Streetbeat News

NSANY

Nissan Motor Co. Ltd.

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

CEO

Makoto Uchida

Open

4.92

Mkt cap

8.7B

Volume

36K

High

5.22

P/E Ratio

4.34

52-wk high

8.79

Low

4.92

Div yield

0.02

52-wk low

4.75

The Japan Fair Trade Commission found that Toyota Motor Corp’s subsidiary, Toyota Customizing & Development Co. (TCD), violated subcontractor protection laws by not compensating suppliers for storage fees and forcing them to accept returns on defective products without proper inspection. TCD has since reimbursed the suppliers. The FTC also cautioned Nissan Motor Co. for similar practices. Toyota stock has gained over 27% in the last 12 months, and investors can gain exposure through ETFs like APIE and AVIV.

Portfolio Pulse from Shivani Kumaresan

July 05, 2024 | 4:47 pm

Nissan and Honda are considering a partnership to develop automotive software and EV charging infrastructure to enhance their competitiveness in the electric vehicle market. This move aims to help them catch up with competitors like Tesla and BYD.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 2:59 pm

TDK Corporation has announced a breakthrough in solid-state battery technology, which could significantly enhance the performance of devices like wireless headphones and smartwatches. The new material offers an energy density of 1,000 watt-hours per liter. However, challenges remain for mass production, especially for larger batteries. TDK plans to start shipping samples next year and aims for mass production thereafter. This development is closely watched by major clients like Apple and Tesla.

Portfolio Pulse from Benzinga Neuro

June 17, 2024 | 6:24 am

Benchmark analyst Michael Legg initiated coverage on EVgo Inc (NASDAQ:EVGO) with a Buy rating and a price target of $3, citing its strategic focus on high-traffic locations and strong market position. The analyst expects financial progress through 2024 and a breakout year in 2025 with positive EBITDA. EVgo's partnerships with major OEMs like GM, Nissan, and Toyota further bolster its market position.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 6:56 pm

Nissan Motor Co (OTC:NSANY) paid its former COO Ashwani Gupta $3.7 million to leave the company amid sexual harassment allegations. Gupta, who played a key role in Nissan's profitability, left in June 2023. The payment was disclosed in a notice for an upcoming shareholder meeting.

Portfolio Pulse from Anan Ashraf

June 01, 2024 | 4:43 am

Nissan Motor Co (OTC:NSANY) has paused its plans for two electric sedans in the U.S. while expanding its EV lineup to five vehicles, focusing on SUVs due to changing market trends. The company aims to introduce 30 new models by 2026, with 16 being electrified, to boost global sales and profitability.

Portfolio Pulse from Benzinga Neuro

May 22, 2024 | 6:35 am

Volkswagen has exited discussions with Renault on a joint affordable EV project. Renault will continue developing the electric Twingo independently, while Volkswagen plans its own low-cost EV strategy. This development highlights the competitive pressure from Chinese automakers in the European market.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 3:52 pm

Mercedes worker Brett Garrard advocates for better work-life balance amid unionization efforts at a Mercedes plant in Alabama, highlighting the need for a more predictable schedule. The vote, involving over 5,000 workers, faces opposition amid fears of the plant moving to Mexico. The UAW's broader campaign aims to unionize workers at non-union U.S. plants of major manufacturers, including Mercedes-Benz Group.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 2:29 pm

UAW President Shawn Fain announced the continuation of a $40M campaign to unionize autoworkers at 35 non-union U.S. plants of major automakers including Volkswagen, Mercedes-Benz, Tesla, BMW, Toyota, Nissan, and Hyundai, following a significant union victory at a Volkswagen plant in Tennessee. This win represents the union's first success in a Southern car facility owned by a foreign auto manufacturer, with a scheduled election at two Mercedes-Benz plants in Alabama next.

Portfolio Pulse from Anthony Noto

April 22, 2024 | 6:31 pm

Nissan Motor Co Ltd has revised its annual profit outlook downwards by 14.5%, reducing its operating profit forecast from 620 billion yen to 530 billion yen for the fiscal year ending March 31, 2024. The company also adjusted its annual revenue expectation to 12.6 trillion yen from 13 trillion yen and lowered its sales volume forecast to 3.44 million units from 3.55 million units. This revision follows a decrease in sales volume and various cost reliefs made to suppliers. Additionally, Nissan plans to introduce 30 new models by fiscal 2026, including 16 electric vehicles, aiming to boost sales and reduce the cost of EVs by 30% by 2030. Nissan shares dropped by 3.86% to $7.11 following the announcement.

Portfolio Pulse from Shivani Kumaresan

April 19, 2024 | 4:51 pm

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