Streetbeat News

NSANY

Nissan Motor Co. Ltd.

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

CEO

Makoto Uchida

Open

5.76

Mkt cap

10B

Volume

5.8K

High

5.85

P/E Ratio

15.39

52-wk high

8.79

Low

5.76

Div yield

0.05

52-wk low

4.41

Nissan Motor Co. is collaborating with Tsinghua University to conduct joint research aimed at understanding Generation Z's preferences and exploring social responsibility in the EV sector, such as battery recycling and charging stations. This partnership is part of Nissan's strategy to recover its position in the Chinese auto market, where it has lost significant market share, with sales dropping 34% from April to September compared to the previous year. Nissan plans to launch 10 new-energy vehicles in China by 2026, with the first Nissan-branded model expected next year. Additionally, Nissan and Renault SA are converting a UK facility to produce electric versions of their top-selling vehicles. The EU is investigating Chinese government subsidies to local vehicle manufacturers for potential unfair competition.

Portfolio Pulse from Benzinga Neuro

December 17, 2023 | 2:28 pm

The U.S. Office of Defects Investigation (ODI) has initiated a preliminary evaluation into approximately 454,840 Nissan vehicles due to reports of engine failures. The affected models include Nissan Rogue, Altima, and Infiniti Qx50. The investigation follows six complaints about engine failures, power loss, and unusual noises, with some cases showing metal debris in the oil pan. Nissan has made changes in the manufacturing process to address these issues. NSANY shares closed lower by 2.77% at $7.62 on Thursday.

Portfolio Pulse from Shivani Kumaresan

December 15, 2023 | 12:48 pm

Over 1,000 employees at the Volkswagen (OTC:VWAGY) plant in Chattanooga, Tennessee, have signed union authorization cards, indicating a push towards unionization led by the United Auto Workers (UAW). This move is part of a larger UAW campaign to unionize the nonunion auto sector in the U.S., which includes major automakers like Tesla (NASDAQ:TSLA), Toyota (NYSE:TM), and others. The UAW's strategy involves publicizing the effort once 30% of workers sign cards, rallying at 50%, and demanding a vote or recognition at 70% support.

Portfolio Pulse from Benzinga Neuro

December 08, 2023 | 11:21 am

The United Auto Workers (UAW) union has launched a campaign to unionize workers at 13 non-union automakers in the U.S., targeting nearly 150,000 workers from companies like BMW, Honda, Hyundai, Lucid, Mazda, Mercedes-Benz, Nissan, Rivian, Subaru, Tesla, Toyota, Volkswagen, and Volvo. UAW President Shawn Fain, after securing contracts with GM, Ford, and Stellantis, is looking to expand the union's reach beyond the 'Big Three' Detroit automakers by 2028. The UAW's membership has declined over the years, but recent successes have led to wage increases at non-union companies, known as the 'UAW bump.' Past efforts to unionize at foreign-based automaker plants and Tesla's Fremont plant have seen limited success.

Portfolio Pulse from Michael Cohen

November 29, 2023 | 10:37 pm

Tesla Inc (NASDAQ:TSLA) is facing a labor dispute in Sweden with IF Metall union, representing mechanics who have gone on strike. The conflict has escalated with Tesla suing the Swedish state and other unions joining in solidarity, affecting Tesla's operations and supply chain in Sweden. The dispute comes ahead of the Cybertruck launch and could have broader implications for Tesla's anti-union stance globally. Meanwhile, Tesla's stock is up 0.9% after a month-long 14% climb. Other automakers like Ford (NYSE:F), General Motors (NYSE:GM), and Stellantis (NYSE:STLA) have recently faced similar union challenges, with the UAW securing new agreements that could pressure Tesla to raise wages.

Portfolio Pulse from Natan Ponieman

November 27, 2023 | 7:50 pm

Nissan Motor Co Ltd (OTC:NSANY) is set to increase wages for its U.S. manufacturing plant workers by 10%, effective January 8th, following UAW's new contracts with Detroit Three automakers. This will affect around 9,000 U.S. workers and includes the elimination of wage tiers. The move aligns with wage increases by other automakers such as Hyundai (OTC:HYMTF), Toyota (NYSE:TM), and Honda (NYSE:HMC). Over the past three years, Nissan has raised wages by 12%-18.5% at its U.S. plants. NSANY shares dropped 1.38% to $7.87 in the last check.

Portfolio Pulse from Shivani Kumaresan

November 21, 2023 | 4:12 pm

Renault SA has reduced its stake in Nissan Motor Co., Ltd. from 43.4% to 15%, transferring the remaining 28.4% shares into a French trust. Renault and Nissan now have a cross-shareholding of 15% with lock-up and standstill obligations. Renault continues to benefit from the economic rights from the entrusted Nissan shares until they are sold. Mitsubishi Motors is also a member of the Alliance with Renault and Nissan Motor. The alliance will continue to identify key projects across markets.

Portfolio Pulse from Nabaparna Bhattacharya

November 08, 2023 | 12:27 pm

The top-selling electric vehicle (EV) in Japan is the Sakura, a kei car co-developed by Nissan Motor Co. (OTC:NSANY) and Mitsubishi Motors Corp. (OTC:MMTOF). The Sakura and its Mitsubishi counterpart, the eK X, account for nearly half of all EV sales in Japan this year. Despite the overall subdued EV market in Japan, these models have found favor with consumers for their affordability and practicality. However, success in Japan doesn’t translate into overseas sales due to stricter collision standards and regulations in other countries.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 9:36 am

Honda Motor Co Ltd. has expanded its payment options to include around 46 cryptocurrencies, in partnership with blockchain payment system, FCF Pay. This move comes as Japan sees a rise in crypto funding for startups and the country's ruling Liberal Democratic Party's Web3 project team releases proposals to expand the Web3 industry. Honda also unveiled a new limited edition NFT at the Formula One Honda & Red Bull welcome event in Tokyo.

Portfolio Pulse from Khyathi Dalal

October 03, 2023 | 9:57 pm

Nissan Motor Co Ltd (OTC:NSANY) has committed to all-electric vehicles in Europe by the end of the decade and unveiled a new sporty urban electric concept car. General Motors (NYSE:GM) also committed to phase out all internal combustion engines by 2035, but a strike could complicate things. Ford Motor (NYSE:F) and Stellantis (NYSE:STLA) are also facing challenges in their transition to EVs. Toyota Motor (NYSE:TM) has been criticized for its slow EV transition, but is ramping up its EV production and claims a battery breakthrough. Tesla Inc (NASDAQ:TSLA) has sparked a price war in the EV market.

Portfolio Pulse from Upwallstreet

September 26, 2023 | 3:11 pm

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