Near-new 1990 Nissan 300zx To Cross The Block At Amelia Island

Near-new 1990 Nissan 300ZX to cross the block at Amelia Island

The current Nissan 370Z has been on life support for a while now, but interest in classic Z cars remains strong. Witness the mind-bending price recently achieved for a pristine 1971 240Z that sold last month on Bring a Trailer. After the first-generation cars, arguably the next-most-appreciated Z car is the Z32 generation that debuted with the 1990 model year. This example of a first-year Z32, which crosses the block at RM Sotheby's Amelia Island sale next month, could set a new benchmark for values of this model.

Besides being a first-year example, this 300ZX is also the desirable two-seat body style and is powered by the twin-turbo version of Nissan's DOHC 3.0-liter VG30 V6, making 300 horsepower. A five-speed stick and four-wheel steering complete the mechanical picture.

Nissan Could Report First Quarterly Loss Since March 2009

Nissan could report first quarterly loss since March 2009

TOKYO — Nissan may report its first quarterly loss in more than a decade on Thursday because of slumping sales, sources familiar with the company said, adding more pressure on efforts to rebuild the company after Carlos Ghosn's ouster.

Deteriorating profits underscore the challenges facing Nissan, which is unwinding many of the expansionist strategies championed by ex-Chief Executive Officer and Chairman Ghosn by slashing jobs, production sites and product offerings to save cash and ensure its survival.

Nissan Becomes Latest Oem To Pause Production Due To Coronavirus

Nissan becomes latest OEM to pause production due to coronavirus

TOKYO — Nissan will temporarily halt production at its plant in Kyushu, southwestern Japan, due to the coronavirus, the Nikkei newspaper said on Monday, as the outbreak starts to strain the global supply chain.

Nissan, the first automaker to halt production at a plant in Japan because of the outbreak, was finding it increasingly difficult to procure parts from China, the Nikkei said.

Junkyard Gem: 1986 Nissan Sentra Two-door Sedan

Junkyard Gem: 1986 Nissan Sentra two-door sedan

It seems that the Sentra has always been with us, but in fact the very first Sentras didn't show up in North America until the 1982 model year. This gas-sipping econobox became an immediate sales smash hit over here, and the Japanese-built 1982-1986 cars elbowed aside many a Civic and Corolla in the battle for American sales. Sentras began rolling out of Nissan's new Tennessee factory in 1985, just before the debut of the second-gen version, and so today's Junkyard Gem in Denver is one of the very last of the Kanagawa-built Sentras sold in the United States.

2020 Nissan Titan And Titan Xd Get More Expensive As They Get Better

2020 Nissan Titan and Titan XD get more expensive as they get better

The 2020 Nissan Titan and Titan XD have gone through some changes for the new model year. You can read all about our impressions of the refreshed Titan here, and all the new details on the Titan XD here — we're about to drive the XD, so look out for first drive impressions on that one soon, too. However, the news today is all about pricing of the improved Titans, which we haven't known about until now. A base 2020 Titan S King Cab will now cost $37,785, a $5,500 increase compared to the cheapest 2019 Titan that money can buy. A lot of this can be explained by Nissan's decision to drop the Single Cab altogether; the King Cab is now the base truck. Comparing apples to apples, the Titan's price rises $2,230 for the S King Cab. To get four-wheel drive, add $3,200. A PRO-4X King Cab will run you all the way up to $49,185.  If you go for the full-zoot Platinum Reserve Crew Cab with four-wheel drive, it'll top $60,000 – even Nissan wants a piece of the luxury truck pie. The more capable Titan XD is returning with similar improvements. The diesel is gone, but the gasoline V8 has a bit more power than last year like the non-XD does. It starts at $46,175, a huge increase of $11,590 – due in part to the elimination of the Single Cab model, and also making 4WD standard on the XD (2WD was available last year). What Nissan has done is limit folks' choices into a few much more expensive configuration than before. The PRO-4X costs $55,575, and the most expensive Platinum Reserve trim costs $63,285. That's a lot of money for a truck, but it's no more than what Ford, Ram and GM charge for their luxury pickups. Nissan says the new Titans will go on sale at the start of this year sometime, so look for them in dealer lots soon.

