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© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Nissan plans $663 million investment in Renault's EV unit; says profit leapt in April-June
By YURI KAGEYAMA TOKYO©2024 GPlusMedia Inc.
15 Comments
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Mike Hunt
Nice someone benefits from a weak yen. Oh surprise surprise its not us little people who continue to get shafted left right and center. Japan inc indeed.
Yubaru
Pray tell how the rate will benefit Nissan here when they are investing yen in the project?
sakurasuki
Is it really car company or investment company?
Mark
Slowly but surly Nissan is trying to divorce from Renault, fair game if they buy out Renault shares. The weakness is helping Nissan sales like many Japanese exporter and may be Nissan will someday be able to be the Automaker it use to be.
maxjapank
I still won't buy Nissan. They've been too shady for my taste.
KevinMcgue
And they threw Ghosn under the EV bus because he wanted to merge the two companies.
Hotsummer
It’s a car and a good one.
1glenn
I keep watching these EV articles for more information on what may be the next type of battery, the solid-state, stacked lithium batteries. Theoretically they are cheaper, more dependable, weigh less, can be recharged very quickly, and will have about twice the range of today's lithium batteries. If and when it happens, it will be revolutionary. GM says they are aiming to introduce them in their 2025 product line.
ThonTaddeo
@Mike - absolutely, and the patronizing "explaining adult concepts to children" tone that these articles always take, seen in the second sentence here, just makes it worse:
These writers shill for the government and BoJ over and over, parroting propaganda that is directly against the interests of working people.
Michael Machida
Good strategy. Nissan is going down so why not invest in an overseas company? Brilliant work!
Strangerland
You sound angry. Have you tried punching a wall?
rzadigi
Net profits doubled in just one quarter and Japanese workers see their biggest salary bump in years of a paltry two percent.