
General Motors’ sales in North America fell by 20% owing to falling demand of pick-up trucks and sports utility vehicles. GMs quarterly loss amounts to $15.5bn (£7.8bn). All other auto giants too are facing the crisis. Nissan reported a 42.8% fall in...

Nissan Motor Co., facing a sharp slowdown in global demand, said Friday it would cut production for the second time in two weeks.
Nissan reported a 39 percent drop in fiscal second quarter profit Friday, as a strong yen and contraction in the U.S. market combined to batter earnings at Japan’s No. 3 automaker.
Nissan Motor Co. said Tuesday it is cutting production of its Altima models at assembly plants in Tennessee and Mississippi due to sluggish demand in the United States.
Nissan Motor Co. said Tuesday it would cut auto production at its two domestic plants due to sluggish demand in the United States.
Nissan showed on Wednesday a spiffy electric car packed with a battery developed by the Japanese automaker to deliver more power than the type common in today’s hybrids.
Nissan Motor Co. will soon sell cars that push back when drivers try to put the pedal to the metal. It has also developed a test model packed with additional sensor technology to make vehicles crash-free.
Nissan Motor Co. said Friday its net profit for the April-June quarter dropped 42.8 percent, hit by a rising yen and accounting provisions for the declining value of leased vehicles.
Nissan North America Inc. says it is offering buyouts to employees at the company’s Tennessee plants and eliminating a night shift at one plant because of a slowdown in truck and SUV sales.
Nissan Chief Executive Carlos Ghosn sought to allay fears about the company’s declining share price Wednesday, saying the damage was coming from soaring oil costs, a U.S. economic slowdown and other factors that were hurting all automakers.Ghosn, who...
Nissan’s joint venture with electronics maker NEC Corp. will invest 12 billion yen, or $115 million, to start mass-producing lithium-ion batteries _ a technology widely viewed as key for next-generation “green” cars.Nissan Motor Co. Executive Vice...
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