Business, Technology

Nissan CEO Ousted Over Pay Scandal

Nissan CEO Nissan CEO Hiroto Saikawa takes questions from reporters. (Kiyoshi Ota/Bloomberg News)

Nissan Motor Co. CEO Hiroto Saikawa will step down over a scandal involving inflated stock-linked bonuses, deepening the turmoil that’s enveloped the Japanese automaker since the arrest of former Chairman Carlos Ghosn.

Ma Jie and Tsuyoshi Inajima | Bloomberg News
September 9, 2019
Business, Technology

Nissan Braces for Pain as Weak Profits Force Restructuring

Nissan Nissan CEO Hiroto Saikawa (Akio Kon/Bloomberg News)

Nissan Motor Co. confirmed reports of a 90% drop in quarterly operating profit and a broader restructuring a day before posting results, underscoring the Japanese automaker’s struggle to get back on stable footing.

Ma Jie and Masatsugu Horie | Bloomberg News
July 24, 2019

Nissan Approves New Board, Gives Renault Executives More Say

Nissan Nissan CEO Hiroto Saikawa (Noriko Hayashi/Bloomberg News)

Nissan Motor Co. shareholders voted in favor of a new board and director committees that are set to ease tensions with partner Renault SA as the companies chart a path forward for their two-decade-old alliance.

Ma Jie | Bloomberg News
June 25, 2019
Business, Equipment, Autonomous

Waymo to Study Driverless Services With Renault-Nissan Alliance

Waymo Caitlin O'Hara/Bloomberg News

Waymo agreed to explore driverless services with Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp., pairing a leader in self-driving technology with the world’s largest automotive alliance.

Ania Nussbaum | Bloomberg News
June 20, 2019
Business, Logistics

Renault Chairman Pledges to Restore ‘Damaged’ Nissan Partnership

Renault Andrey Rudakov/Bloomberg News

Renault SA Chairman Jean-Dominique Senard promised to improve relations with partner Nissan Motor Co., telling shareholders at an annual meeting in Paris that broken trust between the companies is repairable.

Ania Nussbaum | Bloomberg News
June 12, 2019
Business, Logistics

Fiat Chrysler, Toyota and Nissan Sales Up on Best Deals of Year

Cars Patrick T. Fallon/Bloomberg News

Fiat Chrysler Automobiles NV, Toyota Motor Corp. and Nissan Motor Co. posted surprise gains in U.S. sales for May as carmakers offered richer deals to consumers to clear mounting inventory.

June 3, 2019
Government, Business

Renault-Nissan Set to Enter Auto Elite if Alliance Can Become Merger

Nissan Akio Kon/Bloomberg News

A merger between longtime alliance partners Renault SA and Nissan Motor Co. would codify a global automotive pecking order dominated by three megaplayers, putting pressure on everyone else to bulk up or risk being left behind. They just need to find a way to agree.

April 29, 2019

Carlos Ghosn Freed on Bail Again After Being Jailed on New Charges

Carlos Ghosn Carlos Ghosn is escorted out of the Tokyo Detention House following his release on bail in Tokyo on April 25. (Kiyoshi Ota/Bloomberg News)

Carlos Ghosn walked out of a Tokyo detention center April 25 after winning release on bail for the second time, giving the deposed auto titan a chance to prepare his defense against charges of funneling millions of dollars from Nissan Motor Co. through an intermediary for his own purposes.

Kae Inoue | Bloomberg News
April 25, 2019
Government, Business

Carlos Ghosn to Be Indicted on New Charges April 22, NHK Says

Carlos Ghosn Former Nissan Chairman Carlos Ghosn is expected to be indicted on a fresh round of charges April 22. (Keith Bedford/Bloomberg News)

Carlos Ghosn will be indicted on a fresh round of charges April 22 as Japanese prosecutors pursue their case against the former chairman of Nissan Motor Co., broadcaster NHK reported April 19.

Ma Jie | Bloomberg News
April 19, 2019
Business, Technology

Nissan Downgraded on Weak Profit Outlook

Nissan Chris Ratcliffe/Bloomberg News

Nissan Motor Co. took another hit as the automaker’s debt rating was cut on concerns the next two years will be marked by slowing sales and a preoccupation with cleaning up after the scandal involving Carlos Ghosn.

Kevin Buckland and Ma Jie | Bloomberg News
February 21, 2019