Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

NISSAN MOTOR CO LTD (7201)
My previous session
Most popular
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Nissan Motor : A Top Nissan Executive And Ghosn Ally Resigns

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/12/2019 | 02:48am EST

By Adrienne Roberts

A top Nissan Motor Co. executive and ally of Carlos Ghosn resigned Friday, the company said, the first shake-up at the Japanese auto maker since the arrest of the former chairman.

José Muñoz, who went on a leave of absence a week ago, oversaw business strategy for Nissan's seven regional and business units and had direct oversight of the company's China operations.

His future had been in question following the Nov. 19 arrest of Mr. Ghosn in Japan and criticism from current Nissan Chief Executive Hiroto Saikawa, who had blamed the company's recent profitability struggles on its U.S. strategy. Mr. Muñoz had been considered a potential successor to Mr. Saikawa.

Mr. Muñoz, in a statement posted on LinkedIn and confirmed by his spokesman, said he would continue to assist Nissan in its investigation into alleged financial misconduct involving Mr. Ghosn and colleague Greg Kelly. Messrs. Ghosn and Kelly have denied any wrongdoing.

"Unfortunately, Nissan is currently involved in matters that have and will continue to divert its focus," Mr. Muñoz said in the statement. Mr. Muñoz wasn't available for immediate comment, his spokesman said.

Nissan's investigation into alleged financial misdeeds by Mr. Ghosn has expanded since Mr. Ghosn's ouster as chairman at a Nov. 22 board meeting. The team looking into Mr. Ghosn's actions has grown to include over 100 people around the world, according to Nissan.

Mr. Ghosn, who was charged on Dec. 10 with failing to report his compensation accurately in Nissan's financial statements, has remained in a Tokyo jail since his arrest. Prosecutors on Friday hit Mr. Ghosn with fresh charges of abusing his position at the auto maker for personal gain.

Mr. Muñoz, a native of Spain, joined Nissan in 2004 and was named president of Nissan's Mexico operations five years later. Taking over as chairman of Nissan's North American operations in 2014, he led the car maker through robust growth and record U.S. sales.

He was appointed to the role of chief performance officer in 2016. Mr. Muñoz said in his statement he would explore new opportunities and is looking forward to remaining a part of the auto industry.

Write to Adrienne Roberts at Adrienne.Roberts@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NISSAN MOTOR CO LTD
10:17pNISSAN, RENAULT NOT READY TO DISCUSS : Saikawa
RE
10:15pNissan, Renault not ready to discuss new capital ties - Saikawa
RE
08:50pDetained ex-Nissan chairman Ghosn offers stock, passports for bail
RE
08:35pNISSAN CEO SAYS NOT AT STAGE TO DISC : Jiji
RE
08:18pCARLOS GHOSN : Detained ex-Nissan chairman Ghosn offers stock, passports for bai..
RE
05:43pNISSAN MOTOR : Ghosn says will accept "any and all bail conditions"
AQ
03:39pGhosn may have had questionable ethics, co-chair of external Nissan probe say..
RE
03:33pGhosn may have had questionable ethics, co-chair of external Nissan probe say..
RE
03:07pNISSAN MOTOR : Ex-Nissan chairman Ghosn asks for bail, promises not to flee
AQ
07:43aUPDATE5 : France presses Japan to accept Renault-Nissan merger
AQ
More news
Financials (JPY)
Sales 2019 11 792 B
EBIT 2019 -
Net income 2019 526 B
Debt 2019 6 564 B
Yield 2019 6,21%
P/E ratio 2019 6,77
P/E ratio 2020 6,31
EV / Sales 2019 0,88x
EV / Sales 2020 0,87x
Capitalization 3 856 B
Chart NISSAN MOTOR CO LTD
Duration : Period :
Nissan Motor Co Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NISSAN MOTOR CO LTD
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 1 059  JPY
Spread / Average Target 16%
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
Sector and Competitors
1st jan.Capitalization (M$)
NISSAN MOTOR CO LTD6.70%35 109
TOYOTA MOTOR CORP10.00%201 988
VOLKSWAGEN4.85%83 398
DAIMLER10.85%61 848
GENERAL MOTORS CORPORATION15.43%54 494
BAYERISCHE MOTOREN WERKE3.73%54 191