The CEO of crisis-hit Japanese automaker Nissan plans to resign, reports said on Monday, as the firm’s board meets to discuss an audit launched after former chief Carlos Ghosn’s arrest over financial misconduct.
Nissan Motor Co is not currently considering asking embattled CEO Hiroto Saikawa to resign, two people with knowledge of the matter told Reuters on Friday, a day after he admitted
Under Japanese law, suspects can be held for up to 20 days before being indicted or released, and are not allowed to have their lawyers present during questioning by prosecutors. Once charged, defendants are often refused bail by courts.
Japan’s Nissan Motor will issue $8 billion in dollar-denominated debt and is considering euro-denominated bonds, it said on Friday, as the troubled automaker looks to diversify its funding.
Former Nissan Motor Co Ltd executive Greg Kelly denied charges he helped ex-boss, Carlos Ghosn, hide income as the American lawyer’s trial opened in Tokyo on Tuesday almost two years after Japanese prosecutors arrested the pair.
The automaker says a stop lamp relay can get stuck in the on position. The problem can limit engine power and let drivers shift out of park or start the engine without a foot on the brake pedal.
Nissan Motor forecast on Tuesday its biggest-ever annual operating loss and said it expects vehicle sales to tumble 16% as the coronavirus pandemic hampers the company’s efforts to turn around its business.
Renault’s alliance with Japanese partner Nissan remains French Finance Minister Bruno Le Maire’s priority ahead of any further consolidation with the likes of Fiat-Chrysler, he said on Tuesday.
Nissan Motor Co is optimistic about partnering with a combined Renault and Fiat Chrysler (FCA), as long as it can protect the ownership of technology developed over two decades of working with Renault, a senior executive told Reuters.