Tag: Nissan Motor Co

Nissan Board Set to Meet as It Faces a Leadership Crisis

Nissan’s board of directors is set to meet on Monday as the company’s top executive, Hiroto Saikawa, faces a widening crisis of confidence in his leadership. The board is expected to hear the results of a 10-month investigation into the company that was prompted by the arrest last November of Carlos Ghosn, its former chairman, […]

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Nissan Chief Hiroto Saikawa Confirms He Was Improperly Overpaid

The embattled chief executive of Nissan, Hiroto Saikawa, said on Thursday that he had received higher compensation than he was entitled to, but denied any prior knowledge of the matter. Speaking to local news media, Mr. Saikawa acknowledged that an internal Nissan investigation had discovered that he and other executives had received stock-linked compensation beyond […]

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Nissan Got Rid of Carlos Ghosn. The Way It Did So May Prove Costly.

After the arrest last year of its chairman, Carlos Ghosn, Nissan has made a very public accounting of its management failures, from a lack of strong internal checks and balances to board meetings that lasted only 20 minutes. That frankness may play well with the Japanese public and with prosecutors, who have charged the company […]

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Carlos Ghosn Hasn’t Seen His Wife in Months. Japan’s Prosecutors Want It That Way.

TOKYO — There is a long list of things that Carlos Ghosn, the embattled former chief of the Nissan-Renault-Mitsubishi auto alliance, is not allowed to do as he awaits trial in Japan. He cannot leave Tokyo. He cannot use the internet outside his lawyer’s office. He cannot meet friends without informing the court. And he […]

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Renault and Nissan Need Each Other to Thrive in Future, 2 Leaders Say

A hoped-for merger between Fiat Chrysler and Renault is dead. Long live the Renault-Nissan-Mitsubishi Alliance — or else. That, in essence, was the message that emerged from interviews last week with Jean-Dominique Senard, the chairman of Renault, and Keiko Ihara, an independent Nissan board member, about the future of the troubled partnership between the automakers. […]

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Nissan Reforms Pass, Saikawa Reappointed as CEO

<img data-attachment-id="1679096" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/06/shutterstock_379189045.jpg" data-orig-size="1000,597" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="nissan logo nissan sign dealership" data-image-description=" FotograFFF/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/06/shutterstock_379189045-450×269.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/06/shutterstock_379189045-610×364.jpg” class=”aligncenter size-large wp-image-1679096″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/06/shutterstock_379189045-610×364.jpg” alt width=”610″ height=”364″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/06/shutterstock_379189045-610×364.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/06/shutterstock_379189045-75×45.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/06/shutterstock_379189045-450×269.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/06/shutterstock_379189045-768×458.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/06/shutterstock_379189045-120×72.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/06/shutterstock_379189045.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> Nissan’s planned corporate governance reforms were teetering on the brink of disaster after alliance partner […]

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Nissan Reappoints Saikawa to Board as Shareholders Hammer Renault

YOKOHAMA, Japan — Nissan’s embattled chief executive, Hiroto Saikawa, was re-elected to the company’s board on Tuesday, during an annual meeting in which shareholders vented their anger at the scandal-wracked company’s French partner, Renault. Mr. Saikawa apologized on Tuesday to shareholders gathered at a hotel in Yokohama, where Nissan is based, for the company’s financial […]

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Glare Falls on Nissan’s C.E.O. as Ghosn Fallout Spreads

Nissan’s chief executive, Hiroto Saikawa, is in the toughest fight of his corporate life. And it’s all Carlos Ghosn’s fault. At least that’s what Mr. Saikawa has said for seven months since Mr. Ghosn — the architect of the Nissan-Renault-Mitsubishi alliance — was detained by Japanese prosecutors and accused of financial wrongdoing. Mr. Saikawa, once […]

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Renault and Nissan Make Peace in a Deal to Tighten Oversight

Renault announced on Thursday it had settled a core dispute in its rocky relationship with Nissan ahead of a pivotal meeting of Nissan shareholders next week in Japan, in a deal that officials hope will allow both companies to focus on strengthening the world’s largest auto alliance. The companies had clashed over a Nissan plan, […]

