October 27, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    2020 Nissan Versa, Nissan 2020 Versa

    Nissan Motor to issue $8 billion in dollar-denominated debt

    Japanese Nissan Motor will issue $8 billion in dollar-denominated debt and is thinking about euro-denominated bonds, it said on Friday, as the troubled automaker looks to diversify its funding. The bond sale is its first dollar-denominated issuance since its tie-up with French automaker Renault SA in 1999, a Nissan spokesperson said. It comes as investors have […]

    Nissan
    Carlos Ghosn in Norway

    Seven suspects in Ghosn’s escape stand trial in Turkey

    Seven suspects went on trial in Turkey on Friday because of their alleged involvement in former Nissan Motor CEO Carlos Ghosn’s escape from Japan to Lebanon via Istanbul at the end of 2019. Ghosn was arrested in Japan in November 2018 and charged for underreporting his salary and using company funds for personal purposes. Ghosn […]

    Nissan , Renault
    makoto uchida

    Nissan must watch cash given chances of second coronavirus outbreak, says CEO

    Japanese automaker Nissan Motor’s cash situation is “tough” as the coronavirus pandemic has damaged car sales, and the automaker must be careful in the coming months as a second wave of infections may add to liquidity issues, CEO Makoto Uchida informed Reuters on Thursday. “With the coronavirus situation, our cash liquidity is quite tough,” Uchida […]

    Nissan
    Carlos Ghosn in Lebanon

    Japan to seek extradition of men arrested over Carlos Ghosn escape

    Japan said on Thursday it was working to secure the quick extradition of two men arrested in the United States on charges of allowing the dramatic escape of ousted Nissan Motor boss Carlos Ghosn from the country. U.S. officials arrested a former U.S. Army Special Forces soldier and another man on Wednesday over the charges […]

    Nissan
    Carlos Ghosn Renault-Nissan

    Nissan says it has noted U.S. arrests in Carlos Ghosn case

    Nissan Motor said on Thursday it still reserves the right to take more legal measures in the case involving its former Chairman Carlos Ghosn, after the United States officials arrested two men on charges they allowed his escape from Japan. “Nissan notes the extradition proceedings in the US. As previously announced, Nissan finds the former […]

    Nissan
    Carlos Ghosn pictures

    Two men wanted by Japan over Carlos Ghosn’s escape arrested in the US

    U.S. officials on Wednesday arrested a former Special Forces soldier and another individual wanted by Japan on charges that they allowed the escape of former Nissan Motor boss Carlos Ghosn out of the country. Federal prosecutors in Massachusetts stated former U.S. Green Beret Michael Taylor, 59, and his son, Peter Taylor, 27, helped Ghosn in […]

    Nissan
    Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

    Mitsubishi could take Renault stake in alliance reorganization

    Mitsubishi Corp could possibly invest in Renault as part of scenarios being thought to reinforce an alliance between Renault, Nissan and Mitsubishi Motors, two sources knowledgeable with the issue said. French newspaper Les Echos reported previously on Thursday, mentioning an unnamed executive knowledgeable with the discussions and other unnamed sources, that Mitsubishi, a conglomerate with […]

    Mitsubishi , Nissan , Renault
    Toyota Motor, Nissan Motor, Honda Motor

    Nissan, Honda, Toyota close more plants in Europe, Asia due to coronavirus

    Japanese automakers on Wednesday stated they would temporarily stop more vehicle plants in Europe and Asia as coronavirus continues to spread and prompts countries to instruct non-essential businesses to postpone operations. An increasing number of global automakers have been closing plants in Europe and beyond as the COVID-19 outbreak is leading governments to impose commuting […]

    Honda , Nissan , Toyota
    Nissan Motor logo

    Japanese minister says Carlos Ghosn should stand trial in Japan

    Former Nissan chairman Carlos Ghosn should stand trial in Japan, a Japanese government minister informed the Lebanese government during a visit to Beirut on Monday, adding that Beirut had agreed to reach to a decision but without saying how. “We believe it is obvious and natural for Ghosn to stand trial in Japan and this […]

    Nissan
    Carlos Ghosn Renault-Nissan

    Nissan sues Carlos Ghosn with $91 million lawsuit

    Nissan filed a $91 million lawsuit against former Chairman of the company Carlos Ghosn on Wednesday in a Japanese court, contributing further into the range of issues emerging from Ghosn’s November 2018 arrest on allegations of financial fraud in Japan. The latest lawsuit attempts to recover damages the automaker stated it suffered “as a result of […]

    Nissan
    2017 Nissan GT-R NISMO

    Nissan is thinking about restarting production in China after February 10

    Nissan Motor stated on Tuesday that it is thinking about restarting production in China in its venture with Dongfeng Motor sometime after February 10, mentioning government guidance and its assessment of the coronavirus epidemic. The Japanese automaker also stated production in Hubei province, the epicenter of the epidemic, will resume sometime after February 14. The […]

    Nissan
    PSA group logo

    PSA names two former Renault, Nissan officials to head DS and Citroen

    French automaker PSA on Wednesday hired two executives it recruited just now from the Renault-Nissan-Mitsubishi alliance to head up its DS and Citroen brands and added them to its global executive committee. PSA stated Beatrice Foucher, presently deputy DS chief executive and an ex-Renault manager would take the place of Yves Bonnefont as DS CEO. […]

    Nissan , Renault
    Nissan Motor logo

    Nissan top executive Seki to resign amid the turnaround plan

    The executive tasked with overseeing a recovery at Nissan Motor stated he had decided to resign just weeks into his recent job, a move that could disturb the automaker’s push to turn the corner on scandal and declining sales. Jun Seki, Nissan’s vice chief operating officer and a former contender for chief executive, informed Reuters […]

    Nissan
    Images of Nissan Tiida

    Japan’s markets watchdog recommends $22 million fine for Nissan

    Japan’s markets watchdog stated on Tuesday that it has recommended that Nissan Motor should be fined about 2.4 billion yen ($22 million) concerning the underreporting of former chairman Carlos Ghosn’s compensation. The fine would concern the four financial years from April 2014 to March 2018, markets watchdog the Securities and Exchange Surveillance Commission (SESC) stated. […]

    Nissan
    Nissan Motor logo

    Japan’s markets watchdog to recommend fining Nissan over false reporting

    Japan’s markets watchdog will probably recommend the financial regulator fine Nissan Motor about 2.4 billion yen ($22 million) over misleading reporting on its financial statement, anytime soon, public broadcaster NHK reported on Sunday. Nissan’s former Chairman Carlos Ghosn was arrested in Tokyo in November 2018 over accusations of financial misconduct, including understating his salary by […]

    Nissan

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