Latest news with #NISSANMotorCo.
Malaysian Reserve
09-07-2025
- Automotive
- Malaysian Reserve
Nissan Motor raises US$1.4b from sale of convertible bonds
NISSAN Motor Co. has raised ¥200 billion ($1.4 billion) from the sale of bonds convertible into stock, according to terms of the deal seen by Bloomberg News, as the ailing Japanese carmaker seeks funds to keep its operations on track. The convertible bonds carry a coupon of 1% a year, payable semiannually, and mature in 2031, the company said in a filing. The instrument has an initial conversion price of ¥397.2, representing a premium of 30% above Nissan's closing share price on Wednesday. The sale, one of Japan's biggest in years, is part of Nissan's broader effort to raise more than ¥1 trillion and revamp the carmaker. Chief Executive Officer Ivan Espinosa, who was appointed earlier this year, is seeking to revamp a carmaker that's got an aging product lineup and is facing a huge loan repayment wall next year. The company plans to use proceeds from the bonds to invest in new products and technologies, it said Monday. Nissan was also planning to issue a total of $4 billion in unsecured dollar- and euro-denominated junk bonds for general corporate purposes including refinancing debt, people familiar with the matter have said. Asian companies have flocked to issue convertible bonds, which offers lower borrowing costs. Recent examples include Ping An Insurance (Group) Co. of China, Chow Tai Fook Jewellery Group Ltd. and Singapore's Grab Holdings Ltd., who each raised more than $1 billion from the sale of such bonds. Property developer Henderson Land Development Co. issued HK$8 billion ($1 billion) in convertible bonds this week. Nissan shares fell 3.2% to ¥305.5 on Wednesday, extending this year's drop to 36%. Bank of America Corp., Citigroup Inc., Mizuho Financial Group Inc., Morgan Stanley and SMBC Nikko Securities Inc. are arranging the Nissan deal. –BLOOMBERG
The Sun
11-06-2025
- Automotive
- The Sun
Nissan showcases next-generation LEAF with behind-the-scenes video series
NISSAN Motor Co., Ltd. has unveiled a behind-the-scenes look at the development of its all-new LEAF electric vehicle through a newly released three-part video series. The short films highlight the vision and work of the teams behind the planning, design, and engineering of what is described as a truly third-generation electric vehicle. Having sold nearly 700,000 units globally since the LEAF's debut in 2010, Nissan has drawn heavily on over a decade of experience and customer feedback in shaping the latest model. Across those years, owners of the pioneering electric vehicle are estimated to have collectively driven close to 28 billion kilometres, providing a rich foundation of data and real-world usage that informed the creation of the next-generation LEAF. Described by Nissan as one of its core 'heartbeat models,' the LEAF remains a symbol of the company's bold innovation strategy. Since its launch as the first mass-market electric vehicle, it has been a global ambassador of Nissan's commitment to doing what others shy away from, combining technological innovation with practical design to redefine what an EV can be. The new LEAF has been developed with a clear goal: to provide a genuine and compelling alternative to internal combustion vehicles. According to Richard Candler, Vice President of Global Product Strategy, the intention was not only to appeal to early adopters but to offer a product with broad, everyday appeal. The design had to strike a careful balance—sleek and emotionally resonant, yet grounded in functionality to suit modern families. Aerodynamic efficiency has been a key focus for the design and engineering teams, who collaborated closely to refine both form and function. The result is a striking, fastback silhouette that achieves a drag coefficient of just 0.26 in markets such as the United States and Japan. European variants, thanks to bespoke wheel and mirror designs, push this figure even lower to 0.25 Cd. This performance is further enhanced by a number of aerodynamic features, including flush-fitting door handles, an active grille shutter, a flat underfloor, and an integrated rear liftback designed to function like an airfoil. Program Design Director Nobutaka Tase explained that every design decision was made with aerodynamics and energy efficiency in mind. He noted that the panoramic glass roof, which features dimming technology, played a crucial role in reducing the vehicle's height by 12 mm at critical points where airflow detaches from the car's body. This subtle adjustment improves aerodynamic performance while maintaining generous interior headroom. The glass roof utilises electrochromic technology, enabling drivers to control the transparency of the panel and manage sunlight without the need for traditional sunshades, which can often compromise interior space. A heat-reflective coating provides further protection, helping to maintain cabin comfort in all seasons. Inside, the adoption of Nissan's CMF-EV platform ensures a spacious, open cabin feel, aided by a flat floor that enhances both comfort and utility for passengers. The result is a bold, forward-looking electric car that does not sacrifice practicality for style. The all-new LEAF is set for a global reveal later this month. Nissan's video series will continue to provide insights into the development of this important model as anticipation builds ahead of its official debut.
