Hyperdrive
The Ghosn Effect? Nissan, Renault Unveil First Results Post-Crisis
- Global auto industry faces headwinds from China, U.S., Brexit
- Alliance partners forecast to post lower operating profit
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What kind of financial blow has the widening scandal surrounding Carlos Ghosn delivered to Nissan Motor Co. and Renault SA? Investors are about to get a glimpse when closely watched earnings releases come out this week.
The alliance partners have spent the last two months coping with a major reputational hit from Ghosn’s arrest, indictments by Tokyo prosecutors over alleged financial improprieties and an unflattering spotlight on both companies’ corporate governance controls.