Ghosn biedt executive training in Libanon – Reuters.com

Ghosn biedt executive training in Libanon – Reuters.com

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Reuters Now

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Nissan gaat de komende vijf jaar een hele reeks nieuwe voertuigen lanceren in China, zegt CEO – Reuters

Nissan gaat de komende vijf jaar een hele reeks nieuwe voertuigen lanceren in China, zegt CEO – Reuters

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BEIJING (Reuters) – Nissan Motor’s chief executive7201.Tsaid on Saturday he planned to launch a number of new vehicles in the growing Chinese market over the next five years, including electrical cars, that could help the struggling Japanese automaker return to profit.

Nissan Chief Executive Officer Makoto Uchida speaks at Nissan booth via video link during the presentation of Nissan’s Ariya model during the Beijing International Automotive Exhibition, or Auto China show, in Beijing, China September 26, 2020. REUTERS/Thomas Peter

“The recovery in the Chinese market has been very remarkable, and our key segments have returned to the previous year’s level if not slightly better,” CEO Makoto Uchida said at a press conference at the Beijing auto show via a video link from Japan. “I expect this rebound to continue, but we need to watch for signs of trouble,” he added.

Uchida and the company’s China boss, Shohei Yamazaki, said Nissan will launch nine new and re-designed electric models in the world’s biggest auto market by 2025, including plug-in electric vehicles and hybrid electric cars that charge with a gasoline engine.

Uchida’s remarks come as investors express concern about Japan’s second-largest carmaker, which has warned of a record $4.5 billion loss this year as the pandemic hampers its turnaround.

Growth in China is a key part of Nissan’s effort to recover from rapid expansion that left it with dismal margins and an ageing portfolio that the automaker says is a result of a mismanagement by former boss Carlos Ghosn, who was arrested for financial misdeeds which he denies.

Nissan has pledged to cut 300 billion yen ($2.84 billion)from annual fixed costs and focus on each of the company’s three biggest markets: China, the United States and Japan.

Yet, while China’s automotive market continues to recover strongly, Nissan last month saw its business shrink 2.4% after showing modest growth every month since April.

That sales contraction was in stark contrast to Japanese rivals Toyota and Honda, which have both seen rapid sales growth since the pandemic’s effects began easing in China over the summer.

In August, Toyota vehicles sales in China rose 27.2% from last year, while Honda’s grew 19.7%.

To bolster its finances, Nissan this month said it plans to issue $8 billion in dollar-denominated bonds and is considering euro-denominated debt. The bond sale is its first dollar-denominated issuance since its tie-up with France’s Renault SARENA.PAin 1999, a Nissan representative said.

A Nissan spokeswoman said some of that money would be used to repay other debt.

“Although Nissan continues to have sufficient levels of liquidity, we are seeking to strengthen our liquidity position in order to ensure smooth implementation of our business transformation plan,” she said.

Reporting by Norihiko Shirouzu, writing by Tim Kelly; editing by Sam Holmes and Raju Gopalakrishnan

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Voormalig Nissan-directeur Kelly pleit niet schuldig aan het helpen van Ghosn bij het verbergen van inkomsten – Reuters UK

Voormalig Nissan-directeur Kelly pleit niet schuldig aan het helpen van Ghosn bij het verbergen van inkomsten – Reuters UK

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ByReuters Staff

1 Min Read

Slideshow( 2 images )

TOKYO (Reuters) – Former Nissan executive Greg Kelly on Tuesday pleaded not guilty to charges he helped ex-boss Carlos Ghosn under report income as his trial began in Tokyo.

“I deny the allegations. I was not involved in a criminal conspiracy,” Kelly told the court, according to a court pool report.

A representative from Nissan, which is also standing trial, said the automaker did not contest the charges.

Reporting by Tim Kelly; Editing by Christian Schmollinger

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Japanse overheid blootgesteld aan 40% van $ 6,7 miljard aan Nissan-leningen – bronnen – Reuters UK

Japanse overheid blootgesteld aan 40% van $ 6,7 miljard aan Nissan-leningen – bronnen – Reuters UK

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FILE PHOTO: The brand logo of Nissan Motor Corp. is seen at the front nose section of the company’s new Ariya all-battery SUV during a press preview, ahead of the world premiere, at Nissan Pavilion in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato

TOKYO (Reuters) – The Japanese government has guaranteed most of a loan to Nissan Motor Co7201.Tfrom the Development Bank of Japan (DBJ), a source said, taking its guarantee to more than 40% of 713 billion yen ($6.7 billion) in finance for Japan’s No.2 automaker.

The hefty government guarantee suggests financial firms are cautious about helping to fund the automaker as it seeks to return to profitability and stop bleeding cash.

The government has guaranteed 104 billion yen of the 180 billion in loans from the DBJ, said the source with direct knowledge of the matter who declined to be identified as the information is not public.

DBJ and Nissan declined to comment. The Ministry of Finance could not immediately be reached for comment.

Three other sources told Reuters in May the government would guarantee part of a loan from Mizuho Financial Group Inc8411.T, aimed at helping Nissan ride out the COVID-19 pandemic.

The two guarantees, if confirmed, would put the government on the hook to the tune of 304 billion yen, or 43% of the total loans Nissan has secured from its main lenders to weather the COVID-19 pandemic, Reuters calculations show.

Nissan has also secured 120 billion yen from Mitsubishi UFJ Financial Group8306.Tand 50 billion yen from Sumitomo Mitsui Financial Group8316.T, the sources previously told Reuters. The government has not guaranteed any portion of these loans, the sources said.

Nissan had pledged to slice 300 billion yen from annual fixed costs and become a smaller, more efficient company after the pandemic exacerbated a slide in profitability that culminated in its first annual loss since fiscal 2008 in the year ended March.