The Sun
11-06-2025
- Automotive
- The Sun
Nissan Reveals Next-Gen LEAF with Behind-the-Scenes Videos
NISSAN Motor Co., Ltd. has unveiled a behind-the-scenes look at the development of its all-new LEAF electric vehicle through a newly released three-part video series. The short films highlight the vision and work of the teams behind the planning, design, and engineering of what is described as a truly third-generation electric vehicle. Having sold nearly 700,000 units globally since the LEAF's debut in 2010, Nissan has drawn heavily on over a decade of experience and customer feedback in shaping the latest model. Across those years, owners of the pioneering electric vehicle are estimated to have collectively driven close to 28 billion kilometres, providing a rich foundation of data and real-world usage that informed the creation of the next-generation LEAF. Described by Nissan as one of its core 'heartbeat models,' the LEAF remains a symbol of the company's bold innovation strategy. Since its launch as the first mass-market electric vehicle, it has been a global ambassador of Nissan's commitment to doing what others shy away from, combining technological innovation with practical design to redefine what an EV can be. The new LEAF has been developed with a clear goal: to provide a genuine and compelling alternative to internal combustion vehicles. According to Richard Candler, Vice President of Global Product Strategy, the intention was not only to appeal to early adopters but to offer a product with broad, everyday appeal. The design had to strike a careful balance—sleek and emotionally resonant, yet grounded in functionality to suit modern families. Aerodynamic efficiency has been a key focus for the design and engineering teams, who collaborated closely to refine both form and function. The result is a striking, fastback silhouette that achieves a drag coefficient of just 0.26 in markets such as the United States and Japan. European variants, thanks to bespoke wheel and mirror designs, push this figure even lower to 0.25 Cd. This performance is further enhanced by a number of aerodynamic features, including flush-fitting door handles, an active grille shutter, a flat underfloor, and an integrated rear liftback designed to function like an airfoil. Program Design Director Nobutaka Tase explained that every design decision was made with aerodynamics and energy efficiency in mind. He noted that the panoramic glass roof, which features dimming technology, played a crucial role in reducing the vehicle's height by 12 mm at critical points where airflow detaches from the car's body. This subtle adjustment improves aerodynamic performance while maintaining generous interior headroom. The glass roof utilises electrochromic technology, enabling drivers to control the transparency of the panel and manage sunlight without the need for traditional sunshades, which can often compromise interior space. A heat-reflective coating provides further protection, helping to maintain cabin comfort in all seasons. Inside, the adoption of Nissan's CMF-EV platform ensures a spacious, open cabin feel, aided by a flat floor that enhances both comfort and utility for passengers. The result is a bold, forward-looking electric car that does not sacrifice practicality for style. The all-new LEAF is set for a global reveal later this month. Nissan's video series will continue to provide insights into the development of this important model as anticipation builds ahead of its official debut.
Malaysian Reserve
14-05-2025
- Automotive
- Malaysian Reserve
Nissan shares fall after annual loss, withholding profit outlook
NISSAN Motor Co. shares fell after the Japanese automaker posted an annual net loss of ¥670.9 billion ($4.5 billion) and decided against issuing an operating profit forecast for the current fiscal year. The stock dropped as much as 3.2% in Tokyo on Wednesday, underperforming the broader Topix index. Its pledge to close seven factories and slash 20,000 jobs to cut costs by ¥500 billion failed to allay concerns about the uncertainties over tariff impact. 'We give Nissan high marks for releasing additional restructuring measures early,' Morgan Stanley MUFG Securities Co. analysts including Hiroto Segawa wrote in a note. 'However, the business environment remains highly opaque.' The ailing Japanese automaker has struggled to turn around its business as its aging lineup failed to win over consumers in the US and China. US tariffs also threaten to derail its restructuring efforts, with Nissan expecting to see a ¥450 billion impact from policies. Its shares have tumbled more than 25% this year, compared with a 7% decline in the Topix index's subgauge of auto companies. –BLOOMBERG
