Carlos Ghosn News
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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.
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The smile on Kazuo Hirai’s face shows why the yen’s drop below 100-to-the-dollar is as much a curse for Japan as a blessing.
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Toyota Motor Corp.’s half-decade of fighting the yen is over, at least for now.
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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.
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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.
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Renault SA, Europe’s third-biggest carmaker, will build the next version of Japanese partner Nissan Motor Co.’s Micra compact car in its home country of France in an effort to use excess capacity.
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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.
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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.
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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.
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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.
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