TOKYO: Nissan Friday announced plans to recall approximately 150,000 vehicles owing to improper tests on new units, dealing a fresh blow to the Japanese car giant following the shock arrest of former chairman Carlos Ghosn.
“Nissan has recently found several non-conformities that may have caused inaccurate pass/fail judgments during the inspection process,” the company said in a statement, adding it would “promptly” recall as many as 150,000 units in Japan.
It confirmed that improper tests were carried out on brakes, speedometers and other systems before shipment at its domestic assembly plant.
Nissan plans to notify authorities of the recall on Thursday, it added.
The manufacturer was forced to recall more than one million vehicles last year after admitting staff without proper authorization had conducted final inspections on some units intended for the domestic market before they were shipped to dealers.
In a separate case that erupted in July, Nissan admitted data on exhaust emissions and fuel economy had been deliberately “altered,” hampering its efforts to recover trust after the inspection scandal.
The latest recall represents another blow to the company, which has been rocked since Ghosn was arrested on November 19 on allegations he under-reported his salary by millions of dollars over five years.
Ghosn denies any wrongdoing.
The ousted chairman is expected next week to face a further accusation of under-reporting his salary by about four billion yen ($35.5 million) over the past three years, Japanese media reported.
Nissan to recall 150,000 cars due to improper checks
Nissan to recall 150,000 cars due to improper checks
- “Nissan has recently found several non-conformities that may have caused inaccurate pass/fail judgments during the inspection process”
- Nissan confirmed that improper tests were carried out on brakes, speedometers and other systems before shipment at its domestic assembly plant
Closing Bell: Saudi main index slips to close at 11,228
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64.
The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.
On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.
The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.
The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.
Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.
Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56.
Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55.
Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34.
On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier.
The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.
Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent.
United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent.
Tas’heel ended the session at SR146.80, down 0.28 percent.
