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Tag Archives: nissan
Nissan Scandal – a Gift That Keeps on Giving – Executive Officer and Vice COO Jun Seki Unexpectedly Resigns
The Nissan Corporate governance crisis is ongoing and comes as Nissan has started its new management under Representative Executive Officer, president and CEO Makoto Uchida as of December 1, 2019. Seki was to be a key executive in administering the turn-around that seeks to halt slumping sales, confusing brand images and expensive incentive programs. Continue reading
Posted in fools 'n frauds, litigation, news analysis, people
Tagged auto industry commentary, autoinformed.com, Ghosn Matter, Jun Seki, Kenneth Zino, nissan
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Nissan and EVgo Charging Adding 200 New Fast Chargers
The joint investment by Nissan and EVgo expands on a six-year link between two of the early providers in transportation electrification in the U.S. Nissan has installed more than 2,000 quick-charge connectors in the country since 2010. Continue reading
Posted in electric vehicles, environment
Tagged auto industry commentary, autoinformed.com, automotive blog, EVgo, Ken Zino, leaf, nissan
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Directors Carlos Ghosn, Greg Kelly Voted Out at Nissan
Hiroto Saikawa, President, among others, came under shareholder scrutiny for his protested innocence of having any knowledge of the scandal even though he was one of Ghosn’s “ right hand men…” Continue reading
Renault Board Backtracking on Carlos Ghosn Innocence
This is a significant departure from its initial backing of Ghosn in the latest twist of an ongoing global intrigue that involves in-fighting among Alliance partners, income inequality, trade wars and corporate governance policies in France, Japan and elsewhere. Continue reading
Ghosn Fallout – Nissan Board Changes
Nissan claims that building the best possible corporate governance structure as an urgent task and is working on swift implementation of a new organization. The company is now preparing an internal system to enable transition by the end of June, in expectation of receiving shareholder approval at the scheduled Annual General Meeting of Shareholders. Continue reading
Ghosn Fallout – Nissan Changes American Senior Management
Japanese prosecutors have accused him of hiding his compensation and shifting personal investment losses to Nissan’s books. Ghosn denying the charges claims Nissan executives who opposed closer ties to Renault went to Japanese authorities with false charges. Adding to the intrigue, Ghosn remains on the Board of Directors at al three companies. Continue reading
IndustriALL Endorses Global Agreements to Fight and Shape Policy on the Growing Number of Auto Plant Closures
So whither auto plants with their well-paid, highly skilled and heavily unionized work? Plant closures and retrenchments in several countries is worrying for unions. Continue reading
Nissan Mired in Japanese Corporate Governance Scandals
The latest development also casts doubt about the origination and integrity of a Nissan internal investigation into former Chairman Carlos Ghosn who is due to be released today after a month in Japanese jail for allegedly under reporting deferred income. Ghosn says he will vigorously defend his actions. Continue reading
Posted in fuel economy or emissions, news analysis, people, quality, recalls
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, connected vehicles, infrastructure, Japanese Ministry of Land, Ken Zino, new vehicle reviews, nissan, Nissan Emissions scandal, Transport and Tourism
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No Deal Brexit to Cost UK Auto Sector £9 Billion Per Year
It’s not only angry Trump voters who are self-destructive, the UK under the Brexit fiasco is about to lose £9 Billion a year due to a conservative Republican-like temper tantrum that will materially hurt middle class workers, as well as society as a whole. Continue reading
Posted in economy, financial results, news analysis, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Brexit, connected vehicles, honda, jaguar land rover, Ken Zino, lmc automotive, new vehicle reviews, nissan, psa group, toyota, UK light vehicle production, Vauxhall/Opel
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Nissan Board Deletes Carlos Ghosn as Chairman and Director
The board of directors for Nissan Motor Co. met today at the company’s global headquarters in Yokohama, Japan. The board endorsed the long-standing and profitable Alliance partnership with Renault saying, “it remains unchanged” and that “the mission is to minimize the potential impact and confusion on the day-to-day cooperation among the Alliance partners.” Continue reading
Posted in auto news, financial results, litigation, milestones, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, carlos ghosn, Ken Zino, new car reviews, nissan, Nissan Board of Directors, Renault Nissan Mitsubishi Alliance, Tokyo Stock Exchange
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Carlos Ghosn Given Temporary Reprieve by Renault Board
It was the latest twist on an ongoing saga that involves alleged tax evasion by Ghosn. It also raised, yet again, the embarrassing issue that foreign executives demand and receive far greater compensation than their Japanese equivalents. Continue reading
Nissan Chairman Carlos Ghosn Arrested and About to be Sacked by Board for Financial Misconduct. Renault-Nissan-Mitsubishi Alliance Position Threatened.
Ghosn as chief executive of the Renault-Nissan-Mitsubishi Alliance is now under fire. Ghosn retired from the highest job at Nissan last year, but remained heading the world’s largest automotive alliance, saying he planned on staying until 2020. Ghosn was paid ¥227 million in cash and stock options by Mitsubishi Motors in 2017. Continue reading
Nissan Dealerships Backing Toys for Tots with Star Wars
Participating Nissan dealerships will collect unwrapped toys for distribution by Toys for Tots in time for the holidays. Continue reading
Posted in marketing
Tagged autoinformed, autoinformed.com, Ken Zino, nissan, Star Wars: Force for Change, Toys for Tots
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Nissan 2015 Titan Pickup Gets Cummins Turbo Diesel
Year-to-date Titan has sold 10,000 trucks, a 21% decline from 2011. Market leader Ford sold 60,000 F-Series pickups in the month of July alone. Later this fall, Ram will up the ante in the ongoing pickup truck fuel economy game by offering the first light-duty diesel engine pared with an 8-speed automatic transmission, both exclusives in the segment. Continue reading
Posted in new vehicle
Tagged autoinformed, autoinformed.com, cummins, Ken Zino, nissan
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Two Spanish Nissan Plants on Strike over Job Security
On 14 May, the Nikkei Shimbun published a speculative story on Nissan’s future production strategy. “Nissan in fiscal 2019 produced about 55,000 vehicles in Spain, accounting for about 10% of its European output. It will shift its Barcelona production to Renault plants in France and elsewhere,” said the Nikkei. “Nissan has not made any official statement on this subject. Nissan’s midterm planning is in progress and has not been concluded yet. As announced earlier, Nissan will announce a revised midterm plan along with fiscal year 2019 financial results on May 28,” said a Nissan statement. Continue reading →