Nissan Motor

Nissan will invest £170m to produce the Kicks hybrid SUV at its Sunderland plant, aimed at securing and maintaining existing jobs though it will not create new roles. The move is conditional on the UK amending its ZEV electric-vehicle sales mandate—Nissan is pushing for a reduction to around 50%—and the company said the decision depends on that outcome. Nissan is also pursuing production sharing with Chery to restore plant capacity and lobbying on EU 'Made in Europe' rules to protect Sunderland's future. » More on theguardian.com

Nissan’s Sunderland factory is operating at about half capacity and is negotiating a potential deal to build cars for China’s Chery to sustain volumes and jobs. The plant faces Brexit-related threats including EU rules of origin for EV batteries and the Industrial Accelerator Act, which could exclude UK-made cars from subsidies. Nissan has cut production and is restructuring globally, while regional suppliers and start-ups like Turntide depend on Sunderland’s ecosystem for growth. Local leaders stress the factory’s importance to the north-east economy but warn its future is uncertain without policy clarity and industry support. » More on theguardian.com

Nissan reported a net profit of 3.8 billion yen for January–March and quarterly sales of 2.96 trillion yen, up 9.5% year‑on‑year, after cost cuts and stronger sales in the U.S. and Japan. The company cut its annual vehicle sales outlook to 3.15 million units, citing weak demand in China and disruption in the Middle East, and said a Kumamoto earthquake briefly stalled production affecting about 5,000 vehicles. Nissan kept its fiscal-year forecast of a 20 billion yen profit on 13 trillion yen in sales and highlighted ongoing challenges from tariffs and higher material costs while focusing on profitability and cash flow. » More on finance.yahoo.com