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Posts Tagged ‘Carlos Ghosn’

Nissan Needs More US Capacity, New Factory Could be in the Works

Slow March sales not like to trigger rebate war, says CEO Ghosn, who expects makers to accelerate use of new safety technology.

by on Apr.02, 2015

Carlos Ghosn said in New York today that strong U.S. sales present Nissan with a capacity problem and the maker may need a new plant.

March brought disappointing car sales for most manufacturers, but the recovery of the U.S. market hasn’t topped out, said Carlos Ghosn, CEO of the Renault-Nissan Alliance, during a NY Auto Show media roundtable. In fact, the market is strong enough to keep the Nissan brand on track to hitting a targeted 10% market share, Ghosn said.

That goal actually poses a problem for the Japanese maker, making it increasingly difficult to roll out enough vehicles from its network of North American assembly plants.

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“Without a doubt,” said Ghosn, “we are going to need more capacity in North America.” The question is whether that will come from a new assembly plant or by finding ways to boost capacity at existing facilities, such as the core factory in Smyrna, Tennessee. (more…)

Ghosn Aims to Make Renault-Nissan Alliance World’s Third-Largest Automaker

Exec sees opportunity in uncertainty.

by on Mar.04, 2015

Nissan-Renault's Carlos Ghosn said he expects his company to be the third-largest automaker in the world by 2018: supplanting GM.

No one ever accused Carlos Ghosn of lacking ambition. Ever since signing up as CEO of Nissan, and then adding its alliance partner Renault to his responsibilities, the Brazilian-born executive has been driving relentlessly to boost sales, share and profits.

And in a series of appearances at this year’s Geneva Motor Show, Ghosn laid out his most ambitious target yet. Currently fourth in the global market, he proclaimed the Renault-Nissan Alliance will become the world’s third-largest automotive group by 2018. That should have General Motors looking anxiously over its corporate shoulder, even as Toyota and Volkswagen AG fight it out for the top sales spot.

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At a roundtable appearance late during the first day of Geneva media previews, Ghosn admitted there are plenty of hurdles for both the auto industry and for Renault-Nissan itself. The European recovery has begun, albeit slowly, in part due to the drag of the slumping Russian market. But even there, Ghosn sees an upside, the “opportunity to gain marketshare” because of the Alliance’s strong manufacturing base in the heart of the former Soviet Union. (more…)

Earnings Up, Nissan Raises Forecast

Strong North American sales, weak yen provide “positive momentum.”

by on Feb.09, 2015

CEO Ghosn raises Nissan's full-year earnings forecast.

Crediting improved sales, cost-cutting and a weak yen, Nissan is reporting a 21% jump in its quarterly profits, while also increasing its earnings estimate for the full fiscal year.

The second-largest of the Japanese makers earned 101.8 billion yen for the October to December quarter, or $856 million. That was significantly better than the 83 billion yen, or 697 million consensus forecast, according to FactSet.

“Nissan delivered solid financial results in the first nine months of the fiscal year, reflecting rising U.S. sales of our latest models and a normalizing yen-dollar exchange rate,” said the maker’s President and CEO Carlos Ghosn, in a statement.

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Crediting “positive momentum” in sales, as well as a weak yen, Ghosn upped the full-year forecast for Nissan to 420 billion yen, or $3.5 billion, which would be an 8% annual increase. Nissan had originally expected to earn 405 billion yen, or $3.4 billion, for the fiscal year which ends on March 31.

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Daimler Alliance with Renault-Nissan Set to Double in Size

“Corporate friends with benefits.”

by on Oct.03, 2014

Everyone is all smiles after the latest installment of the "Carlos-and-Dieter Show" at the Paris Motor Show.

The 5-year-old alliance between Daimler AG and Renault-Nissan is set to double in size during the next six years, top officials predicted during a news conference at the Paris Motor Show.

The partners have already entered into a variety of joint ventures, including the development of several new microcars and the production of new gasoline and diesel engines. They will begin work on a new, shared assembly plant in Mexico next year, a facility that will eventually produce new compact luxury cars for both Daimler’s Mercedes-Benz brand and Nissan’s upscale marque Infiniti.

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Appearing together for what has become an annual update they call the “Carlos-and-Dieter Show,” Daimler Chairman and CEO Dieter Zetsche and Renault-Nissan Alliance CEO Carlos Ghosn said they now have 12 different ventures going, up from the original three, and that is only likely to grow. (more…)

Nissan Charged Up about Battery Rumors

Maker denies any changes to powerplant program.

by on Sep.19, 2014

Nissan denied reports that it is considering cutting back on its EV-related production that has been a key component of CEO Carlos Ghosn's tenure.

Nissan officials dismissed speculation that it was preparing to scale back production at its battery plan in Smyrna, Tennessee.

Nissan spokesman Travis Parman said in an e-mail the company have no plans to make any changes in its ambitious electric vehicle program. The program has been a signature initiative of Carlos Ghosn, the chief executive at both Renault and Nissan.