Nissan Preparing New Qashqai As Part Of European Cuv Revamp

Nissan preparing new Qashqai as part of European CUV revamp

We know Nissan's on the cusp of introducing a new Rogue, having seen polished prototypes in October and December last year. Autocar says the Japanese automaker is preparing to launch the new crossover, which is Europe's X-Trail, this summer ahead of the Frankfurt Motor Show. For Frankfurt, the magazine says Europe's Qashqai, our Rogue Sport, will debut. The Rogue Sport is especially important to Nissan Europe, seeing as it's Nissan's most popular vehicle across the Atlantic. The second generation is six years old this year, its age and Nissan's general malaise causing the Qashqai to lose ground to rivals. It sounds like the only thing that will carry over to the third-generation Qashqai is the platform, engineers updating the CMF-C/D architecture that debuted with the second-gen. Outside, design traits will draw from the recently introduced Juke as well as last year's IMQ electric concept, but those could be laid into a more emphatic design language that begins to restore a measure of Japanese-ness to the automaker's offerings. The interior should slot in as a junior-sized version of the interiors we've seen in those Rogue prototypes. That would mean rearranging the center console with a discrete screen atop the stack, and familiar buttons and knobs for climate control beneath. The coming Rogue picks up a two-piece shifter, the new Juke's shifter was designed to merely look like two pieces, depending on trim and engine. The Qashqai could go either way. The big deal in Europe is Nissan's rumored move away from diesels, potentially opting for two electric options alongside mild-hybrid ICE choices — the brand's in-house ePower serial hybrid system, and the plug-in hybrid powertrain used in Alliance partner Mitsubishi's Outlander PHEV. The ePower fits a gas engine to keep a battery charged, the battery providing energy to electric motors. Europe's powertrain mix is undoubtedly influenced by the new emissions scheme that took effect this year. The schedule of fines for not meeting targets is onerous enough to cause many automakers to rethink how much product they'll allow to be sold there this year. American buyers will be far more interested to know when the new Rogue Sport will make it here, seeing our model was just refreshed early last year, and whether we'll finally get access to the 1.3-liter turbo four-cylinder that comes in two outputs in Europe, and the seven-speed dual-clutch transmission. Autocar said new Nissan CEO Makoto Uchida is dedicated to "implementing a product plan with renewed vigor," and dedicated to "ensuring the manufacturer's global best-sellers are brought up to the class standard in good time." We'll be able to put proof to that — or not — come this summer at the Rogue debut.

Nissan To Close Plants, Do Layoffs, Kill Models In Restructuring Plan

Nissan to close plants, do layoffs, kill models in restructuring plan

The Nissan Ariya concept.   YOKOHAMA, Japan — Nissan is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said. Japan's second biggest carmaker is set to eliminate at least 4,300 white-collar jobs and shut two manufacturing sites as part of broader plans to add at least 480 billion yen ($4.4 billion) to its bottom line by 2023, two of the people told Reuters. The moves come on top of a turnaround plan unveiled in July and are likely to include cutting Nissan's range of cars and the array of product options and trims in each line, slashing jobs mostly at head offices in the United States and Europe, and reducing advertising and marketing budgets, they said. "The situation is dire. It's do or die," a person close to Nissan's senior management and the company's board told Reuters. Most of the planned cuts and measures to enhance efficiency were presented to Nissan's board in November and received its general blessing, two sources said. A Nissan spokeswoman declined to comment on new restructuring measures or the view that weaker-than-expected sales were the catalyst for a global overhaul. Under Ghosn, Nissan embarked on a global expansion, boosting capacity to add new models, driving more decidedly into markets such as India, Russia, South Africa and southeast Asia and spending heavily on promotions and marketing to hit targets. Now, many of those models are missing sales goals, and executives at Nissan's Yokohama headquarters estimate up to 40% of its global manufacturing capacity is unused, or under-used. Some executives are worried Nissan, part of an alliance with Renault and Mitsubishi, could post another loss at its carmaking business in the last quarter of 2019 — and possibly for all its operations in the fiscal year ending in March. One source said that would most likely hinge on whether Nissan books big restructuring expenses in its current financial year, or waits until the year ending in March 2021. Reuters spoke to nine people familiar with Nissan's plans. All declined to be named due to the sensitivity of the subject.

Missed targets

In July, Nissan said it would cut 12,500 jobs from 14 sites around the world, from the United Kingdom to Spain, Mexico, Japan, India and Indonesia — and reduce its model range by 10%. At the time, Nissan officials told Reuters that meant shutting one production line at each plant. Now, Nissan is considering shutting two plants permanently, on top of the reductions at the 14 other sites, people close to Nissan's management and board with knowledge of the matter told Reuters. They didn't say which two new sites were at risk. People familiar with the plans said the axe was also likely to fall at Nissan's North American head office in Tennessee and its European headquarters in Geneva, as they were bloated with high-spending sales and marketing staff. One source with direct knowledge of the turnaround plan said Nissan's marketing teams globally gobble up nearly 1 trillion yen a year, or about 45% of Nissan's annual fixed costs of 2.1 trillion. Nissan had been saddled with the excess, "thanks to (Ghosn's) highly aggressive, expansionist volume goals, which we failed to achieve," the source said. A spokeswoman for Ghosn said he declined to comment for this story. Ghosn told a news conference in Beirut on Jan. 8 that Nissan's poor performance since 2017 was down to Hiroto Saikawa, who formally took over from him as Nissan CEO in April 2017. "He was CEO and he was responsible for it," Ghosn said. In addition to cuts in Nissan's fixed costs, managers are also considering plans to kill off unprofitable models, accelerate the pace of new product development and reduce the average age of its lineup to 2½ years, down from 5 now. The new plans aim to add 480 billion yen to Nissan's bottom line by the end of March 2023, with 300 billion from cuts in fixed costs and 180 billion from an array of cars to be launched in the next three years, people familiar with the matter said. Nissan is aiming to achieve an operating margin of 6% on revenue of 14.5 trillion yen by March 2023, compared with 3.0% from 13.0 trillion forecast for the year ending in March 2020, according to plans announced in July. But since July, Nissan's operating performance has worsened by more than expected, making it likely its new management team will have to find savings significantly above the 480 billion yen currently envisaged to hit its targets, three sources said.

