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Nissan, a key player in the electric vehicle (EV) industry, may sell its global headquarters in Yokohama, Japan, valued at $700 million, as part of a broader cost-cutting strategy to navigate financial challenges. According to a recent report by Nikkei Asia, the Japanese automaker is exploring asset sales to stabilize its operations after reporting a…
Nissan Motor Co. is nearing a deal to source electric vehicle (EV) batteries in the U.S. from a joint venture between Ford Motor Co. and South Korea’s SK On, a move aimed at navigating new tariffs and revitalizing EV production. According to a recent Bloomberg report, this collaboration could reshape the EV landscape by strengthening…
Following the collapse of merger talks between Nissan and Honda in February 2025, Toyota reportedly reached out to Nissan to explore a potential partnership, according to Japan’s Mainichi Shimbun via Automotive News. This move underscores Toyota’s ambition to bolster its electric vehicle (EV) strategy amid intensifying global competition, offering significant implications for EV enthusiasts and…
Electric vehicle (EV) owners may soon turn their cars into income sources while they rest, thanks to a new initiative by ChargeScape. This joint venture, backed by BMW, Ford, Honda, and Nissan, is revolutionizing how EVs interact with the power grid, offering financial incentives and grid stability. Reported by Axios, this development highlights a growing…
Nissan Motor Co., once a pioneer in electric vehicles with the Leaf, reported a staggering $4.5 billion net loss for fiscal 2024, its worst financial performance in 25 years, prompting a drastic restructuring plan. Bloomberg reported that the Japanese automaker is grappling with an outdated lineup, declining U.S. sales, and looming tariffs, raising questions about…
Lucid Group Inc., backed by Saudi Arabia’s sovereign wealth fund, is advocating for tariffs on foreign vehicles to strengthen the kingdom’s nascent auto manufacturing sector and reduce its heavy reliance on imports. Interim CEO Marc Winterhoff stressed the urgency of such measures during an interview at the Saudi-US Investment Forum in Riyadh, stating, “Not doing…
Nissan Motor Co. is intensifying its turnaround with a drastic restructuring plan, slashing 10,000 additional jobs and closing seven assembly plants worldwide to bolster its electric vehicle (EV) strategy, as announced by CEO Ivan Espinosa on May 13, 2025. This move, part of the new Re:Nissan revival plan, aims to streamline operations and prioritize U.S.-based…
A new Electric Vehicle Intelligence Report (EVIR) reveals shifting consumer perceptions in the U.S. electric vehicle (EV) market, with Honda, Chevrolet, and Ford gaining ground as Tesla’s brand reputation weakens. Based on a survey of over 8,000 U.S. consumers, the report highlights practical concerns like range and charging infrastructure driving EV purchase decisions, while Tesla…
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