Latest Hiroto Saikawa News

Nissan governance steps, board win shareholders' approval

Jun. 25, 2019 3:12 AM EDT

YOKOHAMA, Japan (AP) — Scandal-battered Nissan won its shareholders' approval Tuesday for a new system of committees to oversee governance and for keeping Chief Executive Hiroto Saikawa on its board. The Japanese automaker's profits and dividends have tumbled amid a high-profile scandal involving its...

Proxy companies advise shareholders against Nissan's Saikawa

Jun. 12, 2019 4:48 AM EDT

TOKYO (AP) — Two investor research companies are advising Nissan shareholders to turn down a proposal to reappoint the automaker's chief executive, Hiroto Saikawa, as a board director, citing possible oversight problems at the Japanese automaker after the arrest of his predecessor Carlos Ghosn. A corporate...

Nissan slams Renault abstention on governance efforts vote

Jun. 10, 2019 8:26 AM EDT

TOKYO (AP) — Nissan chief executive Hiroto Saikawa criticized the Japanese automaker's French alliance partner, Renault, on Monday for trying to block changes to strengthen corporate governance following the arrest of former Nissan Chairman Carlos Ghosn. Nissan received a letter from Renault saying it...

France's Le Maire hopes to fortify Renault-Nissan alliance

Jun. 9, 2019 8:04 AM EDT

FUKUOKA, Japan (AP) — The French government's priority as a shareholder in automaker Renault SA is to fortify its alliance with Japan's Nissan, France's finance minister, Bruno Le Maire, said Sunday. Protecting jobs and Renault's factories and technology is the top concern given the government's 15% stake...

No-say Nissan had tech that drove Fiat Chrysler-Renault idea

Jun. 7, 2019 3:08 AM EDT

TOKYO (AP) — Nissan wasn't consulted on the proposed merger between its alliance partner Renault and Fiat Chrysler, but the Japanese automaker's reluctance to go along may have helped bring about the surprise collapse of the talks. While Nissan Motor Co. had a weaker bargaining position from the start,...

Renault delays decision on Fiat Chrysler marriage proposal

Jun. 4, 2019 5:22 PM EDT

PARIS (AP) — Renault has delayed a decision on whether to merge with Fiat Chrysler, a deal that could reshape the global auto industry as carmakers race to make electric and autonomous vehicles for the masses. The deal still looks likely, but faced new criticism Tuesday from Renault's leading union and...

Renault's FCA merger move leaves partner Nissan in the cold

Jun. 4, 2019 1:51 PM EDT

TOKYO (AP) — Some Japanese are using an old expression to describe how Nissan was left out of talks that led to the proposed merger between its French alliance partner Renault and Fiat Chrysler Automobiles: "kaya no soto." That translates to "outside the mosquito net," or the unlucky person outside the...

The Latest: Renault delays decision on Fiat Chrysler merger

Jun. 4, 2019 12:56 PM EDT

PARIS (AP) — The Latest on Fiat Chrysler's proposal to merge with Renault (all times local): 6:50 p.m. Renault is delaying a decision on whether to launch exclusive merger talks with Fiat Chrysler. Renault's board said Tuesday after meeting at its headquarters near Paris that it will meet again Wednesday...

New auto giant? Fiat Chrysler wants to merge with Renault

May. 27, 2019 5:13 PM EDT

PARIS (AP) — Fiat Chrysler proposed on Monday to merge with France's Renault to create the world's third-biggest automaker, worth $40 billion, and combine forces in the race to make electric and autonomous vehicles. The merged company would reshape the global industry: it would produce some 8.7 million...