Each of the Detroit-based automakers suffered double-digit sales declines. FCA was down 35 per cent. GM was down 18 per cent while Ford fell 11 per cent. Nissan and Toyota had record months.
Nissan is acting to create a more equitable partnership with alliance partner Renault after the Japanese automaker ousted Carlos Ghosn as chairman, Bloomberg reported.
Nissan's board voted to remove Carlos Ghosn as chairman and representative director, coming another step closer to ejecting the storied auto executive from the Japanese carmaker he once rescued from near bankruptcy.
Nissan's investigation into alleged misconduct by Chairman Carlos Ghosn is expanding to include Renault-Nissan finances, sources told Reuters - in a further sign that Nissan may seek to loosen its French parent's hold on their global carmaking alliance.
France is seeking an interim leader for Renault, distancing itself from CEO Carlos Ghosn after he was arrested in Japan on allegations of financial misconduct. "He is de facto not in a position to run the group," Finance Minister Bruno Le Maire said. He was expected to meet with Renault's board later Tuesday.
Nissan is preparing to fire its chairman for allegedly under-reporting his income and using corporate assets for personal use, a company spokesman said. CEO Hiroto Saikawa said the board will meet Thursday to discuss Ghosn's dismissal. Mitsubishi's board will be considering the same action.
A unit of the Renault-Nissan-Mitsubishi alliance led the latest investment round into a Canadian mobility app company called Transit.
Designing assembly lines to build more than one type of vehicle dates back decades. But the ability to shift production from one type of vehicle to another is now proving vital for automakers.
Nissan's sixth-generation Altima leverages the largest investment in powertrain in the company's history.
Altima's Canadian sales are down 13.4 per cent through August and the Sentra, Micra and Versa are all out-selling the car. Nissan has upped the price and technology of the Altima and made AWD standard.