Nissan Finally Wants To Grow

Key Points:

• Nissan Motor Co. has entered a growth phase under CEO Ivan Espinosa, forecasting a 4.7% increase in global vehicle deliveries to 3.3 million for the fiscal year ending March 31, 2027, after years of declining sales.
• The company expects operating profit to more than triple to ¥200 billion ($1.3 billion) and projects a net income of ¥20 billion ($125.3 million), signaling a strong financial turnaround despite challenges from tariffs and geopolitical tensions.
• Stellantis CEO Antonio Filosa emphasized the importance of partnerships in the company's growth strategy, highlighting recent collaborations with China's Leapmotor and ongoing restructuring efforts in Europe to boost electric vehicle production.
• Global demand for electric vehicles rose 6% year-on-year in April, supported by policy incentives, rising petrol prices, and increased presence of Chinese manufacturers, with Europe seeing a 27% increase in registrations.
• Volkswagen's largest investor, Porsche SE, reported a 21% drop in adjusted profit and significant losses due to writedowns on its Volkswagen stake, prompting calls for a business model overhaul amid challenges from tariffs, competition, and the shift to electric vehicles.