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MarketScreener Homepage  >  Equities  >  Tokyo  >  Nissan Motor Co Ltd    7201   JP3672400003

NISSAN MOTOR CO LTD

(7201)
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Nissan Motor : Ghosn sues Nissan, M'bishi Motors, seeks 15 mil. euros in damages

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07/18/2019 | 02:04am EDT

Carlos Ghosn is suing Nissan Motor Co. and Mitsubishi Motors Corp. and seeking 15 million euros ($13.4 million) in damages from the two companies he used to chair, claiming their Dutch joint venture unjustly terminated his employment contract, French media reported Wednesday.

While Nissan-Mitsubishi B.V., set up in 2017 to promote cooperation by the two Japanese automakers, ended its contract with Ghosn in March, Nissan has said it intends to dissolve the company.

Ghosn's lawyers said the termination of the contract was "not sufficiently substantiated," according to the online edition of Le Figaro.

In January, Mitsubishi Motors said they had discovered that Ghosn received about 7.82 million euros "illegally" from NMBV between April and November 2018.

Ghosn was accused of being employed and receiving payment from the joint venture without going through a formal procedure and ordering an unauthorized person to write up his employment contract.

Nissan Motor CEO Hiroto Saikawa and Mitsubishi Motors Chairman Osamu Masuko serve as directors of the joint company.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
MITSUBISHI MOTORS CORPORATION 0.20% 499 End-of-day quote.-12.76%
NISSAN MOTOR CO LTD -0.79% 768 End-of-day quote.-10.29%
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Financials (JPY)
Sales 2020 11 234 B
EBIT 2020 260 B
Net income 2020 245 B
Debt 2020 6 676 B
Yield 2020 5,55%
P/E ratio 2020 12,4x
P/E ratio 2021 8,46x
EV / Sales2020 0,86x
EV / Sales2021 0,85x
Capitalization 3 005 B
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Technical analysis trends NISSAN MOTOR CO LTD
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 22
Average target price 813,95  JPY
Last Close Price 768,00  JPY
Spread / Highest target 92,7%
Spread / Average Target 5,98%
Spread / Lowest Target -32,3%
EPS Revisions
Managers
NameTitle
Hiroto Saikawa Vice Chairman, President & Chief Executive Officer
Hiroshi Karube Chief Financial Officer
Takao Asami Senior Managing Executive Officer & Head-Research
Anthony Thomas Chief Information Officer & Corporate VP
Carlos Ghosn Bichara Director
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