Streetbeat News

NSANF

Nissan Motor Co. Ltd.

http://www.nissan.co.jp/

CEO

Makoto Uchida

Industry

Automobile Manufacturing

Open

2.80

Mkt cap

9.5B

Volume

1.2K

High

2.80

P/E Ratio

10.58

52-wk high

4.30

Low

2.75

Div yield

0.06

52-wk low

2.40

Several companies are in the news for various reasons. Microsoft has been experiencing cyberattacks from a group linked to Russia. Samsung is gearing up for 2-nanometer chip production, intensifying rivalry with TSMC and Intel. BlackRock owns over 7% of Nvidia stock, capitalizing on the AI surge. Russian oil company Roszarubezhneft seeks control of Venezuelan oil exports amid US sanctions. SAP CEO is bullish on AI. Google plans to downsize the workforce at Waze. Overstock's bid for Bed Bath & Beyond assets receives US judge approval. UK watchdog rules against Hyundai and Toyota over misleading EV charging speed ads. Stellantis launches Free2move charging service for EV users. Chip stocks Nvidia and AMD fall on reports of US adopting stricter stance over China. Spirit AeroSystems and workers union agree on new contract proposal. General Dynamics bags US Army contract to build combat vehicles. General Mills shares fall after mixed Q4 results. Nissan reveals executive committee changes. United CEO blames FAA as storms force more flight cancellations. Hong Kong company takes first AI-generated drug candidate to clinic targeting chronic lung disease.

Portfolio Pulse from Vandana Singh

June 28, 2023 | 1:59 pm

Nissan Motor Co Ltd has announced executive committee changes effective from July 1, 2023, to accelerate its Nissan NEXT progress. The changes include the departure of Chief Operating Officer Ashwani Gupta and the addition of Operations Performance to CFO Stephen Ma's responsibilities. The chairpersons of the regional management committees will become members of the executive committee and report directly to CEO Makoto Uchida. Gupta had reportedly clashed with Uchida over negotiations with Renault SA.

Portfolio Pulse from Shivani Kumaresan

June 28, 2023 | 1:37 pm

Baidu claims its Ernie Bot outperforms OpenAI's ChatGPT; Meta's WhatsApp Business app reaches 200 million users; Walgreens reports disappointing Q3 earnings. Ford plans layoffs in its engineering sections in the US and Canada. Robinhood cuts 7% of its full-time staff due to reduced customer engagement. General Dynamics and American Rheinmetall compete for a $45B US Army vehicle contract. Virgin Galactic announces the date for its first commercial spaceflight.

Portfolio Pulse from Vandana Singh

June 27, 2023 | 1:27 pm

Nissan shareholders re-elected its CEO and board nominees despite surveillance controversy and strains with Renault. Nissan is investigating claims that CEO Makoto Uchida conducted surveillance of his deputy Ashwani Gupta. The shareholder meeting follows a new deal with alliance partner Renault, causing additional strain between Uchida and Gupta.

Portfolio Pulse from Anusuya Lahiri

June 27, 2023 | 12:39 pm

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