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Nissan Profits Fall 8% in First Half of Fiscal Year

Sales hit in North American while China grows.

by Michael Strong on Nov.08, 2018

Nissan CFO Hiroshi Karube reported the company's profits fell 8% overall due to falling sales in North America and Europe.

Nissan Motor Co. reported an 8% drop in quarterly profits due to declining sales in its biggest markets, North America and Europe, as well as hits on raw material costs.

The Japanese automaker reported quarterly profits of 130.4 billion yen, or $1.1 billion, on Thursday, down from 141.6 billion yen the same period a year earlier. The automaker noted that quarterly sales fell nearly 3% to 2.82 trillion yen, or $24.8 billion.

Global News!

However, this dip in profits wasn’t enough for Nissan to revise its forecast for the fiscal year through March for a 500 billion yen, or $4.4 billion, profit on 12 trillion yen, or $106 billion, sales. (more…)

New Nissan Maxima Debuting at LA Auto Show

Subtle visual updates but lots more safety tech.

by Paul A. Eisenstein on Oct.23, 2018

the 2019 Maxima, Nissan's flagship sedan, gets a mid-cycle refresh for 2019.

While some automakers are leaning out their sedan lines – even abandoning them entirely, in the case of Ford – Nissan continues to bet big on four-door models, with two critical updates for the 2019 model-year.

While we’ve already seen and driven the Altima makeover, we’ll have to wait until next month and the Los Angeles Motor Show to get a first good look at the 2019 Nissan Maxima, the Japanese maker’s most sporty sedan offering.

Product News!

Actually, Nissan has given us a first peak at the new Maxima, and not in the usual form of a carefully lit and cropped teaser. The accompanying picture pretty much reveals all we’d need to know about the 2019 refresh short of any taillight and rear bumper revisions.

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First Drive: 2019 Nissan Altima

One very good reason why the sedan isn’t ready to die.

by Paul A. Eisenstein on Sep.28, 2018

For 2019, the new Nissan Altima will be offered in a heavily equipped First Edition trim.

The sedan is dead. Long live the sedan. Or so goes what currently passes for conventional wisdom, backed by the decision to slash the number of four-door models, indeed, eliminate them entirely at Ford Motor Co.

Review to Trust!

But I have seen the future and it is not an entirely SUV and CUV-driven world. If the complete makeover that is the 2019 Nissan Altima is any indication, there’s a clear place for sedans for the foreseeable future. And among the many new features that would seem to make the Altima a natural alternative for Snowbelt buyers who might really want a more conventional set of wheels: Altima marks the first time Nissan is offering all-wheel-drive in one of its sedans. That is, in fact, a relatively rare feature among mainstream four-doors, and not available on segment leaders Toyota Camry and Honda Accord.

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Nissan Betting on Sedan Comeback

Young buyers “don’t want daddy’s” SUV, automaker bets.

by Paul A. Eisenstein on Sep.21, 2018

Nissan has made a heavy investment - and numerous changes -- aiming to increase the appeal of its sixth-gen 2019 Altima sedan.

While some automakers are paring back, and even dropping out, of the sedan market, Nissan is betting big with the launch of the sixth-generation Altima that will roll into U.S. showrooms in the coming month.

While the automaker isn’t revealing precisely what it spent, Bruce Pillard, the marketing manager for the 2019 Altima, said the new version of the midsize sedan marks “one of the highest investments in the history of Nissan.” That includes an entirely new platform, the first-ever all-wheel-drive system for the Altima, and the Nissan brand’s first use of the breakthrough VC-Turbo engine. That’s in sharp contract with rival Ford Motor Co., which is set to phase out its own midsize sedan, the Fusion, along with the rest of its U.S. four-door line-up.

Insight!

“The future is bright” for sedans, Pillard declared, ahead of a media drive of the 2019 Nissan Altima in Santa Barbara this week, countering what has become conventional wisdom that sedans are all but doomed as motorists by the millions migrate to SUVs and CUVs.

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Nissan Recalls 240K Vehicles for Potential Fire Problem

Action covers cars and utility vehicles.

by Michael Strong on Sep.21, 2018

Nissan's 2017 and 2018 Pathfinders are part of a recall of 240,000 vehicles due to possible fire hazard.

Nissan announced it is recalling nearly 240,000 cars and SUVs worldwide – 215K in the U.S. – because of a fire risk. The Japanese automaker is also recommending vehicle owners park the vehicles outdoors in some cases.

According to the automaker, due to faulty seals on the anti-lock brake pump, brake fluid can leak onto a circuit board, causing an electrical short and increasing the fire risk. Should an owner see the anti-lock brake warning light for more than 10 seconds after starting the engine, Nissan recommends not driving the vehicle and to park it outdoors away from homes and other structures or vehicles.

Safety News!

