March will be one of the most crucial months for the U.S. auto industry in years.

U.S. consumers bought just under 1.2 million new cars and trucks in February, unchanged from a year ago. That follows a 3 percent drop in January — the first year-over-year decline since August 2010. So far this year, new vehicle sales have been on pace to hit a little more than 15 million for the […]

Mexico to Trump Japan as No. 2 Car Exporter to U.S.

Much of the new production is by Japanese companies drawn by the ability to move parts into Mexico without tariffs. Local governments have been competing for new plants by offering tax exemptions, employee training and improved highways connecting the plants to the U.S. border and Mexican ports. Just 25 miles from the new Honda plant, […]

Nissan profits beat estimates as weaker yen helps sales

Nissan has reported better-than-expected profits, helped by the weakening yen and by a recovery in sales in China. Japan’s second-biggest carmaker said profit rose 57% to 84.3bn yen ($825m; £503m) for the last months of 2013, beating analysts’ estimates. It also sold a record 5.1 million vehicles globally last year. The positive results come three […]

Nissan shares fall as it lowers profit forecast

Shares of Japanese carmaker Nissan have fallen 10% to 861 yen in Tokyo after the firm cut its full-year profit forecast. On Friday, the firm said it expected to make a profit of 355bn yen ($3.6bn; £2.2bn) for the year to 31 March 2014, down from an earlier forecast of 420bn. Nissan said tough conditions […]

Nissan Titan to get Cummins turbodiesel V8 in 2015

Nissan announced earlier today that its Titan pickup will get a Cummins turbodiesel in the 2015 calendar year. “We will definitely leverage the Cummins brand name,” said Nissan spokesman Dan Bedore. Cummins has been the sole supplier of diesel engines for Chrysler’s Ram pickup since 1989 — and the Cummins name is seen as a […]

Nissan says Feb China auto sales down 46 percent y/y

(Reuters) – Nissan Motor Co Ltd and its China joint venture sold about 58,200 cars in China in Febuary, down 46 percent from a year earlier, the Japanese automaker said on Monday. That compares with a rise of 22.2 percent rise in January from a year earlier, though figures were skewed because of the timing […]

Nissan reports quarterly profits down 35%

Nissan has reported a fall of 34.6% in consolidated net income for the quarter ended December 31, blaming difficult operating conditions in Europe, China and the US. In Nissan’s fiscal third quarter (October-December 2012), consolidated net income after taxes totalled 54.1 billion yen (US$670 million, euro 510 million), a year-on-year decline of 34.6%. Third quarter […]

Nissan Motor Co Ltd (7201.T) said on Friday it was investing 11 billion baht ($358 million) to build a second assembly plant in Thailand that will have an annual production capacity of 75,000 vehicles when it opens in August 2014.

Capacity would eventually be raised to 150,000 vehicles. “Adding 150,000 units of production capacity will not only enable us to raise our competitiveness in the domestic market but will ensure Thailand’s position as a key strategic global export hub for Nissan,” executive vice-president Hiroto Saikawa said in a statement.

Nissan plans to sell cheaper Leaf

Japanese carmaker Nissan (7201.T) plans to offer a lower-priced version of its Leaf electric car, which has been selling well below the company’s predictions, the Financial Times reported on Monday. Nissan sold fewer than 12,000 Leafs in the first half of this fiscal year, up 11 percent on last year, but falling well short of […]

Nissan profits jump as global sales hit record high

For the full year ending in March 2012, Nissan reported net income of 341.4bn yen, a 7% rise on the previous year. Nissan, Japan’s second-biggest carmaker, outperformed rivals Toyota and Honda, both of which reported falling profits. Japanese carmakers have had to deal with many challenges in the past 12 months, including disruption to production […]