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Nissan Shuffles Senior Management

Changes designed to support “Power 88” midterm plan.

by on Jun.27, 2016

David Reuter takes on newly formed post of Vice President, Global Communications Operations for Nissan Motor Ltd.

Nissan is reshuffling it senior management in North America designed to support the company’s “Power 88” midterm business plan.

This plan, according to the automaker, includes the launch of 14 new or “significantly refreshed cars, trucks, crossovers and SUVs to meet growing customer demand.” Nissan’s market share in the U.S. has been on the rise for much of the last decade and execution of introduction of these new vehicles is critical to that continued growth.

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“These leadership appointments in key business functions will ensure Nissan is well positioned to accelerate our growth, especially with new and exciting products like Titan and Armada,” said José Muñoz, executive vice president, Nissan Motor Co., Ltd. (NML) and chairman, NNA. (more…)

Nissan Takes Novel Approach to Hydrogen Fuel-Cell Power

Maker’s use of ethanol could overcome infrastructure issue.

by on Jun.15, 2016

The hardware side of the Nissan e-Bio Fuel-Cell.

After all but falling off the radar as the spotlight shifted to battery power, fuel-cell technology is suddenly drawing attention again. Hyundai, Toyota and Honda will all be marketing hydrogen cars this year, and a Mercedes-Benz model is set to follow in 2017.

But those and other fuel-cell vehicles in the works will be offered in only limited areas due to the limited availability of hydrogen pumps, an issue that could take decades to resolve. Or maybe not. Nissan has revealed it is taking a novel approach to fuel-cell design that could sidestep the infrastructural challenge.

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According to a report on a Nissan blog, the maker is developing a fuel-cell vehicle, or FCV, that uses ethanol as the source for its hydrogen. The form of alcohol found in beer, wine and liquor, ethanol can be sourced from corn and other crops, rather than using hydrocarbons.

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GM Halts Sales of Three Large SUVs to Correct Mileage Numbers

Nissan accused of manipulating mileage.

by on May.16, 2016

GM's put a stop-sale order on its 2016 large crossovers due to incorrect mileage figures on the window sticker.

Mitsubishi isn’t the only automaker facing trouble for misstating its fuel economy numbers. General Motors is facing its own mpg problems, while Nissan is being accused of manipulating emissions tests.

GM has told dealers across the U.S. to halt sales of some of its most popular models, in fact, after discovering it had overstated fuel economy numbers on those vehicles’ windows stickers by as much as two miles per gallon. It will need to replace the stickers before they can go back on sale.

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“GM discovered an inadvertent error which affected the fuel economy information on the fuel economy labels on the 2016 model-year Acadia, Enclave and Traverse,” the maker said in a statement. “GM is stopping sale of the affected models until a corrected label is printed and affixed.” (more…)

Nissan Reports FY 2015 Profit Jump of 34.6%

Automaker expresses cautious optimism for 2016.

by on May.12, 2016

CEO Carlos Ghosn outlines Nissan's financial results for FY 2015: profits were up 34.6% last year.

Nissan’s takeover of Mitsubishi, in some measure, reflects the company’s successful 2015: Nissan Motors reported revenue of $101.4 billion and an operating profit of $6.6 billion … in short, it had the cash to make the deal happen.

Those figures represent increases of 7.2% and 34.6% respectively. The company earned a 6.5% margin on those earnings and net income of $4.4 billion. Globally, Nissan sold 5.42 million vehicles in the period, a 2% rise year-on-year.

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“These solid results reflect the success of our continuing product offensive, particularly in the North American market,” said Carlos Ghosn, president and chief executive officer. (more…)

Nissan Confirms Plan to Buy 34% of Scandal-Plagued Mitsubishi

Fire sale will give it control over smaller maker.

by on May.12, 2016

A "win-win," says Nissan CEO Carlos Ghosn - who also promises Mitsubishi "will change."

Nissan Motor Co. will take a controlling 34% stake in troubled Mitsubishi Motors for $2.2 billion, the two automakers confirmed on Thursday morning, something Nissan CEO Carlos Ghosn described as a “win-win” for both companies.

The announcement came on the same day the larger of the two makers announced that its earnings for the January-March period, the final quarter in its fiscal year, had dropped by 40%, largely due to weak sales and a strong yen.

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The decision to acquire a stake in Mitsubishi comes as the smaller maker continues to reveal damaging information about a secret effort to inflate its fuel economy numbers for as much as a quarter century. That scandal — ironically, triggered by concerns at Nissan over the mileage of cars it sells that are produced by Mitsubishi – have hammered the small maker’s sales and led to a more than 40% dip in its share price over the past month.

