January 29, 2015 3:25 PM ET

Automobiles

Company Overview of Nissan North America, Inc.

Company Overview

Nissan North America, Inc. designs, develops, manufactures, and markets Nissan vehicles in the United States, Canada, and Mexico. It offers various cars, such as sedans and coupes; electric cars; sports cars; crossovers and SUVs; minivans and vans; trucks and commercial vehicles; and various accessories. The company also provides automotive financial services. It offers its products through a network of dealers and through its fleet sales operations. Nissan North America, Inc. was formerly known as Nissan Motor Corporation USA, Inc. and changed its name to Nissan North America, Inc. in January 1999. The company was founded in 1960 and is headquartered in Franklin, Tennessee with production p...

One Nissan Way

Franklin, TN 37067

United States

Founded in 1960

Phone:

615-725-1000

Fax:

615-725-8535

Key Executives for Nissan North America, Inc.

Chief Executive Officer and President
Senior Vice President of Administration and Finance
Senior Vice President of Sales & Marketing and Operations
Age: 49
Chief Executive Officer of Nissan Motor Co.
Age: 60
President of Nissan Brazil
Compensation as of Fiscal Year 2014.

Nissan North America, Inc. Key Developments

Nissan North America, Inc. to Settle Vehicle Defect Class Action

Nissan North America, Inc. agreed to a settlement to resolve a class action lawsuit alleging the braking system in certain Nissan vehicles is defective and prone to lose power. Under the settlement, Nissan will pay current and former owners of approximately 350,000 vehicles from $20 to $800 each in damages, depending on the mileage of the plaintiff's vehicle. Class counsel will receive up to $3.45 million in fees and expenses.

Weil Quaranta McGovern Sues Nissan North America over Pathfinder Transmissions

Weil Quaranta McGovern has filed a federal class action lawsuit in South Florida against Nissan North America alleging failure to warn consumers about dangerously defective transmissions in 2013-2014 Pathfinder vehicles. The suit alleges that, on acceleration from 15 to 30 mph, the vehicles are subjected to unexpected shaking and violent jerking preventing the vehicles from accelerating. The suit alleges that Nissan concealed and knowingly sold and leased vehicles with the dangerously defective transmissions, and through its dealers failed to honor express and implied warranties to repair and replace the dangerously defective transmissions. Instead, the 77-page lawsuit claims, consumers’ complaints were delayed, deflected, and ultimately denied. The Consumer Class Action Complaint seeks damages in excess of $5 million, injunctive and declaratory relief, and punitive damages for claims of breach of express and implied warranties, violations of the Magnuson-Moss Warranty Act, and violations of the Florida Deceptive and Unfair Trade Practices Act.

Nissan North America to Pay Reimbursement to Customers Affected by Faulty Break Issue

In order to settle a lawsuit over faulty brakes, Nissan North America has agreed to pay up to $800 to each customers affected by the issue. The reimbursement will be given to current or former owners of 350,000 vehicles including 2004 to 2008 version of Nissan Armadas, Infiniti QX56s and few models of Nissan Titans in the US. The lawsuit dates back to 2011 which claimed problem with an electrical component in some of the vehicles that caused brakes to fail without warning. Plaintiffs had sought for reimbursement for monetary losses only and no claims for physical injuries were made. It is not known how much Nissan have to pay in total and the amount will start from $20 to $800 depending upon the mileage on the vehicle. Owners of the vehicles are expected to receive notice through a mail explaining how to apply for the refund, Associated Press cited Nissan's Court Filing.

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