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Toyota Roars Back With Robust Profit Forecast, Share Buyback


Toyota Roars Back With Robust Profit Forecast, Share Buyback
May 12 2021, 7:18 PM
May 12 2021, 9:59 AM
May 12 2021, 7:18 PM
(Bloomberg) Toyota Motor Corp. unveiled a 250 billion yen ($2.3 billion) share buyback and expects to return to pre-pandemic profitability in the current fiscal year as its ability to keep churning out vehicles amid a global shortage of automotive chips puts it in a prime position to capitalize on swiftly recovering demand for cars.
(Bloomberg) Toyota Motor Corp. unveiled a 250 billion yen ($2.3 billion) share buyback and expects to return to pre-pandemic profitability in the current fiscal year as its ability to keep churning out vehicles amid a global shortage of automotive chips puts it in a prime position to capitalize on swiftly recovering demand for cars. ....

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Nissan in Pole Position to Build the Apple Car


autoevolution
10 Feb 2021, 7:04 UTC ·
by
Apple is currently seeking a new partner that could eventually manufacture its upcoming Apple Car, all after the negotiations with Hyundai failed to reach any conclusion. While some believe BMW or Magna could end up building the car, Nissan suggests it’s ready to do it.
1 photo
Speaking in a conference after revealing the company’s quarterly results, Nissan Chief Executive Officer Makoto Uchida also commented on the chances regarding a possible collaboration with Apple on the manufacturing of an electric vehicle.

We need to take new initiatives,” he said according to the WSJ. “
[We need to] work with companies that are knowledgeable, with good experience, through partnership and collaboration.” ....

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Nissan Trims Full-Year Loss Outlook as Covid-Hit Sales Recover


Nissan Ekes Out Profit as Sales Show First Sign of Recovery
Bloomberg
2/9/2021
River Davis and Tsuyoshi Inajima
© Bloomberg
Newly manufactured automobiles parked at the Nissan Motor Co. plant in Sunderland, U.K., on Friday, Dec. 18, 2020. Nissan Motor Co. has opted to ship an upcoming electric vehicle to Europe from Japan rather than produce it in the U.K., where one of its largest factories faces existential risk from a hard Brexit.
(Bloomberg) Nissan Motor Co. trimmed its loss outlook for the fiscal year and posted a surprise operating profit for the most recent quarter, a sign the beleaguered automaker is beginning to recover from the worst of the pandemic’s impact on its already depressed sales. ....

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