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Nissan Execs Expected to Return Some Pay Over Safety Inspection Scandal
Several top Nissan Motor Co. executives, beginning with CEO Hiroto Sikawa, are expected to return some of their compensation as penance for allowing bogus safety inspections that forced the recall of 1.6 million vehicles in Japan.
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Several top Nissan Motor Co. executives, beginning with CEO Hiroto Sikawa, are expected to return some of their compensation as penance for allowing bogus safety inspections that forced the recall of 1.6 million vehicles in Japan.
Japan’s transport ministry blames lax management oversight for allowing unqualified employees to conduct the government-mandated inspections that went on for years. The Nikkei says Nissan is expected to tell the agency today about an executive pay giveback plan.
The transport ministry discovered the falsified safety reports in September. In October Nissan temporarily suspended production at all its Japanese plants after conceding it had been using noncertified inspectors for 20 years.
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