It seemed like an extraordinary display of patriotism and unity: Japan’s biggest companies would come together to save their own, whether ailing carmaker Nissan Motor Co. or besieged convenience store giant Seven & i Holdings Co.
Nissan is planning to replace CEO Makoto Uchida following disappointing financial earnings and the collapse of merger talks with Honda.
Nissan Motor is expected to announce a planned streamlining of its executive line-up on March 12, according to three people familiar with the matter.
According to various reports, Honda wants to take the lead with the merger deal after the two were to form a joint holding company. The Big H would become the leader in said holding company with Nissan being reduced to a subsidiary of Honda.
Fitch Ratings said on Wednesday it has downgraded Nissan Motor's rating to junk-status BB+ from BBB-, referring to the Japanese automaker's "persistently low profitability, with a delayed recovery trajectory against our expectations".
The Honda-Nissan on-again, off-again, on-again merger is the international automotive saga that keeps on giving. Now there's another twist.
Reports of an overture towards the American electric vehicle maker come days after Nissan’s merger talks with Honda collapsed.
Nissan (OTC:NSANY) is reportedly considering replacing CEO Makoto Uchida following the automakers declining performance and the collapse of merger talks with Honda (NYSE:HMC), according to Bloomberg.
After an oil change, a woman found a racial slur printed on the sticker inside her SUV. Now, she’s getting a free electric vehicle. A Nissan dealer nearly 900 miles away is gifting her a free LEAF EV, saying she won’t need an oil change ever again. The electric car was specifically chosen so the shocking incident doesn’t happen again.
For enthusiasts who have been holding off on buying a Nissan Z due to outrageous dealer markups, the wait has finally paid off. After years of excessive pricing, dealerships across the U.S. are now offering the 400-horsepower coupe well below its sticker price.