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Japanese Automaker

All articles tagged with #japanese automaker

Nissan Shares Surge 21% as Activist Investor Effissimo Acquires Stake

Originally Published 1 year ago — by Financial Times

Nissan's shares surged by up to 20% after Effissimo Capital Management, a Singapore-based activist investor, took a stake in the company. This move comes amid Nissan's financial struggles, including a recent profit downgrade and job cuts. Effissimo is known for its campaigns against major Japanese corporations like Toshiba. The investment has sparked speculation about potential takeovers or industry shake-ups, as Nissan faces intense competition from Chinese electric car manufacturers. Effissimo's involvement is seen as an attempt to exert more pressure on Nissan, particularly regarding its relationship with Nissan Shatai.

business business activist-investor business effissimo-capital-management japanese-automaker nissan stock-market

"Long Wait Ahead for Japanese Carmaker After Faking Safety Tests"

Originally Published 2 years ago — by The Associated Press

Daihatsu, a subsidiary of Toyota, doesn't expect to resume shipping cars soon after cheating on safety tests for decades, leading to a government order to halt production. The company faces a tough road in winning back customer trust and is working on preventing future cheating. An investigation found 174 cases of faked tests affecting dozens of models, with potential recalls of over 300,000 vehicles. The scandal has raised questions about the leadership of the Toyota group and its overall brand trust.

business business business cheating-scandal daihatsu japanese-automaker safety-tests toyota