Shelly Banjo, Columnist

Nissan's Quick Fix

By being open and taking responsibility, CEO Hiroto Saikawa shows the industry is learning from experience.

October 3, 2017 at 5:31 AM UTC

Shelly Banjo leads the global business team for Bloomberg News in New York. A former New York bureau chief and senior tech writer, she’s covered business, finance and economics for two decades.

Nissan Motor Co. Chief Executive Officer Hiroto Saikawa Interview — Photographer: Akio Kon/Bloomberg

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As far as auto industry transgressions go, this one seems pretty light.

Nissan Motor Co. said it would call back almost all the cars it produced over the last three years in Japan, or about 1.2 million vehicles, Bloomberg reported Tuesday. It could cost the company 25 billion yen ($222 million).