Nissan's New CEO says it needs partners and is open to Honda tie-up

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Nissan's New CEO says it needs partners and is open to Honda tie-up - Business Standard

Quick Summary:

Nissan also plans to start producing an unspecified new EV at its plant in Canton, Mississippi, starting late in fiscal year 2027.

The Japanese carmaker has braced investors for a third annual net loss in the last six years, sales are slumping and negotiations with Honda fell apart last month under outgoing CEO Makoto Uchida.

In India, Nissan will introduce a multipurpose vehicle in fiscal 2025 and a five-seat compact sports SUV in fiscal 2026, both of which will be manufactured in Chennai.