Asia autos correspondent, Tokyo
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Jun 29, 2011

Renault eyes 35 pct stake in Russia’s AvtoVaz, Nissan 15 pct

TOKYO, June 29 (Reuters) – Renault SA may raise
its stake in top Russian car maker AvtoVAZ to 35
percent, while Nissan Motor Co will likely own 15
percent, Renault-Nissan CEO Carlos Ghosn said in an analyst
presentation.

Ghosn gave the breakdown during a presentation to financial
analysts of Nissan’s new, six-year business plan on Monday,
according to several participants reached by Reuters on
Wednesday.

Jun 29, 2011

Renault eyes 35 pct stake in Russia’s AvtoVaz, Nissan 15 pct

TOKYO, June 29 (Reuters) – Renault SA may raise
its stake in top Russian car maker AvtoVAZ to 35
percent, while Nissan Motor Co will likely own 15
percent, Renault-Nissan CEO Carlos Ghosn said in an analyst
presentation.

Ghosn gave the breakdown during a presentation to financial
analysts of Nissan’s new, six-year business plan on Monday,
according to several participants reached by Reuters on
Wednesday.

Jun 28, 2011

Nissan hopes to hit 8 pct op margin within 3 yrs-CEO

YOKOHAMA, Japan, June 28 (Reuters) – Nissan Motor Co’s
chief executive said on Tuesday he hopes the company
can reach its operating profit margin target of 8 percent during
the first three years of a newly announced business plan.

Carlos Ghosn unveiled a six-year growth plan, called “Nissan
Power 88″, on Monday targeting an 8 percent global market share
and operating profit margin by the business year ending in March
2017.

Jun 28, 2011

Honda CFO says profit forecast not conservative

TOKYO (Reuters) – Honda Motor Co’s (7267.T: Quote, Profile, Research, Stock Buzz) annual operating profit forecast is not conservative given the yen’s strength and soaring raw materials prices, the automaker’s chief financial officer said on Tuesday.

Japan’s No.3 automaker this month forecast a worse-than-expected 65 percent fall in annual operating profit to 200 billion yen ($2.5 billion) for the year to March 2012. Many analysts consider its guidance overly conservative, with consensus forecasts putting the profit at 412 billion yen, according to Thomson Reuters I/B/E/S.

Jun 27, 2011

Nissan targets 8 percent market share, margin in 6 years

YOKOHAMA, Japan (Reuters) – Nissan Motor (7201.T: Quote, Profile, Research, Stock Buzz) outlined plans to boost both its global market share and profit margin to 8 percent within six years, promising a new vehicle every six weeks on average to woo consumers away from rivals.

The new mid-term business plan, dubbed Nissan Power 88, will focus on the major emerging markets of Brazil, Russia, India and China, as well as newly developing ones in Southeast Asia, Chief Executive Carlos Ghosn said.

Jun 23, 2011

Nissan sees annual operating profit down 14 percent

YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research) forecast a better-than-expected 14.4 percent fall in annual operating profit on Thursday, defying a quake-induced setback in the past few months and projecting another year of record sales.

Japan’s No. 2 automaker forecast an operating profit of 460 billion yen ($5.7 billion) for the year to March 2012, above an average forecast of 432 billion yen in a survey of 21 analysts by Thomson Reuters I/B/E/S.

Jun 23, 2011

Nissan profit view beats consensus

YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research) forecast a better-than-expected 14.4 percent fall in annual operating profit on Thursday, defying a quake-induced setback in the past few months and projecting another year of record sales.

Japan’s No. 2 automaker forecast an operating profit of 460 billion yen (3.5 billion pounds) for the year to March 2012, above an average forecast of 432 billion yen in a survey of 21 analysts by Thomson Reuters I/B/E/S.

Jun 23, 2011

Nissan sees annual op profit down 14 percent, above consensus

YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) forecast a better-than-expected 14.4 percent fall in annual operating profit on Thursday, defying a quake-induced setback in the past few months and projecting another year of record sales.

Japan’s No. 2 automaker forecast an operating profit of 460 billion yen ($5.7 billion) for the year to March 2012, above an average forecast of 432 billion yen in a survey of 21 analysts by Thomson Reuters I/B/E/S.

Jun 23, 2011

Suzuki surprises with forecast for profit rise

TOKYO, June 23 (Reuters) – Suzuki Motor Corp
forecast a better-than-expected 2.9 percent rise in annual
operating profit on Thursday powered by a sales surge in Asia
and a swift resolution to post-quake disruption to vehicle
production.

Suzuki said domestic factories were gradually returning to
conditions before the March 11 earthquake, allowing it to bring
back overtime from July and increase output in August compared
with a year earlier for the first time since the quake.

Jun 22, 2011

Nissan’s Ghosn: to forecast “significantly higher” sales

TOKYO (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) will forecast “significantly higher” sales for fiscal 2011 on Thursday after restoring production more quickly than expected from a post-quake setback, CEO Carlos Ghosn told a Thomson Reuters Newsmaker event.

Nissan, like other Japanese automakers, had delayed providing this year’s financial forecasts due to uncertainty over when parts supplies would fully recover after the March 11 earthquake in Japan’s northeast.

    • About Chang-Ran

      "I have been covering the Japanese auto industry since 2002, broadening coverage to the Asian region in 2003."
      Joined Reuters:
      2000
      Languages:
      English, Japanese, Spanish
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