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Nissan recovery to focus on U.S., Japan, China markets
Mon, May 4 2020Nissan will pull back from Europe and elsewhere to focus on the United States, China and Japan under a plan that represents a new strategic direction for the embattled carmaker, people with direct knowledge of the plan told Reuters. The "operational performance plan" is due to be announced on May 28 and goes beyond fixing problems from ousted leader Carlos Ghosn's aggressive expansion drive, the people said. The company's struggles predate the current global economic shutdown. Nissan's 2019 sales slumped severely. Nissan was already planning to implement what was described as a "do or die" plan in January, before the global coronavirus pandemic froze automotive production and sales worldwide. Pursuit of market share, particularly in the United States, led to steep discounting and a cheapened brand. Under the new, three-year plan — reported here for the first time — Nissan aims to restore dealer ties and refresh lineups to regain pricing power and profitability, the people told Reuters. "This is not just a cost-cutting plan. We're rationalizing operations, reprioritizing and refocusing our business to plant seeds for the future," one of the people said. The plan also aims to cut competition and expand cooperation with alliance partners, the people said. Nissan will follow Mitsubishi in plug-in electric hybrid vehicle technology, with the smaller peer taking the lead in Asian markets outside China and Japan. France's Renault will likely focus on electrical vehicle technologies and Europe. Nissan and Mitsubishi declined to comment. Renault did not immediately respond to a request for comment. The plan, led mainly by Chief Operating Officer Ashwani Gupta rather than Nissan's low-key chief executive, Makoto Uchida, is aimed at freeing resources to invest in products and technology for the United States, China and Japan, the people said. "The net effect is even though we reduce our R&D spend this year versus last year and make other savings, we pump those freed-up resources back into core markets and core products," said one of the people, who declined to be identified as they were not authorized to speak with media on the matter. The plan is likely to take up to two weeks to be finalized, with sales and earnings targets complicated by the anticipated long-term impact on auto sales of government measures worldwide taken to stop the coronavirus outbreak, the people said.
2020 Infiniti Edition 30 cars debuting at Pebble Beach Concours d'Elegance
Sat, Aug 10 2019Infiniti is celebrating its 30th anniversary at the Pebble Beach Concours d’Elegance next week, and itÂ’s rolling out a special edition for several models in its lineup. The anniversary cars are to be called Edition 30, and all of them feature similar changes. YouÂ’ll be able to get an Edition 30 for the Q50, Q60, QX50, QX60 and QX80. ThatÂ’s two sedans and three SUVs that are said to arrive in dealers this fall as 2020 model year cars — even though Infiniti launched in 1989, the first car it sold was a 1990 model year, so this matches up perfectly. Pictures of the Edition 30 cars are scant, but weÂ’ll be able to check them out in person at Pebble next week. Infiniti says they all feature special dark chrome accents in the exterior grille surround, fender trim and a little around the rear end, as well. YouÂ’ll get black side mirrors, dark gunmetal gray wheels and a body color rear apron. Additionally, all of them will be equipped with the ProAssist package as standard. This package includes driver assistance features like adaptive cruise control, distance control assist, a 360-degree camera, backup collision intervention and predictive forward collision warning. Pricing isnÂ’t available at this point for the special edition models, and we don't know if production numbers will be limited, either.
Infiniti recalls Q50 and Q70 Hybrid models
Tue, 04 Nov 2014Infiniti is issuing three separate recalls for its Q50 Hybrid and Q70 Hybrid and M35 Hybrid covering roughly 13,794 vehicles in North America.
The larger campaign listed by the National Highway Traffic Safety Administration covers 5,831 examples of its 2014 Q50 Hybrid (shown above) and 2014 Q70 Hybrid in North America, with 5,412 of those in the US and its territories. According to NHTSA, "due to a software error, the electric motor may stop working while the vehicle is being driven using the electric motor only," creating a "stall-like condition." To fix the fault, the company is reprogramming the motor inverter software, and owners should be contacted in mid-November.
The second recall covers just 890 2014 Q50 Hybrid and 2014 Q70 Hybrid models in North America, with 817 of those residing in the US. It's possible that their transmission housings were damaged during manufacturing, and on affected models, the housing could have a crack that might fracture while driving. Dealers will inspect the transmission and faulty examples will be replaced.