Nissan | Common News Update

Nov182020 by adminNo Comments

RBI imposes Rs 5 lakh penalty on Nissan Renault Financial Services India

Finance

MUMBAI: The Reserve Bank of India has imposed a penalty of Rs 5 lakh on Chennai-based Nissan Renault Financial Services India Private Limited for non-compliance with the central bank's directions. In a statement on Wednesday, RBI said the penalty has been imposed for non-compliance with its directions contained in Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 on Fair Practices Code for applicable NBFCs. The statutory inspection of Nissan Renault Financial Services India with reference to its financial position as on March 31, 2019, revealed, inter alia, non-compliance with the RBI directions. The apex bank said a notice was issued to the company advising it to show cause as to why penalty should ...

Feb122020 by adminNo Comments

Nissan seeks £70m in damages from fugitive ex-boss Carlos Ghosn

Business

Nissan has announced a series of planned court actions against its former chairman Carlos Ghosn after his flight from the law in Japan.Ghosn, who was facing criminal charges of financial misconduct in the country - related to his tenure at Nissan - made headlines globally in December when he skipped bail and escaped to Lebanon while protesting his innocence. The carmaker said on Tuesday that it had filed a civil case in Japan seeking $ 91m (£70m) in damages over his alleged criminal activity while at Nissan.The company said the sum it was suing for was likely to "increase in the future" because of fines it was expecting to pay regulators relating to Ghosn's behaviour. ...

Jan12020 by adminNo Comments

Carlos Ghosn: How did the Nissan ex-boss flee from Japan?

Business

He was once a titan of the car industry who held hero status in Japan. He then became one of the country's most well-known criminal suspects. Now he's an international fugitive. Carlos Ghosn, the multi-millionaire former boss of Nissan, spent months preparing to stand trial on financial misconduct charges. At least, that was what the Japanese authorities were led to believe.He posted 1bn yen (£6.8m; $ 8.9m) in bail in April. He was monitored by a 24-hour camera installed outside his house. His use of technology was heavily restricted and he was banned from travelling abroad.Then, in a move that left Japan red-faced and his own legal team baffled, he appeared in Lebanon on New Year's Eve. "I have escaped injustice and political pe...

Feb32019 by adminNo Comments

Remain MPs blame Brexit for Nissan withdrawal

Business

MPs have said Brexit uncertainty is to blame for news that Nissan will withdraw from plans to manufacture its X-Trail model in the UK.Nissan had pledged to manufacture the new SUV model in the UK four months after the referendum - a move seen as a major vote of confidence in the country's manufacturing outside the EU. But Sky News' City editor Mark Kleinman learned on Saturday that the Japanese carmaker is to withdraw from the arrangement on Monday.The news casts doubt over Nissan's future investment in the UK, and stokes debate about the future of British car manufacturing less than eight weeks before the UK is scheduled to leave the European Union.Many Remain supporters said the withdrawal was a worrying indicator of Brexit having a corrosive impact on the British economy. ...

Feb22019 by adminNo Comments

Nissan to cancel X-Trail plan in fresh Brexit blow

Business

By Mark Kleinman, City editor Nissan will drop another bombshell into the heart of Britain's car manufacturing ‎industry next week by announcing the cancellation of plans to manufacture its X-Trail model in the UK.Sky News has learnt that the Japanese carmaker's executives will confirm the move on Monday, casting further gloom over an already-embattled sector. Sources said the X-Trail move would be interpreted as projecting renewed doubt over Nissan's future investment in the UK.It will be an explosive intervention in the debate about Britain's future car production capability less than eight weeks before the UK is scheduled to leave the European Union. ...