Latest news with #NSANY
Yahoo
11-07-2025
- Automotive
- Yahoo
Nissan Halts US Production for Canada Amid Rising Tariff Row
Nissan Motor Co., Ltd. NSANY has temporarily halted production of three vehicle models in the United States destined for the Canadian market due to escalating trade tensions between the two countries, per Reuters. The Japanese automaker stopped assembling the Pathfinder and Murano SUVs in Tennessee and the Frontier pickup in Mississippi for Canadian export. Although Nissan did not disclose the exact timing or expected duration of the suspension, it described the move as production pause, first reported by Japan's Nikkei, comes in response to a tariff dispute triggered by the Trump administration's 25% tax on auto imports introduced in April. Canada responded with its tariffs on American-made vehicles. The trade restrictions disrupted cross-border vehicle shipments and prompted manufacturers like Nissan and Mazda to adjust their production confirmed that the affected models had previously been built in the United States and exported to Canada, but the new tariffs have made this economically unviable for now. As a result, production for the Canadian market has been put on hold indefinitely. Similarly, Mazda ceased production for Canada at its Alabama plant in May and shifted its focus to the U.S. of Nissan's Canadian sales, about 80%, come from vehicles produced in Mexico and Japan, such as the Versa, Sentra and Rogue. The company sold approximately 104,000 vehicles in Canada last fiscal year, which represents just 3% of its global remains uncertain whether future U.S.-Canada trade talks will ease the tariff situation or if other automakers will take similar steps. The impact on Canadian dealers and vehicle availability is still is facing broader financial stress. Amid declining sales and an aging lineup, the company has reportedly asked some suppliers to postpone payments to help improve cash flow. Though Canada represents a relatively small portion of Nissan's global business, the disruption highlights the deeper financial and operational challenges it faces. The automaker reported a net loss of $4.5 billion in the fiscal year ending March and is dealing with nearly $4.8 billion in debt due this year. NSANY carries a Zacks Rank #4 (Sell) at better-ranked stocks in the auto space are Strattec Security Corporation STRT, Aisin Corporation ASEKY and Westport Fuel Systems Inc. WPRT. While STRT and ASEKY sport a Zacks Rank #1 (Strong Buy) each at present, WPRT carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for STRT's fiscal 2025 sales and earnings implies year-over-year growth of 3.49% and 8.11%, respectively. EPS estimates for fiscal 2025 and 2026 have improved 73 cents and 91 cents, respectively, in the past 60 Zacks Consensus Estimate for ASEKY's fiscal 2026 sales and earnings implies year-over-year growth of 6.3% and 62.22%, respectively. EPS estimates for fiscal 2026 and 2027 have improved 34 cents and 47 cents, respectively, in the past 60 days. The Zacks Consensus Estimate for WPRT's 2025 earnings implies year-over-year growth of 40.93%. EPS estimates for 2025 and 2026 have improved 44 cents and 23 cents, respectively, in the past 60 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nissan Motor Co. (NSANY) : Free Stock Analysis Report Westport Fuel Systems Inc. (WPRT) : Free Stock Analysis Report Strattec Security Corporation (STRT) : Free Stock Analysis Report Aisin Seiki Co. Ltd. Unsponsored ADR (ASEKY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
07-07-2025
- Automotive
- Business Insider
Nissan discusses with Foxconn for EV collab to save Oppama plant, Reuters says
Nissan (NSANY) is holding talks with Foxconn over an EV collaboration that could save its Oppama plant in Japan from closure, Reuters reports, citing Nikkei business daily. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Business Insider
03-07-2025
- Automotive
- Business Insider
'Crisis Mode': Nissan Stock (OTHEROTC:NSANY) Notches Up Despite Recall, Supply Chain Problems
It has not been, strictly speaking, a good year so far for automaker Nissan (NSANY). And today brought plenty more bad news. Some serious supply chain issues are firing up in the background, and just to put the poisoned cherry on this already noxious sundae, a major recall notice emerged. But investors took it all in stride, and gave Nissan shares a fractional boost in Wednesday afternoon's trading. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Give Nissan its due credit; things may be bad therein, but it is trying, almost frantically, to turn things around. Reports note that Nissan has already started job cuts, planning to take 20,000 jobs out of the equation going forward. That proved to be decimation and then some; about 15% of the global workforce is poised to be turned out. But the situation got, perhaps, more dire from there. Nissan is also looking to its suppliers to save a few bucks and buy it some breathing room. Nissan is actively asking suppliers to wait for their payments, which would free up some cash and spread out the payments a bit more. Reports note that Nissan suppliers are offered the choice to '…be paid immediately or opt for a later payment.' Apparently, Nissan has 'incentivized' some European suppliers to take more flexible payment terms at no extra cost. Reports suggest that Nissan offered the suppliers willing to wait a higher interest rate on their payments. Then The Recall Hit If that sounds like a problem solved by the skin of Nissan's strictly metaphorical teeth, the next problem is much more pronounced. Nissan, reports note, will be recalling 443,899 vehicles in the United States over—and brace yourself for this—an engine failure. Several models of Nissan are involved, including the Altima, the Infiniti QX50, the Infiniti QX55, and the Rogue. Reports note that the vehicles' engine bearings may have 'manufacturing defects' which can result in a loss of power, and naturally, increase the risk of a crash. Those impacted by the recall will return vehicles to dealerships, where the oil pan will be inspected for metal debris. If debris is found, the engine will be repaired or replaced outright at no charge. A separate procedure will be followed for vehicles with three-cylinder 1.5-liter VC-Turbo engines. Is Nissan Stock a Buy or Sell? Turning to Wall Street, analysts have a Moderate Sell consensus rating on NSANY stock based on one Sell assigned in the past three months by Bernstein analyst Masahiro Akita, as indicated by the graphic below. Nissan has seen a 30.82% loss in its share price over the past year, but Akita has no price target on NSANY stock, so there is no average price target to consider.
