Nissan seeks clean slate with CEO exit, but challenges remain

[ad_1] Saikawa exits stage left Crisis-hit Japanese automaker Nissan hopes the resignation of its embattled chief executive will help turn the page on the tumult unleashed by the arrest of former chief Carlos Ghosn. But the firm still faces plenty of challenges, from naming a successor to Hiroto Saikawa and repairing its alliance with partner […]

Crisis-hit Nissan CEO set to resign as board meets

[ad_1] Reports in Japan say Nissan CEO Hiroto Saikawa will step down over issues with his pay The CEO of crisis-hit Japanese automaker Nissan plans to resign, reports said Monday, as the firm’s board meets to discuss an audit launched after former chief Carlos Ghosn’s arrest over financial misconduct. Hiroto Saikawa’s reported decision to step […]

Nissan CEO Saikawa admits receiving excess pay

[ad_1] Saikawa is seeking to repair the damage at Nissan left by the ouster of Carlos Ghosn The head of crisis-hit Japanese automaker Nissan admitted Thursday he received more pay than he was entitled to but denied wrongdoing, as the firm’s former chief faces financial misconduct charges. Nissan is already mired in scandal over the […]

Nissan, Renault eye restructuring for Fiat merger: report

[ad_1] Nissan controls 15 percent of Renault but has no voting rights in the French firm Nissan and Renault are considering changes to their partnership in order to reinvigorate merger negotiations with US-Italian automaker Fiat Chrysler, US media reported on Friday. Negotiations for a tie-up between Renault and Fiat Chrysler (FCA) collapsed in June, with […]