The current status quo about the alliance between French automaker Renault and its Japanese partner Nissan cannot carry on and must be modified as it is presently weakening Renault, stated French finance minister Bruno Le Maire. “The status quo is not possible, the status quo is weakening the overall group, we have to push forward, […]
Nissan
Nissan Motor retains Saikawa as CEO
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 […]
Nissan projects the weakest profit in a decade
Nissan Motor attempting to rebuild its deteriorated reputation over failed corporate governance after the criminal investigation of two former executives, slash its operating profit outlook by a sharp 28 percent for fiscal 2019 to its lowest in a decade. At a news conference Tuesday at Nissan’s headquarters in Yokohama, CEO Hiroto Saikawa stated operating profit […]
Nissan revenues slide fuels Renault deal pressure
Renault is slowly pushing for a change of Nissan leadership as a beginning to merger talks, sources at both companies stated, after the Japanese automaker warned of additional slide in earnings following the Carlos Ghosn scandal. Jean-Dominique Senard, who took the place of Ghosn as Renault chairman in January, sees Nissan boss Hiroto Saikawa as […]
5 Most Common Repairs for Nissan Altimas
Nissan Altimas are generally great cars. Since their first release in 1992, Altimas have been consistent in providing sporty handling and stylish looks while remaining affordable. While Altimas tend to be reliable, they sometimes have problems, just like any other car. Here are some common repairs for Nissan Altimas. 1. Power Steering Noises The newest […]
Renault to propose joint holding company with Nissan
Renault is going to propose a plan to form a joint holding company that would provide the French automaker and Japanese partner Nissan equal footing, a person with knowledge of the issue informed Reuters. Under the proposal, both companies would nominate an equal number of directors to the new company, that would be led by […]
Ghosn leaves Tokyo jail, agrees to limit contact with his wife
Former Nissan boss Carlos Ghosn walked out of a Japanese jail for a second time late on Thursday, on $4.5 million bail after accepting to limit contact with his wife as he awaits trial on financial misconduct charges. After a Tokyo court declined an appeal by prosecutors against his release, Ghosn left the Tokyo detention […]
Japanese court rejects prosecutors’ appeal against Ghosn’s bail
Former Nissan Motor boss Carlos Ghosn was set to leave a Japanese jail after the Tokyo District Court on Thursday declined a prosecutors’ appeal against its decision to permit his release on bail, Kyodo News and public broadcaster NHK reported. The court previously approved Ghosn’s release on bail of 500 million yen ($4.5 million). Ghosn […]
Carlos Ghosn granted $4.5 million bail
Former Nissan Motor boss Carlos Ghosn has been granted bail for the second time since his arrest last year on financial misconduct charges, after posting $4.5 million bail on Thursday and accepted curbing on contacting his wife. A Tokyo court lays out a new condition for bail that Ghosn cannot meet or otherwise communicate with […]
Senior executive Schillaci to depart amid reshuffle, says Nissan
Nissan Motor on Tuesday stated the executive responsible for its Nissan, Datsun and Infiniti brands was departing, as it announced a management reshuffle to enhance governance after the ouster of former boss Carlos Ghosn. Nissan stated Daniele Schillaci, an executive vice- president who had been accountable for the three brands and for all tasks in […]
Nissan Motor cuts profit outlook to a near-decade low
Nissan Motor cut its full-year profit forecast to its lowest in almost a decade because of weakness in the United States, just as it adjusts to life without Carlos Ghosn and charts its future with the partner Renault SA. The automaker expects operating profit for the year ended March to drop 45 percent against a […]
Renault again proposed merging with Nissan
Renault SA has once again proposed a merger with Nissan Motor, according to a source knowledgeable with the matter, a move that could fire up a feud within the alliance just as its current management is starting to operate following the removal of Carlos Ghosn. Nissan declined the proposal made in mid-April, the source stated. […]
Lawyer requests bail after Ghosn indicted for fourth time
Japanese prosecutors indicted Carlos Ghosn on another charge of aggravated breach of trust, a Tokyo court stated, the fourth charge against the former Nissan Motor boss, which his lawyers met immediately with a bail request. The charge came on the day Ghosn’s recent detention period was set to expire. Ghosn had been out on bail […]
Carlos Ghosn indicted on misappropriation charge in ‘most serious allegation’ yet
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 […]
Nissan refers output cut report as entirely ‘incorrect’
Nissan Motor stated on Friday a report by the Nikkei that it would cut production in 2019 was “completely incorrect” and that it had filed a complaint with the business daily, in uncommonly strong denial of a media report in Japan. The remark came after the Nikkei, revered in Japan for its business news and […]
