Nissan Ceo Hiroto Saikawa Resigns, Successor To Be Named

Nissan CEO Hiroto Saikawa resigns, successor to be named

YOKOHAMA, Japan — Nissan Chief Executive Hiroto Saikawa tendered his resignation Monday after acknowledging that he had received dubious income and vowed to pass the leadership of the Japanese automaker to a new generation. Board member Yasushi Kimura told reporters at an evening news conference at company headquarters in Yokohama that the board has approved Saikawa's resignation, effective Sept. 16, and a successor will be appointed next month. A search is underway, he added. Calls for Saikawa's resignation, which arose after the arrest last year of his predecessor, Carlos Ghosn, on various financial misconduct allegations, have grown louder after Saikawa acknowledged last week that he had received dubious payments. The income was linked to the stock price of Nissan Motor Co., and he has said his pay got inflated by illicitly adjusting the date for cashing in. The automaker's board met to look into the allegations against Saikawa, as well as other issues related to Ghosn's allegations and corporate ethics at the company. Kimura said the income Saikawa had received was confirmed as "not illegal." Ghosn, who is out on bail and awaiting trial, says he's innocent. Kimura and three other board members, who all have backgrounds outside the company, said their investigation of the scandal over Ghosn's arrest found that alleged misconduct by Ghosn and Greg Kelly, a former board member who was also arrested, had caused 35 billion yen ($350 million) in damage to the company. Nissan will seek a repayment of the damages, Kimura said. The board said about 10 candidates are being considered as a replacement for Saikawa. They did not identify them, but said outsiders and non-Japanese are on the list. Until a successor is decided, Chief Operating Officer Yasuhiro Yamauchi will serve as interim chief, the board said. Saikawa has not been charged. "I have been trying to do what needs to be done so that I can pass the baton over as soon as possible," he told reporters earlier in the day, referring to his willingness to leave his job. Saikawa did not appear at the news conference initially, but the four board members who led the event said he would later. Saikawa has said he didn't know about the improprieties, promised to return the money and blamed the system he said Ghosn had created at Nissan for the dubious payments. Japanese media reports said Saikawa had received tens of millions of yen (hundreds of thousands of dollars) in extra compensation. Ghosn has been charged with falsifying documents on deferred compensation, which means he did not receive any of the money. Nissan's profits and sales have tumbled over the past year. Investors are also worried about Nissan's relationship with alliance partner Renault SA of France, which owns 43% of Nissan. Ghosn was sent in by Renault to lead Nissan two decades ago.

Defense Ministry To Seek Budget For F-2 Successor

Defense Ministry to seek budget for F-2 successor

Japan's Defense Ministry has decided to submit an estimate of its budget request for the next fiscal year to cover the development of new stealth fighter jets without providing a specific amount.

The Defense Ministry says it will draw up a detailed budget for the fiscal year that starts in April 2020 for the development of jets to succeed the Air Self-Defense Force's current fleet of 91 F-2 aircraft.

Fujifilm's X100f Successor Will Only Arrive In 2020

Fujifilm's X100F Successor Will Only Arrive In 2020

Back in 2017, Fujifilm announced their latest compact camera in the form of the X100F. Fujifilm has made improvements in leaps and bounds over the years with its X100 series of cameras, and as such, many are no doubt eagerly anticipating what the next X100 camera could be bringing to the table.

Unfortunately, you might have to wait until next year for its successor. This is according to a report from Fuji Rumors who claims that they have heard from their sources that the next X100 camera will only arrive in 2020. This represents a slight delay because based on previous X100 launches, the gap in between them is typically two years.

Toyota 86 And Subaru Brz Successor Canceled?

Toyota 86 and Subaru BRZ successor canceled?

Rumors indicate that the Toyota 86 is done for. Japanese Nostalgic Car is quoting Japanese sources as saying Toyota and Subaru have parted ways regarding the 86 and that the current car's replacement is off the table. According to JNC, the Japanese magazine Best Car is readying a report that the 86/BRZ successor has been canceled. JNC also considers the fact that in Japan, there will be a four-cylinder, 197-horsepower version of the new Supra, ready to continue where the 86 will leave the market.

Back in 2016 the automaker seemingly confirmed that a replacement for the rear-drive car was under development, but plans can change and with a cheaper Supra version for sale in markets outside the U.S., we have to wonder if the 86 replacement has been shelved. The 86, while balanced, has only received mild enhancements and not a lot of extra power during its near-decade long time on the market, and it isn't such a strong seller that it would necessarily merit the effort of Toyota developing a successor on its own, particularly without the help of a partner like Subaru or BMW.

Nintendo Has No Plans For A Switch Successor Or Price Cuts For Now

Nintendo Has No Plans For A Switch Successor or Price Cuts For Now

From what we’ve seen from other console makers, usually a variant of the flagship console is released a few years after the main release. This usually represents an update to the design of the console, more storage options, or slightly upgraded specs. So far we’ve seen Sony and Microsoft do this with the PS4 Slim and PS4 Pro, and the Xbox One S and the Xbox One X.

This is why there have been rumors that suggested that Nintendo could be planning a refresh to the Nintendo Switch, possibly even this year. For those hoping that the rumors were true, you might be disappointed to learn that will not be the case. This is according to an interview Nintendo President Shuntaro Furukawa did with The Sankei News (via Nintendo Everything).

Nissan To Put Off Naming Ghosn Successor

Nissan to put off naming Ghosn successor

Nissan Motor plans to put off naming a successor to former chairman Carlos Ghosn at its board meeting next Monday.

The decision comes at a time of differences between Nissan and its major shareholder Renault over executive appointments.

Dalai Lama: Leaders To Discuss Successor

Dalai Lama: Leaders to discuss successor

The Tibetan spiritual leader, the Dalai Lama, says high priests will soon start discussing how to choose his successor. The Tibetan government-in-exile in India is concerned Beijing could try to pick the next Dalai Lama to tighten control over Tibetans.

The 14th Dalai Lama gave an interview to NHK near Tokyo on Tuesday.

Successor For The Voice Of Crayon Shin-chan Decided

Successor for the voice of Crayon Shin-chan decided

Kobayashi Yumiko has been determined to be the new voice of Nohara Shinnosuke in anime 'Crayon Shin-chan.' 

After 26 years, Yajima Akiko announced that she would be leaving her role as Nohara Shinnosuke after its June 29th episode. The anime's website revealed that they looked for "someone who could play the role cheerfully, straightforwardly, and honestly.

Lexus Might Introduce An All-electric Successor To The Ct Hatchback

Lexus might introduce an all-electric successor to the CT hatchback

Despite sales of the Lexus CT hybrid hatchback ending last year in the U.S., Lexus isn't planning to abandon the hatchback segment in favor of the new compact crossover, the UX. The CT remains on sale in some countries, and Lexus's European boss is adamant the brand has to keep offering hatchbacks.

Talking to the British AutoExpress, Lexus's Pascal Ruch says the CT has an important purpose, which is introducing new customers to the Lexus brand. Ruch told AutoExpress that the CT has a high "conquest ratio" of 70-75 percent, and that a CT customer is different from the envisioned UX customer. "I believe that all the segments we are now in, it's important to stay there," added Ruch.