Renault Sa News
Nissan Motor Co Ltd reported a 70 percent profit drop on Tuesday and cut its full-year outlook to an 11-year low, as the Japanese automaker was hit by falling sales that highlight its ongoing turmoil after the ouster of former head Carlos Ghosn
Nissan Chief Executive Hiroto Saikawa said he wanted to preserve the spirit of equality in the alliance
Carlos Ghosn gets bail: Emmanuel Macron says France to remain ‘vigilant’ on ex-Nissan chief’s treatment in Japan
Carlos Ghosn has denied all four charges against him, which include understating his income and temporarily transferring personal financial losses onto Nissan’s books.
Carlos Ghosn claims innocence in first appearance since November arrest; says unfairly detained on meritless charges
Ghosn is also accused of making $14.7 million in payments to Saudi businessman Khaled Al-Juffali using Nissan funds in exchange for arranging a letter of credit to help with his investment losses.
Nissan is looking to introduce the e-NV200 series in China in the near term as it expects demand will “explode”.