Topic: How To Invest

Stock Pickers Digest Hotline – Friday, December 7, 2018

Article Excerpt

NISSAN MOTOR CO., $17.05, symbol NSANY on Nasdaq, is Japan’s second-largest automaker, after Toyota and ahead of Honda. Last week, Nissan cancelled the unveiling of a longer-range Leaf electric car at the Los Angeles Auto Show. The company had hired Hollywood actress Margot Robbie to help introduce the upgrade model, which can go further between rechargings. It had also rented out space at the Japanese American National Museum for a gala media event. However, news of the arrest of Nissan’s now-former chairman and CEO Carlos Ghosn threatened to overshadow the event. The company has now decided to postpone the official debut of the new Leaf. Prosecutors now allege that Nissan issued inaccurate financial reports in the five years ending March 2015. That’s because they accuse Ghosn and board member Greg Kelly of underreporting their income over those years. If the prosecutors’ suspicions turn out to be correct, it needs to be determined why Nissan’s accountants failed to spot the discrepancy. We’ll keep an eye on the…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.