The recall covers certain 2015 to 2017 Nissan Murano, 2016 and 2017 Nissan Maxima, 2017 through 2018 Nissan Pathfinder and 2017 Infiniti QX60 vehicles. (more…)

Renault-Nissan-Mitsubishi Alliance Teaming Up With Google

Tech giant will develop next-gen infotainment system.

by Paul A. Eisenstein on Sep.18, 2018

The Renault-Nissan-Mitsubishi Alliance inked a deal with Google to put its intelligent infotainment system in its vehicles.

The Renault-Nissan-Mitsubishi Alliance has a new partner, tech giant Google signing on the develop the automotive group’s next-generation infotainment system.

It’s a significant move by Google, though not its first time developing technology for automobiles. Like rival Apple’s CarPlay, its Android Auto system is now being offered by an array of automakers and allows a motorist to access a wide range of smartphone apps on a car’s touchscreen system.

Global News!

“Under the technology partnership, vehicles sold by the Alliance members in many markets will utilize Android, the world’s most popular operating system, and will provide turn-by-turn navigation with Google Maps,” the Alliance said in a statement. (more…)

Nissan, EVgo Complete 500-Mile Charging Network

Battery-electric drivers covered from Boston to D.C. on I-95.

by Joseph Szczesny on Sep.07, 2018

Nissan and EVgo just completed a 500-mile corridor of nine fast charging stations on I-95 between Boston and Washington D.C.

Nissan and EVgo have completed the installation of a series of nine electric vehicle fast charging stations along 500 miles of the I-95 corridor in the Northeastern corner of the United States.

The completion of the Northeast fast charging corridor provides a comprehensive charging infrastructure, offers owners of electric vehicle peace of mind and convenience when travelling the heavily-traveled corridor, stretching from Boston to Washington D.C.

News You Can Trust!

Fear of “running out of electrons” is often cited as one of the primary reasons consumers shy away from purchasing or leasing battery-electric vehicles even though the range of EVs is gradually improving. Price is also a major factor inhibiting the growth of electric vehicle sales, according to analysts but the need for charging capacity remains a major factor in limiting sales of EVs. (more…)

Nissan, Dongfeng Roll Out New EV for China

New Sylphy part of larger plan to grow sales by 1 million by 2022.

by Michael Strong on Aug.28, 2018

Nissan Motor and Dongfeng Motor Group celebrate the first Sylphy produced in China.

Less than two weeks after it announced plans to spend $900 million in the near term to grow its sales in China, Nissan’s first vehicle, a battery-electric model, in that plan began rolling off the assembly line in Guangzhou, China.

The Sylphy Zero Emission, which is based on the Nissan Leaf, is being produced by Nissan and its Chinese partner, Dongfeng Motor Group. The new car costs $25,850, including after government subsidies. It is half of the actual Nissan Leaf sold in China, which is sold by Nissan and Dongfeng’s joint venture Venucia brand.

Product News!

The new Sylphy can travel 210 miles on a charge and comes at a time where Chinese officials are trying to expand EV sales in the country. There are a slew of companies attempting to take advantage of the incentives tied to the push, including Tesla, General Motors, Fiat Chrysler, Volkswagen, Mercedes-Benz and many others. (more…)

Nissan Spends $170M Prepping Plants for New Altima

Maker puts out cash despite segment shrinking.

by Joseph Szczesny on Aug.24, 2018

Nissan began production of the sixth-generation Altima at its plant in Smyrna, Tennessee.

Sales of midsize sedans continue to sink but Nissan plans to invest $170 million in its Smyrna, Tennessee assembly plant to support production of the 2019 Altima. The announcement came as the company celebrated the start of production of the sixth-generation sedan at the Smyrna facility.

“Nissan’s continued investment in our manufacturing facilities underpins our commitment to building top-quality vehicles in the U.S., as well as our valued workforce and the communities where we do business,” said Heath Holtz, senior vice president, Manufacturing, Supply Chain Management and Purchasing, Nissan North America Inc.

Product News!

Nissan’s investment was used to upgrade Smyrna Vehicle Assembly Plant and Canton Vehicle Assembly Plant with the latest manufacturing technology. (more…)

Nissan Looks to Expand Production in China, Secure No. 3 Spot

Toyota, Honda and Ford also looking to grow sales.

by Michael Strong on Aug.20, 2018

Nissan President and CEO Hiroto Saikawa laid out plans to grow sales in China by 2022.

Nissan Corp. is wasting no time playing catch up with General Motors and Volkswagen AG in China, nor is it wasting money spending $900 million to ramp up its vehicle production in the country.

Working with its Chinese joint-venture partner Dongfeng Group, Nissan’s plans call for expansion of production capacity during the next few years to 2.1 million vehicles annually, according to Reuters.

Global News!

Currently, Nissan sold 1.5 million vehicles last year in China, trailing GM and VW which put out about 4 million vehicles each. It wants to sell 2.6 million by 2022, and secure the No. 3 spot in the country by then, according to reports. (more…)