financetom
Business
financetom
/
Business
/
Nissan says it will not take new US orders for Mexican-built Infiniti SUVs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nissan says it will not take new US orders for Mexican-built Infiniti SUVs
Apr 3, 2025 10:20 PM

April 3 (Reuters) - Nissan Motor ( NSANF ) said on

Thursday it will not take new orders from the U.S. for two

Mexican-built Infiniti SUVs, following auto tariffs levied by

U.S. President Donald Trump, in a drastic scale-back of its

operations at a joint venture plant.

Nissan ( NSANF ) also said it will now maintain two shifts of

production of the Rogue SUV at its Smyrna, Tennessee, plant

after announcing in January it would end one of the two shifts

this month.

The Japanese automaker will not accept any additional orders

of the Infiniti QX50 and QX55 SUVs for the U.S. market produced

at the COMPAS plant it has run together with Mercedes-Benz

in Mexico. Nissan ( NSANF ) said production is expected to

continue for those models sold in other markets.

It was not immediately clear how much of the production is

sold in other markets. The two Infiniti models have only been

exported from Mexico to the U.S., according to data from

Mexico's national statistics agency.

A Japan-based Nissan ( NSANF ) spokesperson said on Friday the models

do go to other markets such as the Middle East and Canada, but

could not immediately provide more details.

Trump's 25% global car and truck tariffs took effect on

Thursday.

Nissan ( NSANF ) has been struggling in the U.S. due to an ageing

line-up and a lack of hybrid models. It is particularly exposed

to the new tariffs as it exports the biggest number of cars from

Mexico to the U.S. of any Japanese automaker.

Nissan's ( NSANF ) troubles led it to slash its profit forecast three

times in the financial year just ended and saw its debt

downgraded to "junk" status.

Its new chief executive, 46-year-old Ivan Espinosa, a

Mexican national who previously was its planning boss, has

pledged to drastically cut the time the automaker needs to

develop new cars.

Mercedes-Benz manufactures the GLB SUV at the COMPAS plant.

(Reporting by David Shepardson and Daniel Leussink; Editing by

Chris Reese and Muralikumar Anantharaman)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bill Holdings Stock Plunges On Q2 Earnings: What's Going On?
Bill Holdings Stock Plunges On Q2 Earnings: What's Going On?
Feb 6, 2025
BILL Holdings Inc ( BILL ) shares are diving in Thursday’s after-hours session after the company reported second-quarter financial results. Here’s a rundown of the report. Q2 Revenue: $362.55 million, versus estimates of $360.23 million Q2 Adjusted EPS: 56 cents, versus estimates of 46 cents Total revenue increased 14% year-over-year, while core revenue climbed 16%. Core revenue consists of subscription...
Power Integrations CEO Balu Balakrishnan to Step Down
Power Integrations CEO Balu Balakrishnan to Step Down
Feb 6, 2025
05:12 PM EST, 02/06/2025 (MT Newswires) -- Power Integrations ( POWI ) said Thursday that Chief Executive Balu Balakrishnan will retire after a successor is found. The board hired an executive search firm to assist in picking the next CEO, according to the company. Balakrishnan plans to transition to the executive chairman role to ensure a smooth transition, Power Integrations...
ARC Resources Fourth-Quarter Profit Down 27% Despite Higher Oil and Gas Production
ARC Resources Fourth-Quarter Profit Down 27% Despite Higher Oil and Gas Production
Feb 6, 2025
05:13 PM EST, 02/06/2025 (MT Newswires) -- ARC Resources ( AETUF ) on Thursday said its fourth-quarter profit fell 27% on weak oil and gas prices even as production rose. The Western Canadian oil and gas producer said it earned $370.3 million, or $0.63 per share, in the period, down from $506.3 million, or $0.84, in the year-prior quarter. Revenue...
Regency Centers Q4 Nareit FFO, Revenue Rises; 2025 Outlook Set
Regency Centers Q4 Nareit FFO, Revenue Rises; 2025 Outlook Set
Feb 6, 2025
05:12 PM EST, 02/06/2025 (MT Newswires) -- Regency Centers ( REG ) reported Q4 Nareit funds from operations late Thursday of $1.09 per diluted share, up from $1.02 a year earlier. Analysts polled by FactSet expected $1.07. Revenue for the quarter ended Dec. 31 was $372.5 million, up from $359.6 million a year earlier. Analysts surveyed by FactSet expected $366.2...
Copyright 2023-2026 - www.financetom.com All Rights Reserved