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    7201   JP3672400003

NISSAN MOTOR CO LTD

(7201)
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Delayed Japan Exchange  -  05/20 02:00:00 am EDT
496.90 JPY   +2.88%
05/20LUCA DE MEO : Renault boss Luca de Meo could return to Japan in June - source
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05/20Nissan, Mitsubishi Motors unveil light EVs for Japan
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05/19Nissan Pathfinder and Maxima named as Parents 'Best Family Cars 2022'
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Renault boss Luca de Meo could return to Japan in June - source

05/20/2022 | 09:22am EDT
Renault's new hydrogen fuel cell-powered vehicle in Paris

(Reuters) - The head of French carmaker Renault could return to Japan in June for the second time in two months, a source close to the matter told Reuters, a sign of intensifying talks with partner Nissan on a planned carve-out of its electric vehicle business.

CEO Luca de Meo, could return to Japan for the Renault-Nissan-Mitsubishi alliance's next Alliance Operating Board (AOB) meeting, the source said. The AOB is exceptionally taking place in Japan for the second time in a row to coincide with Nissan's general meeting, the source added.

This would be de Meo's second time in Japan in two months, after he recently spent several days with his Japanese partners.

Renault has left the door open for Nissan to join its plan to create an entity dedicated to electric vehicles, designed to improve its image as an EV company in the face of renewed competition.

Renault and its partners were pioneers in electric cars at the start of the previous decade, but they have since been eclipsed by pure player Tesla and the ambitions of Volkswagen.

(Reporting by Gilles Guillaume; Writing by Sarah Morland; Editing by GV De Clercq)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
MITSUBISHI CORPORATION 0.00% 4356 Delayed Quote.19.28%
NISSAN MOTOR CO LTD 2.88% 496.9 Delayed Quote.-10.60%
RENAULT 0.25% 24.175 Real-time Quote.-20.85%
TESLA, INC. -6.42% 663.9 Delayed Quote.-37.18%
VOLKSWAGEN AG 0.25% 145.68 Delayed Quote.-17.92%
All news about NISSAN MOTOR CO LTD
05/20LUCA DE MEO : Renault boss Luca de Meo could return to Japan in June - source
RE
05/20Nissan, Mitsubishi Motors unveil light EVs for Japan
RE
05/19Nissan Pathfinder and Maxima named as Parents 'Best Family Cars 2022'
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05/19Shell partners with Nissan to create hybrid rally concept car
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05/19Renault unveils hydrogen-powered prototype SUV in race to cleaner driving
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05/17All-new 2023 Nissan Z MSRP to start at $39,990; Latest generation of Nissan's iconic sp..
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05/16Japan Index Ends Higher as Shanghai Businesses Begin to Reopen; Honda Down 4% on 41% De..
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Analyst Recommendations on NISSAN MOTOR CO LTD
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Financials
Sales 2022 8 673 B 67 830 M 67 830 M
Net income 2022 221 B 1 732 M 1 732 M
Net Debt 2022 5 298 B 41 433 M 41 433 M
P/E ratio 2022 8,81x
Yield 2022 0,69%
Capitalization 1 945 B 15 213 M 15 213 M
EV / Sales 2022 0,84x
EV / Sales 2023 0,74x
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 496,90 JPY
Average target price 685,88 JPY
Spread / Average Target 38,0%
EPS Revisions
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
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