
Nissan shares fall 5% after safety inspection failures
Shares in Nissan Motor Co fell sharply on Monday after the Japanese automaker said tens of thousands of vehicles had been produced without proper safety checks, raising the possibility of a wide recall.
Nissan said it has temporarily suspended registrations of around 60,000 new vehicles after Japanese government checks found that unqualified personnel had carried out final safety checks at six domestic factories, including group company plants.
The DailyBrief Must-reads from across Asia - directly to your inboxNissan's shares fell as much as 5.3% to 1,054.5 yen in early trade on Monday, their lowest since April, before paring losses. The wider Nikkei average was flat.
At a press conference on Friday, Nissan could not say from when the inappropriate checks had been carried out, or the total number of vehicles that could be involved.
The automaker said it has temporarily suspended registrations while it re-inspects affected vehicles, adding that a third party will take part in its internal investigation.
The Ministry of Land, Infrastructure and Transport, which carried out the checks, said on Friday it has asked Nissan to report measures to prevent a recurrence by the end of October.
Comments
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Manuka Honey Market Report 2024, Industry Growth, Size, Share, Top Compan...
- Modular Kitchen Market 2024, Industry Growth, Share, Size, Key Players An...
- Acrylamide Production Cost Analysis Report: A Comprehensive Assessment Of...
- Fish Sauce Market 2024, Industry Trends, Growth, Demand And Analysis Repo...
- Australia Foreign Exchange Market Size, Growth, Industry Demand And Forec...
- Cold Pressed Oil Market Trends 2024, Leading Companies Share, Size And Fo...
- Pasta Sauce Market 2024, Industry Growth, Share, Size, Key Players Analys...
Comments
No comment