Couple randomly attacked, 1 stabbed, by group of teens in Toronto, police say
A man has been transported to hospital after police say he was stabbed in a random attack carried out by a group of teens in Toronto on Friday night.
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 man has been transported to hospital after police say he was stabbed in a random attack carried out by a group of teens in Toronto on Friday night.
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
With carriers' flight volumes above the 60th parallel hovering below pre-pandemic levels, Canadian North’s first Inuk CEO now bears the task of balancing those financial and logistical challenges with the needs of communities for which she feels a deep affinity.
One of greatest climbing guides on Mount Everest has scaled the world's highest peak for the 29th time, extending his own record for most times to the summit, expedition organizers said Sunday.
Amid significant criticism from advocates, Diversity, Inclusion and Persons with Disabilities Minister Kamal Khera is defending her government's long-promised, newly unveiled Canada Disability Benefit, calling the funds an "initial step," but without laying out a timeline for future expansion of the program.
RCMP commissioner Mike Duheme says he wants the government to look at drafting a new law that would make it easier for police to pursue charges against people who threaten elected officials.
Homicide investigators in B.C. say murder charges have been laid against a fourth Indian national in connection to the killing of Sikh activist Hardeep Singh Nijjar outside a Surrey gurdwara last year.
Past left-leaning presidents who enacted some of the most socially liberal policies on the continent have given way to a self-proclaimed "anarcho-capitalist" whose fiery appraisals of social justice and efforts to dismantle diversity and equity programs have made him into a global far-right icon.
For decades, North Bay, Ontario's water supply has harboured chemicals associated with liver and developmental issues, cancer and complications with pregnancy. It's far from the only city with that problem.
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
A Listowel, Ont. man, drafted by the Hamilton Tigercats last week, is also getting looks from the NFL, despite only playing 27 games of football in his life.
The threat of zebra mussels has prompted the federal government to temporarily ban watercraft from a Manitoba lake popular with tourists.
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.
The Canada Science and Technology Museum is inviting visitors to explore their poop. A new exhibition opens at the Ottawa museum on Friday called, 'Oh Crap! Rethinking human waste.'
The Regina Police Service says it is the first in Saskatchewan and possibly Canada to implement new technology in its detention facility that will offer real-time monitoring of detainees’ vital health metrics.
Just as she had feared, a restaurant owner from eastern Quebec who visited Montreal had her SUV stolen, but says it was all thanks to the kindness of strangers on the internet — not the police — that she got it back.
The stakes have been set for a bet between Vancouver and Edmonton's mayors on who will win Round 2 of the Stanley Cup playoffs.
A grieving mother is hosting a helmet drive in the hopes of protecting children on Manitoba First Nations from a similar tragedy that killed her daughter.