Nissan CEO Return His Pay After Inspection Scandal

Nissan
Global

The highest ranking officer of Japanese car giant Nissan said today he will pay part of his money until next March following a harmful scrutiny scandal.

Japanese car giant Nissan recollect some 1.2 million vehicles after confessing in October that staff without genuine permission had carryout final inspections on some vehicles plan for the home market before they were shipped to buyers.

The company temporarily stop all production schedule for the local market last month, but recommence production last week at all plants.

“I have been returning bit of my monthly pay since October,” president of Nissan and chief executive officer Hiroto Saikawa told reporters today.

Saikawa, who took over the highest rank from Carlos Ghosn at the beginning of this year, said he would continue to pay until the end of March 2018.

“I’m doing this on a my own free will,” he said, adding that he “understands” that other senior officer have been doing the same.

Details of the executives’ salaries were not immediately available.

Nissan also present the outcome of the investigation into the scandal to the transport ministry.

The details admit that unsuitable inspections became “the norm by the 1990s at many of the plants,” adding that wrongdoing may have been carried out since 1979 at one plant.

Read alsoRenault Raises 2022 Profitability Goal as Electric Models Line up

The probe also revealed that the plants were short of final survey staff and employees were not sufficiently conscious of the importance of the inspections.

As a preventive step, the company has installed a special security gate through which staff eligible to carry out final scrutiny enter the plants.

The automaker manufacture 1.015 million vehicles in Japan in its last revenue year to March, with about 400,00 units sold locally.

The wrongdoings made a large reduction in its car sales last month, which fall more than 55 percent year-on-year.

As at Last week Nissan lower Its annual work profit predicted to USD 5.73 billion for the year to March from 685 billion yen.

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