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“The Renault-Nissan Alliance remains 100% committed to its industry-leading EV program. This global commitment continues for the foreseeable future, and we have not taken any decision whatsoever to modify battery sourcing allocation,” Parman wrote. (more…)

Nissan Earnings Surge 37% on Weak Yen, Strong Sales

Net profit significantly beats analysts’ forecasts.

by on Jul.28, 2014

The Nissan Sentra has helped drive strong demand for the maker, especially in the U.S. market.

Nissan saw a big surge in earnings for the latest quarter, with analysts crediting both strong sales in China and the U.S., as well as a boost from favorable exchange rates.

The second-largest Japanese maker reported a net profit of 112 billion yen, or $1.1 billion, a 37% year-over-year increase from 82 billion. The figures far and away exceeded analysts’ consensus forecast of 85 billion yen, or $835 million, according to data gathered by FactSet.

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“Nissan continued to make progress in the first three months of the fiscal year as encouraging demand for new products, benefits from recent plant investments, and improving market conditions in North America, China and Europe combined to lift both revenues and profits,” said Nissan President and CEO Carlos Ghosn.

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Nissan Won’t Wait for 2020 to Begin Rolling Out Autonomous Technologies, Says Ghosn

New study forecasts annual sales of 95 mil self-driving cars by 2035.

by on Jul.17, 2014

A prototype Nissan Leaf autonomous vehicle negotiates traffic at a simulated urban intersection.

Betting on huge demand from motorists in the world’s increasingly crowded mega-cities, Nissan CEO Carlos Ghosn has laid out an aggressive timetable for bringing the maker’s autonomous vehicles to market.

Even before the first of those self-driving cars goes on sale in 2020, said Ghosn, Nissan will launch new technologies, such as automated lane controls and highway traffic management systems that will begin to supplement the driver behind the wheel.

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We're Not on Autopilot!

Nissan is aiming to take the lead in the development of autonomous technologies but is likely to face a battle as other automakers enter the field – as well as tech giant Google which will begin launching field tests this year of a new prototype self-driving vehicle it has developed. The race could find a willing public, according to a new study by Navigant Research forecasting annual sales of autonomous vehicles could reach 95 million by 2035.

“By the end of 2016, Nissan will make available the next two technologies under its autonomous drive strategy,” said Mr. Ghosn.

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Nissan, Daimler Power up their Growing Alliance

New Infiniti plant will also provide engines for Mercedes C-Class.

by on Jun.13, 2014

Infiniti's new Decherd plant will eventually have capacity to produce 250,000 engines annually.

The growing, three-way alliance between Nissan, Renault and Daimler is about to take a critical next step with opening later this month of an engine plant in Decherd, Tennessee.

Officially known as the Infiniti Decherd Powertrain Plant, the facility will serve not only the Nissan luxury brand but also provide engines for the Mercedes-Benz assembly line in Tuscaloosa, Alabama.

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The three makers first agreed to work together in 2010, announcing a variety of projects that included joint vehicle development and a powertrain swap – the latter leading to the Decherd program. The factory will initially produce a turbocharged 2.0-liter inline-four that will be used in European versions of the Infiniti Q50 and the Mercedes-Benz C-Class.

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Strong Sales, Weak Yen Drive Up Nissan Earnings

China, Japan see strong surge in demand.

by on Feb.10, 2014

Strong demand for the Altima boosted U.S. sales.

Surging global sales, along with a weak Japanese yen, helped Nissan Motor Co. deliver a 57% increase in profits for the final quarter of 2013.

The second-largest Japanese maker earned 84.3 billion yen, or $823 million, for the October-December quarter, up from 53.8 billion yen the year before – but a fraction of the 525.4 billion yen, or $5.2 billion, in earnings announced by the industry giant Toyota Motor Co. last weak.

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Both makers, along with Japan’s third-largest automotive manufacturer Honda, have benefited significantly from last year’s plunge in the yen which averaged around 80 to the U.S. dollar during the final months of 2013, down from around 100 a year before.

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Toyota Takes Leap of Faith with 2015 Introduction of FCV

Production costs, infrastructure limitations bring out skeptics.

by on Dec.12, 2013

The Toyota FCV is already facing competition from Hyundai's fuel cell-powered Tucson.

Many immediately think of battery electrics when the topic of zero-emission vehicles crops up, further proving that fuel cell electric vehicles are the oft-forgotten stepchild of the segment; however, Toyota is confident it can turn the tide on fuel cells.

Confident enough that one of its top executives, Soichiro Okudaira, chief officer of research and development, recently predicted that FCEVs will “just one alternative of the eco cars” someday, according to a story in Automotive News.

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Actually, he predicted it would happen in 10 to 15 years which is when the pricing will come down to levels palatable to consumers. However, in the interim, Toyota believes there is a market for fuel cell-powered cars, despite it’s “too high for the mainstream” price. (more…)