The problems caused by superstar CEOs September 12, 2019 Earlier this year, a new chapter unfurled in the sad saga of former automotive industry leader Carlos Ghosn, when Japanese prosecutors arrested the embattled former chairman of Nissan and Renault for the fourth time since November 2018. Ghosn has been under house arrest since April, awaiting trial. He faces charges that he understated his income [...]
Consumer group calls on car manufacturers to recall faulty models September 10, 2019 Some of the UK’s most popular car models are among the least reliable and could leave motorists facing mechanical failures and potentially high repair bills, new research has found. Consumer rights group Which said it has uncovered “inherent flaws” in some vehicles made by carmakers including Nissan, Seat, and Tesla, and called on manufacturers to [...]
Nissan crisis: Chief resigns after year of scandal and financial turmoil September 9, 2019 The crisis at Japanese automotive giant Nissan deepened today, after chief executive Hiroto Saikawa was asked to quit by the company’s board. In a sometimes heated late night press conference in Japan, board members confirmed that Saikawa, who had already expressed a desire to leave the top job, would step down. Read more: Nissan chief [...]
Nissan chief ‘tells executives he plans to resign’ after torrid year September 8, 2019 Nissan boss Hiroto Saikawa is believed to have told executives that he plans to resign from the top job at the troubled Japanese car maker. Board members are already scheduled to meet early on Monday morning, where they will likely discuss finding a new Nissan boss. They are said to have already drawn up a [...]
Nissan boss admits overpayment as boardroom scandal roars back into life September 5, 2019 Nissan’s long-running scandal over executive pay has received a new lease of life after chief executive Hiroto Saikawa admitted he was overpaid in violation of internal company rules via a scheme designed by disgraced former boss Carlos Ghosn. An internal investigation is said to have found Saikawa and several other executives had received more pay [...]