Remember Options Backdating? Nissan Gets Caught Using a Very Old CEO Pay Trick

After more of than a year of one corporate scandal after another–faked emissions tests, claimed improper payments, executive financial misconduct, and even arrests–Nissan may face yet another problem. CEO Hiroto Saikawa reportedly received a bump to a stock-based bonus when the company’s board rescheduled by a week the date it the shares were priced. The […]

Ford Will Shutter U.K. Engine Plant, Extending String of Closures Across Europe

Ford Motor Co. is planning to close a U.K. engine factory as the last major step in an overhaul of its unprofitable European operations. The Bridgend, South Wales plant, which employs about 1,700 workers, builds engines for several Ford models in Europe, including the Fiesta and B-Max. Its future became uncertain 18 months ago when […]

As Brexit Looms, Nissan Stops U.K. Production of Two Infinity Models

Nissan will be shutting down production of two luxury Infiniti models at the U.K.’s biggest auto manufacturing plant within months, it announced Wednesday. About 200 tradespeople will be affected at the factory in the northern city of Sunderland, The Times reports, where 12,000 Infinitis were built last year. Nissan employs 7,000 people in the U.K., […]

Nissan and Renault Dismantle the All-Powerful Chairmanship that Gave Carlos Ghosn So Much Sway

At an alliance meeting Tuesday, Nissan, Renault and junior partner Mitsubishi decided that redistributing decision-making power was the best way to move on without embattled ex-chair Carlos Ghosn. With Ghosn facing up to 10 years in prison on charges relating to financial misconduct, the companies felt they needed to be on more equal footing to […]