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Nissan’s Operating Profits Down for FY17, Favorable Tax Rates Raise Income

Company predicts vehicle sales will rise in 2018.

by on May.14, 2018

Nissan Chief Hiroto Saikawa reported the automaker's earnings for 2017.

Despite a tough environment for the first nine months of its fiscal year, Nissan Motor Co. Ltd rallied to post increases in revenue and net income for 2017 and sales increases in its top three markets: the U.S., China and Japan.

Nissan’s January-March profit was 168.8 billion yen, or $1.5 billion, down from 249 billion yen last year. Quarterly sales fell 0.9% to 3.4 trillion yen, or $31.3 billion.

Global News!

The automaker reported an operating profit of 574.8 billion yen, or $4.9 billion, on net revenues of 11.95 trillion yen, or $109 billion, equivalent to an operating margin of 4.8%. The operating profit was down from 2016 by 22.6% and margins fell 1.5%. (more…)

Japanese Surge Reveals Broader Jump in Auto Imports

Rising numbers from Japan, Mexico, Korea, China challenge Trump 

by on Apr.20, 2018

Demand for the latest version of Nissan's Rogue has contributed to an increase in imports from Japan.

When Toyota and Mazda open a new assembly plant in Alabama in 2021, it will become the latest in a growing array of automotive plants Japanese manufacturers have set up in the U.S. since the mid-1980s – yet despite investing billions in their American operations, Japanese manufacturers have also been increasing exports to the U.S. from their home market factories.

The number of Japanese-made vehicles imported into the U.S. rose almost 10% during the first quarter of 2018. And Japan wasn’t alone.  Auto imports, as a whole have actually been on the rise, whether from Korea, Europe or Mexico, the latter country shipping about 7.5% more vehicles to the U.S. in March than the year before – despite Pres. Donald Trump’s high-profile push to bring more auto production back to the States.

Trade News!

“Japan sends us million and millions of cars, and we tax them virtually not at all. And we don’t send so much product because we have trade barriers and lots of other things,” the president complained during a news conference this week while standing alongside Japanese Prime Minister Shinzo Abe.

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Nissan Aims to Add 8 New EVs, Boost Electrified Vehicle Sales to 1 Mil Annually

Japanese maker also planning 20 autonomous models.

by on Mar.23, 2018

One of the new EVs will be based on the Nissan IMx concept that debuted at the 2017 Tokyo Motor Show.

Already the world’s largest seller of battery-electric vehicles, Nissan is targeting sales of 1 million electrified models by 2022, a five-year, six-fold increase, officials said Friday at the company’s headquarters in Yokohama.

The second-largest of Japan’s automakers also plans to add 20 new autonomous models by 2022, while having all of its vehicles, both under the Nissan and Infiniti brands, equipped with connected car technology.

Plug In - For Free!

“The heart of our strategy in terms of electrification is battery EVs and e-Power technology,” Nissan Chief Planning Officer Philippe Klein told reporters during a media briefing. E-Power is the company’s term for vehicles using gasoline engines to extend range.

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Study Finds Strong Support for Keeping Mileage Rules Among Key Auto Suppliers

EPA expected to announce CAFE revisions by April 1.

by on Mar.22, 2018

The auto industry is waiting anxiously to see if and how the Trump Administration rewrites the current Corporate Average Fuel Economy mandate.

The Environmental Protection Agency is expected to announce revisions to federal mileage rules by April 1, but while a number of automakers are hoping to see a sharp cutback in the standards a new study finds key automotive suppliers hoping the Trump Administration will let the rules stand as they are, ramping up to 54.5 miles per gallon by 2025.

After completing a mandated mid-term review just before leaving office, the Obama Administration decided to maintain that target. But soon after President Donald Trump entered the White House, his EPA chief Scott Pruitt said he would revisit the Corporate Average Fuel Economy mandate, appearing to side with auto industry critics who complained CAFE was set to price many buyers out of the new car market.

Enviro-News!

The debate has led to an unusual split between automakers like Ford and General Motors, who want to roll back the rules, and a number of auto suppliers who support the 54.5 mpg target, according to several reports, including a new study by CALSTART, a California-based consortium aimed at developing clean transportation technologies.

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Nissan Teases All-New Altima Ahead of NY Auto Show

Aging sedan gets a welcome makeover.

by on Mar.08, 2018

Nissan's got a new look its teasing for its Altima sedan. The real thing will be on display at the New York Auto Show.

You have to move fast on the auto show circuit. The press days in Geneva are barely over but manufacturers are already teasing what’s to come at the New York International Auto Show later this month.

We’ve already gotten a first look at Kia’s next-generation K900 and now Nissan is teasing the makeover of its mainstay midsize model, the Altima, which is getting its first real redesign since the start of the 2013 model-year.

Breaking News!

What we see is apparently telling us more than just what the new 2019 Altima will look like however, a note from Nissan explaining that, “This official exterior sketch reveals an expressive, sophisticated all-new Altima and hints at the future of Nissan’s sedan design language.” (more…)

Nissan Set to Reveal All-New Altima at NY Auto Show

Nissan hopes to hang onto midsize buyers in an SUV market.

by on Feb.14, 2018

Nissan is looking to ensure that its Altima midsize sedan continues to attract buyers in the competitive segment.

