Nissan Motor has started international arbitration against India to seek over $770 million in a dispute concerning overdue state incentives, according to an individual knowledgeable about the matter and files examined by Reuters. In a legal notice sent to Prime Minister Narendra Modi two years ago, Nissan looked for payment of incentives due from the
French automaker Renault anticipates a first-mover benefit in electric automobiles and a broader range of automobiles for emerging markets to help it provide a 44 percent sales boost by 2022. Electric cars are “developing into a substantial contributor to our performance while other automakers are just starting the journey”, CEO Carlos Ghosn stated on Friday.
Renault-Nissan has no present strategies to introduce an additional bonus plan for executives at the carmaking alliance, CEO Carlos Ghosn stated on Thursday. Ghosn made the remarks at Renault’s yearly shareholder meeting after Reuters reported that alliance bankers had prepared plans created to channel millions of euros in additional, concealed bonuses to Ghosn and other
Renault-Nissan alliance bankers have prepared strategies created to channel millions of euros in additional, undisclosed rewards to CEO Carlos Ghosn and other officials by means of a specifically created service company, as per the documents seen by Reuters. Under the initial proposal, Renault, Nissan and Mitsubishi would pay the Dutch-registered company a share of new
Renault-Nissan CEO Carlos Ghosn is recruiting a new operational second-in-command for the automaking alliance, company sources informed Reuters, in a move created to prepare his own succession and advance the companies’ combination. Under the strategy, the presently separate chief competitive officer (CCO) functions at Renault and Nissan would be merged into a single position at
Three shareholder activist groups asked the French market regulator to investigate Renault-Nissan CEO Carlos Ghosn’s possible conflicts of interest and possible breaches of governance by the carmaking alliance. Proxinvest, which advises financiers how to vote on corporate corporate problems, and U.S. activist CtW, put their case for a Renault-Nissan evaluation in a 24-page letter to
A complete merger of Japanese automakers Mitsubishi Motors and Nissan Motor is not on the table, Carlos Ghosn, chairman of both companies, said on Tuesday. “Complete merger is not on the table. We want Mitsubishi to reform itself,” stated Ghosn, who was attending the opening ceremony of a new Mitsubishi factory on the outskirts of
The 2018 Nissan Leaf has been identified with extreme styling modifications over the present model, comparable to the new Micra. Through the camouflage cladding, it’s not hard to see the new Nissan face at the front, with Juke-like V-shaped taillight clusters at the rear. The boot lid likewise takes a more traditional shape than the
France’s consumer fraud guard dog told district attorneys that Renault CEO Carlos Ghosn must be held responsible for the automaker’s suspected diesel emissions cheating, a judicial source stated last week. The comments were included in a dossier sent last November by the finance ministry’s DGCCRF anti-fraud body, the source stated. The company announced at the
Mitsubishi Motors stated an extra four Nissan executives would join its management team as Nissan grips its control over the smaller automaker where it took a controlling stake in 2016. The statement is part of Mitsubishi Motor’s efforts to reconstruct its management system after it confessed in 2016 that it had overemphasized the mileage on
Mitsubishi and its new parent Nissan are studying joint production of pickup trucks in Southeast Asia as they try to find savings under the wider Renault-Nissan alliance, a senior executive informed Reuters. The Japanese groups could pool technical foundations and production of future replacements for the Thai-built Nissan Navara and Mitsubishi Triton, Mitsubishi Chief Operating
Hiroto Saikawa has been recently promoted to CEO at Nissan Motor, Japan’s second-biggest automaker. The 63-year-old takes over in April from Carlos Ghosn, who engineered Nissan’s healing from years of losses and debt through broad cost-cutting and dismantling the generally close ties with providers – the informal keiretsu network once key to Japan Inc’s success.
Renault and alliance partner Nissan are ready to forge closer capital ties however will only do so if France sells its Renault stake, CEO Carlos Ghosn stated. The remarks are likely to deepen a power battle that spilled into public view in April 2015 when the government boosted its stake in the French automaker to
Nissan Motor has taken a draw back from gasoline hybrids having its Note e-Power model, which is expected by automaker to act as a gateway for drivers who will later switch to all-electric cars. This move will also reduce Nissan’s costs. Nissan’s Leaf, all-electric car launched in 2010 and is the world’s top-selling electric vehicle
Renault-Nissan has sold over 400,000 electric cars worldwide and the leader in plug-in automobiles is preparing more investment to preserve its market lead, the CEO of auto alliance stated. Carlos Ghosn revealed the figure during an interview with Reuters on the sidelines of the World Economic Forum in Davos. “We are going to increase investment,