Stock Groups

Nissan to stop most development of new gasoline engines

by Mike Robinson

[ad_1]

© Reuters.

(Reuters] – Nissan Motor Co Ltd will stop producing new internal combustion engine in any of its major markets other than the United States, and instead focus on creating electric cars. The business newspaper reported Monday.

Nikkei reported that the automaker would continue to develop its gasoline engines for its U.S. markets, mostly for pickup trucks.

Reuters reached Nissan for comment but they did not respond immediately.

Nikkei reports that the Japanese company plans to open new factories for battery recycling in Europe and America by the end fiscal 2025.

A series of initiatives has been undertaken by automakers around the world, including General Motors Co (NYSE 🙂 and Ford Motors (NYSE 🙂 Co to switch to electric cars.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]