Nissan is looking for its third CEO in as many years. Following the resignation of Hiroto Saikawa after a scandal over pay, the Japanese automaker’s board needs to find a leader who can guide the company through decade-low profits and job cuts as car sales slow globally.
Nissan Motor Co. CEO Hiroto Saikawa will slash some 12,500 jobs worldwide as part of new plan to revive the company after reporting a 99 percent plunge in operating profit in the latest quarter on falling sales in every major market except China.
Nissan Motor Co. expects that zero-emission cars will make up to 20 percent of its sales in Europe by 2020, Gareth Dunsmore, the automaker’s regional electric-vehicle chief, said.
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