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Nissan May Use MPG Scandal to Take Control of Mitsubishi

Japanese news reports say Japan’s 2nd-largest maker wants major stake in rival.

by on May.12, 2016

Could Nissan Chief Executive Officer Carlos Ghosn be the next leader of Mitsubishi?

Japan’s second-largest automaker, Nissan Motors, may seek a major stake in embattled Mitsubishi Motors, using the smaller maker’s fuel economy cheating scandal as a way to take control at a bargain price.

Reports by Japanese broadcaster NHK and others indicate Nissan is in talks to take a one-third stake for about $1.8 billion. The share price of Mitsubishi has fallen by nearly half during the past month, in the wake of initial reports that the ninth-largest Japanese automaker inflated the fuel economy numbers of four vehicles it produced for the home market. Two of those were sold by Nissan.

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On Wednesday, senior officials released results of a preliminary internal report noting that fuel economy “was improperly calculated in nine other models currently sold in Japan, as well as in other models no longer sold in Japan.” (more…)

Nissan Recalling 3.5 Million Vehicles to Fix Faulty Airbag Sensors

Most models sold in the US.

by on May.02, 2016

The Nissan Leaf is among the vehicles affected by the new airbag recall.

Nissan plans to recall 3.5 million vehicles sold around the world to fix sensors that could cause a car’s airbags to fail to deploy in the event of a crash.

The recall covers a number of Nissan and Infiniti cars, trucks and crossover vehicles, including the Altima sedan, Leaf battery car and NV200 commercial van.

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The recall is the fourth to attempt to address the problem with so-called “smart” airbag sensors. It is separate from recalls triggered by faulty Takata airbag inflators, an issue that has so far plagued 14 different automotive manufacturers.

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Tesla Costs Likely to Rise as Incentives End

Few, if any Model 3 buyers will qualify for $7,500 tax credit.

by on Apr.06, 2016

Tesla buyers may no longer qualify for federal tax credits by the time the Model 3 reaches showrooms.

When the Tesla Model 3 finally goes into production, in late 2017 or early 2018, buyers might be in for an unpleasantly costly surprise – one that fall particularly hard on customers who were hoping to get that new battery sedan at a relatively affordable price.

American motorists buying the carmaker’s two current products, the Models S and X, stand to receive federal tax credits of $7,500. Industry analysts say that incentive has helped draw many buyers into the battery-car market. But under federal guidelines, those givebacks might be gone before the first Tesla Model 3 hits the road.

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When Congress passed the measure aimed at spurring demand for battery-based vehicles – including both plug-in hybrids and pure battery-electric vehicles, or PHEVs and BEVs – lawmakers set a cap on those incentives, limiting them to just the first 200,000 vehicles sold by a particular automaker.

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Nissan Unleashes Titan Pickup Truck in New York

"Standard" truck follows in footsteps of Titan XD.

by on Mar.24, 2016

The standard Titan is powered by a 5.6-liter V8 engine, and offers rear and all-wheel-drive.

Nissan continues to broaden its efforts to expand its footprint in the lucrative American truck market by unveiling the 2017 Nissan Titan at the New York International Auto Show.

After hitting bottom during the 2008 2009 recession, truck sales have steadily climbed and General Motors, Ford and Fiat Chrysler have earned profits from their truck lines and Nissan, as well as Toyota, have taken up the challenge over the past new offerings.

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The Titan XD, Nissan’s answer to the heavy-duty pickup trucks sold by the domestic companies.  Prices for the gasoline version will start at $35,290 plus the $895 transportation charges.   (more…)

Nissan and Renault Set to Launch 10 Autonomous Vehicles by 2020

“The future is not clear,” says CEO Ghosn.

by on Mar.24, 2016

“This is not a time to be conservative or cautious,” said Renault-Nissan CEO Carlos Ghosn in NY.

Already the world’s number one producer of battery-electric vehicles, Japan’s Nissan and its French alliance partner Renault intend to become the leader in autonomous driving, as well – CEO Carlos Ghosn telling a New York International Auto Show audience the partners intend to offer 10 vehicles with “significant autonomous drive functionality” by 2020.

According to Ghosn, the Renault-Nissan Alliance will begin to roll out increasingly advanced version of its technology over the next four years, starting with cars capable of operating hands-free in a single lane on limited-access highways. The next step will allow vehicles to pass and change lanes, with the alliance’s first, fully autonomous car set to go into production by 2020.

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“This is not a time to be conservative or cautious” about changing technology, said Ghosn, who added that traditional automakers face a series of potential challenges, some posed by an assortment of outside tech companies like Google and Apple.

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