Nissan Chief Executive Hiroto Saikawa tendered his resignation Monday after acknowledging that he had received dubious income and vowed to pass the leadership of the Japanese automaker to a new generation. Board member Yasushi Kimura told reporters at an evening news conference at company headquarters in Yokohama that the board has approved Saikawa's resignation, effective Sept. 16, and a successor will be appointed next month. Calls for Saikawa's resignation, which arose after the arrest last
More bowing and apologies over Ghosn scandal, but what did Saikawa know?
Japanese CEO has a 'very critical situation' on his hands.
Alliance strained by distinctly different views of Carlos Ghosn.
TOKYO — The surprise arrest of Nissan's former chairman on charges of falsifying financial reports is providing a window into possible corporate intrigue at the Japanese automaker. Japanese media and some analysts have raised the possibility that the charges against Carlos Ghosn were engineered to sideline him and give Nissan an excuse to end a lopsided alliance with French automaker Renault SA. "What is fascinating about this story is the politics of it," said Egor Matv
Alliance not discussing full merger.
All six factories are shutting down for two weeks.