Latest Nissan Motor Co Ltd News

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...

Nissan chief hands in resignation, successor to be named

Sep. 9, 2019 11:24 AM EDT

YOKOHAMA, Japan (AP) — Nissan Chief Executive Hiroto Saikawa tendered his resignation Monday after acknowledging that he had received dubious income and vowed to pass the leadership of the Japanese automaker to a new generation. "It would have been better if I had been able to resolve everything first,"...

Nissan chief got dubious payments but says he didn't know

Sep. 4, 2019 11:53 PM EDT

TOKYO (AP) — The chief executive of scandal-plagued Nissan on Thursday acknowledged receiving inappropriate payments from the Japanese automaker but denied he ordered it or knew about it. Hiroto Saikawa said an internal company investigation found he had received the money, but he would return it. "I...

New prosecutor defends Japan's handling of Carlos Ghosn case

Sep. 3, 2019 5:47 AM EDT

TOKYO (AP) — Tokyo's newly appointed chief prosecutor defended his office's handling of the case against former Nissan Chairman Carlos Ghosn Tuesday, saying everything is being carried out properly under Japanese law, including a court-ordered ban on Ghosn's contact with his wife. Asked about criticisms of...

Macron expected to raise Carlos Ghosn case with Japan's Abe

Aug. 22, 2019 9:46 AM EDT

PARIS (AP) — The wife of Carlos Ghosn on Thursday urged French President Emmanuel Macron to intercede on behalf of the former chairman of Nissan and Renault when he meets with Japanese Prime Minister Shinzo Abe at the G-7 summit in France. The appeal is Carole Ghosn's latest effort to pressure Japan into...