Nissan Motors ADR (NSANY)

$10.60 0.00 (0.00%)

16:43 EDT NSANY Stock Quote Delayed 30 Minutes

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The current chip shortage threatens to curb short-term growth of car stocks

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Volume:

Previous Close -

Market Cap -

PE Ratio -

EPS -

Volume (Avg. Vol.)

Day's Range 10.60 - 10.60

52-Week Range 6.24 - 12.74

Dividend & Yield 0.95 (8.99%)

NSANY Stock Predictions, Articles, and Nissan Motors ADR News

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AUTOSHOW-Nissan to focus on fuel-sipping technology and electric cars in China

From Yahoo Finance Apr 19, 2021

Japan's Nissan Motor Co , which is racing to lift margins and curb costs amid slowing sales, showed off a redesigned version of its X-Trail model on Monday and announced a green car strategy for China at the Shanghai auto show. The redesigned X-Trail sport-utility vehicle (SUV) was on display after a similar SUV called the Rogue hit the U.S. market last year.

Renesas Aims for Full Production at Chip Plant in May

From Yahoo Finance Apr 19, 2021

(Bloomberg) -- Renesas Electronics Corp. said it is aiming to resume full production at its fire-hit chip factory by the end of May, roughly in line with its previous target.Chief Executive Officer Hidetoshi Shibata gave the updated progress report at a briefing in Tokyo on Monday.The Japanese chipmaker restarted partial production at the plant over the weekend, two days ahead of its original schedule. The facility in Naka, north of Tokyo, suffered a fire on March 19 and the company said previously it would need about 100 days to get the factory back to its previous shipment volumes.“I appreciate all the help from our partners that enabled us to restart the factory without falling behind,” Shibata said.Read more: Renesas Restarts Fire-Hit Chip Factory Days Ahead of ScheduleThe incident hit as the global semiconductor industry is suffering through unprecedented shortages, leaving automakers in particular short of components that they need for their vehicles. Even before the fire, car manufacturers were expected to miss out on $61 billion of sales this year alone. Renesas is one of the top providers of automotive chips, used by virtually all the top carmakers.Renesas warned in March that there would be a vacuum of about a month when the company would be unable to ship chips from the factory. The company had asked other chipmakers to deliver components to customers on its behalf, but estimated it would lose revenue of as much as 24 billion yen due to the fire.“Sales in the second quarter could decrease due to the fire, which may reduce the company’s operating income by 10 billion to 15 billion yen,” Bloomberg Intelligence’s Masahiro Wakasugi said.Renesas, whose chips are used by Toyota Motor Corp., Ford Motor Co. and Nissan Motor Co., gets about half its revenue from car chips. The Naka plant makes parts used in automotive and industrial applications.(Corrects the timeframe of previous plan from first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Nissan to focus on fuel-sipping technology and electrification in China

From Yahoo Finance Apr 18, 2021

Japan's financially challenged Nissan Motor Co is expected to show off a new "must-succeed" car and explain its green-car strategy for China at the Shanghai auto show which starts on Monday, two company officials told Reuters. The car Nissan plans to show off at the motor show is the significantly redesigned X-Trail sport-utility vehicle (SUV). The new X-Trail will be available in China later this year.

Nissan Motors ADR (NSANY)

7 Car Stocks To Sell on the Chip Shortage

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7 Stocks to Sell Impacted by the Mexican Tariffs

Louis Navellier's Top 6 Stocks for 2021

Louis Navellier's Total Grade

Is ? a BUY?

Louis Navellier's Total Grade

Louis Navellier's Total Grade

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Nissan Motors ADR (NSANY)

Louis Navellier's Top 6 Stocks for 2021

Louis Navellier's Total Grade

Is ? a BUY?

Louis Navellier's Total Grade

Louis Navellier's Total Grade

Fundamental Grade

Quantitative Grade

NSANY Stock Predictions, Articles, and Nissan Motors ADR News

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