nissan News Updates

Under the deal, Nissan and Honda will share standardized parts in “core ECUs,” or electronic control units, as well as software.

Stellantis and Nissan are in talks to take over some of the assets of Marelli, the auto parts maker that’s mired in a challenging reorganization in bankruptcy.

Quarterly sales declined nearly 2% to $22 billion. Nissan said it was working on cost cuts and other efforts to become more profitable.

Nissan expects to build a V6 engine-powered hybrid version of its Xterra SUV at its Canton, Miss., plant.

An Ariya model with Wayve technology will be available in 2027.

Nissan plans to shutter vehicle output at its main domestic plant and transfer operations to a factory in Kyushu as it seeks to reduce costs and production capacity.

Nissan plans to sell about $5 billion in debt to help fund CEO Ivan Espinosa’s turnaround of the ailing automaker, part of a broader financing initiative to keep operations on track.

Nissan is recalling more than 480,000 of its vehicles across the U.S. and Canada due to potential manufacturing defects that could cause engine failure.

The loan, which is being provided by Deutsche Bank and other senior Marelli lenders, will need to be approved in two stages, which is typical in large corporate bankruptcy cases.

Marelli Holdings, the struggling auto parts supplier for Nissan and Stellantis, plans to seek Chapter 11 bankruptcy protection in the U.S. to slash its debt burden and restructure.