According to foreign media reports, S&P Global Ratings has recently downgraded the long-term issuer credit rating of Nissan and its overseas subsidiaries to the “BB” level, mainly based on the pessimistic expectations that the company’s profits will not recover in the short term. Meanwhile, S&P Global Ratings maintains Nissan’s […]
According to Bloomberg, electric truck maker Nikola, a bankruptcy maker, has obtained court approval to initiate auction proceedings at its U.S. manufacturing plant in Arizona. Creditors said the asset may have special value to automakers in the context of frequent tariff adjustments by the Trump administration. […]
According to foreign media reports, the European Commission recently decided to give automakers three years to meet new carbon dioxide emission targets for automobiles and vans, rather than just one year. European Commission President Ursula von der Leyen said on […]
According to the U.S. Automotive News, the latest data from Canadian auto consulting firm DesRosiers Automotive Consultants (DAC) shows that due to the sharp decline in sales of pure electric vehicles and the high base for the same period last year, Canada’s new car sales in February […]
According to foreign media reports, Volkswagen will urgently recall some SUV models and warn the owners. Volkswagen said the recall involves 2024-2025 Atlas and Atlas Cross Sport models, with a total of 177,493 cars. These vehicles may have the potential for loose engine hoods, which will cause […]
According to foreign media reports, three people familiar with the matter revealed that the Nissan Motor’s board of directors will hold a meeting on March 11 to discuss the potential successor of CEO Makoto Uchida. Due to the poor performance of the Japanese automaker business, Makoto Uchida’s […]