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Nissan CEO Who Oversaw Ghosn's Downfall Testifies in Court


Nissan CEO Who Oversaw Ghosn’s Downfall Testifies in Court
Bloomberg
2/24/2021
River Davis
(Bloomberg) Former Nissan Motor Co. Chief Executive Officer Hiroto Saikawa told a Tokyo court that he agreed that former Chairman Carlos Ghosn should have been paid more to prevent him from going to a rival automaker.
Greg Kelly, the former Nissan director who was arrested on the same day as Ghosn in November 2018, is standing trial for allegedly helping the former chairman of Nissan and its alliance with Renault SA and Mitsubishi Motors Corp. understate tens of millions of dollars in compensation. Saikawa took the stand Wednesday to testify about his role in the events leading to the arrests more than two years ago, which triggered turmoil within the carmaker and later led to his escape from Japan and life as a fugitive in Lebanon. ....

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Nissan Trims Full-Year Loss Outlook as Covid-Hit Sales Recover


Nissan Ekes Out Profit as Sales Show First Sign of Recovery
Bloomberg
2/9/2021
River Davis and Tsuyoshi Inajima
© Bloomberg
Newly manufactured automobiles parked at the Nissan Motor Co. plant in Sunderland, U.K., on Friday, Dec. 18, 2020. Nissan Motor Co. has opted to ship an upcoming electric vehicle to Europe from Japan rather than produce it in the U.K., where one of its largest factories faces existential risk from a hard Brexit.
(Bloomberg) Nissan Motor Co. trimmed its loss outlook for the fiscal year and posted a surprise operating profit for the most recent quarter, a sign the beleaguered automaker is beginning to recover from the worst of the pandemic’s impact on its already depressed sales. ....

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