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    7201   JP3672400003

NISSAN MOTOR CO., LTD.

(7201)
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Automakers mandate masks at all U.S. plants but not requiring vaccines

08/03/2021 | 02:52pm EDT
FILE PHOTO: A Stellantis sign is seen outside company headquarters in Auburn Hills,

WASHINGTON (Reuters) - Detroit's Big Three automakers and the United Auto Workers (UAW) union said on Tuesday they will reinstate requirements to wear masks at all U.S. plants, offices and warehouses beginning on Wednesday, but are not requiring workers to be vaccinated.

The move is in response to the Center for Disease Control and Prevention's (CDC) change in COVID-19 guidance for masks for fully vaccinated people related to the Delta variant, General Motors Co, Ford Motor Co and Chrysler parent Stellantis NV said in a joint statement with the union.

Toyota Motor Corp said effective Wednesday it will reinstate mask requirements at nearly all U.S. facilities, with the exception of two Michigan facilities that are in counties with moderate transmission rates.

Nissan Motor Co also said Tuesday it was reinstating its mask requirements for all U.S. employees. Volkswagen AG said it was requiring masks at U.S. facilities in COVID-19 hot spots, while Daimler AG's Mercedes-Benz U.S. unit said it had reinstated mask requirements at U.S. plants late last week.

The UAW does not support requiring all workers to be vaccinated for COVID-19 and U.S. automakers have not mandated vaccines. The union and automakers are strongly encouraging workers to get vaccinated.

"We are urging all UAW members and their families to get vaccinated. The science is telling us very clearly that the only way to get back to normal is to reach a heightened level of immunity," UAW President Ray Curry told members in a letter Tuesday. "However, we also know that for some, there are religious and health reasons for not getting vaccinated."

The CDC said last week fully vaccinated people should wear masks indoors in public spaces in places with substantial or high COVID-19 community transmission rates. The CDC said on Monday that almost 80% of U.S. counties are now at those levels.

In June, the U.S. automakers and UAW announced that fully vaccinated workers at their U.S. factories would not have to wear masks on the job beginning on July 12. Numerous automakers operating in the United States had already begun lifting pandemic mask mandates as cases declined.

Other companies as well as federal, state and local governments are putting more pressure on individuals to get vaccinated. New York City on Tuesday said it will require proof of vaccination for people engaged in indoor activities such as dining, working out in a gym, or seeing a show.

Meat packer Tyson Foods said it will require workers to get COVID vaccinations, joining companies including Walt Disney Co and Walmart Inc in instituting such a requirement for some parts of their workforces.

U.S. President Joe Biden has ordered workers at federal agencies to get vaccinated or submit to regular testing.

(Reporting by David Shepardson; Additional reporting by Joe White in Detroit; Editing by David Gregorio and David Holmes)

By David Shepardson


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DAIMLER AG -0.52% 72.13 Delayed Quote.25.47%
NISSAN MOTOR CO., LTD. -0.19% 571.3 End-of-day quote.2.02%
TOYOTA MOTOR CORPORATION 0.65% 9940 End-of-day quote.24.92%
VOLKSWAGEN AG -1.55% 193.48 Delayed Quote.28.93%
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Analyst Recommendations on NISSAN MOTOR CO., LTD.
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Financials
Sales 2022 9 552 B 87 040 M 87 040 M
Net income 2022 126 B 1 152 M 1 152 M
Net Debt 2022 5 575 B 50 801 M 50 801 M
P/E ratio 2022 17,7x
Yield 2022 0,59%
Capitalization 2 236 B 20 384 M 20 370 M
EV / Sales 2022 0,82x
EV / Sales 2023 0,76x
Nbr of Employees 131 461
Free-Float 45,7%
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Technical analysis trends NISSAN MOTOR CO., LTD.
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 571,30 JPY
Average target price 703,53 JPY
Spread / Average Target 23,1%
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Managers and Directors
Makoto Uchida Executive President & Chief Executive Officer
Stephen Ma Chief Financial Officer & Executive Officer
Yasushi Kimura Chairman
Anthony Thomas Chief Information Officer
Ashwani Gupta COO & Representative Executive Officer
Sector and Competitors
1st jan.Capi. (M$)
NISSAN MOTOR CO., LTD.2.02%20 475
TOYOTA MOTOR CORPORATION24.92%250 292
VOLKSWAGEN AG28.93%145 880
DAIMLER AG25.47%91 673
GENERAL MOTORS COMPANY24.45%75 228
GREAT WALL MOTOR COMPANY LIMITED11.65%71 138