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ETC
Billions of euros, millions of jobs — carmakers' no-deal Brexit warning grows more dire

13.8 million people work in the auto sector

A month before Britain is due to quit the European Union, the bloc's car-makers have joined forces to warn of billions of euros in losses in the event of a no-deal Brexit with production stoppages costing 50,000 pounds a minute in Britain alone. Britain is scheduled to quit the EU on October 31 but businesses have grown increasingly concerned at Prime Minister Boris Johnson's apparent lack of progress toward a new withdrawal deal to replace the proposals of his predecessor Theresa May, which th

Report
Nissan and Carlos Ghosn settle SEC claims over undisclosed compensation

None of the parties involved have admitted guilt

Nissan Motor Co and its former Chief Executive Carlos Ghosn have agreed to settle claims from the U.S. Securities and Exchange Commision over false financial disclosures related to Ghosn's compensation, an SEC statement said on Monday. Nissan will pay $15 million, while Ghosn agreed to a $1 million civil penalty and a 10-year ban from serving as an officer or director of a publicly traded U.S. company, the SEC statement said.

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