Detroit Bureau on Twitter

Posts Tagged ‘nissan news’

Nissan Quarterly Income Rises by 36.3 Percent

Improved North American, European sales drives result.

by on Jul.29, 2015

Joji Tagawa, Nissan Motor Co., Ltd. corporate vice president, said the Japanese automaker saw sales rise in North America and Europe during the last quarter.

Nissan Motor Co., Ltd. rode sales gains in North American and Europe to a 17.6% increase in revenue and a 36.3% increase in net income during the first three months of its new fiscal year, which ended June 30.

The Japanese automaker reported net revenue of $23.9 billion (2.90 trillion yen) versus 2.47 trillion yen a year ago. Operating profit was $1.6 billion (193.7 billion yen), up from 122.6 billion yen, a 58% increase. Net income was $1.3 billion (152.8 billion yen) versus 112.1 billion yen in the prior year.

The Leader in Global Automotive News!

“Nissan delivered solid financial results in the first three months of the fiscal year due primarily to strong demand for our core products in North America and Europe,” said Carlos Ghosn, president and chief executive officer. “Given our on-going product offensive, the benefits of our Alliance strategy and continued cost-discipline, Nissan is on track to deliver its full-year financial guidance.” (more…)

European Car Sales Post Biggest Gain in Five Years

June numbers jump 15%.

by on Jul.16, 2015

The Nissan Sway concept at its Geneva Auto Show debut. Nissan is ahead of Toyota in European sales so far this year.

Despite the threat of a Greek banking collapse and a breakup of the Euro Zone, European car sales posted their biggest gain in five years, surging 15% in June.

Marking the region’s 22nd consecutive month of growth, Europe has now seen an 8% rise in sales since the beginning of 2015, though volume is still well off from the industry peak. Nonetheless, the latest upturn is good news for an industry that has lost billions of dollars in the region and struggled with massive excess capacity.

Subscribe for Free!

“This is all good news if this trend continues,” said Carlos Da Silva, an analyst with IHS Automotive, who described the upturn as “robust” and “quite convincing.”

(more…)

Nissan Weighing NISMO Edition Maxima

Making the numbers “pencil” in.

by on Jul.09, 2015

The Nissan Maxima with CEO Carlos Ghosn.

With sales of the all-new Maxima off to a good start, Nissan is weighing options to broaden the sports sedan’s appeal, a senior program executive told TheDetroitBureau.com.

While a coupe or some alternative body style isn’t in the works, Nissan is looking at ways to put even more emphasis on the sport side of the sedan, and one possibility getting serious consideration would be to add the Maxima to the growing list of products getting the NISMO treatment.

http://www.thedetroitbureau.com/about/subscribe

High Performance!

“We’re trying to gauge reaction to the car,” said 2016 Nissan Maxima product planner Vishnu Jayamohan, who confided that “We have our NISMO brand which would be a great outlet for this car.”

(more…)

EVs Going Mainstream, Insists Renault-Nissan’s Ghosn

Exec promises new, extended-range battery cars coming later this year.

by on Jul.07, 2015

Sales of the Nissan Leaf have slowed by about 23% in the U.S. so far this year.

Despite recent struggles in the market, battery-electric vehicles are going “mainstream ,” or so says Carlos Ghosn, CEO of the Renault-Nissan Alliance – which just happens to produce the world’s best-selling EV, the Nissan Leaf.

That optimism might not be shared by everyone. With gas prices in a slump – and expected to dip even further – sales of battery-based vehicles have taken a sharp tumble this year. The Leaf itself was down 23% in the U.S. for the first half of 2013. But in a commentary on LinkedIn, Ghosn suggested the setback is temporary.

Stay Plugged In!

And he predicted demand will get a boost with the launch of longer-range electric vehicles such as the ones Renault-Nissan plans to introduce later this year.

“From the start, we set lofty goals for the LEAF. While we fell short of our initial sales targets, I remain bullish on the future of EVs as they move into the mainstream,” Ghosn wrote.

(more…)

Hybrid, Battery-Car Sales Slumped in First Half of 2015

Demand shifts from small, efficient, to big and powerful.

by on Jul.02, 2015

Honda Civic Hybrid production ended last month.

At the beginning of 2014, when fuel prices seemed headed for new record highs, U.S. shoppers couldn’t drive off fast enough with small cars and alternative-power vehicles, such as the Toyota Prius and Nissan Leaf.

But with fuel costs down by at least $1 a gallon across the country, manufacturers have been struggling to sell those same, high-mileage vehicles. That’s forced them to stack up new incentives on the hood and, in some cases, slash production.

Stay Plugged In!

That poses a challenge for the industry as it faces new fuel economy mandates for 2016 – with even tougher targets phasing in from now until 2025. Even so, automakers show little sign of retreating from the aggressive plans they’ve put in place to introduce new battery-based vehicles and other clean alternatives.

(more…)

Toyota, Nissan and Honda Team up to Create “Hydrogen Society”

Makers pool funds to set up hydrogen fueling stations.

by on Jul.01, 2015

One of the first Japanese hydrogen stations.

