Latest Hiroto Saikawa News

Scandal-hit Nissan's profits crash amid lower global sales

Nov. 12, 2019 4:59 AM EST

TOKYO (AP) — Japanese automaker Nissan reported Tuesday that its July-September profit tumbled to half of what it earned the year before as sales and brand power crumbled following the arrest of its former chairman, Carlos Ghosn. Yokohama-based Nissan Motor Co.'s fiscal second quarter profit totaled 59...

Japanese automaker Honda cuts profit outlook as sales slip

Nov. 8, 2019 3:40 AM EST

TOKYO (AP) — Honda has become the latest automaker to report weaker earnings as global demand softens. The company said Friday that its profit in the July-September fell 6.7% from a year earlier to 196.5 billion yen ($1.8 billion) as vehicle and motorcycle sales slipped. An unfavorable exchange rate also...

At Tokyo auto show, visions for cars of the future, no Ghosn

Oct. 23, 2019 4:50 AM EDT

TOKYO (AP) — The Tokyo Motor Show opens this week with plenty of futuristic technologies but absent one of the auto industry's hugest influencers: Nissan's former Chairman Carlos Ghosn. Since Ghosn's arrest for alleged financial misconduct in November 2018, Nissan has seen its sales and profits tumble...

Nissan names head of China business to be new CEO

Oct. 8, 2019 9:05 AM EDT

TOKYO (AP) — Nissan has tapped the head of its China business, Makoto Uchida, as its new president and chief executive, to help lead a recovery from the leadership crisis and sinking profitability that followed the arrest of its former chairman, Carlos Ghosn, last year. Uchida is replacing Hiroto Saikawa,...

Nissan paying $15M, Ghosn $1M to settle US fraud charges

Sep. 23, 2019 8:03 PM EDT

WASHINGTON (AP) — Nissan will pay $15 million and former chairman Carlos Ghosn will pay $1 million to settle allegations by U.S. regulators that they hid more than $140 million of Ghosn's retirement benefits from investors. The Securities and Exchange Commission announced Monday the settlement of civil...