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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Nissan Motor Co., Ltd.    7201   JP3672400003

NISSAN MOTOR CO., LTD.

(7201)
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Honda, Fiat Chrysler aim to restart U.S., Canada auto production in May

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04/06/2020 | 04:48pm EDT
Honda Motor's logo is seen on Civic sedan car at its showroom in Tokyo

Honda Motor Co and Fiat Chrysler Automobiles NV said on Monday they hope to restart U.S. and Canadian auto production in May amid the ongoing coronavirus pandemic.

The Japanese automaker halted production on March 23 and said it will extend the halt through May 1.

Fiat Chrysler said Monday it "intends to progressively restart its U.S. and Canadian manufacturing facilities beginning May 4."

U.S. President Donald Trump last week extended the guidelines aimed at slowing the spread of the coronavirus to April 30.

Several U.S. auto industry executives told Reuters on Monday it will be nearly impossible for companies to resume production before the end of the month -- and there is no assurance automakers will be able to resume production in early May. Other automakers plan to extend current production halts later this week, automakers told Reuters.

It will also take auto suppliers time to resume production. In an internal estimate, Ford Motor Co said last week it believed 600,000 U.S. industry auto sales may have been lost in March because of the coronavirus outbreak.

Honda noted many consumers are unable to purchase vehicles and said it "must continue to suspend production in order to align product supply with a lack of market demand." Some states have barred car dealers from selling new cars while "stay at home" order are in place.

Last week, Nissan Motor Co said it would extend its U.S. production halt into late April. Toyota Motor Corp has halted U.S. and Canadian production through April 17.

Ford said last week it was postponing its plan to restart production at its North America. Ford had been aiming to resume production at several key U.S. plants on April 14, but then said it would now do so at dates to be announced later. Ford said Monday it is "continuing to assess public health conditions, government guidelines and supplier readiness to determine when the time is right to resume production in our North American plants."

General Motors Co has shuttered its plants indefinitely and has not provided a date for vehicle production to restart.

Automakers are working on additional employee protections to add when they restart, including new personal protective gear, staggering shift starts, more frequent cleanings and new social distancing rules.

Fiat Chrysler said it will redesign "work stations to maintain proper social distancing and expanding the already extensive cleaning protocols at all locations."

(Reporting by David Shepardson; Editing by Chris Reese and Alistair Bell)

By David Shepardson

Stocks mentioned in the article
ChangeLast1st jan.
FIAT CHRYSLER AUTOMOBILES N.V. 1.05% 7.416 Delayed Quote.-43.79%
HONDA MOTOR CO., LTD. -1.31% 2523 End-of-day quote.-18.59%
NISSAN MOTOR CO., LTD. -2.51% 373 End-of-day quote.-41.36%
TOYOTA MOTOR CORPORATION -1.15% 6289 End-of-day quote.-18.47%
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Financials (JPY)
Sales 2020 9 978 B
EBIT 2020 -41 605 M
Net income 2020 -91 680 M
Debt 2020 6 730 B
Yield 2020 2,98%
P/E ratio 2020 -44,3x
P/E ratio 2021 -4,88x
EV / Sales2020 0,82x
EV / Sales2021 0,98x
Capitalization 1 460 B
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Technical analysis trends NISSAN MOTOR CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 20
Average target price 473,33 JPY
Last Close Price 373,00 JPY
Spread / Highest target 297%
Spread / Average Target 26,9%
Spread / Lowest Target -24,9%
EPS Revisions
Managers
NameTitle
Makoto Uchida Executive President & Chief Executive Officer
Yasushi Kimura Chairman
Ashwani Gupta COO & Representative Executive Officer
Stephen Ma Chief Financial Officer & Executive Officer
Anthony Thomas Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
NISSAN MOTOR CO., LTD.-41.36%13 577
TOYOTA MOTOR CORPORATION-18.47%161 816
VOLKSWAGEN AG-24.66%74 796
HONDA MOTOR CO., LTD.-18.59%40 520
GENERAL MOTORS COMPANY-29.02%37 179
DAIMLER AG-36.52%36 524