Nissan officials answer to angry shareholders on red ink, Ghosn scandal

Filed under: Earnings/Financials,Government/Legal,Mitsubishi,Nissan,Renault

Nissan Chief Executive Makoto Uchida told shareholders Monday he is giving up half his pay after the Japanese automaker sank into the red amid plunging sales and plant closures in Spain and Indonesia. “I promise to bring Nissan back on a growth track.” Nissan, based in Yokohama, Japan, sank into its first annual loss in 11 years, reporting a 671.2 billion yen ($6.3 billion) loss for the fiscal year that ended in March.

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Nissan officials answer to angry shareholders on red ink, Ghosn scandal originally appeared on Autoblog on Mon, 29 Jun 2020 08:43:00 EDT. Please see our terms for use of feeds.

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