TOKYO (Reuters) -Nissan Motor said on Monday it has started testing a new driver-assistance system that uses technology from British startup Wayve, ahead of a planned launch in Japan in the 2027 financial year. The Japanese automaker demonstrated the system in Tokyo earlier this month using Ariya electric vehicles equipped with advanced collision avoidance features…
By Miyoung Kim SINGAPORE (Reuters) – Japan’s Nissan Motor is open to working with new partners including even technology firms after merger talks with cross-town rival Honda Motor foundered, people familiar with the automaker’s thinking have said. The pair were on course to create the world’s fourth-biggest automaker with annual production of nearly 7 million…
Honda Motor Co. (HMC, Financials) and Nissan Motor Co. (NSANY, Financials) are reportedly investigating a possible merger to increase their competitiveness in the electric vehicle sector, especially in important markets like China and Southeast Asia where rivals like Tesla (TSLA, Financials) and BYD (BYDDF, Financials) rule. With a dramatic 93.5% decline in profits over the…
TOKYO (Reuters) – In early October, Nissan Motor (NSANY) managers dialed in for a regular online meeting with boss Makoto Uchida only to hear a grim message: business was worse than expected and the Japanese car maker had to cut jobs and production. They listened as the 58-year-old chief executive described a deteriorating financial situation…
(Reuters) -Nissan Motor’s CFO Stephen Ma is set to step down, Bloomberg News reported on Saturday, citing people familiar with the matter, weeks after the Japanese automaker issued a profit warning and announced plans to cut thousands of jobs globally. It is unclear whether Ma will leave the automaker or be demoted, the report said,…