Nissan Motor Stock News

GM CEO Mary Barra hinted at this shift during an earnings call earlier this year, emphasizing the company's capacity to adapt.

Nissan Motor said on Thursday it will halt new orders of two Mexican-built Infiniti SUVs for the U.S. market after new auto tariffs imposed by President Donald Trump took effect.

Japanese automakers have long relied on the "dependable and affordable" appeal of their economy cars to drive U.S. sales, thanks in part to low-cost production in Mexico. Now, U.S. President Donald Trump is turning that business model on its head.

Ten car manufacturers, including BMW and Ford , and two trade bodies have reached a settlement with the UK's competition regulator to pay 77.7 million pounds ($100.43 million) in a fine after admitting to breaking competition law in relation to vehicle recycling, Competition and Markets Authority said on Tuesday.

The deal lowers the minimum required voting stake they must hold in each other to 10%, from 15%.

Automakers Renault and Nissan said on Monday they had agreed to further amend their long-standing partnership to allow for a reduction in their cross-shareholdings to 10%, down from 15% previously.

Renault Group said on Monday it would acquire the remaining 51% shareholding in Renault Nissan Automotive India Private Ltd, currently held by Nissan Motor Corp , taking complete ownership of the manufacturing plant.

Investors fretted over U.S. President Donald Trump's tariffs on cars and certain auto parts not made in the country, sending Asian auto stocks down for a second day. The new tariffs will take effect on April 2, and will target imported passenger vehicles and light trucks, as well as key automobile parts including engines and transmissions, the White House said.