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Original Datsun 240Z sells for a record $460,000
News
7th Feb 2020
2 min read

Original Datsun 240Z sells for a record $460,000

A 1971 Datsun 240Z with 35,000 original kilometres on the odometer has sold for record-breaking US$310,000 ($460,000) at auction. Sold on American auction site Bring a Trailer, the 240Z is a one-owner, all-numbers-matching car dressed in its original Racing Green paint with ‘go fast’ 240Z side stripe decals, and a brown vinyl interior.
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Mandy Turner
Nissan CEO Saikawa resigns due to pay scandal
News
9th Sep 2019
3 min read

Nissan CEO Saikawa resigns due to pay scandal

Hiroto Saikawa, CEO of Nissan, has resigned his post days after it was revealed he had been overcompensated as part of the company's stock appreciation rights scheme. An investigation conducted by the audit committee tasked with finding out and detailing the crimes and misdemeanours of former CEO Carlos Ghosn and former board member Greg Kelly has unearthed evidence of an improper payment to Saikawa back in 2013, when he was an executive vice president.
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Derek Fung
Japanese government may have helped to kill Renault, Fiat Chrysler merger - report
News
24th Jun 2019
1 min read

Japanese government may have helped to kill Renault, Fiat Chrysler merger - report

Japanese worries about the proposed merger's effects on the 20-year old Renault and Nissan alliance may have scuppered the proposed US$35 billion ($51 billion) merger between Renault and Fiat Chrysler (FCA). Sources have told Bloomberg Japanese officials informed their French counterparts about fears the proposed Fiat Chrysler and Renault merger could harm Nissan.
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Derek Fung
Renault to offer Nissan a merger plan - report
News
2nd May 2019
2 min read

Renault to offer Nissan a merger plan - report

Renault is set to propose a merger to Nissan, but the chances of success seem low at this stage. A source has outlined Renault's proposed merger plans to The Nikkei. In the proposal, a new holding company will be formed to own 100% of Renault and Nissan, with current shareholders swapping their current shares for stakes in the new company.
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Derek Fung
Carlos Ghosn re-arrested on fresh charges
News
4th Apr 2019
2 min read

Carlos Ghosn re-arrested on fresh charges

Carlos Ghosn, the former CEO of Renault and Nissan, has been re-arrested by Japanese authorities, alleging of the money paid from his discretionary fund to an affiliate in the Middle East was used for his own personal enrichment. Prosecutors turned up at Ghosn's residence in Tokyo before dawn to take the former executive in for further questioning. The Tokyo prosecutors office has told NHK, Ghosn was arrested for using ¥560 million ($7.1 million) of Nissan's money for personal gain.
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Derek Fung