'It could be catastrophic': Woman says natural supplement contained hidden painkiller drug
A Manitoba woman thought she found a miracle natural supplement, but said a hidden ingredient wreaked havoc on her health.
Nissan Chief Executive Makoto Uchida pleaded for patience from disgruntled shareholders Tuesday and promised a turnaround at the Japanese automaker, which is projecting a third year of losses as it struggles to distance itself from a scandal over its former chairman, Carlos Ghosn.
"What we have worked on during years of hardship will bear fruit," Uchida said at the annual regular shareholders' meeting.
Attendance was limited at the meeting, which was also relayed online due to pandemic precautions.
One shareholder got up and demanded a detailed disclosure of Ghosn's alleged wrongdoing, saying questions about governance remained unanswered.
Another shareholder also addressed the Ghosn scandal, saying the problem should have been solved internally instead being handed over to prosecutors.
Nissan Motor Co., based in the port city of Yokohama, has been struggling in recent years. Its brand image was battered by the 2018 arrest of Ghosn over various financial misconduct allegations.
Ghosn jumped bail and fled to Lebanon in late 2019. But his arrest shocked Japan and raised serious questions about leadership at the maker of the Leaf electric car, Z sportscar and Infiniti luxury brand.
"We are sorry to have caused such worries. We are doing our best to recover your trust. I have not forgotten this for a moment," said Uchida.
All shareholders remained anonymous and were identified with numbers.
Separately, another shareholder got up to express his outrage that there have been no dividends for two years, while some executives still are paid huge salaries.
Uchida assured investors the automaker was doing its best to avert a third straight year of losses.
Slammed by weak sales during the pandemic, Nissan is projecting a 60 billion yen ($540 million) loss for the fiscal year ending in March 2022. That's smaller than the losses racked up in the previous two years.
Uchida said profitability was improving, and asked shareholders to give Nissan a bit more time to prove itself. Nissan boasts fine technology in automated driving and electric vehicles, he said.
"Please be assured we will continue with improvements," said Uchida.
At the end of the two-hour meeting, shareholders approved the reappointment of the 12 directors. They include Uchida; Jean-Dominique Senard, an executive from French alliance partner Renault, and seven outside directors.
The approval was shown by applause. Votes were also submitted by proxy and online in advance.
Another proposal, which demanded the disclosure of the alliance agreement between Renault and Nissan, known as RAMA, for "Restated Alliance Master Agreement," was rejected. Nissan management had opposed that, saying confidentiality was necessary.
The relationship between Renault and Nissan has been a recurring sticking point. Ghosn was sent in by Renault to salvage Nissan from the brink of bankruptcy in 1999.
Nissan officials have testified they turned to Japan's criminal authorities to get Ghosn arrested because they feared the alliance was excessively dominated by Renault.
One shareholder at Tuesday's meeting urged Nissan to apologize to Greg Kelly, a former top executive at the company who is being tried in Tokyo, charged with under-reporting Ghosn's compensation. Kelly, an American, says he is innocent.
Uchida declined comment on Kelly's case.
A Manitoba woman thought she found a miracle natural supplement, but said a hidden ingredient wreaked havoc on her health.
Police have released video footage of a dramatic takedown of a group of teens wanted in connection with an attempted carjacking in Markham earlier this month.
Hospital chaplain J.S. Park opens up about death, grief and hearing thousands of last words, and shares his advice for the living.
Group of Seven foreign ministers warned of new sanctions against Iran on Friday for its drone and missile attack on Israel, and urged both sides to avoid an escalation of the conflict.
The World Health Organization is likely to issue a wider warning about contaminated Johnson and Johnson-made children's cough syrup found in Nigeria last week, it said in an email.
Tesla is recalling 3,878 of its 2024 Cybertrucks after it discovered that the accelerator pedal can become stuck, potentially causing the vehicle to accelerate unintentionally and increase the risk of a crash.
A woman who recently moved to Canada from India was searching for a job when she got caught in an online job scam and lost $15,000.
Every good wedding has to have one teensy, tiny crisis.
More money will land in the pockets of some Canadian families on Friday for the latest Canada Child Benefit installment.
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
Molly Knight, a grade four student in Nova Scotia, noticed her school library did not have many books on female athletes, so she started her own book drive in hopes of changing that.
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.
When Les Robertson was walking home from the gym in North Vancouver's Lower Lonsdale neighbourhood three weeks ago, he did a double take. Standing near a burrow it had dug in a vacant lot near East 1st Street and St. Georges Avenue was a yellow-bellied marmot.
A moulting seal who was relocated after drawing daily crowds of onlookers in Greater Victoria has made a surprise return, after what officials described as an 'astonishing' six-day journey.
Just steps from Parliament Hill is a barber shop that for the last 100 years has catered to everyone from prime ministers to tourists.
A high score on a Foo Fighters pinball machine has Edmonton player Dave Formenti on a high.
A compound used to treat sour gas that's been linked to fertility issues in cattle has been found throughout groundwater in the Prairies, according to a new study.