Yokohama, Japan - Nissan CEO Hiroto Saikawa will resign on September 16, the carmaker said on Monday, bowing to pressure after he admitted to being improperly overpaid and marking further upheaval at a company battered by scandal and plunging profit.
For investors, the worsening relationship with Renault has been a particular concern, casting doubt on the future of the Franco-Japanese automaking alliance at a time of sweeping change and uncertainty in the global auto industry. Among the candidates are non-Japanese, women, and those hailing from Renault, the chairman of Nissan's nomination committee, Masakazu Toyoda, told reporters.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vettel in danger of race ban after 'nightmare' Monza GP | IOL MotoringSebastian Vettel has entered the danger zone for a race ban after falling foul of F1 stewards on Sunday.
Source: IOL - 🏆 46. / 51 Read more »
F8 Spider: Ferrari's most potent V8 now available as a drop top | IOL MotoringFerrari’s most potent V8 car ever is now available in drop top format, with the release of the new F8 Spider. IOLMotoring
Source: IOL - 🏆 46. / 51 Read more »
Nissan board announces CEO Saikawa stepping downNissan CEO Hiroto Saikawa will step down next week amid accusations of financial irregularities.
Source: eNCA - 🏆 49. / 51 Read more »
Anti-apartheid activist Adelaine Hain dies aged 92 | IOL NewsAdelaine Hain, the Port Alfred born anti-apartheid activist who broke ranks with white people and joined the struggle against ...
Source: IOL - 🏆 46. / 51 Read more »
Zandile Gumede to contest in eThekwini conference | IOL NewsThe ANC in KZN has started to prepare for the eThekwini regional conference where Zandile Gumede is expected to throw her hat into the ring.
Source: IOL - 🏆 46. / 51 Read more »
Xenophobic attacks 'part of veiled strategy to formally recolonise' SA - ATM | IOL NewsThe African Transformation Movement (ATM) on Monday condemned what it alleged were 'engineered upheavals' in South Africa.
Source: IOL - 🏆 46. / 51 Read more »