Nissan is looking for its third CEO in as many years. Following the resignation of Hiroto Saikawa after a scandal over pay, the Japanese automaker’s board needs to find a leader who can guide the company through decade-low profits and job cuts as car sales slow globally.
Nissan Motor Co. CEO Hiroto Saikawa will slash some 12,500 jobs worldwide as part of new plan to revive the company after reporting a 99 percent plunge in operating profit in the latest quarter on falling sales in every major market except China.
Japanese prosecutors want Carlos Ghosn to confess to financial misconduct, his son told French weekly Journal du Dimanche.
South Korea banned the sale of 10 models built by Nissan, BMW and Volkswagen Group’s Porsche brand after an investigation found the automakers fabricated documents related to emission tests.
Former Kia boss Vlastimil Cepiska was appointed the new director of Nissan Sales Central & Eastern Europe for the Czech Republic and Slovakia, the exclusive importer of Nissan vehicles for both countries. He takes office Jan. 2, 2017.
The European Union’s competition chief said today she did not see any concerns over a British assurance to Japanese carmaker Nissan Motor Co. related to Brexit, but that she was still waiting for details to have more clarity about the case.
Nissan Motor’s decision to keep investing in Britain came after the carmaker told the government it might shut down manufacturing in the country after Brexit, according to a person familiar with the private discussions.
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