RIP Combustion Engines: Japan Shows Off Cars of the Future [Bloomberg Business News]
NISSAN MOTOR LTD S/ADR (NSANY)
US:NASDAQ Investor Relations:
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Source: Bloomberg Business News
Japan’s flagship automakers will present their futuristic visions for the post-fossil fuel era at the Tokyo Motor Show that kicks off on Wednesday. If only the industry, reeling from a run of scandals , could forget about the here and now. Japan’s once-impregnable reputation for quality vehicles has taken a battering. Nissan Motor Co. has just announced plans to suspend local car production and is under regulatory scrutiny after admitting it has used unauthorized safety inspectors. Auto industry supplier Kobe Steel Inc. has fessed up to forging data on aluminum and other materials going back decades. Takata Corp., whose exploding air bags were the subject of the industry’s biggest ever recall, filed for bankruptcy in June. Even the auto show has had its dramas. Nissan President Hiroto Saikawa ceded chairmanship of the Japan Automobile Manufacturers Association two weeks ago to deal with the deepening crisis at his company, forcing Toyota Motor Corp. president Akio To
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