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Nissan and Renault Lock Horns as Relationship Sours Further

TOKYO — The cracks in the world’s largest auto alliance grew wider on Monday, as Nissan Motor condemned threats by its French partner, Renault, to withdraw support for the Japanese automaker’s efforts to overhaul its governance. The message marks a new low in the relationship, and reflects the fallout of the collapse of a proposed […]

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After Fiat-Renault Merger Implodes, Fingers Point to French Government

PARIS — It was supposed to be a transformative merger in an industry facing intractable challenges. But Fiat Chrysler and Renault ran headlong this week into a familiar problem in France: the government itself. With the two companies edging toward a deal, officials in Paris played a role that comes naturally — safeguarding jobs and […]

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Carmakers Turn to Survival Tactics With Industry Under Siege

FRANKFURT — It’s a scary time to be in the car business. The internal combustion engine is under attack from electric challengers. Car ownership is becoming optional in the age of Uber. Regulators around the world are fining companies that don’t do enough to cut CO2 emissions, even as buyers demand gas-guzzling S.U.V.s. Global auto […]

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Why Fiat Chrysler’s Talks With Renault Fell Apart

The proposed merger of Fiat Chrysler Automobiles and Renault, a tie-up seen as a transformative deal in an industry facing with technological challenges, fell apart on Wednesday, and the recriminations started almost immediately. The stock prices of both companies — which jumped after Fiat announced its plan last week — are feeling the effects. In […]

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Fiat Chrysler Withdraws Its Offer for Renault

Fiat Chrysler late Wednesday abruptly withdrew a proposal to merge with Renault, walking away from a deal that had the potential to change the balance of power in the global auto industry. In a statement Wednesday evening, Fiat Chrysler said it continued to believe that the merger proposal was solid and “carefully balanced to deliver […]

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Fiat and Renault Try to Reassure French Officials and Nissan

PARIS — As Renault board members prepared to meet on Tuesday to consider a merger with Fiat Chrysler, the French government was scrambling to ensure that it would have influence over a proposed tie-up that could significantly change the balance of power in the global auto industry. And another interested party to the potential deal […]

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Infiniti Moves Back to Japan

<img data-attachment-id="1675640" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_527067172.jpg" data-orig-size="1000,665" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="infiniti logo" data-image-description=" Kazick/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_527067172-450×299.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_527067172-610×406.jpg” class=”aligncenter size-large wp-image-1675640″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_527067172-610×406.jpg” alt width=”610″ height=”406″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_527067172-610×406.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_527067172-75×50.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_527067172-450×299.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_527067172-768×511.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_527067172-120×80.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/05/shutterstock_527067172.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”>Nissan Motor Co’s premium brand, Infiniti, will relocate back to Japan as part of the automaker’s commitment to restructuring […]

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A Fiat Chrysler-Renault Merger Would Put Nissan in a Bind

When Japanese police officers surrounded Carlos Ghosn’s Gulfstream jet last November and packed him off to a Tokyo jail, they unwittingly provoked a seismic realignment of the global auto industry. Mr. Ghosn’s sudden fall set off a chain of events that, this month, prompted Renault’s chairman, Jean-Dominique Senard, and John Elkann, the Fiat Chrysler chairman, […]

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Fiat Proposes Merger With Renault to Create New Auto Giant

Fiat Chrysler said on Monday that it proposed a merger with its French rival Renault, forming a global partnership aimed at improving their chances of surviving the coming perilous and costly shift to electric and self-driving cars. If the deal is consummated, the new company would displace General Motors as the third-largest car company in […]

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Renault and Fiat Chrysler Set to Announce a Global Partnership

Fiat Chrysler and Renault were deep in talks on Sunday about a global partnership agreement that could ultimately lead to a full-blown merger, according to three people with knowledge of the companies’ talks. The negotiations remained fluid on Sunday, with a range of outcomes possible. Both sides were hoping to announce an agreement on Monday […]

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