Latest news with #939
TimesLIVE
6 days ago
- Automotive
- TimesLIVE
Nissan to supply cars to Honda in US
Nissan is in talks to supply cars to Honda in the USs, which would let the struggling Japanese carmaker put to use an under-used American plant, the Nikkei newspaper said on Friday without citing sources. The company is considering making Honda pickup trucks at its Canton plant in Mississippi, which turns out models such as the Frontier, the paper said. After Nissan's talks to merge with Honda to form the world's third-largest carmaker fell apart this year, the two said they would keep up an agreement to work together in areas such as electric vehicles. In a statement on Friday, Nissan said it had no additional updates, though it continued to work on projects with Honda. It said it would not comment on speculation. Honda officials were not immediately available for comment. Nissan reported a net loss of $4.5bn (R80,842,442,850) in the financial year that ended in March, and has been badly hit by dwindling sales as it grapples with an ageing vehicle lineup. It faces debt of about ¥700bn (R86,231,939,040) coming due this year and its debt ratings have been cut to junk by all three major credit ratings firms. New CEO Ivan Espinosa has unveiled a sweeping cost-cutting plan that includes closing seven factories worldwide and a cut of 15% in the global workforce. Like other legacy carmakers, Nissan and Honda face rising competition from Chinese players and difficulties stemming from US-Japan trade talks over car tariffs.
Barnama
26-06-2025
- Business
- Barnama
CPO Futures End Lower Amid Weaker Soybean Oil Prices
By K. Naveen Prabu KUALA LUMPUR, June 25 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today, influenced by declining soybean oil prices on the Chicago Board of Trade. Palm oil trader David Ng told Bernama that concerns over rising output also weighed on market sentiment. 'We see support at RM3,850 per tonne and resistance at RM4,080,' he said. Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said CPO futures remained mostly flat to lower in the second half of trading, continuing the subdued performance seen earlier in the day. 'Traders moved cautiously amid the easing of crude oil price risk premiums, following a fragile truce between Israel and Iran. 'Despite solid fundamentals, including higher exports and reduced production, palm futures struggled to gain significant buying momentum as traders remained cautious due to uncertainty in the broader macroeconomic environment,' he said. At the close, the spot-month July contract fell by RM24 to RM3,939 per tonne, August 2025 declined by RM24 to RM3,958 per tonne, and September 2025 dropped RM18 to RM3,965 per tonne. October 2025 slipped RM11 to RM3,969 per tonne, November 2025 eased RM6 to RM3,978 per tonne, and December 2025 decreased RM2 to RM3,994 per tonne.
