Streetbeat News

NSANY

Nissan Motor Co. Ltd.

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

CEO

Makoto Uchida

Open

5.52

Mkt cap

9.8B

Volume

99K

High

5.69

P/E Ratio

11.06

52-wk high

8.79

Low

5.52

Div yield

0.01

52-wk low

4.75

Nissan is cutting 9,000 jobs globally to reduce costs after a poor financial performance, with sales falling to 1.6 million units due to higher costs, particularly in the US.

Portfolio Pulse from

November 07, 2024 | 8:45 am

The automotive industry is adapting to the EV era with different strategies. General Motors exceeded earnings expectations, Ford is focusing on hybrids, and Stellantis plans to launch an EV fleet with solid-state batteries. Worksport is enhancing the pickup experience with innovative tonneau covers.

Portfolio Pulse from Upwallstreet

October 24, 2024 | 11:32 am

Volkswagen's chief marketing officer for China, Jochen Sengpiehl, was deported from China after testing positive for cannabis. This incident highlights the strict cannabis laws in China and could impact Volkswagen's market strategy in the region. Volkswagen faces competition from local manufacturers like BYD, which has overtaken it as China's best-selling car brand.

Portfolio Pulse from Nina Zdinjak

October 22, 2024 | 2:35 pm

Tesla is set to unveil its latest model at the 'We, Robot' event, while Nissan joins BMW, Ford, and Honda in the ChargeScape joint venture to optimize EV charging. Worksport is launching new clean energy products, aiming for revenue growth and market expansion.

Portfolio Pulse from Upwallstreet

October 07, 2024 | 11:00 pm

Ford is offering free chargers to boost EV sales, while Worksport is launching solar-powered accessories and pursuing ISO 9000 certification to enhance its market position. These efforts aim to address the EV slowdown and improve infrastructure.

Portfolio Pulse from Upwallstreet

September 30, 2024 | 8:40 pm

General Motors (GM) and Hyundai have signed a memorandum to explore joint product development and clean energy technologies, aiming to enhance competitiveness and efficiency. GM is also expanding its partnership with EVgo to install more fast charging stalls. The automotive market is challenging, with companies like Volkswagen and Tesla facing competition from BYD.

Portfolio Pulse from Upwallstreet

September 17, 2024 | 5:13 pm

Tesla's Cybertruck has created its own category in the electric pickup market, surpassing competitors like Ford's F-150 Lightning and Rivian's R1T in sales. While traditional automakers like Ford and GM have a long legacy in the pickup market, Tesla's unique approach with the Cybertruck sets it apart. Meanwhile, Worksport is expanding its presence with new clean energy products for major truck brands.

Portfolio Pulse from Upwallstreet

September 06, 2024 | 7:18 pm

Toyota Motor Corporation's stock is trading lower due to a reduction in its 2026 electric vehicle production target by 30%, amid a global demand slowdown. However, Toyota will benefit from Japan's $2.4 billion support for EV battery production. The stock has lost over 29% in the past six months.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 3:32 pm

Tesla had a strong month in August 2024 with increased EV sales in China, but faces stiff competition from BYD and other Chinese automakers. Ford is struggling with profitability in the EV market and has canceled its all-electric SUV plans. Worksport is expanding its product lineup and aims to enhance the electric pickup experience.

Portfolio Pulse from Upwallstreet

September 04, 2024 | 6:41 pm

Tesla has added Nissan to the list of automakers that will soon gain access to its supercharger network in North America, joining GM, Volvo, Polestar, and Mercedes-Benz. Despite recent layoffs impacting the supercharging team, Tesla CEO Elon Musk reassured that the network's growth continues, with a $500 million investment planned for this year.

Portfolio Pulse from Anan Ashraf

August 10, 2024 | 2:50 am

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