Tag: Nissan Motor Co.
Any reduction of the stake will need approval from France, which owns 15% of Renault.
The cuts include the 4,800 already announced in May, and will mostly be at factories overseas with low utilisation rates.
Renault SA’s alliance with Nissan Motor Co., already stressed by the Carlos Ghosn affair and a failed merger proposal by Fiat Chrysler Automobiles NV, lurches toward a new crisis.
There is a more than one-in-three chance of a further delay in Nissan’s profit recovery, which has lowered the company’s long-term issuer credit rating.
Nissan Motor Co CEO Hiroto Saikawahas yet to announce a turnaround plan, which raises questions of whether he is fit to continue as Nissan's head.
The planned e-sedan is part of Infiniti’s longer-term strategy to significantly "electrify" its product lineup.
Carlos Ghosn is prohibited from using the Internet and leaving Japan while awaiting his trial, which could be a year away.
Carlos Ghosn's daughter, when hearing Hiroto Saikawa’s news conference, suspects company investigations started over opposition to tie-ups between Nissan and Renault which her father tried to arrange.
Nissan dropped 4.6% in Tokyo, the largest decline since November 2016, before the company held a press conference Monday. The stock has lost 11% of its value this year.