Nissan expected to cut 12,500 jobs worldwide

Nissan Motor logo

Japanese automobile mammoths, Nissan have announced that they will cut 12,500 jobs worldwide after profits dropped to almost zero. Nissan, Japan’s second largest automobile manufacturers released this statement on Thursday. They announced that their profits were almost worn to frazzle. The made the announcement on Thursday after their operating profits dropped by 99% in the […]

Nissan Motor retains Saikawa as CEO

Hiroto Saikawa

Nissan Motor stated Friday that Hiroto Saikawa would remain as chief executive, backing the protege of former chairman Carlos Ghosn even as top shareholder Renault had previously pushed for a modification in the Japanese automaker’s leadership. Saikawa’s re-appointment is likely to be observed as a rebuff to Renault SA, which has pushed for leadership modifications […]

Carlos Ghosn indicted on misappropriation charge in ‘most serious allegation’ yet

Carlos Ghosn Renault-Nissan

The Tokyo District Public Prosecutor’s Office on Monday indicted former Nissan Motor Chairman Carlos Ghosn for a fourth time, this time he is charged for alleged misappropriation of the company’s money for personal use — an accusation referred by legal experts as the most serious brought against him so far. With the latest charge, Ghosn […]