'Phase Two'

To be sure, Nissan has plenty of cash in its coffers to cope with setbacks. According to quarterly results, it had 1.14 trillion yen in net cash at the end of September. Still, sources said Nissan was no longer adding freshly generated cash to its war chest, mainly because of its high fixed costs and the sales slide. Furthermore, it has expensive car launches in the next few years that could eat into reserves. "Even if we had one trillion yen in cash, that could be depleted in no time if we didn't pay attention," a person close to Nissan management told Reuters. Three of the people said the collapse in Nissan sales around the world was a major factor in forcing the company to consider restructuring above and beyond the measures outlined in July. They said Nissan's global sales would likely fall to 5 million vehicles, or slightly above, way short of its sales goal of 5.5 million for its current financial year. The worse-than-expected downturn, which has forced Nissan to spend more on promotions to cushion the fallout, has created additional urgency to take more drastic steps, sources said. Of particular concern is the U.S. market, where sales fell 10% in 2019, and the continued sluggishness of the Chinese market, which left Nissan's sales volumes down 1.1% from 2018. One especially troublesome issue for Nissan has been its sales efficiency. In 2018, it had 69 models and sold 5.2 million vehicles — or 75,000 on average per model line — and it was planning to expand its lineup to 73 by the end of 2022. Now, it is aiming to cut its range to 62 and boost average sales per line to 87,000, the equivalent of Toyota's average last year, according to calculations and forecasts by the team formulating Nissan's recovery plan. "We thought by now we would be selling 6 million cars a year. But the truth of the matter is our selling ability is about just north of 5 million," one source said.  

Open road?

People familiar with Nissan's internal discussions said there was even some concern the new measures being considered, known as "Phase Two" cuts, might not be enough to achieve its three-year turnaround goals if sales don't recover fast enough. "Those Phase Two measures will most likely fall short," said one person familiar with restructuring plans, making a point echoed by several people close to the management team and board. To make matters worse, the restructuring efforts have been disrupted by the political turmoil following Ghosn's departure in 2018, his flight from Japan in December and subsequent accusations against former colleagues at Nissan. According to five sources, the upheaval rattled Nissan's top management team so much that it paralyzed their ability to execute many of the planned restructuring moves smoothly. The latest turmoil lasted from December to mid-January, when the board curbed the influence of "anti-alliance" forces sabotaging the plans, two sources said, declining to elaborate. Nissan's new CEO Makoto Uchida took the reins at the start of December with Ashwani Gupta, who has worked at Mitsubishi, Nissan and Renault, as chief operating officer. "Whoever the action was aimed at, the upshot is that Gupta is now completely freed from pressures from those anti-alliance forces to carry out all the planned turnaround measures," one of the people said. "He should do so without hesitation as the board has cleared the way."

Mitsubishi Outlander To Get More Power, Share Nissan Rogue Platform

Mitsubishi Outlander to get more power, share Nissan Rogue platform

Looks like it's official — the U.S. will finally get the upgraded Mitsubishi Outlander PHEV that's been on sale in Europe and Japan since late 2018. AutoGuide perused documents Mitsubishi filed with the National Highway Traffic Safety Administration for 2021 product lineup. The paperwork shows a 2.4-liter engine with 126 horsepower replacing the 2.0-liter with 117 hp in the current U.S.-market Outlander plug-in hybrid. We've expected the engine change for a while, but we didn't have a horsepower rating before. The version on sale in Europe gets 133 hp from the 2.4-liter Atkinson-cycle four-cylinder, while promising "higher torque, smoother operation, and overall higher efficiency." We'll get the 13.8-kWh battery, up from the 12-kWh unit currently installed, and the rear electric motor gets bumped up to 93 hp, same as overseas. The e-motor on the front axle holds steady at 80 hp. Unless Mitsubishi has model-year shenanigans in mind, the documents describe the next-gen Outlander that's been promised for debut later this year. It will ride on a Renault-Nissan-Mitsubishi Alliance platform, expected to be the same architecture shared with the next-gen 2021 Nissan Rogue. The current Outlander and Rogue are just 0.3 inches apart, and both are expected to grow in size. The new Outlander's exterior will glean cues from the Engelberg Tourer concept (shown below) like vertically-oriented headlights, a reshaped greenhouse, and a larger rear roof spoiler. If Mitsubishi carries over the rest of the upgrades afforded the international Outlander PHEV versions, we're in for a more powerful generator, and new Sport and Snow modes. The suspension and 4WD Lock were also bolstered on the current crossover, but with an all-new generation, we'd expect thorough overhauls in hardware and software. The real prize will be finding out how much EV range the next plug-in hybrid Outlander promises beyond the 22 miles available on the current model. On Japan's testing cycle, the new powertrain extended all-electric driving from 37.8 miles to 40.4 miles.