Yahoo
02-07-2025
- Automotive
- Yahoo
Renault to Post $11B Losses After Nissan Stake Revaluation
Renault SA RNLSY has announced that it will recognize losses of $11 billion in the first half of 2025 to clearly reflect its current stake in Nissan Motor NSANY. France-based automaker Renault currently owns 35.7% of Nissan, with 17.05% held directly and the remainder through a trust. As Nissan has been struggling with declining sales, outdated product lines and Trump's tariff policies, Renault has gradually loosened ties. As Renault's valuation of its investment in the Japanese automaker was well above its share price, it has now decided to reflect the value of holding directly in equity based on Nissan's share price. Following Nissan's inability to recover from the crisis sparked by the 2018 removal and arrest of former chairman Carlos Ghosn, combined with recent struggles due to the emergence of electric vehicles, Renault has been lowering its stakes after two long decades of partnership. Renault now partners with Nissan only in specific projects instead of large integrations. Nissan's reported loss of $4.5 billion for the financial year ending March and its suspended forecast for the current year also raise concerns. The adoption of a new accounting method, although it results in a significant non-cash loss, will benefit Renault by reducing volatility in its earnings without causing fluctuations in full-year guidance or dividend payouts. Renault will delay its payments to suppliers as it has to free up short-term funds. Nissan continues to navigate its way through existing pressures while also being on the lookout for a new CEO. Meanwhile, the strategic and operational commitments between the Renault Group and Nissan will remain the same. Shares of RNLSY and NSANY have slumped 9.6% and 30.7%, respectively, over the past year compared with the industry's 16.3% decline. Image Source: Zacks Investment Research RNLSY and NSANY currently carry a Zacks Rank #3 (Hold). A few better-ranked stocks in the auto space are Ferrari N.V. RACE and Luminar Technologies LAZR. While RACE currently sports a Zacks Rank #1 (Strong Buy), LAZR carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for RACE's current-year earnings is pegged at $9.89 per share, indicating a 7.97% year-over-year earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 10.75%. RACE's shares have gained 18.1% in the past year. The Zacks Consensus Estimate for Luminar's 2025 loss is pegged at $4.29 per share, indicating an improvement of 53.57% from year-ago levels. The company's earnings beat the consensus estimate in each of the trailing four quarters, with an average surprise of 11.79%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nissan Motor Co. (NSANY) : Free Stock Analysis Report Ferrari N.V. (RACE) : Free Stock Analysis Report RENAULT (RNLSY) : Free Stock Analysis Report Luminar Technologies, Inc. (LAZR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-06-2025
- Automotive
- Yahoo
Nissan Considers Stake Reduction in Renault to Fund New Investments
Nissan Motor Co., Ltd. NSANY plans to reduce its ownership stake in its long-standing French partner Renault SA RNLSY to allocate more resources toward the development of new vehicles. Per Nikkei, Nissan's partnership with Renault would remain strong, even as they lessen their financial and governance two automakers, partners for more than 20 years, have updated their alliance agreement, which allows them to decrease their mutual shareholdings from 15% to 10% to grant each company greater operational flexibility. Per the agreement, any stake sale must be coordinated with the other party and include a right of first refusal. Per Reuters, if Nissan sells a 5% stake in Renault, it could raise around ¥100 billion at the current market value. Nissan currently holds a 15% share in Renault, based on LSEG on the other hand, has been gradually reducing its stake in Nissan, held in a French trust, since 2023, following a restructuring of their alliance to ensure a more balanced equity relationship. Per Nissan, if it proceeds with a share sale, the capital raised would primarily support new product development. However, no final decision has been made taking over as CEO in April, Ivan Espinosa has introduced a strategic plan titled 'Re:Nissan,' which outlines a goal to cut 20,000 jobs and reduce the company's global assembly plants from 17 to 10 by March 2028. This restructuring comes in the wake of a net loss of ¥670.8 billion for the fiscal year ending March is also planning to raise up to ¥1 trillion through a mix of corporate bond issuance and asset sales to meet upcoming bond repayments and cover restructuring costs. Nissan carries a Zacks Rank #3 (Hold) at better-ranked stocks in the auto space are CarGurus, Inc. CARG and Michelin MGDDY, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for CARG's 2025 sales and earnings implies year-over-year growth of 4.96% and 25%, respectively. EPS estimates for 2025 and 2026 have improved 30 cents and 44 cents, respectively, in the past 60 Zacks Consensus Estimate for MGDDY's 2025 sales and earnings implies year-over-year growth of 1.69% and 37.76%, respectively. EPS estimates for 2025 have improved by a penny in the past 30 days. EPS estimates for 2026 have improved by 3 cents in the past seven days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nissan Motor Co. (NSANY) : Free Stock Analysis Report RENAULT (RNLSY) : Free Stock Analysis Report Michelin (MGDDY) : Free Stock Analysis Report CarGurus, Inc. (CARG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
