Topic: How To Invest

Stock Pickers Digest Hotline – Friday, October 20, 2017

Article Excerpt

NISSAN MOTOR CO., $19.10, symbol NSANY on Nasdaq, is Japan’s second-largest automaker, after Toyota and ahead of Honda. Nissan has suspended vehicle production at all of its plants in that country for two weeks, but only of vehicles bound for the Japanese market. The move is the result of an improper vehicle inspection process that must now be fixed. The problem came to light in late September after Japan’s Transport Ministry said Nissan employees were conducting government-mandated safety checks without the proper qualifications. The ministry said inspection documents were falsely stamped with authorized inspectors’ seals, equivalent to a signature in Japan. Nissan then recalled nearly all the vehicles it sold in Japan over the past three years—about 1.2 million units—to recheck their safety compliance. The company said it took corrective measures by September 20, 2017, two days after the ministry’s own inspectors first pointed out the problem. But this week, the automaker said it had yet to fully fix the problem, and unregistered employees…