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

makoto uchida

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 […]

Mitsubishi could take Renault stake in alliance reorganization

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

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 […]

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

Toyota Motor, Nissan Motor, Honda Motor

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 […]

Nissan is thinking about restarting production in China after February 10

2017 Nissan GT-R NISMO

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 […]

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 […]