Source: Car News Wire (carnewswire.net)
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Nissan Lowers Outlook and Books Charges Related to Carlos GhosnNissan Motor lowered its projections for vehicle sales and profit for the fiscal year ending March 31 and booked an $83 million charge to cover the costs of deferred compensation it says was promised to former Chairman Carlos Ghosn. 83 million? That is irresponsible. Nissan will end up in competition with Volkswagen and Benz. They have lost Europe's markets
Source: WSJ - 🏆 98. / 63 Read more »
Renault: Ghosn remains director of Renault, Bollore chairman of Renault-NissanCarlos Ghosn remains a director of Renault SA even though he has resigned as cha... I love Mr. Bean! Is this now a political spat between France and Japan? Holy cheap I thought there was gonna be a Mr. Bean sequel.
Source: Reuters - 🏆 2. / 97 Read more »
Latest Toll of Ghosn Probe: Trust Between Nissan and RenaultTensions from the investigation into auto-industry titan Carlos Ghosn are hampering efforts at Renault and Nissan to shore up their globe-spanning alliance
Source: WSJ - 🏆 98. / 63 Read more »
Nissan to hold extraordinary shareholders meet on April 8 to approve new directorNissan Motor said on Tuesday it will hold an extraordinary shareholders meeting ... 💙
Source: Reuters - 🏆 2. / 97 Read more »
Angry Letters and Lawyers: Nissan, Renault Duel After Ghosn ArrestTensions from the investigation into auto-industry titan Carlos Ghosn are hampering efforts at Renault and Nissan to shore up their globe-spanning alliance both were ungrateful to the one who rescue Nissan and Renault from bankruptcy, to follow the consequencies!!! Of a stab in the neck such cowards.
Source: WSJ - 🏆 98. / 63 Read more »
Renault's Senard to meet Nissan CEO Saikawa in Japan this week: NissanRenault's chairman will meet Nissan Motor's CEO this week in ... Senard will travel to Japan? I wouldn't do that if I were him, unless he wants to meet Ghosn in person 😀 A reversal of fortunes here? Nissan vs Groupe_Renault Reminiscent of SteveJobs once being saved by billgates? No? business strategy FT TheEconomist Senard will travel to Japan? I wouldn't do that if I was him, unless he wants to meet Ghosn in person 😀
Source: Reuters - 🏆 2. / 97 Read more »
Despite Hooking The X-Trail From Britain, Nissan Still Eligible For Government AidA British government grant is still up for grabs for Nissan of Japan despite its withdrawal of the plan to make the X-Trail SUV at its Sunderland plant, but it has been cut from $104 million to $79 million.
Source: Forbes - 🏆 394. / 53 Read more »
Renault-Nissan Alliance Works Well, But Politics May Doom ItAll the business evidence points to a successful future for the Renault-Nissan alliance, but the venture could founder because of political struggles between France and Japan. If France won’t agree to give up some power in the alliance to Nissan, the alliance might be broken up. Break it up...if tech can’t monopolize than this needs to stop as soon as possible...it’s like they cause and create more problems then the world as a whole!
Source: Forbes - 🏆 394. / 53 Read more »
Nissan snubs Sunderland. Is Brexit to blame?It hardly helps. But leaving the EU is just one of the worries for carmakers in Britain Yes Yes Yes. If you look at UK car manufactures’ supplier procurement soend over the past 3 quarters you’ll see a downward trend indicative of lower production goals in 2019/2020. That will make it a bit easier to shut down plants in the future and shift production to mainland Europe.
Source: TheEconomist - 🏆 6. / 92 Read more »
Nissan Decision To Pull X-Trail Production From Britain Raises Questions About Government FundingNissan of Japan’s decision to reverse its plan to make the new version of its X-Trail SUV at its British plant was taken because of Europe’s sudden rejection of diesel engines, and weakening sales in the region generally. But questions about government funding might pose problems for NIssan Nobody mentions when Toyata wanted a country to build the new CHR they chose that well known EU and NAFTA member Turkey....... Plenty of CHR's in Europe presumably either tariff paid or tariff exceptioned so the Germans can sell BMWs in Japan.
Source: Forbes - 🏆 394. / 53 Read more »