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

NISSAN MOTOR CO LTD

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Nissan Motor : to recall 150,000 more vehicles in Japan after improper inspections

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12/07/2018 | 05:05am EST
The logo of Nissan is seen during the 87th International Motor Show at Palexpo in Geneva

TOKYO (Reuters) - Nissan Motor Co said on Friday it will recall 150,000 more vehicles in Japan due to improper final inspections before they were shipped from two Japanese manufacturing plants.

"Nissan has newly found several non-conformities that may have caused inaccurate pass/fail judgements," the carmaker said in a press release.

The latest "non-conformities" involved inspections of brakes, steer wheels, speed measurements and vehicle stability, the company said.

Nissan has already revealed several other cases of improper inspections over the past year. The automaker had said in July that sample testing for emissions and fuel economy in final inspections at most of its factories in Japan did not meet domestic standards.

Since October last year, Nissan has recalled more than 1 million vehicles in Japan because of improper inspections.

(Reporting by Tim Kelly, Editing by Sherry Jacob-Phillips)

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Financials (JPY)
Sales 2019 11 752 B
EBIT 2019 -
Net income 2019 488 B
Debt 2019 6 582 B
Yield 2019 5,98%
P/E ratio 2019 7,61
P/E ratio 2020 6,96
EV / Sales 2019 0,90x
EV / Sales 2020 0,88x
Capitalization 4 004 B
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Mean consensus HOLD
Number of Analysts 20
Average target price 1 027  JPY
Spread / Average Target 8,3%
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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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