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November 23, 2024
 

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MAKOTO UCHIDA

Nissan's operating profit for the April-June period totaled ¥995 million, compared with ¥128.6 billion in the same period a year earlier.
BUSINESS / Companies
Jul 25, 2024
Nissan shares hammered as Q1 profit wiped out by U.S. discounts
The automaker has cut its operating profit forecast for the financial year by 17% to ¥500 billion from ¥600 billion.
Nissan Motor is planning to produce only electric vehicles in Europe by 2030.
BUSINESS / Companies
Sep 26, 2023
Nissan to go all-electric in Europe by 2030 despite U.K. delay
Nissan plans to launch 27 electrified vehicles, including 19 fully electric cars, by 2030.
Japan Times
BUSINESS / Companies
Feb 9, 2023
Nissan keeps annual profit forecasts and cuts unit sales target
The Japanese auto giant said it still expects a net profit of ¥155 billion ($1.2 billion) in the 2022-23 financial year, and also left its operating income outlook unchanged.
Japan Times
BUSINESS / Companies / FOCUS
Feb 7, 2023
Carlos Ghosn’s carmaking dreams disappear with Renault-Nissan revamp
The workaholic Brazilian-Lebanese executive, who spent much of his time jetting between the carmakers’ headquarters and factories, was the glue holding together the firms' alliance.
Japan Times
BUSINESS / Companies
Sep 29, 2021
Nissan will reach 2% profit margin goal despite COVID-19 parts pain, CEO says
Achieving the target set out last year in Nissan's turnaround plan would be a positive sign the carmaker is holding up despite the shortages plaguing the industry.
Japan Times
BUSINESS / Companies
Jul 14, 2021
Nissan CEO says $1.4 billion U.K. electric vehicle hub ‘just a start’
The automaker is betting that roughly a decade of experience making EVs will give it a leg-up over rivals in the increasingly crowded segment.
Japan Times
BUSINESS / Companies
Jun 22, 2021
Carlos Ghosn looms over Nissan annual meeting years after arrest
Shareholders at the automaker's annual meeting Tuesday repeatedly questioned executives about the events surrounding Ghosn's 2018 arrest.
Japan Times
BUSINESS / Companies
Sep 27, 2020
Nissan eyes return to profit in 2021 on back of resurgence in China
The company, which in May reported its first fiscal year loss in a decade, is forecasting a strong recovery in the Chinese market by year-end.
Japan Times
BUSINESS / Companies
Jul 28, 2020
Nissan sees sharp sales and profit drop as business struggles
Nissan will shut three production lines and cut about 14,000 jobs globally, up from 12,500 announced a year ago.
Japan Times
BUSINESS / Companies
Jun 18, 2020
More trouble at the top for Nissan, as COO Ashwani Gupta captures attention
Allies of the chief operating officer are pressing the board to promote him to co-CEO, so he can drive the turnaround plan he is said to have engineered.
Japan Times
BUSINESS / Companies
Mar 4, 2020
Nissan faces more pain before gain as business hit further by coronavirus, new CEO says
CEO Makoto Uchida promised to unveil a turnaround plan in May, on top of cutting more than 12,500 jobs amid decade-low profits and management turmoil caused by Carlos Ghosn's 2018 arrest.
Japan Times
BUSINESS / Companies
Feb 18, 2020
Nissan CEO tells angry shareholders he is ready to be sacked if no turnaround
Nissan Motor Co.'s new chief executive said Tuesday he will accept being fired if he fails to turn around Japan's second-biggest automaker, which is grappling with plunging sales in the aftermath of the scandal surrounding former Chairman Carlos Ghosn.
Japan Times
BUSINESS / Companies
Feb 3, 2020
Nissan's Brexit scenarios include closing European plants, report says
Japanese automaker Nissan Motor Co. has drafted a contingency plan to focus on its Sunderland plant in the U.K. and cut European production if a hard Brexit leads to tariffs on car imports from the continent, the Financial Times reported, citing two people involved in the discussions.
Japan Times
BUSINESS / Companies
Jan 28, 2020
Inside Nissan, a renewed push to get Renault to cut its stake
A proposal is being floated atop Nissan Motor Co. for the company to revive efforts to push Renault SA to reduce its stake in the Japanese carmaker and help balance the partnership, a person familiar with the matter said.
Japan Times
BUSINESS / Companies
Jan 7, 2020
Nissan bolsters task force to prepare for onslaught of criticism from Carlos Ghosn: sources
Nissan Motor Co. has strengthened a task force of senior officials ahead of an expected onslaught of criticism from former Chairman Carlos Ghosn following his dramatic escape from house arrest in Japan, three sources familiar with the matter said.
Japan Times
BUSINESS / Companies
Dec 2, 2019
New Nissan chief Makoto Uchida vows to turn around the embattled automaker
A new three-way leadership structure is designed to avoid the mistakes made during the Carlos Ghosn era.
Japan Times
BUSINESS
Nov 1, 2019
Nissan names new CFO, shuffles execs ahead of CEO Makoto Uchida's arrival
Nissan Motor Co. unveiled the responsibilities of its new top managers, appointing a new chief financial officer and making other executive moves as the automaker seeks to turn a new page almost a year since the arrest of former Chairman Carlos Ghosn.
Japan Times
BUSINESS / Companies
Oct 9, 2019
Nissan power struggle ends in uneasy compromise with three contenders taking top roles
The carmaker's directors tapped Makoto Uchida, head of its China joint venture, as CEO, to work alongside new COO Ashwani Gupta and Jun Seki, the new deputy COO.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

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