Midsize sedans. Remember them? In reality, while SUVs and CUVs have been gaining lots of momentum in the U.S. marketplace, the classic family four-door is still a seriously popular alternative, ringing up millions of sales each year.

It helps to have new sheet metal in the market, and last year saw two critical offerings, the completely remade Toyota Camry and Honda Accord – the latter being named North American Car of the Year, with Camry a runner-up. Now, it’s Nissan’s turn to weigh in, and the Japanese automaker has confirmed we’ll get our first look at the 2019 Altima at the New York Auto Show in a little more than a month.

Product News!

Spy shots have been popping up in recent months and they suggest we won’t see any radical shift away from Nissan’s current formula. A brief statement from the second-largest Japanese car manufacturer says that, “New Yorkers have always loved the Altima, making the Northeast region the most popular market for Nissan’s best-selling sedan and NYIAS the ideal place to reveal the next generation.” (more…)

Update: Ghosn Successor Plan Wins Thumbs Up from French Government – But Support Comes with Stiff Price

France demanding Renault formally merge with Japanese ally Nissan.

by on Feb.12, 2018

Renault-Nissan-Mitsubishi Alliance chief Carlos Ghosn will get the man he wants to succeed him when he retires: COO Thierry Bollore.

Carlos Ghosn’s plan to name his successor later this week has cleared a critical hurdle despite creating some turmoil – including the resignation of one of French automaker Renault’s senior board members.

The French government, which owns a major stake in Renault, now says it will accept Ghosn’s plan to appoint Thierry Bollore as the carmaker’s chief operating officer and his heir-apparent. But the government also said that it wants an agreement that Ghosn will push to form an “integrated” company – translation: a merger – with Japan’s Nissan, rather than the current alliance structure. Ghosn has long preferred to see the two companies coordinate efforts but remain independent.

News You Can Trust!

Ghosn, who will turn 64 next month, is expected to be given another four-year contract as chairman, CEO and president of Renault in June, but naming Bollore his successor “is perfectly acceptable to the French shareholder,” according to a source in the government’s finance ministry who spoke to the Reuters news service on Monday. (more…)

Mercedes Dropping Out of Detroit Auto Show in 2019

Auto shows face increasing challenges as automakers look at alternatives.

by on Feb.12, 2018

Daimler CEO Dieter Zetsche and Arnold Schwarzenegger celebrated the debut of the 2019 G-Wagen at this year's Detroit Auto Show..

(This story has been updated.)

Officials with the North American International Auto Show have confirmed that Mercedes-Benz won’t be on hand when the even returns in January 2019, the latest on a growing list of manufacturers who have decided to pull out of the Detroit show.

The news comes as more and more automakers rethink their commitment to both media previews and public says at events like the NAIAS. As TheDetroitBureau.com recently reported, industry planners are looking at alternatives that can more directly target potential buyers while also holding down costs. At shows like the NAIAS it can cost as much as $5 million to stage a 20-minute media preview – even more if the event involves the creation of a one-of-a-kind concept vehicle.

Business News!

“At this time Mercedes-Benz AG will not be exhibiting at the upcoming 2019 North American International Auto Show,” said the German marque in a statement. “Our time in Detroit over the years has been very beneficial for our brand, especially coming off of the world debut of the iconic G-Class. Discussions are underway for future show participation.”

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Turmoil at Renault as Ghosn Preps to Name Successor

Senior board member ousted.

by on Feb.12, 2018

Thierry Bollore, currently chief operating officer of Renault, is CEO Carlos Ghosn's choice to succeed him when he retires.

Carlos Ghosn’s plan to name a successor is touching off turmoil within the board of directors at French automaker Renault, according to reports out of Europe.

Senior board member Thierry Desmarest has resigned, according to the Reuters news service, following the recent resignation of Stefan Mueller, Renault’s chief performance officer. Their departures appears to clear the way for Ghosn to name Thierry Bollore as his chief operating officer and heir apparent.

News Now!

One of the highest-profile executives in the automotive world, Ghosn has taken on a variety of senior positions since he was first assigned to rescue the Japanese side of what became the Renault-Nissan Alliance two decades ago. That includes serving as CEO of both Renault and the Alliance, as well as chief executive of Mitsubishi, which recently became third member of the group. (more…)

Nissan Spending $9.5B to Grow China Sales

New plan designed to leap in front of Ford, Toyota and Honda.

by on Feb.05, 2018

Nissan and Dongfeng are counting on growing sales of its low-cost Venucia brand in China to push Nissan past 2.5 million units by 2022.

Through its alliance with Renault and Mitsubishi, Nissan may be the best-selling vehicle company in the world, but it still lags General Motors and Volkswagen in China. However, it’s got a $9.5 billion plan to change that.

Nissan executives want to raise its sales by more than 1 million vehicles by 2022 through a mix of new entries, including EVs, and growth of its luxury and low-cost indigenous brands, Infiniti and Venucia, respectively.

Global News!

The move comes in what can be considered a weak sales market in China right now. The country’s auto sales stalled in December and ended 2017 up a meager 1.4% compared with a year ago results, according to the China Association of Automobile Manufacturers. Sales in 2016 were up 15% compared to 2015. (more…)