Japanese automaker

TOKYO | Nissan says it’s ‘cooperating fully’ with inquiry by US SEC

TOKYO —Jan 28, 2019— Nissan Motor Co. says it has received an inquiry from the U.S. Securities and Exchange Commission. The Japanese automaker said in a statement Monday that it “can confirm that we have received an inquiry from the SEC, and are cooperating fully. We cannot provide further details.” The statement followed reports by … Continue reading TOKYO | Nissan says it’s ‘cooperating fully’ with inquiry by US SEC

TOKYO | Nissan executive on leave for tasks related to Ghosn arrest

TOKYO—Jan 04, 2019—Nissan Chief Performance Officer Jose Munoz, who oversaw the Japanese automaker’s global strategies, is taking a leave of absence to work on “special tasks arising from recent events,” the company said Saturday, referring to the arrest of former Chairman Carlos Ghosn. Nissan Motor Co. spokesman Nicholas Maxfield did not offer any other details. … Continue reading TOKYO | Nissan executive on leave for tasks related to Ghosn arrest

TOKYO | Prosecutors indict Nissan’s Ghosn for underreporting pay

TOKYO  — Prosecutors have charged Nissan Motor Co.’s former chairman Carlos Ghosn, another executive and the automaker itself for allegedly underreporting income. The charges imposed Monday involve allegations Ghosn’s pay was underreported by about 5 billion yen ($44 million) in 2011-2015. The prosecutors said earlier that the allegations were the reason for Ghosn’s arrest on … Continue reading TOKYO | Prosecutors indict Nissan’s Ghosn for underreporting pay

TOKYO | Nissan discloses more dubious inspections amid Ghosn arrest

TOKYO — Nissan, the Japanese automaker under scrutiny after its former chairman Carlos Ghosn was arrested on suspicion of financial misconduct, is recalling 150,000 vehicles spanning 11 models in Japan for dubious inspections for brakes and steering. Nissan Motor Co. Corporate Vice President Seiji Honda told reporters Friday that a recall will be issued next … Continue reading TOKYO | Nissan discloses more dubious inspections amid Ghosn arrest

TOKYO  | Nissan says exhaust tests were altered in latest scandal

TOKYO  — Nissan Motor Co. said Monday that it altered the results of exhaust emissions and fuel economy tests of new vehicles sold in Japan, in the latest misconduct to surface at the Japanese automaker. Nissan acknowledged in September that it had been carrying out illegal post-production tests at its plants, allowing those who weren’t … Continue reading TOKYO  | Nissan says exhaust tests were altered in latest scandal

Toyota lifts profit forecast to record 2.4 trillion yen

TOKYO/February 6, 2018 (AP)(STL.News) —  Toyota is seeing a nearly doubling of profit for the fiscal third quarter, and it lifted its annual profit projection through March to 2.4 trillion yen ($22 billion), a record high for the Japanese automaker. Toyota Motor Corp. reported Tuesday an October-December profit of 941.8 billion yen ($8.6 billion), up … Continue reading Toyota lifts profit forecast to record 2.4 trillion yen