News

Nissan showcased self-driving car experiments in Yokohama, aiming to develop transportation services using autonomous driving technologies within three years. The company plans to increase the number of self-driving cars and start transportation services in multiple municipalities as early as fiscal 2027.

Nissan CEO Makoto Uchida's resignation comes amidst a challenging period for the automaker, marked by declining sales, a failed merger attempt with Honda, and a projected loss for the current fiscal year. Ivan Espinosa, a veteran Nissan executive with extensive experience in product planning, will take the helm, tasked with navigating the company through a critical juncture and restoring investor confidence.

Nissan's board is considering replacing CEO Makoto Uchida due to the company's weak performance, with CFO Jeremie Papin and CPO Ivan Espinosa among potential successors. The leadership change comes amidst a turbulent period for Nissan, including the collapse of merger talks with Honda and speculation about an investment from Taiwan's Foxconn.

Asian markets surged on Monday, following a strong rally in US stocks and positive economic data from China. The US stock market rebounded on Friday after experiencing its first "correction" since 2023, with gains attributed to stronger-than-expected earnings, progress in the Senate to prevent a government shutdown, and a rebound in Big Tech stocks.

Opposition leaders in Japan are demanding Prime Minister Shigeru Ishiba's explanation for gifting 100,000 yen certificates to 15 rookie lawmakers, citing potential violations of the Political Fund Control Law and the involvement of high-ranking officials in the politically-charged dinner meeting. The controversy has further tarnished the LDP's image amidst existing criticism over unreported political funds.