Demand for Nissan’s Qashqai helps UK sales drive past £5bn April 12, 2024 Based out of its Sunderland factory, Nissan's UK arm has reported its sales increased from £3.6bn in the year to March 31, 2023, while its pre-tax profits went from £35.6m to £31.9m.
Sunak pledges to make Sunderland Britain’s EV ‘Silicon Valley’ as £2bn Nissan investment confirmed November 24, 2023 Prime Minister Rishi Sunak said the investment from Nissan will make Sunderland the UK’s electric vehicle “Silicon Valley”.
Nissan says all new models coming to Europe will be fully electric September 25, 2023 Nissan Motor Co said on Monday that as of now all new models it launches in Europe will be fully electric by the end of the decade.
Nissan accelerates shift to electric vehicles in Europe to meet strict emission regulations February 27, 2023 Nissan is speeding up its shift toward electric vehicles (EVs), especially in Europe where emissions regulations are most stringent, the company said. The Japanese carmaker said in a statement that it will make practically all its offerings in Europe electric or series-hybrids by fiscal 2026, at 98 per cent. That is up from the previous [...]
Nissan profits soar to £832.2m as carmaker takes advantage of weaker yen and cuts sales estimates February 9, 2023 Nissan said its profits had risen by 60 per cent due to a combination of weaker yen and what it called “cost optimisation”. The Japanese car maker has reported a ¥133.1bn (£838.2m) in the three months ended, up from last year’s ¥52.2bn. Revenue also soared by 28.5 per cent to ¥2.2tn, while net income at [...]
McDonalds and Nissan could buy back Russian subsidiaries as it is revealed most Western corps have failed to exit the country January 19, 2023 The vast majority of Western corporations have failed to properly exit Russia, according to research carried out by two Swiss universities. Multinational firms such as including McDonalds and Nissan even have kept an option to buy back their Russian subsidiaries via clauses into their exit contracts; this would let them return to Russia if tensions [...]
Nissan logs £613m hit as Japanese carmaker exits Russia and shuts factory October 11, 2022 Japanese carmaker Nissan has said it plans to sell its Russian operations to its local partner and withdraw from manufacturing there. The company said its executive committee approved the sale to Russia’s Central Research and Development Automobile and Engine Institute (NAMI). The sale includes Nissan’s factory and R&D facilities in St Petersburg and its sales [...]
Nissan confirms full exit from Russia and takes ‘one-off impact’ of £620m loss October 11, 2022 Nissan has announced its full exit from Russia eight months after the invasion of Ukraine, taking a “one-off impact” of around £620m. Signalling its “imminent” departure from the country, the Japanese car giant approved the sale of Nissan Manufacturing Russia’s operations to NAMI, the Central Research and Development Automobile and Engine Institute. Nissan said it [...]
Nissan: 250 jobs are safe despite engine cylinder factory ceasing production August 23, 2022 A Nissan factory in Sunderland is to cease production in 2024 but the company says it does “not expect this to result in job losses”. The car-maker said its engine cylinder factory will close after Renault, its only customer, did not renew a contract to produce the cylinder heads. In a statement to City AM, [...]
‘The new normal’: Nissan says industry needs to live with chip shortages May 12, 2022 The automotive industry needs to live with semiconductor shortages as they have become “the new normal,” according to Nissan. “Semiconductor shortage is a new normal, same as the pandemic, and we have to live with it because this is not going to finish tomorrow morning,” chief operating officer Ashwani Gupta said today. The Japanese automotive [...]