TOKYO — Japan’s struggling Nissan is considering raising more than 1 trillion yen ($7 billion) from debt and asset sales, which would include a syndicated loan guaranteed by the UK government, Bloomberg News said on Wednesday. FUNDRAISING Cars are pictured on display at the headquarters building for Japanese automaker Nissan in Yokohama on May 13,…
Wayve Technologies, a U.K.-based artificial intelligence startup backed by SoftBank, has tapped Japan as the next location in its global expansion. On Tuesday, it announced the opening of a test center in Yokohama, making Japan its fourth market after the U.K., U.S. and Germany as it looks to work with major carmakers in developing AI-driven…
Major Japanese automobile company Nissan is considering moving some of its production to the U.S., according to a new report, in what could be one of the first indicators for President Donald Trump that his sweeping tariffs may have the impact the White House intends. Why It Matters The White House placed a 25-percent tariff…
Nissan shares rose 11% on Friday after reports emerged that a Japanese group, including former Prime Minister Yoshihide Suga, plans to approach Tesla for a potential investment in the automaker. The proposal follows the failure of Nissan’s merger talks with its rival Honda, seen as a bid to catch up with Tesla and Chinese companies…
Photo: BING-JHEN HONG (Getty Images) The escalating chip war between the U.S. and China, compounded by a series of retaliatory tariffs, is poised to have far-reaching consequences for the global AI industry. Major AI stocks in the U.S., including Nvidia (NVDA), Super Micro Computer (SMCI), and Advanced Micro Devices (AMD), continued to climb Wednesday. However,…
Japanese auto giants Honda and Nissan on Thursday confirmed they had scrapped merger talks announced in December, bringing an end to a tie-up that would have created the world’s third-largest automaker. The firms said in a joint statement that they “agreed to terminate the MOU (memorandum of understanding) signed on December 23 last year for…
By Maki Shiraki, Daniel Leussink and Norihiko Shirouzu TOKYO (Reuters) – Nissan was deep in trouble late last year when rival Honda offered a lifeline: a $60 billion tie-up that would help both Japanese automakers compete against the Chinese brands upending the car industry. Years of faltering sales and management turmoil had left Nissan a…
TOKYO – In a groundbreaking move that could reshape the automotive landscape, Japanese carmakers Nissan, Honda, and Mitsubishi have confirmed that they are in talks for a potential three-way merger. This unexpected development has sparked widespread interest within the industry, as the merger could combine the strengths of three of Japan’s most recognized automotive brands. Nissan,…
(Bloomberg) — Honda Motor Co. absorbing Nissan Motor Co. could give the two struggling Japanese brands the scale they need to take on China’s BYD Co., sales figures released Wednesday show. Most Read from Bloomberg Honda, which earlier this week sketched out plans for a deal that amounts to an acquisition of Nissan, sold 3.43…