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,…