In an unusual move, Japan’s three largest automakers have agreed to work tougher to help create what they’re calling a “hydrogen society.”

Toyota Motor Corp. has just launched its new Mirai fuel-cell vehicle, with Honda Motor Co. and Nissan Motor Co. working up similar products. While proponents point out that these vehicles produce no harmful emissions, skeptics note that there are few places for potential buyers to fill their tanks with the lightweight fuel, so the three companies are promising to invest as much as 6 billion yen, or $50 million, to build and support a network of hydrogen filling stations in Japan.

Fill Up!

They have also been supporting plans to create a similar infrastructure in the United States where the only ready supply of hydrogen currently is located in Southern California.

(more…)

Court Approves NYC’s Taxi of Tomorrow Plan

Ruling paves the way for future fleet of Nissan NV200s.

by on Jun.29, 2015

The New York Court of Appeals ruled that New York City can mandate that the NV200 be the city's only option for taxis in the future.

The State of New York’s top appeals court has ruled that New York City can launch an all-Nissan taxi fleet under its $1 billion contract with automaker. The court rejected the Greater New York Taxi Association’s argument that the city exceeded its authority to require a specific vehicle.

The full Court of Appeals unanimously affirmed an appellate court decision that the New York City Taxi and Limousine Commission can require all cab drivers to operate the Nissan NV200 compact cargo vehicle, dubbed the “Taxi of Tomorrow,” when it was selected by the city in 2011 to replace the majority of its taxi fleet, which includes everything from Ford Crown Victoria sedans, Toyota Prius hybrids models and various kinds of minivans.

Subscribe for Free!

The decision to standardize New York’s roughly 15,000 medallion taxi cabs has been resisted up until now by the taxi owners, who pay nearly $1 million for their medallions. The group said that it was disappointed by the ruling, but it was “time to move on,” and that it would not appeal the decision. (more…)

Nissan Packs 600 HP Under Hood of Juke 2.0

Supercar Crossover makes its debut at Goodwood Festival of Speed.

by on Jun.29, 2015

The Juke-R 2.0 picks up the 600-hp Nissan GT-R NISMO powertrain.

To some, it’s one of the coolest cars on the market; to others the goofiest. What’s hard to debate is that the latest update of the Nissan Juke is also the most powerful vehicle in the small crossover market.

The maker took the wraps off what it has dubbed the Juke-R 2.0 at the Goodwood Festival of Speed over the weekend, and this cross between a crossover and a sports car gets a big bump in performance.  First shown at the 2012 Paris Motor Show, the original Nissan Juke-R made a mere 545-hp. For those who want more, the Juke-R 2.0 will churn out an even more crazy 600-hp.

News You Can Trust!

“The JUKE-R 2.0 is a perfect ‘crossover’ of the best bits of Nissan – real innovation showcasing our crossover prowess fused with the excitement of the GT-R supercar engine,” said Gareth Dunsmore, Marketing Communications general manager for Nissan Europe.

(more…)

Japanese Automakers Slide, Koreans Surge in New J.D. Power Initial Quality Study

Japanese brands, as a group, post worst performance in 29 years.

by on Jun.17, 2015

Hyundai has scored major gains in quality with products like the 2015 Tucson, according to Power.

This story contains updated information.

If the latest J.D. Power survey is any indication, you might need to re-think just about everything you thought you knew about automotive quality.

The latest Initial Quality Survey, or IQS, finds that Japanese automakers, on the whole, have suffered a significant slide in the quality charts, with only three brands in the Top 10 this year. But the real shocker might be the surge in Korean quality. Kia, a brand long known for cheap, mediocre products, was second, behind top-ranked Porsche, with Hyundai ranked fourth. Jaguar, also struggling to reverse a reputation for poor quality, was third.

Your Quality News Site!

For the Korean brands, which are caught up in a ferocious battle for market, the survey results represent a measure of vindication.  “We are extremely proud of the results,” said Mike Ofiara, a spokesman for Kia, which finished second in the overall ranking. “We’ve come a very long way. It’s representative of a lot of hard work by a lot of people.”

(more…)

GM, Nissan Find New Life for Old Batteries

Makers developing commercial, consumer applications.

by on Jun.16, 2015

GM is using recycled Volt batteries as a backup power generator for its facility in Milford, Michigan.

What do you do with the used batteries when a vehicle like the Chevrolet Volt or Nissan Leaf are ready to be scrapped? The traditional answers might have been to dump them in a landfill or break them apart for their raw materials, but Nissan and Chevy have come up with some useful alternatives.

In reality, the lithium-ion batteries used by the auto industry usually have quite a bit of life left, even if they no longer store enough energy to propel a vehicle. So, both Nissan and Chevrolet want to put old batteries back to work as stationary backup power sources.

Stay Informed!

“Even after the battery has reached the end of its useful life in a Chevrolet Volt, up to 80% of its storage capacity remains,” noted Pablo Valencia, senior manager of battery lifecycle management for General Motors. “This secondary use application extends its life, while delivering waste reduction and economic benefits on an industrial scale.” (more…)