Nissan Motor Co. Chief Executive Officer Carlos Ghosn said the automaker’s premium Infiniti unit will contribute significantly to group profit if the yen weakens further to its “normal” historical level.
Nissan Motor Co. reported the slowest annual profit growth among Japanese automakers as success in China backfired when a political dispute triggered a wave of anti-Japan sentiment in the world’s biggest car market.
Coda Holdings Inc., parent of the electric-car maker backed by billionaire Philip Falcone, filed for bankruptcy and will seek to sell its assets to a group led by a Fortress Investment Group LLC unit for $25 million.
General Motors Co. Chief Executive Officer Dan Akerson’s compensation mix was changed in 2012 to accommodate the possibility he may retire before his long-term restricted stock vests in three years, the company said.
Nissan Motor Co. is joining General Motors Co. and Tesla Motors Inc., the largest U.S. sellers of rechargeable autos, in promoting the money-saving benefits of battery-powered cars over saving the planet.
Carlos Ghosn laid a $5 billion bet in 2009 that the world’s next Ford Model T would be electric, and that Nissan Motor Co. would lead a revolution embraced by nations such as Denmark. Three years later, sales of Leaf plug- in vehicles in the Nordic country: 73.
Nissan Motor Co., with U.S. sales lagging the industry’s rebound this year, said it hired a former Chrysler Group LLC executive to run its namesake brand in the country after the departure of a long-time sales official.