Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Nissan Motor Co Ltd    7201   JP3672400003

NISSAN MOTOR CO LTD (7201)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

UK car output hits 17-year high but investment tumbles

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/26/2017 | 12:18pm CET
A traffic jam is seen as cars head towards the approach tunnel of Heathrow Airport, west London

LONDON (Reuters) - British car production reached a 17-year high last year, but the country's vote to leave the European Union contributed to a roughly 33 percent drop in investment in the sector, a car industry body said on Thursday.

Carmakers had lobbied hard against Brexit, saying that it could result in the imposition of export tariffs that would make UK plants uncompetitive.

Britain built 1.72 million vehicles in 2016, the Society of Motor Manufacturers and Traders (SMMT) said, adding that the annual increase of 8.5 percent lifted output to its highest since 1999 and the third-highest since the 1970s.

However, the SMMT said that investment in the sector, which tends to make decisions about future production two to three years before a model rolls off the production line, fell by a third to 1.66 billion pounds.

"We do see companies at least delaying decisions until there is greater certainty," SMMT Chief Executive Mike Hawes told reporters.

Among the British car industry's concerns is the requirement of many free-trade deals between countries and blocs for more than 50 percent of components in a car to be made locally. Britain currently averages 41 percent.

If Britain fails to secure a preferential deal with the European Union during the two-year divorce talks due to begin by the end of March, cars made in Britain could become subject to a 10 percent World Trade Organisation tariff on exports.

"It would be very hard to overcome that level of additional cost, given that plants operate on wafer-thin margins," Hawes said, adding that carmakers generally make only a 2-4 percent return on investment.

"We want trade deals, but they must be the right deals, not rushed deals. Failure to do so could damage UK automotive manufacturing beyond repair."

Prime Minister Theresa May said last week Britain would leave the EU single market, which guarantees unfettered trade on the continent, but suggested that the car industry may be able to retain elements of free trade under a bespoke Brexit deal.

Japanese carmaker Nissan (>> Nissan Motor Co Ltd) said in October that it would build two new models at its Sunderland plant in North East England.

A source told Reuters that the decision had been made after a government pledge for extra support to counter any loss of competitiveness caused by Britain leaving the EU, though a spokesman for the Prime Minister said that no explicit promises had been made on compensation for tariffs.

(Editing by David Goodman)

By Costas Pitas

Stocks mentioned in the article
ChangeLast1st jan.
BAYERISCHE MOTOREN WERKE -0.19% 87.05 Delayed Quote.0.25%
TATA MOTORS 0.47% 360.35 End-of-day quote.-16.83%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NISSAN MOTOR CO LTD
02/24NISSAN MOTOR : DeNA to Start Easy Ride Robo-Vehicle Mobility Service Trial
AQ
02/24NISSAN MOTOR : Delegation Discusses Vibrant Auto Market, Affordable Vehicles
AQ
02/23#TRIEDANDTESTED : Nissan Qashqai 1.2T Acenta
AQ
02/23NISSAN MOTOR : Two critically injured in town of Rock crash
AQ
02/23NISSAN MOTOR : Ally's SmartAuction Lists Off-Lease Vehicles from Nissan Motor Ac..
AQ
02/23NISSAN MOTOR : puts Saudi women behind the wheel
AQ
02/23NISSAN MOTOR : Redesigning a new way to do business
AQ
02/23NISSAN MOTOR : Redesigning a new way to do business | Calamatta Cuschieri
AQ
02/23BMW looking at Chinese-made electric MINI
AQ
02/23Easy Ride trial to mark Nissan's first stop on road to taxi services
RE
More news
News from SeekingAlpha
02/24STOCKS TO WATCH : Investors Recharge After Soothing Fedspeak 
02/23WALL STREET BREAKFAST : General Mills Goes Shopping For Pet Food 
02/23Nissan joins self-driving taxi club 
02/22Consumer Reports lists top 2018 cars 
02/21Japanese automakers pivot away from discounting 
Financials ( JPY)
Sales 2018 11 807 B
EBIT 2018 -
Net income 2018 652 B
Debt 2018 6 774 B
Yield 2018 4,77%
P/E ratio 2018 6,69
P/E ratio 2019 7,29
EV / Sales 2018 0,97x
EV / Sales 2019 0,94x
Capitalization 4 693 B
Chart NISSAN MOTOR CO LTD
Duration : Period :
Nissan Motor Co Ltd Technical Analysis Chart | 7201 | JP3672400003 | 4-Traders
Technical analysis trends NISSAN MOTOR CO LTD
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 1 254  JPY
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Hiroto Saikawa Vice Chairman, President & Chief Executive Officer
Carlos Ghosn Bichara Chairman
Joseph G. Peter CFO, Head-Investor Relations & Accounting
Takao Asami Senior Managing Executive Officer & Head-Research
Anthony Thomas Chief Information Officer & Corporate VP
Sector and Competitors
1st jan.Capitalization (M$)
NISSAN MOTOR CO LTD-0.93%43 926
TOYOTA MOTOR CORP-0.23%220 945
VOLKSWAGEN-2.31%102 249
DAIMLER-0.55%92 515
BAYERISCHE MOTOREN WERKE0.25%69 252
HONDA MOTOR CO LTD-2.04%64 541