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Stock impact report

Nissan plants raided over improper checks [Reuters]

NISSAN MOTOR LTD S/ADR (NSANY) 
US:NASDAQ Investor Relations: nissan-global.com/en/ir
Company Research Source: Reuters
Nissan plants raided over improper checks | Reuters.com 2:06am EDT - 01:07 Nissan plants are raided by Japan's transport ministry as part of a probe into unauthorised vehicle inspections, as the company recalls over a million vehicles. Grace Lee reports. ? Hide Transcript ? View Transcript As Nissan gets to grips with a major Japanese recall, Tokyo is piling on the pressure. Transport officials on Wednesday (October 4) raiding two separate Nissan manufacturing plants, part of a probe into unauthorized vehicle inspections that's already forced the company to call back more than a million cars. The mass recall came about this week after Nissan discovered that final inspections were being done by unauthorized technicians at several factories. That means re-inspections are now needed at a cost of more than $200 million, a shock that's seen share in Japan's second-biggest car maker plummet to a five month low. Sources tell Reuters the raids showed that the names of certified technicians a Show less Read more
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