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Carlos Ghosn

  • *Over 70 pct of top firms seeing improvement in Europe. LONDON/ PARIS, Feb 23- Signs of a long-awaited recovery in Europe are starting to show through in the profits of leading global companies, even if their bosses are still giving most of the credit to strong demand in Asia or the United States. Reuters has analysed comments from more than 50 of the biggest companies...

  • Nissan executive known as 'father of the Z' dies at 105 Saturday, 21 Feb 2015 | 2:25 AM ET

    TOKYO— Yutaka Katayama, a former president of Nissan Motor Co.' s U.S. unit who built the Z sports car into a powerful global brand in the 1970 s, has died, his son said Saturday. Katayama, who retired from Nissan in 1977, died Thursday of heart failure at a Tokyo hospital, his son Mitsuo said. Carlos Ghosn, who has led a turnaround at the Japanese automaker under an alliance...

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • In the third quarter alone, when Nissan's earnings eclipsed analyst estimates, discounts cost the automaker around $3,500 per vehicle, according to researcher Autodata. But the strength of dollar sales in yen terms drove up income, helping Nissan offset weaker-than-expected demand in China and Russia. Nissan raised its operating profit forecast by 6.5...

  • YOKOHAMA, Feb 9- Nissan Motor Co lifted its annual earnings forecast on Monday, expecting its highest operating profit in seven years due to favourable currency movement and further cost cuts. Nissan raised its operating profit projection to 570 billion yen for the year to end-March from the previously forecast 535 billion yen. Nissan also changed its dollar...

  • *70 pct of cars bought on credit- Citi. LONDON, Jan 23- Shares in European carmakers powered to record highs on Friday as investors bet the European Central Bank's trillion-euro bond-buying plan would drive down the cost of car financing as well as boost eurozone companies' exports. Some 70 percent of cars in developed markets are bought on credit, according to...

  • *FTSEurofirst 300 rises 1.4 pct, hits 7- year high. PARIS, Jan 23- European shares rose in early trade on Friday, enjoying their best two-week rally in five years, as investors cheered the European Central Bank's decision to buy government bonds. Cyclical stocks such as carmakers, seen as the big winners of the drop in the euro currency, featured among the biggest...

  • European shares extend rally on ECB boost Friday, 23 Jan 2015 | 3:11 AM ET

    PARIS, Jan 23- European shares rose in early trade on Friday, gaining ground for the seventh consecutive session, as investors cheered the European Central Bank's decision to buy government bonds. Cyclical stocks such as carmakers featured among the biggest gainers again, with BMW up 2.3 percent and PSA Peugeot Citroen up 2.2 percent. Ghosn told participants at...

  • PARIS, France, Jan 19- French carmaker Renault will make "massive investments" in China, it said on Monday, aiming to ramp up sales of locally-built vehicles in the world's biggest car market and cut its dependence on cash-strapped Europeans. Renault has lagged European rivals such as France's PSA Peugeot Citroen and Germany's BMW and Mercedes in expanding in...

  • Jan 12- While General Motors Co's Chevrolet on Monday pulled the wraps off a tiny, environmentally friendly electric car called the Bolt, rival Ford Motor Co was showing off a 400- plus-horsepower pickup truck better suited to burning rubber than hauling hay. The new F-150 Raptor has racing shock absorbers, a 10- speed transmission and the word FORD splayed...

  • TOKYO, Dec 25- Fuji Heavy Industries, the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant and will instead make the SUV in Japan, a source familiar with the company's production plans said. Fuji Heavy, which has a policy of making cars in markets where they are sold, decided to make the new vehicle in...

  • DETROIT, Dec 19- General Motors Co has developed contingency plans in case recalls of potentially lethal Takata- made air bag inflators widens, forcing the U.S. automaker to repair millions of vehicles, the company said on Friday. GM's plans include directing Takata to share with rivals TRW and Autoliv the No. 1 U.S. automaker's air bag specifications and data so...

  • TOKYO, Dec 19- Japan's Nissan Motor Co and French partner Renault SA have stopped taking orders for some cars in Russia and could raise prices on others if the rouble's plunge continues, alliance Chief Executive Carlos Ghosn said on Friday. Russia is Nissan's fifth-largest market and the Japanese firm's alliance with Renault SA, of which Ghosn is chairman and...

  • TOKYO, Dec 19- Japan's Nissan Motor Co and French partner Renault SA have stopped taking orders for some cars in Russia and could raise prices on others if the rouble's plunge continues, alliance Chief Executive Carlos Ghosn said on Friday. Russia is Nissan's fifth-largest market and the Japanese firm's alliance with Renault SA, of which Ghosn is chairman and...

  • TOKYO, Dec 19- Japanese automaker Nissan Motor Co is faring better than peers in Russia as domestic production via an alliance with the country's biggest auto firm shields it against the rouble's plunge, Chief Executive Carlos Ghosn said on Friday. Russia is Nissan's fifth-largest market and the Japanese firm's alliance with Renault SA, of which Ghosn is...

  • *Looking to raise 100- 150 mln stg in debt or equity-source. PARIS/ LONDON, Dec 11- Aston Martin is preparing to raise funds to expand its range of models into new areas including crossover SUVs, two sources with knowledge of the matter said, as the loss-making sports car maker steps up its turnaround efforts under a new boss. Aston Martin, James Bond's carmaker of...

  • SHANGHAI, Oct 25- Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday. Carlos Ghosn, head of Japanese carmaker Nissan Motor Co Ltd and its French alliance partner Renault SA, told the same conference he was still optimistic about China's outlook.

  • Mercedes in turn will supply its 2 litre four cylinder gasoline engine for use by Nissan's premium brand Infiniti. Nissan has also been granted a licence to make Daimler's 9- speed automatic transmission for use in Infiniti vehicles. Nissan will supply Daimler's Japanese commercial vehicles unit Mitsubishi Fuso Truck and Bus Corporation with a...

  • In a joint press release, Daimler and Renault said the partnership would include an agreement for Renault to supply Daimler with a 1.5 litre four cylinder diesel engine for use in its Mercedes-Benz C-Class. Mercedes in turn will supply its 2 litre four cylinder gasoline engine for use by Nissan's premium brand Infiniti. Nissan has been granted a licence to make...