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January 26, 2013
14:14 EDTNSANYNissan transfers medium and heavy-duty commercial vehicle unit to DFG
Nissan Motor (NSANY) agreed to the transfer of Dongfeng Motor medium and heavy commercial vehicle business unit, and relevant subsidiaries and affiliates, to Dongfeng Motor Group, DFG. Dongfeng Motor, DFL, is Nissan's joint venture in China with the Dongfeng Motor Group. The actual transaction will be implemented after the approval of the Chinese government. Upon reaching the milestone of a decade in business since its foundation, DFL has decided to spin-off its commercial vehicle section and concentrate its management resources on development of its passenger and light commercial vehicle businesses. Nissan will aim to further enhance DFL's core business through more efficient use of Nissan's resources with a focus on passenger and light commercial vehicles.
News For NSANY From The Last 14 Days
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October 7, 2015
06:28 EDTNSANYRenault-Nissan may look to change its capital structure, Nikkei reports
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October 2, 2015
07:33 EDTNSANYNissan North America recalling 218,019 2007-2012 Versa vehicles
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October 1, 2015
09:57 EDTNSANYNissan reports September U.S. sales up 18% to 121,782 units
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09:25 EDTNSANYNissan reports September U.S. auto sales up 18%, Bloomberg says
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05:56 EDTNSANYTrueCar boosts 2015 U.S. sales forecast to 17.4M from 17.2M
TrueCar (TRUE) raised its 2015 annual forecast by 200,000 units to 17.4 million as sales growth in the remaining months of 2015 is poised to remain vigorous. New auto sales in September, aided by a later-than-usual Labor Day, should expand by 12.6 percent from a year ago, while the Seasonally Adjusted Annual Rate should reach 17.7 million units. That strength underpins TrueCar's revised full-year industry forecast of 17.4 million units, the highest volume since 2000. Retail share of the total industry likely expanded a full point in September versus last year, indicating busier-than-average showrooms. Confident consumers are expected to push new vehicle revenue to a record $45 billion for the month, up 13.2 percent versus the same period last year. Publicly traded companies in the space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM), Daimler (DDAIF) and Volkswagen (VLKAY). TrueCar EVP Larry Dominique commented, "Volkswagen's stop sell of diesel vehicles in the U.S. causes a noticeable hit to its September revenue, with a 7.7 percent decline. We expect sales to dip by at least by 5 percent and incentives to increase by $235 per unit, which will be essential to push non-impacted models off the lots."

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