Nissan Cuts Dividend as Profit Tanks

Nissan's CEO, Hiroto Saikawa, is seeking more time to recover from the Carlos Ghosn crisis, planning to introduce over 20 new models and revamp the US retail chain. Despite these efforts, Nissan's financial outlook is bleak, with profits projected to be half of previous estimates. The Renault-Nissan alliance faces tension as Renault pushes for a merger, which Saikawa has resisted. Shareholders are unhappy with the dividend cut, and Saikawa faces pressure to step down, though he plans to remain in his position for now.

What is CEO Roto Saikawa asking from investors and shareholders?

How long does Saikawa estimate it will take for Nissan to recover to pre-Ghosn levels?

What are some of the challenges Nissan is facing in the U.S. market?

What impact did Nissan's results have on Renault?

What did Saikawa say regarding his position and the pressure from shareholders?