2-hour wildfire evacuation notice issued for some Fort McMurray neighbourhoods
A wildfire evacuation alert for some Fort McMurray residents has been updated to a two-hour evacuation notice.
Nissan reported a 55% jump in its October-December profit Thursday, as the Japanese automaker gears up for a less bumpy journey with its French alliance partner Renault.
Profit for the quarter at Yokohama-based Nissan Motor Co. totaled 50.6 billion yen (US$386 million), up from 32.7 billion yen in the previous year.
Quarterly sales surged 29% to 2.8 trillion yen ($21 billion), as a shortage of computer chips that has bedeviled the world's automakers gradually eased, according to Nissan.
The crunch was caused by pandemic-related disruptions that also hindered Nissan's ability to deliver its vehicles to customers.
Some buyers were waiting for a year for their Z sportscars or Ariya sport utility vehicles, said Nissan's chief operating officer, Ashwani Gupta.
"We really don't want our customers to wait this long," he told reporters.
The rising cost of raw materials, inflation pressures and volatile exchange rates have added to the risks for the auto industry, including Nissan.
Nissan, maker of the Leaf electric car and Infiniti luxury models, now expects to sell 8% fewer vehicles for the full fiscal year through March than previously projected, at 3.4 million vehicles, because of the semiconductor supply shortages and the impact from the spread of coronavirus infections in China.
Chief Executive Makoto Uchida acknowledged the quarter was extremely challenging, while expressing optimism for the future.
"The new models we introduced in each market have been very well received by customers," he said.
Earlier this week, Nissan, with Renault and smaller Japanese carmaker Mitsubishi Motors, announced how they were redefining their mutual relationship.
The boards of both companies approved equalizing the stake each automaker holds in the other to 15%, bringing a better balance to the alliance, according to an announcement in London.
Before, Renault Group, whose top shareholder is the French government, was holding 43.4% of Nissan while Nissan owned just 15% of Renault.
The automakers also vowed to co-operate in markets worldwide, including India and Latin America, while Nissan said it will invest up to 15% in Ampere, Renault's electric vehicle and software entity in Europe.
Nissan has been eager to put behind it the 2018 arrest of Carlos Ghosn, a once-superstar executive who was sent in by Renault to save Nissan from bankruptcy in 1999, and successfully turned it around.
Ghosn jumped bail and is now in Lebanon. He says he is innocent of financial misconduct charges. The scandal highlighted disgruntlement at Nissan over Ghosn's perks and his power over the company.
A wildfire evacuation alert for some Fort McMurray residents has been updated to a two-hour evacuation notice.
Saskatchewan RCMP are set to provide an update on what the service calls a 'significant' sexual assault and internet child exploitation investigation.
Canadian LifeLabs customers who filed an application for a class-action settlement began receiving their payments this week, though at a much lower amount than initially expected.
Nobel laureate Alice Munro, the Canadian literary giant who became one of the world's most esteemed contemporary authors and one of history's most honoured short story writers, has died at age 92.
Wildfires have led Environment Canada to issue air quality advisories for parts of B.C., Alberta, Manitoba, Saskatchewan and the Northwest Territories, as forecasters warn the smoke could drift farther east.
An American accused of sexually assaulting a Pennsylvania college student in 2013 and later sending her a Facebook message that said, 'So I raped you,' has been detained in France after a three-year search.
The annual list of Canada's top restaurants in the country was just released and here are the places that made the 2024 cut.
Ontario Provincial Police are responding to a fatal collision involving two vehicles on Highway 417 in Ottawa's west end on Tuesday morning.
The Israeli flag is flying at Ottawa City Hall today to mark the country's national day, with plans to hold a private ceremony to mark Israel's Independence Day. There is a significant police presence at City Hall, including security barriers outside the main doors.
A team is ready to help an entangled North Atlantic right whale in the Gulf of St. Lawrence.
A $200 reward is being offered by a North Vancouver family for the safe return of their beloved chicken, Snowflake.
Two daughters and a mother were reunited online 40 years later thanks to a DNA kit and a Zoom connection despite living on three separate continents and speaking different languages.
Mother's Day can be a difficult occasion for those who have lost or are estranged from their mom.
YES Theatre Young Company opened its acclaimed kids’ show, One Small Step, at Sudbury Theatre Centre on Saturday.
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.