Nissan will reach 2% profit margin goal despite COVID-19 parts pain, CEO says
Achieving the target set out last year in Nissan's turnaround plan would be a positive sign the carmaker is holding up despite the shortages plaguing the industry.
Nissan CEO says $1.4 billion U.K. electric vehicle hub ‘just a start’
The automaker is betting that roughly a decade of experience making EVs will give it a leg-up over rivals in the increasingly crowded segment.
Carlos Ghosn looms over Nissan annual meeting years after arrest
Shareholders at the automaker’s annual meeting Tuesday repeatedly questioned executives about the events surrounding Ghosn’s 2018 arrest.
Nissan eyes return to profit in 2021 on back of resurgence in China
The company, which in May reported its first fiscal year loss in a decade, is forecasting a strong recovery in the Chinese market by year-end.
Nissan sees sharp sales and profit drop as business struggles
Nissan will shut three production lines and cut about 14,000 jobs globally, up from 12,500 announced a year ago.
More trouble at the top for Nissan, as COO Ashwani Gupta captures attention
Allies of the chief operating officer are pressing the board to promote him to co-CEO, so he can drive the turnaround plan he is said to have engineered.
Nissan faces more pain before gain as business hit further by coronavirus, new CEO says
CEO Makoto Uchida promised to unveil a turnaround plan in May, on top of cutting more than 12,500 jobs amid decade-low profits and management turmoil caused by Carlos Ghosn’s 2018 arrest.
Nissan CEO tells angry shareholders he is ready to be sacked if no turnaround
Nissan Motor Co.'s new chief executive said Tuesday he will 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 former Chairman Carlos Ghosn. Addressing shareholders for the first time ...
Nissan's Brexit scenarios include closing European plants, report says
Japanese automaker Nissan Motor Co. has drafted a contingency plan to focus on its Sunderland plant in the U.K. and cut European production if a hard Brexit leads to tariffs on car imports from the continent, the Financial Times reported, citing two people involved ...
Inside Nissan, a renewed push to get Renault to cut its stake
A proposal is being floated atop Nissan Motor Co. for the company to revive efforts to push Renault SA to reduce its stake in the Japanese carmaker and help balance the partnership, a person familiar with the matter said. The plan would involve both companies ...
Nissan bolsters task force to prepare for onslaught of criticism from Carlos Ghosn: sources
Nissan Motor Co. has strengthened a task force of senior officials ahead of an expected onslaught of criticism from former Chairman Carlos Ghosn following his dramatic escape from house arrest in Japan, three sources familiar with the matter said. Ghosn, who fled Japan to his ...
New Nissan CEO vows to improve corporate culture after Ghosn's rule
New Nissan Motor Co. CEO Makoto Uchida vowed Friday to improve the automaker's corporate culture following the two-decade rule of former chairman Carlos Ghosn, who was arrested and ousted over financial misconduct allegations last year. "I will be committed (to my job) with the focus ...
