CANTON, Miss.— Supporters of the United Auto Workers say they're not giving up their fight to unionize a Nissan auto assembly plant in Mississippi after a stinging defeat, even as UAW opponents say Friday's loss proves workers don't want the union. "They know we didn't need it," said Nissan worker Kim Barber, an outspoken union opponent who said she was celebrating...
CANTON, Miss.— Workers at a Nissan assembly plant in Mississippi have voted against forming a union, adding to decades of futility by United Auto Workers organizers at foreign-owned auto plants in the American South. "Our expectation is that the UAW will respect and abide by their decision and cease their efforts to divide our Nissan family."
PARIS, July 28- Weaker Renault pricing kept a lid on core profitability in the first half, the French carmaker said, rattling investors and sending its shares sharply lower. Renault's automotive margin was "slightly up on last year but still a little bit below some of the benchmarks," Societe Generale analyst Stephen Reitman said. The Renault-Nissan alliance...
PARIS, July 28- Softer Renault pricing kept a lid on core profitability in the first half, the French carmaker said, even as the inclusion of Russian Lada sales and higher earnings from partner Nissan pushed revenue and profit to a new record. The core automotive margin was "slightly up on last year but still a little bit below some of the benchmarks," Societe Generale...
PARIS, July 5- Shares in French carmaker Renault edged up on Wednesday after Renault struck a deal to buy a 49 percent stake in Shenyang Brilliance JinBei Automobile company as part of its move to boost sales in China of light commercial vehicles. Renault shares were up 0.2 percent in early session trading, outperforming a 0.1 percent decline on France's...
YOKOHAMA, June 27- Nissan Motor Co on Tuesday said it paid CEO Carlos Ghosn 1.098 billion yen in the year ended March, up 2.5 percent from the previous year. Ghosn, one of the best-paid auto executives, received a separate salary of 7.06 million euros last year as CEO of Renault SAC, Nissan's automating alliance partner. Ghosn stepped down as Nissan CEO at the end of...
TOKYO, June 22- A hastily-assembled group of investors looks set to win the bid for Toshiba Corp's prized memory chip business, but a lack of clear leadership or industry clout is raising questions about who will take tough decisions about strategy and investment. After a fiercely contested, months-long auction, Toshiba on Wednesday said a consortium of...
PARIS, June 15- Renault-Nissan has no current plans to introduce an additional bonus scheme for executives at the carmaking alliance, Chairman Carlos Ghosn said on Thursday. Ghosn made the comments at Renault's annual shareholder meeting after Reuters reported that alliance bankers had drawn up plans designed to channel millions of euros in extra,...
PARIS, June 13- Renault-Nissan alliance bankers have drawn up plans designed to channel millions of euros in additional, undisclosed bonuses to Chairman Carlos Ghosn and other managers via a specially created service company, according to documents seen by Reuters. The funds would be passed on as cash and stock bonuses to "encourage executives to pursue...
*Alliance to name single operating chief- sources. PARIS, June 7- Renault-Nissan boss Carlos Ghosn is recruiting a new operational second-in-command for the carmaking alliance, company sources told Reuters, in a move designed to prepare his own succession and advance the companies' integration. Nissan Chief Performance Officer Jose Munoz and CCO Yasuhiro...
*Alliance to name single operating chief- sources. *Ghosn prepared to chase more savings without merger. PARIS, June 7- Renault-Nissan boss Carlos Ghosn is recruiting a new operational second-in-command for the carmaking alliance, company sources told Reuters, in a move designed to prepare his own succession and advance the companies' integration.
*Annual op profit seen at Y685 bln vs Y778.4 bln street view. TOKYO, May 11- Nissan Motor Co forecast an unexpected 7.7 percent fall in operating profit this year on higher raw material costs and a negative currency impact, as it adjusts to changes in the U.S. market, its biggest, where larger vehicles are in demand. Nissan, Japan's second-largest automaker, expects a...
*Annual op profit seen at Y685 bln vs Y778.4 bln street view. TOKYO, May 11- Nissan Motor Co forecast an unexpected 7.7 percent fall in operating profit this year on higher raw material costs and a negative currency impact, as it adjusts to changes in the U.S. market, its biggest, where larger vehicles are in demand. Nissan, Japan's second-largest automaker, expects a...
PARIS, March 24- The European Investment Bank has asked French investigators to find out whether 800 million euros of EU-backed loans to Renault could have been used to develop test-cheating diesel engines, according to documents seen by Reuters. The European Union lending arm wrote to judges leading a fraud investigation into preliminary findings that...
LONDON, March 16- European shares hit their highest level in 15 months on Thursday after the Federal Reserve signalled no pick-up in the pace of monetary tightening and centre-right Prime Minister Mark Rutte won elections in the Netherlands. Amsterdam's AEX index hit its highest level in more than nine years, also rising 0.6 percent, while both Germany's DAX...
*Anglo American tops STOXX after billionaire buys stake. Fed raised rates and center-right Prime Minister Mark Rutte won elections in the Netherlands. Amsterdam's AEX index hit its highest level in more than nine years, up 0.7 percent, while both Germany's DAX and France's CAC 40 hit their highest levels since mid-2015.
Fed raised rates and Dutch center-right Prime Minister Mark Rutte won elections in the Netherlands. Amsterdam's AEX hit its highest level in more than nine years, up 0.7 percent, while both Germany's DAX and France's CAC 40 hit their highest levels since mid-2015. Dutch center-right Prime Minister Mark Rutte scored a resounding victory over anti-Islam and...
PARIS, March 15- France's consumer fraud watchdog told prosecutors that Renault boss Carlos Ghosn should be held responsible for the carmaker's suspected diesel emissions cheating, a judicial source said on Wednesday. The comments were included in a dossier submitted last November by the finance ministry's DGCCRF anti-fraud body, the source said.
GENEVA, March 10- Mitsubishi Motors and its new parent Nissan are studying joint production of pickup trucks in Southeast Asia as they look for savings within the broader Renault-Nissan alliance, a senior executive told Reuters. The Japanese groups may pool technical underpinnings and production of future replacements for the Thai-built Nissan Navara and...
Feb 23- Newly promoted to CEO at Nissan Motor, Hiroto Saikawa will bring a gruff, tough, no-nonsense approach to leading Japan's second-biggest car maker at a time of rapid technological change in the industry. The 63- year-old takes over in April from Carlos Ghosn, who engineered Nissan's recovery from years of losses and debt through broad cost-cutting and...
