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

PSA group logo

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. […]

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

Images of Nissan Tiida

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. […]

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

Nissan Motor logo

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 […]

Ghosn rejects report of inappropriate use of Nissan money

Carlos Ghosn pictures

Former Nissan Motor CEO Carlos Ghosn rejected any impropriety over payments he made during his reign at the automaker, after a newspaper report that Japanese tax authorities determined he used company funds for private use. “Mr. Ghosn categorically rejects that there was anything improper about the payments or donations at issue, all of which were […]

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 […]