Mexican Media Brands
SEC Launches Nissan Probe After Ghosn Indictments in Japan
The U.S. Securities and Exchange Commission has asked Nissan Motor Co. for details about charges in Japan that the company falsified reports about compensation paid to ex-Chairman Carlos Ghosn.
#regulations
Share
The U.S. Securities and Exchange Commission has asked Nissan Motor Co. for details about charges in Japan that the company falsified reports about compensation paid to ex-Chairman Carlos Ghosn.
Nissan says it is cooperating but won’t discuss the investigation. Bloomberg News says the SEC probe is focusing on whether the Nissan’s U.S. reporting violated U.S. securities law. Nissan shares are traded in the U.S. through American depositary receipts.
The indictments and new charges leveled against Nissan and Ghosn, which were announced last month, claim that Ghosn’s deferred compensation was underreported by as much as 9 billion yen ($82 million) over nine years.
RELATED CONTENT
-
Self-Driving Chevy Bolt Ticketed for Driving Too Close to Pedestrian
Police in San Francisco ticketed the backup driver in a self-driving Chevrolet Bolt for allowing the car to drive too close to a pedestrian in a crosswalk in San Francisco.
-
Tesla Maxes Out on Tax Credit as U.S. Sales Reach 200,000
Tesla Inc. says it will deliver its 200,000th electric vehicle in the U.S. this month, thereby triggering a phase-out of the $7,500 federal tax credit its vehicles have enjoyed.
-
Study: How States Should Update Traffic Laws for Autonomous Cars
U.S. states should require that all automated cars have a licensed driver on board, suggests a study by the Governors Highway Safety Assn.