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Tag Archives: Nissan

Japanese regulators recommend $22 million fine on Nissan

Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) for under-reporting compensation for its former chairman, Carlos Ghosn. The watchdog, the Securities and Exchange Surveillance Commission, said Tuesday it made the recommendation to the government’s Financial Services Agency over disclosure documents from 2014 through 2017. Nissan Motor Co. said it accepted the penalty and ...

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Nissan gives workers 2 unpaid days off as US sales slump

Nissan Motor Co. is making its U.S. factory and office employees take two days off without pay amid slumping sales. The company’s U.S. sales this year are down 7.8% through November. Nissan says nearly all of its 21,000 U.S. workers must take Jan. 2 and 3 off without compensation. A company statement says the furloughs will “optimize business performance and ...

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Nissan cites progress in getting rid of showroom freebies

Carmaker insists it U.S. layoffs over ‘for now’ By TED CARTER Major Mississippi employer Nissan Motor Co. has decided its best bet for a U.S. recovery after a pair of awful quarters is not to sell more cars but to make more money from each car sold. Forget “market share” for now, said Nissan global controller and CFO-designate Stephen Ma, ...

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Youth a plus for Nissan’s Canton plant with high-tech transformation looming

Automotive expert says plant offers much-needed flexibility By TED CARTER The relatively young age of Nissan’s 16-year-old Canton assembly plant could help insulate it from company plans to cut global manufacturing capacity by 10 percent by spring 2022. The planned capacity reductions coincide with a collapse in operating profits halfway through Nissan’s fiscal year. Some of the blame for the ...

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

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 billion yen ($541 million), down from 130 billion yen in 2018. Quarterly sales slipped nearly 7% ...

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Nissan names head of China business to be new CEO

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, who resigned after acknowledging receiving dubious income. The Japanese automaker announced Uchida’s appointment ...

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Fields named Vice President, Manufacturing at Nissan Canton

Nissan announced a change in senior management at its Canton plant with the appointment of Erik Fields as vice president, Manufacturing. Fields has more than 20 years of automotive and engineering expertise. He has spent 12 years at Nissan Canton, serving in various roles of increasing responsibility, including manufacturing program manager, where he helped lead the launch of Nissan Altima, ...

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Nissan odd man out in partner Renault’s FCA merger decision

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 net, getting bitten while others are safe inside. In other words, the ...

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