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 […]

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 […]

Toyota, Nissan and Honda gear up to restart Mexico plants

Toyota Motor, Nissan Motor, Honda Motor

Japanese automakers Toyota, Nissan and Honda stated they are gradually resuming plants in Mexico as the country’s automotive industry reboots in line with a broader economic reopening, even though numbers of new coronavirus cases continue to increase. Mexican officials in mid-May stated the automotive industry could exit the coronavirus lockdown before June 1 if the […]

Nissan, Renault and Mitsubishi reportedly partners to draft deeper alliance in May

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

Nissan Motor, Renault SA and Mitsubishi Motors are going to draft plans for a deeper alliance next month, including joint development of more electric vehicles and autonomous technology, the Yomiuri daily reported. The three companies will include the projects in their mid-term business plans, the source said, without noting how it got the information. Among […]

Seat’s de Meo probably in talks with Renault, says Herbert Diess

herbert diess images

Herbert Diess, chief executive of Volkswagen, stated Luca de Meo, who stepped down as chief executive of the German automaker’s Spanish Seat brand this month, was probably in talks with French automaker Renault. The Italian-born de Meo was a chairman of Seat’s executive committee for four years, supervising a resurgence in the Barcelona-based company’s sales […]

Yamaha warns musicians not to climb in instrument cases after Ghosn escape

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Yamaha Corporation has warned people not to attempt and squeeze in musical instrument cases following the reports of former Nissan Motor chairman Carlos Ghosn that he fled Japan concealed inside in one. “We won’t specify the reason, but there have been tweets about climbing inside large musical instrument cases. A warning after any unfortunate accident […]

Renault, Nissan confirms alliance not headed for break-up

Renault-Nissan logo

Shares in Renault made recovery of some lost ground on Tuesday following the confirmation made by French automaker and its Japanese partner Nissan Motor, that they reject the media reports regarding their alliance being in danger of dissolution. Increasing concerns about the state of the 20-year old French-Japanese alliance, forged by former chairman Carlos Ghosn, […]