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Posts Tagged ‘nissan news’

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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Nissan GT-R Gets More Power, Updated Design

Biggest change to supercar since 2007.

by on Mar.23, 2016

The 2017 Nissan GT-R retains its familiar profile.

The Nissan GT-R is a perpetual motion machine, always seeming to be on the move, even when parked.

Wherever it’s going, it will get there a little faster next year, the Japanese maker giving the little supercar more power – and some design tweaks for 2017. It’s a welcome send-off considering the GT-R is expected to undergo a complete makeover within the next two years.

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“As the icon of Nissan’s driving performance, the GT-R continues to evolve,” said Mamoru Aoki, executive design director, Global Design Center, Nissan Motor Co., Ltd. “With the signature V-motion grille, the GT-R now possesses the latest Nissan design language. Its exceptional aerodynamic performance and upgraded interior have given the GT-R a more mature character, which will continue into the future.”

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Nissan GT-R Debut Teased Ahead of NY Auto Show

Subtle changes expected as sports car nears the end of its run.

by on Mar.17, 2016

Nissan will launch the GT-R update in NY.

The Nissan GT-R seldom sits still, whether on the track or in the engineering department. And the Japanese automaker appears ready to give the sports car one last tweak before it rolls out an all-new model, likely for 2018.

Known internally as the R35, Nissan is teasing the debut of an updated GT-R ahead of its news conference at the New York International Auto Show next week. Don’t be surprised to see it get a few minor exterior tweaks, as well as a bit more power than the current, 545-hp version.

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Dubbed Godzilla by its fans, the Nissan GT-R is meant to give challenge to a variety of ultra-high-performance competitors, from the Chevrolet Corvette to the Audi R8 and Porsche 911. Like the ‘Vette, the Japanese model has a significant price advantage over its European rivals.

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