Nissan has been working on a turnaround programme under which it plans to cut its workforce by 9,000 people and global manufacturing capacity by 20 per cent
Nissan, Japan's third-largest automaker, backed out of $60 billion merger talks with larger rival Honda after negotiations were complicated by growing differences
The Japanese carmaker is looking for a partner that would ideally be from the technology sector and US-based
The company flagged off the first shipment of close to 2,900 units of the New Nissan Magnite in late January to select markets in the Latin American (LATAM) region
The two Japanese automakers have been in talks to explore a merger by 2026, in a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers are posing
Mitsubishi, in which Nissan is the largest shareholder, is also part of the merger talks but will decide by the end of January
Honda and Nissan are both having trouble contending with ascendant domestic automakers in China
The potential merger between Honda, Nissan, and Mitsubishi aims to standardise vehicle platforms, enabling all three parties to use a common architecture for developing their individual products
The two automakers plan to create a holding company that would be helmed by a president picked by Honda
The two companies are looking to operate under a single holding company and are expected to soon sign a memorandum of understanding for the new merged entity
Uchida's tenure has coincided with a tectonic shift in the automotive landscape, as new EV makers challenge decades-old manufacturers
Nissan's worldwide output for October decreased 6 per cent from the same month a year earlier to 290,848 vehicles
Munoz, 59, joined Hyundai in 2019 as global chief operating officer, with responsibility for the carmaker's north and south American operations
It scrapped its net profit forecast due to ongoing restructuring efforts, which it said would reduce costs by 400 billion yen ($2.6 billion) this fiscal year
It also expects foreign exchange moves to boost its annual results, helping to offset inflationary pressures
It also expects foreign exchange moves to boost its annual results, helping to offset inflationary pressures
Nissan's quarterly sales performance was also hurt by stronger-than-expected US demand for hybrids, Uchida said, a trend that has especially benefited rival Japanese automaker Toyota
Both companies to unveil a five-seater and a seven-seater SUV each
Nissan is considering partnering with Honda on key EV parts, as well 'kei car' - boxy vehicles that are smaller and less powerful than regular cars, primarily made for the domestic market
Nissan and Mitsubishi denied the plan