Business / Corporate Jul 28, 2020
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.
Business / Corporate Jun 18, 2020
More trouble at the top for Nissan, as COO Ashwani Gupta captures attention
by Norihiko Shirouzu
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.
Business / Corporate Mar 4, 2020
Nissan faces more pain before gain as business hit further by coronavirus, new CEO says
by Reed Stevenson and Masatsugu Horie
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.
Business / Corporate Feb 18, 2020
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 ...
Business / Corporate Feb 3, 2020
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 ...
Business / Corporate Jan 28, 2020
Inside Nissan, a renewed push to get Renault to cut its stake
by Reed Stevenson and Tsuyoshi Inajima
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 ...
Business / Corporate Jan 7, 2020
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 ...
Business / Corporate Dec 28, 2019
Nissan picks new director candidate after sudden resignation by No. 3 executive
Nissan Motor Co. picks Hideyuki Sakamoto, an executive vice president, as a candidate for director after accepting the resignation of its No. 3 executive.
Business / Corporate Dec 13, 2019
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 ...
Business / Corporate Dec 2, 2019
New Nissan chief Makoto Uchida vows to turn around the embattled automaker
by Kazuaki Nagata
A new three-way leadership structure is designed to avoid the mistakes made during the Carlos Ghosn era.
Business / Corporate Dec 2, 2019
Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. have agreed to set up a new company to jointly develop advanced technologies for next-generation vehicles, according to sources familiar with the matter. The sources said Sunday the alliance wants to bolster cooperation after its leader, ...
Business Nov 1, 2019
Nissan names new CFO, shuffles execs ahead of CEO Makoto Uchida's arrival
Nissan Motor Co. unveiled the responsibilities of its new top managers, appointing a new chief financial officer and making other executive moves as the automaker seeks to turn a new page almost a year since the arrest of former Chairman Carlos Ghosn. Stephen Ma, corporate ...