included. release. This partnership comes as Japanese […]