Nissan Motor to issue $8 billion in dollar-denominated debt

2020 Nissan Versa, Nissan 2020 Versa

Japanese Nissan Motor will issue $8 billion in dollar-denominated debt and is thinking about euro-denominated bonds, it said on Friday, as the troubled automaker looks to diversify its funding. The bond sale is its first dollar-denominated issuance since its tie-up with French automaker Renault SA in 1999, a Nissan spokesperson said. It comes as investors have […]

Renault to develop, build next-generation Nissan Micra

Nissan Micra Gen5 images

French automaker Renault will develop and assemble the next generation of partner Nissan’s Micra models, a senior executive at the Japanese automaker said, as the two companies try to rework their alliance with tighter cooperation in production. Ashwani Gupta, Nissan’s chief operating officer, said in an interview with France’s Le Monde newspaper published on Monday […]

Japanese government exposed to 40 percent of $6.7 billion Nissan loans

Nissan IMQ Concept Geneva Motor Show 2019

The Japanese government has guaranteed most of a loan to Japanese automaker Nissan Motor from the Development Bank of Japan (DBJ), a source said, taking its guarantee to over 40% of 713 billion yen ($6.7 billion) in finance for Japan’s second-largest automaker. The hefty government guarantee suggests financial firms are cautious with regards to help […]

Ghosn’s accused escape plotters can be extradited to Japan, judge says

Carlos Ghosn Renault-Nissan

A U.S. judge on Friday ruled two Massachusetts men can be extradited to Japan to face charges that they helped former Nissan Motor Chairman Carlos Ghosn flee from the country while he was awaiting trial on financial misconduct. U.S. Magistrate Judge Donald Cabell in Boston turned down the arguments against extradition by U.S. Army Special […]

Nissan develops techniques to accelerate production of carbon fibre parts

Nissan IMQ Concept Geneva Motor Show 2019

Nissan Motor said on Thursday it has developed techniques that help accelerate production of automotive components made from carbon fibre reinforced plastics (CFRP). The techniques can slash the lead time to develop such parts by as much as half, and cycle time for molding by about 80%, compared with standard methods, the Japanese automaker said. […]

Judge skeptic about accused, who helped in Ghosn escape, in extradition fight

Carlos Ghosn in Lebanon

A U.S. judge on Friday expressed doubt about arguments by two Massachusetts men seeking to prevent extradition to Japan to face charges they helped former Nissan Motor CEO Carlos Ghosn escape the country. U.S. Army Special Forces veteran Michael Taylor and his son, Peter Taylor, were arrested in May following Japan’s request, after being accused […]

U.S. judge denies bail to two men accused of helping Ghosn to escape

law hammer

A U.S. district judge on Friday rejected bail to two Massachusetts men alleged of helping orchestrate former Nissan Motor CEO Carlos Ghosn’s escape from Japan. Judge Indira Talwani rejected bail for U.S. Army Special Forces veteran Michael Taylor and his son, Peter Taylor after Japan had asked for their extradition. A magistrate had also earlier […]

Spain’s Industry sees ‘hope’ about Nissan Barcelona closure

2017 Nissan Rogue Sport

Spain’s Industry minister Reyes Maroto stated on Wednesday that the government was showing progress in convincing Japanese automaker Nissan to reconsider shutting down its Barcelona plant while looking for another investor. “We’re gradually getting Nissan to realize that it’s very expensive to close that plant… It’s always best to make way for a new investor, […]