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Tag: Nissan Motor

  • Nissan swings to first half loss, to sell Yokohama headquarters

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    Nissan Motor has reported a net loss of Y221.9bn ($1.4bn) for the first half of fiscal year 2025 (FY25) and confirmed plans to sell its Yokohama headquarters building.

    The result for the six months to 30 September 2025 contrasts with a net profit of Y19.2bn in the same period a year earlier.

    The company cited weak performance in its core automotive operations and the effect of additional US tariffs on Japanese goods introduced by the Trump administration.

    First half sales revenue declined 6.8% year on year to Y5.58trn.

    Nissan recorded an operating loss of Y27.6bn, reversing an operating profit of Y32.9bn in the prior-year period.

    Global vehicle sales totalled 1.48 million units in the half.

    Nissan said its liquidity remained strong at Y3.6trn as of September, including Y2.2trn in gross cash.

    Nissan president and CEO Ivan Espinosa said: “Our first-half results reflect the challenges we face, yet they confirm that Nissan is firmly on the path to recovery. The second half will bring its own hurdles, but with focus, discipline, and the actions underway, I am confident we will deliver stronger results.

    For the full fiscal year ending March 2026, the company now projects revenue of Y11.7trn, a 6.4% reduction from its previous outlook of Y12.5trn.

    It expects to break even at the operating level when excluding the impact of US tariffs; including estimated tariffs, Nissan forecasts an operating loss of Y275bn.

    The Japanese automobile manufacturer said its cost-saving measures are progressing, targeting cumulative savings of Y500bn by FY26.

    The Yokohama headquarters sale forms part of the company’s strategy to dispose of non-core assets. Under the deal, Nissan will lease the building back for 20 years, allowing it to continue operating there as its head office.

    The company said that proceeds will be reinvested to modernise facilities and support future growth under the Re:Nissan programme.

    It reiterated aims under Re:Nissan to achieve positive automotive operating profit and free cash flow by fiscal 2026.

    The company said it has identified Y200bn in potential variable cost savings. Fixed cost cuts are progressing quickly, with more than Y80bn achieved in the first half.

    Nissan said it is on course to exceed Y150bn by year-end and remains confident of surpassing its Y250bn target by fiscal 2026.

    It added that six of seven plant site measures have been completed, engineering cost per hour has improved by 12% towards a 20% target, and parts complexity has been materially reduced.

    “Balancing optimism with prudent risk management under Re:Nissan, we are accelerating toward the future—prioritising new products, key markets, and breakthrough technologies that will define Nissan’s next chapter,” said Espinosa.

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  • Nissan previews its upgraded AutoDJ on-board digital assistant

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    Nissan Motor previewed its upgraded ‘AutoDJ’ in-vehicle digital assistant, powered by generative AI, which it plans to unveil at the Japan Mobility Show (JMS) at the end of October. The Japanese automaker said the new system can suggest destinations through natural voice interaction with the driver, and allows users to enjoy personalised content such as tourist information generated according to the destination through an AI-based “radio.”

    Nissan confirmed that the new AutoDJ’s biggest feature “is that it uses generative AI without being bound by digital boundaries. At the same time, the Epollo mascot gives the system a sense of physicality, making users feel more familiar.”

    Nissan also plans to introduce a new 3D navigation system in Japan, the Diorama Navi, which will replace the existing Minato Mirai. The automaker explained that the “Diorama Navi is a navigation system in the form of a three-dimensional diorama. A tiny magnetically operated model of a car is used to move around on a reproduced miniature 3D map of the city, which then shows its current location in real time.” The Diorama Navi will be installed in a prototype of an autonomous driving demonstration system to be exhibited at the JMS.

    “Nissan previews its upgraded AutoDJ on-board digital assistant” was originally created and published by Just Auto, a GlobalData owned brand.

     


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  • Nissan to export China-developed EVs to global markets

    Nissan to export China-developed EVs to global markets

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    BEIJING (Reuters) -Nissan Motor said on Sunday it would sell China-developed electric vehicles (EVs) globally as it struck a deal with the country’s top university to leverage local resources to accelerate research and development on electrification.

    The Japanese automaker is considering exporting the line-up of existing internal combustion engine vehicles and upcoming pure electric and plug-in hybrid cars manufactured and developed in China to overseas markets, Masashi Matsuyama, vice president of Nissan Motor and president of Nissan China, told reporters in Beijing.

    Nissan is considering aiming at the same markets as Chinese rivals such as BYD, he said.

    The company is joining foreign brands including Tesla, BMW and Ford that are expanding their exports of China-made cars to exploit the country’s lower manufacturing costs and increase the capacity utilisation of their factories.

    China accounted for just over a fifth of Nissan’s worldwide sales of about 2.8 million vehicles over the first 10 months of the year, down from over a third for the same period last year.

    Japanese automakers have faced a severe sales challenge this year in China, the world’s biggest auto market, due to the popularity of domestic brands and heavy price competition amid a rapid shift to EVs.

    Nissan announced it would establish a joint research centre with China’s leading Tsinghua University next year, focussing on research and development of EVs, including charging infrastructure and battery recycling.

    “We hope that this collaboration will help us gain a deeper understanding of the Chinese market and develop strategies that better meet the needs of customers in China,” Nissan President and Chief Executive Makoto Uchida said in a statement.

    The launch of the research centre is an extension of joint research efforts the company has had with Tsinghua since in 2016 that focussed on intelligent mobility and autonomous driving technology.

    (Reporting by Zhang Yan in Beijing and Daniel Leussink in Tokyo; Editing by Antoni Slodkowski and William Mallard)

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