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February 25, 2020
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Reuters - Business

Nissan’s new CEO says willing to be fired if no turnaround

Reuters
YOKOHAMA (Reuters) – Nissan’s (7201.T) new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan’s second biggest automaker which is grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn. FILE PHOTO: Nissan Motor chief executive Makoto Uchida......
Reuters - Business

Nissan CEO sees earnings, cashflow under pressure this business year

Reuters
FILE PHOTO: Nissan Motor chief executive Makoto Uchida speaks during a news conference at Nissan Motor headquarters in Yokohama, Japan, December 2, 2019. REUTERS/Kim Kyung-Hoon/File Photo YOKOHAMA (Reuters) – Nissan Motor Co (7201.T) Chief Executive Makoto Uchida on Tuesday said he expects weak global car sales to keep the Japanese......
CBS US News

Automakers in China gradually reopen after virus shutdown

CBS News
CBS News – For more and to sign up click here Automakers are reopening factories in China that were idled by anti-virus controls as they try to reverse a sales slump in their biggest market. Local officials have orders from the ruling Communist Party to get businesses functioning again while......
Reuters - Business

Clock’s ticking for Nissan boss Uchida to show he has a plan: sources

Reuters
TOKYO (Reuters) – Nissan’s new CEO Makoto Uchida doesn’t have time to work his way into the job. He is effectively on probation and has a matter of months to show he can revive the ailing automaker, according to three people familiar with the thinking of some on the company’s......
Reuters - Business

Nissan shares tumble to ten-and-a-half year low after earnings rout

Reuters
FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February 13, 2020. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Shares of Nissan Motor Co (7201.T) fell to their lowest in 10-1/2 years on Friday, tumbling nearly 10% after the struggling Japanese automaker cut its annual profit forecast......
Reuters - Business

Nissan slashes profit outlook after sales slide, says more restructuring needed

Reuters
YOKOHAMA (Reuters) – Nissan Motor Co (7201.T) on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn. Nissan Motor Co CEO Makoto......
Reuters - Business

Nissan slashes full-year profit forecast after sales slump

Reuters
Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February 13, 2020. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Nissan Motor Co (7201.T) on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a......
Reuters - Business

Nissan seeks $91 million in damages from Ghosn over alleged financial misconduct

Reuters
TOKYO (Reuters) – Nissan Motor Co (7201.T) on Wednesday said it had filed a civil lawsuit in Japan against former Chairman Carlos Ghosn seeking 10 billion yen ($91.02 million) in damages over his alleged financial misconduct. Ghosn had been facing criminal charges in Japan for understating his annual salary and......
Reuters - Business

Nissan may report first quarterly loss since March 2009: sources

Reuters
TOKYO (Reuters) – Nissan Motor Co (7201.T) may report its first quarterly loss in more than a decade on Thursday because of slumping sales, sources familiar with the company said, adding more pressure on efforts to rebuild the company after Carlos Ghosn’s ouster. FILE PHOTO: The logo of Nissan Motor......
Reuters - Business

In Dutch court, fugitive Ghosn fights for document release

Reuters
AMSTERDAM (Reuters) – Lawyers for Carlos Ghosn, the fugitive former automotive executive, on Monday argued in a Dutch court for the release of internal documents relating to his dismissal by Nissan Motor (7201.T) and Mitsubishi Motors (7211.T). FILE PHOTO: Former Nissan chairman Carlos Ghosn gestures during a news conference at......
Reuters - Business

In Dutch court, Ghosn seeks release of internal documents

Reuters
FILE PHOTO: Former Nissan chairman Carlos Ghosn gestures during a news conference at the Lebanese Press Syndicate in Beirut, Lebanon January 8, 2020. REUTERS/Mohamed Azakir/File Photo AMSTERDAM (Reuters) – Lawyers for Carlos Ghosn, the fugitive former automotive executive, on Monday argued in a Dutch court for the release of internal......
CNBC Business

Who is Carlos Ghosn?

CNBC
CNBC – For more and to sign up click here Carlos Ghosn was a businessman with a cult-like following. Credited with turning around the fortunes of several major auto companies, he was showered with awards, flattering profiles and even appeared on a Lebanese stamp. However, Ghosn is now in the......
Reuters - Business

Japan issues arrest warrants for ex-U.S. soldier, two others for Ghosn escape

Reuters
FILE PHOTO: Former Nissan chairman Carlos Ghosn gestures during a news conference at the Lebanese Press Syndicate in Beirut, Lebanon January 8, 2020. REUTERS/Mohamed Azakir TOKYO (Reuters) – Japanese authorities on Thursday issued arrest warrants for a former U.S. special forces soldier and two other men on suspicion of smuggling......
Reuters - Business

Exclusive: Do or die – Nissan takes the axe to the house Ghosn built

Reuters
YOKOHAMA, Japan (Reuters) – Nissan (7201.T) is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said. FILE PHOTO: Nissan’s Ariya concept car is displayed during the Tokyo......
Reuters - Business

Renault, Nissan chief engineers to meet, revive R&D projects: sources

Reuters
PARIS (Reuters) – Renault’s (RENA.PA) engineering boss will meet his counterpart at Nissan (7201.T) in Japan this week, two sources close to Renault said, as the carmakers seek to revive projects crucial to an alliance left reeling by the Carlos Ghosn affair. FILE PHOTO: The logos of car manufacturers Renault......
Reuters - Business

Ghosn’s right-hand man stands high chance of acquittal in Japan: ex-prosecutor

Reuters
TOKYO (Reuters) – A lieutenant to Carlos Ghosn who is facing charges in Japan for underreporting his salary at Nissan Motor Co (7201.T) stands a very high chance of being acquitted, as would Ghosn had he remained in Japan to face trial, a former prosecutor said. FILE PHOTO: Greg Kelly,......
Reuters - Business

Renault, Nissan share ‘real desire’ to make alliance work: chairman

Reuters
PARIS (Reuters) – Renault (RENA.PA) Chairman Jean-Dominique Senard said on Thursday there was a “real desire” within the top ranks of both companies for its alliance with Nissan to succeed, dismissing suggestions the partnership was on the rocks. Turmoil within the Franco-Japanese alliance, long dogged by internal rivalries, deepened following......
Reuters - Business

Carlos Ghosn’s Japanese lawyers quit after former Nissan chief absconds

Reuters
TOKYO (Reuters) – Japanese attorneys representing Carlos Ghosn, including lead lawyer Junichiro Hironaka, quit on Thursday following the former Nissan chief’s flight to Lebanon from Japan, where he had been fighting financial misconduct charges. In an emailed statement, Hironaka said everyone involved in the case at his practice had resigned.......
Reuters - Business

Ex-Nissan boss Carlos Ghosn’s lawyer Hironaka resigns: NHK

Reuters
FILE PHOTO: Junichiro Hironaka, chief lawyer of the ousted Nissan Motor Co Ltd chairman Carlos Ghosn, attends a news conference in Tokyo, Japan, March 4, 2019. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Ousted Nissan Motor Co (7201.T) boss Carlos Ghosn’s lawyer, Junichiro Hironaka, has resigned following his client’s flight to......

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