The Latest Breaking News from Ivan Espinosa

The inevitable has happened. Nissan is bidding a fond sayonara to the beloved GT-R. After 18 years of production, the R35 has reached the end of the assembly line. Around 48,000 units have been built since the first rolled off the Tochigi plant line back in 2007. The final example…

Japanese automaker Nissan has reported a 115.8 billion yen, or $782 million, loss in April-June, but is promising to return to profitability later this year

The “Re:Nissan” recovery plan, outlined a few months ago, includes reducing the number of production sites from 17 to 10. One of the factories slated for closure has now been identified, with newly appointed CEO Ivan Espinosa calling it a “tough but necessary decision.” The Oppama Plant, located in the…

Under new CEO Ivan Espinosa and after a failed merger attempt with Honda, Nissan is trying to turn things around. That means mass layoffs, pausing work on some new models, and now, asking suppliers if they'll take an IOU.

Nissan Motor Corp racked up a $4.5 billion loss for the fiscal year through March

Nissan is negotiating a £1 billion syndicated loan backed by UK Export Finance to support its Sunderland plant.

Today on Critical Materials: Audi learns some lessons in China, Tesla loses its tech crown and Nissan looks to stop the bleed by offering buyouts to employees.

Nissan is undertaking a massive cost-cutting agenda after losing billions in recent years due to sales falling short of investments. While the new product roadmap centers on the usual suspects, crossovers and SUVs, there’s still hope for fun cars. The Z is soldiering on and could one day be joined…

On December 23, 2024, Nissan and Honda signed a memorandum of understanding (MOU) to explore a potential merger. However, the negotiations didn’t last long before the two Japanese automakers parted ways. On February 13, 2025, the companies officially ended talks, partly because Nissan was against becoming a Honda subsidiary. While…

Believe it or not, the first rechargeable lithium-ion batteries were invented in the U.S. Even Early nickel-manganese-cobalt (NMC) cathodes were developed at Argonne National Laboratory. The lithium-iron-phosphate (LFP) battery, too, originated in the U.S., with foundational work led by battery pioneer John Goodenough at the University of Texas at Austin.

The first order of business for Nissan’s new CEO is to put the struggling company into recovery mode. Drastic decisions were made from day one: slashing 20,000 jobs, closing seven factories, eliminating six platforms, reducing parts complexity by 70 percent, and halting the development of certain models. These are the…