Latest news with #YUICHISHIGA
Nikkei Asia
6 hours ago
- Automotive
- Nikkei Asia
Mitsubishi Motors' Q1 profit plummets as Trump tariffs bite
Mitsubishi Motors says its April-June profit fell partly because of a 14.4 billion yen U.S. tariff impact. (Photo by Yuki Nakao) YUICHI SHIGA TOKYO -- Mitsubishi Motors on Thursday announced an 84% year-on-year decline in its first-quarter operating profit, a sign of the "unprecedentedly challenging conditions" that followed U.S. President Donald Trump's imposition of a 25% tariff on cars in April. The Japanese automaker's operating profit fell to 5.6 billion yen ($35.5 million) in the April-June quarter, in part because of a 14.4 billion yen tariff impact. The company does not have a car assembly plant in the U.S., making it reliant on foreign production bases for sales in that market.
Nikkei Asia
15-07-2025
- Automotive
- Nikkei Asia
Nissan to cease vehicle production at flagship plant in Japan
Nissan's Oppama Plant in Yokosuka, Kanagawa prefecture. The Japanese automaker says the site will cease vehicle production by March 2028. (Photo by Satoko Kawasaki) YUICHI SHIGA TOKYO -- Japanese automobile manufacturer Nissan Motor announced on Tuesday that it will discontinue vehicle production at its flagship Oppama plant by March 2028, in a move that its CEO described as both essential and a cause of "significant pain". Both current and future models scheduled for production at Oppama will be produced at Nissan Motor Kyushu in Fukuoka prefecture in western Japan, as part of the company's restructuring efforts.
Nikkei Asia
15-07-2025
- Automotive
- Nikkei Asia
Nissan to cease vehicle production at Oppama plant in Japan
Nissan's Oppama Plant in Yokosuka, Kanagawa prefecture. The Japanese automaker says it will cease vehicle production by March 2028. (Photo by Satoko Kawasaki) YUICHI SHIGA TOKYO -- Japanese automobile manufacturer Nissan Motor announced on Tuesday that it will discontinue vehicle production at its Oppama plant by March 2028 as part of its restructuring efforts. Both current and future models scheduled for production at Oppama will be produced at Nissan Motor Kyushu in Fukuoka prefecture in western Japan.
Nikkei Asia
15-07-2025
- Automotive
- Nikkei Asia
Nissan to cease vehicle production at its Oppama plant in Japan
Nissan's Oppama Plant in Yokosuka, Kanagawa prefecture (Photo by Satoko Kawasaki) YUICHI SHIGA TOKYO -- Japanese automobile manufacturer Nissan Motor announced on Tuesday that it will discontinue vehicle production at its Oppama plant at the end of the fiscal year ending March 2028 as part of restructuring efforts. Both current and future models scheduled for production at Oppana will be produced at Nissan Motor Kyushu in Fukuoka prefecture in western Japan. The Oppana plant is located in Kanagawa prefecture, south of Tokyo.
Nikkei Asia
11-07-2025
- Automotive
- Nikkei Asia
Nissan says $5.9bn bond offering is oversubscribed
A Nissan logo: The Japanese automaker has issued $5.9 billion of bonds to refinance maturing debt and invest in electrification and software. (Photo by Yutaka Miyaguchi) YUICHI SHIGA TOKYO -- Japanese auto maker Nissan Motor has raised a total of 860 billion yen ($5.9 billion) from the sale of bonds to finance the redemption of maturing debt and invest in new technologies, including electrification and software. The transaction is part of a broader effort by the company to strengthen its finances and turn around its business performance, as it embarks on a restructuring plan called Re:Nissan.
