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 | 03:48am EDT

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
05:55aCounting the cost - Nissan unpicks Ghosn legacy of 'high-handedness' and 'wro..
RE
04:14aDongfeng-Nissan JV says mid-term China sales plan has not changed
RE
03:30aAP PHOTOS : City that voted for Brexit is still waiting
AQ
02:23aNISSAN MOTOR : Urgent Headline News
AQ
01:23aNISSAN MOTOR : announces arrival of 2019 KICKS in dual color tones across the Mi..
AQ
03/19NISSAN MOTOR : Tawfik announces initial partnership deal between Nissan, El Nasr..
AQ
03/19NISSAN MOTOR : announces senior management changes in Canada
AQ
03/19NISSAN MOTOR : Egypt, Nissan cooperate in establishing new automobiles factory
AQ
03/19NISSAN MOTOR : eyes boosting foorprint in Egypt, GCC by 2022
AQ
03/19NISSAN MOTOR : Egypt, Nissan cooperate in establishing new automobiles factory
AQ
More news
Financials (JPY)
Sales 2019 11 739 B
EBIT 2019 -
Net income 2019 466 B
Debt 2019 6 590 B
Yield 2019 5,96%
P/E ratio 2019 8,05
P/E ratio 2020 7,38
EV / Sales 2019 0,90x
EV / Sales 2020 0,90x
Capitalization 4 018 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
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 1 006  JPY
Spread / Average Target 5,7%
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 LTD11.20%36 006
TOYOTA MOTOR CORP7.82%194 824
VOLKSWAGEN6.46%85 808
DAIMLER AG15.14%64 173
BAYERISCHE MOTOREN WERKE7.10%55 843
GENERAL MOTORS CORPORATION14.41%53 941