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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Subaru takes slow lane for self-driving cars, says costly for buyers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/19/2017 | 11:19am CEST
FILE PHOTO: Subaru's new XV hits shopping cart carrying water bottles during a collision test demonstration at its factory in Ota

While major automakers race to develop driverless cars, Subaru (>> Subaru Corp) is taking a slower approach, saying its vehicles may be less advanced than its rivals' by 2020 as autonomous features remain costly for the buyers of Japan's smallest carmaker.

While major automakers race to develop driverless cars, Subaru (>> Subaru Corp) is taking a slower approach, saying its vehicles may be less advanced than its rivals' by 2020 as autonomous features remain costly for the buyers of Japan's smallest carmaker.

Automakers such as Ford Motor Co (>> Ford Motor Company), General Motors Co (>> Genpact Limited) and Nissan Motor Co (>> Nissan Motor Co Ltd) are increasingly looking beyond conventional vehicles to survive in an industry that is moving into electric and self-driving cars.

Smaller players are doing the same, but automakers like Subaru with limited research and development resources than their bigger rivals are showing caution in committing to advanced technologies on their own.

At a recent demonstration of its driving assist system "Eyesight", Subaru said its goals for autonomous driving were modest versus bigger rivals, some of which aim for self-driving cars on city streets by 2025.

"We're looking at how to develop (more advanced)capabilities, but we believe such functions will remain beyond the reach of Subaru customers," Tetsuo Onuki, chief general manager at Subaru's technical research centre, said last week in comments for publication on Monday.

"We're not aiming to develop driverless cars. What we're trying to do is make driving safer for people."

Subaru's new automated cruise control system can track cars travelling in front at low speeds, building on a similar feature marketed by bigger rival Nissan last year.

The automaker has said it will continue to develop automated functions on its own, tapping outside technology as needed.

It has plans to start developing an all-battery electric car this year, but it will use technology developed by Toyota Motor (>> Toyota Motor Corp) in a plug-in hybrid model planned for release in 2018.

"The risk Subaru runs with tempering their ambitions is that, if the market wants (more sophisticated technologies) ... and they don't make it on their own, they'll have to buy it off the shelf from a supplier," CLSA analyst Chris Richter said.

He added that an increased dependence on suppliers would leave Subaru with less control over developing new technologies.

Other smaller Japanese automakers have also acknowledged the challenges of competing with bigger rivals on advanced technologies given their relatively limited budgets.

Mazda Motor Corp (>> Mazda Motor Corp) has yet to announce plans to develop self-driving cars, while it will draw on its partnership with Toyota to develop electric cars.

Mitsubishi Motors Corp (>> MITSUBISHI MOTORS CORPORATION) has said its takeover by Nissan last year had given it access to Nissan's automated driving technology, something it had lacked the resources to pursue on its own.

(Reporting by Naomi Tajitsu; Editing by Himani Sarkar)

By Naomi Tajitsu

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NISSAN MOTOR CO LTD
08/19 ANOTHER DEFEAT DOWN SOUTH : UAW running out of gas
08/18 FIRSTENERGY CORP. : - JCP&L Customers Can Save $10,000 off the Price of an All-E..
08/18 NISSAN MOTOR : Extends $10,000 Incentive to Sept. 30 for SRP Customers on the Al..
08/18 NISSAN MOTOR : to feature range of TITAN and TITAN XD trucks, accessories, custo..
08/18 NISSAN MOTOR : Task force detectives make more pot arrests
08/17 NISSAN MOTOR : Police log
08/17 NISSAN MOTOR : Patent Issued for Starting Control Device for Internal Combustion..
08/17 NISSAN MOTOR : Patent Issued for Lubrication Control Device for In-Wheel Motor U..
08/17 NISSAN MOTOR : Patent Issued for Water Repellent Film and Component for Vehicle ..
08/17 NISSAN MOTOR : Kicks named "Best Buy of 2017"
More news
News from SeekingAlpha
08/17 Hyundai shifts focus to long-range EVs
08/14 Auto Sales Have Fallen Faster In 2017 Than Any Time Since The End Of The Rece..
08/07 Nissan preps to unveil new Leaf EV
08/07 Automation, Not The Electric Vehicle, Will Kill The Oil Industry
08/04 Comparing The Tesla Model 3 Production Ramp With Nissan LEAF 2.0
Financials ( JPY)
Sales 2018 12 052 877 M
EBIT 2018 -
Net income 2018 591 254 M
Debt 2018 5 185 899 M
Yield 2018 4,83%
P/E ratio 2018 7,36
P/E ratio 2019 6,93
EV / Sales 2018 0,81x
EV / Sales 2019 0,80x
Capitalization 4 619 951 M
Chart NISSAN MOTOR CO LTD
Duration : Period :
Nissan Motor Co Ltd Technical Analysis Chart | 7201 | JP3672400003 | 4-Traders
Technical analysis trends NISSAN MOTOR CO LTD
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 1 329  JPY
Spread / Average Target 21%
EPS Revisions
Managers
NameTitle
Hiroto Saikawa Vice Chairman, President & Chief Executive Officer
Carlos Ghosn Bichara Chairman
Joseph G. Peter CFO, Head-Investor Relations & Accounting
Celso Guiotoko Chief Information Officer
Takao Asami Senior Managing Executive Officer & Head-Research
Sector and Competitors
1st jan.Capitalization (M$)
NISSAN MOTOR CO LTD-7.77%42 296
TOYOTA MOTOR CORP-10.94%182 319
VOLKSWAGEN-4.01%75 931
DAIMLER-14.72%75 878
BAYERISCHE MOTOREN WERKE-10.38%60 843
GENERAL MOTORS CORPORATION0.46%50 755