YOKOHAMA, Feb 18- Nissan's new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan's second biggest automaker which is grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn. Makoto Uchida, who took over the top job in December, put his job on the line at a raucous shareholders'...
YOKOHAMA, Feb 18- Nissan's new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan's second biggest automaker which is grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn. Makoto Uchida, who took over the top job in December, put his job on the line at the automaker's...
*He has sat on plan to effectively pull out of Indonesia- sources. TOKYO, Feb 17- Nissan's new CEO Makoto Uchida doesn't have time to work his way into the job. The mission: the new boss must prove to the board he can accelerate cost-cutting and rebuild profits at the 86- year-old Japanese giant, and that he has the right strategy to repair its partnership with France's...
global economy from China's coronavirus outbreak would not. Europe's broad Euro STOXX 600 hit a record high, gaining 0.1% to mirror gains in Asia after a choppy start to the day. Indexes in London and Frankfurt gained 0.1% and 0.2% respectively, with the former moving higher after AstraZeneca shares turned positive.
PARIS, Feb 14- Renault's first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it. As ex-Volkswagen brand manager Luca de Meo prepares to take over as chief executive of the French automaker, which has been rocked by the Ghosn...
LONDON/ TOKYO, Feb 14- European shares touched record highs on Friday as investors digested whether China's coronavirus outbreak would cause long-lasting damage to global economy. Europe's broad Euro STOXX 600 clawed up 0.1% to follow Asian markets higher in choppy early trading, even as indexes in Paris and London both fell 0.2%. In both cases, corporate...
TOKYO, Feb 14- Shares of Nissan Motor Co sank to their lowest in more than a decade on Friday, after deep cuts to the troubled Japanese automaker's earnings forecast and dividend raised questions about its future profitability. Japan's No.2 automaker is reeling from a scandal surrounding former chairman Carlos Ghosn that has also had a knock-on effect on its...
PARIS, Feb 14- Renault reported its first loss in a decade and cut its 2020 margin target on Friday, as it attempts to draw a line under the Carlos Ghosn affair and reboot its Nissan alliance. Meanwhile, it is also grappling like other automakers, including Japan's Nissan, with tumbling auto demand in some key markets like China. "It has been a tough year for Groupe...
PARIS, Feb 14- French carmaker Renault on Friday posted its first profit loss in 10 years and set a lower operating margin goal for 2020, a crunch year for its planned reboot alongside partner Nissan after a scandal surrounding former boss Carlos Ghosn. The company is trying to move past internal turmoil with a management shake-up, but it is also grappling like...
TOKYO, Feb 14- Japanese shares ended lower on Friday as renewed worries about a coronavirus outbreak in China supported demand for the safe-haven yen and weighed on export-oriented stocks. In its latest update, China's Hubei province health commission said on Friday that it had recorded 116 deaths and 4,823 new cases of the flu-like virus that emerged in the...
YOKOHAMA, Feb 13- Nissan Motor Co on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn. He did not elaborate on what steps might be taken but added that the company's financial position would...
TOKYO, Feb 13- Nissan Motor Co on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn. Its brand image hurt badly by years of heavy discounting in the United States and other countries, Nissan's...
TOKYO, Feb 13- Nissan Motor Co on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn. The dismal outlook also contrasts with upbeat forecasts from rivals Toyota Motor Corp and Honda Motor Co and...
TOKYO, Feb 13- Nissan Motor Co on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn. Japan's No. 2 automaker now expects operating income of 85 billion yen for the year to March, down dramatically...
AMSTERDAM, Feb 10- Carlos Ghosn, the fugitive former auto executive, used a joint venture between Nissan and Mitsubishi to inflate his pay, effectively clawing back a cut to his declared wages, and to cover a personal tax debt, lawyers for the companies said on Monday. Ghosn, the former chairman of the Renault-Nissan-Mitsubishi alliance, was arrested in Japan in...
AMSTERDAM, Feb 10- Nissan informed a Dutch court on Monday that it would request that former boss Carlos Ghosn repay the compensation he received from its Dutch-based joint venture with Mitsubishi, a source close to the Japanese carmaker said. Ghosn used a joint venture between Nissan and Mitsubishi to grant himself a salary and bonus worth 7.3 million euros...
*Court hears Ghosn granted himself $8 million in salary, bonus. AMSTERDAM, Feb 10- Carlos Ghosn, the fugitive former auto executive, used a joint venture between Nissan and Mitsubishi to inflate his pay, effectively clawing back a cut to his declared wages, and to cover a personal tax debt, lawyers for the firms said on Monday. Ghosn, former chairman of the...
AMSTERDAM, Feb 10- Lawyers for Carlos Ghosn, the fugitive former automotive executive, on Monday argued in a Dutch court for the release of internal documents relating to his dismissal by Nissan Motor and Mitsubishi Motors. Ghosn, former chairman of the Renault-Nissan-Mitsubishi alliance, was arrested in Japan in 2018 but fled to Lebanon last December.
*Renault to lead in Europe; Nissan in China. The comments from Jean-Dominique Senard point to an emphasis on more cooperation and operational efficiency as the automakers and junior partner Mitsubishi Motors Corp strive to rebuild profits, which have slumped in the wake of former chairman Carlos Ghosn's arrest in 2018.. Renault and Nissan have struggled to...
*Renault to lead in Europe; Nissan in China. The comments from Jean-Dominique Senard highlight the lack of cooperation and operational difficulties among the automakers and junior partner Mitsubishi Motors Corp. They have struggled to repair a relationship badly strained after the arrest of former chairman Carlos Ghosn in 2018.. Ghosn, who fled Japan to his...
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