Reporting by Takashi Umekawa; Editing by Stephen Coates

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Nissan ontwikkelt technieken om de productie van koolstofvezelonderdelen te versnellen – Reuters

Nissan ontwikkelt technieken om de productie van koolstofvezelonderdelen te versnellen – Reuters

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FILE PHOTO: A man wipes the brand logo of Nissan Motor Corp. on the front nose section of the company’s new Ariya all-battery SUV during a press preview, ahead of the world premiere, at Nissan Pavilion in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato

TOKYO (Reuters) – Nissan Motor Co7201.Tsaid on Thursday it has developed techniques that help speed up production of automotive components made from carbon fibre reinforced plastics (CFRP).

The techniques can cut the lead time to develop such components by as much as half, and cycle time for molding by about 80%, compared with conventional methods, the Japanese automaker said.

They involve accurately simulating the behaviour of resin injected into carbon fibre when shaping CFRP components, according to Nissan.

CFRP, a lightweight yet strong material, can be used to make cars safer and more fuel efficient.

Reporting by Makiko Yamazaki; Editing by Tom Hogue

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Nissan gaat $ 8 miljard aan in dollar luidende schuld uitgeven – Reuters

Nissan gaat $ 8 miljard aan in dollar luidende schuld uitgeven – Reuters

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FILE PHOTO: The brand logo of Nissan Motor Corp. is displayed during a press preview of the company’s new Ariya all-battery SUV, ahead of the world premiere, at Nissan Pavilion in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato/File Photo

TOKYO (Reuters) – Japan’s Nissan Motor Co7201.Twill issue $8 billion in dollar-denominated debt and is considering 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 France’s Renault SARENA.PAin 1999, a Nissan representative said.

It comes as investors have expressed deepening concern about Nissan, which has warned of a record $4.5 billion loss this year as the pandemic hampers its turnaround efforts.

Separately, IFR reported Nissan would sell some 2 billion euros ($2.37 billion) in euro-denominated debt. A Nissan spokeswoman said an issuance was under discussion, without confirming the figure.

The company will sell a $1.5 billion, 3-year bond with a coupon of 3.043%, and a $1.5 billion, 5-year bond with a coupon of 3.522%, according to IFR.

Its $2.5 billion, 7-year bond carries a coupon of 4.345% and another $2.5 billion bond, a 10-year, carries a 4.81% coupon, IFR said.

Nissan had pledged to cut 300 billion yen ($2.83 billion)from annual fixed costs and become a smaller, more efficient company. Japan’s second-largest carmaker is trying to recover from a rapid expansion that has left it with dismal margins and an ageing portfolio.

Its business has also been rocked by the arrest of long-time boss Carlos Ghosn.

Reporting by Noriyuki Hirata; writing by David Dolan; editing by Alex Richardson, Jason Neely and Emelia Sithole-Matarise

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100 dieven voegen staal toe aan selectie – Reuters

100 dieven voegen staal toe aan selectie – Reuters

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100 Thieves added former Counter-Strike: Global Offensive professional Josh “steel” Nissan to their Valorant roster, the organization announced Friday.

The announcement comes days after Chaos Esports Club announced that steel would transition to streaming full-time as a content creator for Valorant.

steel, 30, competed with Chaos Esports Club from November 2019 to the end of August.

Last month, 100 Thieves signed former CS:GO professional Nick “nitr0” Cannella to join Spencer “Hiko” Martin on their Valorant roster. Last month, the team released Dionedre “YaBoiDre” Bond, Alfred “Pride” Choi, Zachary “Venerated” Roach and Keane “Valliate” Alonso.

–Field Level Media

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Nissan ontwikkelt technieken om de productie van koolstofvezelonderdelen te versnellen – Reuters India

Nissan ontwikkelt technieken om de productie van koolstofvezelonderdelen te versnellen – Reuters India

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FILE PHOTO: The brand logo of Nissan Motor Corp. is displayed during a press preview of the company’s new Ariya all-battery SUV, ahead of the world premiere, at Nissan Pavilion in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato/File Photo

TOKYO (Reuters) – Nissan Motor Co said on Thursday it has developed techniques that help speed up production of automotive components made from carbon fibre reinforced plastics (CFRP).

The techniques can cut the lead time to develop such components by as much as half, and cycle time for molding by about 80%, compared with conventional methods, the Japanese automaker said.

They involve accurately simulating the behaviour of resin injected into carbon fibre when shaping CFRP components, according to Nissan.

CFRP, a lightweight yet strong material, can be used to make cars safer and more fuel efficient.

Reporting by Makiko Yamazaki; Editing by Tom Hogue

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BRIEF-S & P zegt dat Nissan is gedowngraded naar 'BBB- / A-3' vanwege de groeiende impact van COVID-19 – Reuters

BRIEF-S & P zegt dat Nissan is gedowngraded naar 'BBB- / A-3' vanwege de groeiende impact van COVID-19 – Reuters

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July 3 (Reuters) – S&P Global Ratings:

* S&P GLOBAL RATINGS SAYS NISSAN DOWNGRADED TO ‘BBB-/A-3’ ON GROWING IMPACT OF COVID-19; OUTLOOK NEGATIVE

* S&P GLOBAL RATINGS SAYS NISSAN’S PROFITABILITY IS LIKELY TO COME UNDER GREATER PRESSURE THAN THAT OF GLOBAL PEERS IN THE COMING ONE TO TWO YEARS Source:bit.ly/3eZ2IB2Further company coverage:

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Nissan ontkent samenzwering van bedrijven om Ghosn – Reuters te verdrijven

Nissan ontkent samenzwering van bedrijven om Ghosn – Reuters te verdrijven

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Generation Maker: America’s new breed of manufacturers

12 Stories40 Minutes

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