Latest Nissan Motor Co Ltd News

Automakers Renault, Nissan to make cross-shareholdings equal

Jan. 30, 2023 05:48 AM EST

TOKYO (AP) — Nissan and Renault have agreed to equalize the stakes they hold in each other, both sides said Monday, ironing out a source of conflict in the Japan-French auto alliance. Up to now, Renault Group has held a 43.4% stake in Nissan Motor Co., potentially giving it a...

EXPLAINER: 2023 tax credits for EVs will boost their appeal

Dec. 26, 2022 10:03 AM EST

WASHINGTON (AP) — Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions. But a complex web of...

EPA: US fuel economy flat in 2021, emissions down slightly

Dec. 12, 2022 16:25 PM EST

DETROIT (AP) — Fuel economy for 2021 model year vehicles in the U.S. stayed flat with 2020 as people continued to buy less-efficient trucks and SUVs, according to an annual government report published Monday. The fleet of new vehicles got 25.4 miles per gallon (10.8 kilometers per...

Tesla launches in Thailand, vying to compete with China EVs

Dec. 07, 2022 05:44 AM EST

BANGKOK (AP) — Tesla has launched sales in Thailand, offering its popular Model 3 and Model Y at prices aimed at competing with rivals like China’s BYD. The company staged a glitzy showcase of its plans Wednesday at Bangkok’s Siam Paragon mall. Online purchases have begun,...

Nissan's quarterly profit falls amid computer chip crunch

Nov. 09, 2022 04:10 AM EST

TOKYO (AP) — Nissan’s profit fell 68% in the last quarter as a shortage of computer chips hindered the Japanese automaker’s ability to deliver vehicles to its customers. Nissan Motor Co. reported Wednesday that its profit was 17.4 billion yen ($119 million) in the...

Americans convicted in Japan on Ghosn's escape return home

Nov. 07, 2022 23:00 PM EST

TOKYO (AP) — An American father and son convicted in Japan on charges of helping Nissan former Chairman Carlos Ghosn escape to Lebanon, hiding in a box, have been returned to the U.S., their lawyer said Tuesday. Michael Taylor, a former Green Beret, was sentenced in July last year...