JAPAN: Nissan CEO talks $3000 India car

No bonus for Nissan bosses

Nissan chief executive Carlos Ghosn told shareholders Wednesday that the Japanese automaker??™s board members will forgo their bonus pay to take responsibility for poor performance. Ghosn acknowledged at a hall packed with more than 2,100 shareholders, a record attendance for Nissan, in Yokohama, south of Tokyo, that the company had not met its targets for fiscal 2006. In the fiscal year ended in March, Nissan Motor Co. marked its first profit drop in seven years ??“ the first time earnings have slid under Ghosn??™s turnaround efforts.

Source: [url=http://www.just-auto.com/article.aspx?id=91694]just-auto.com[/url]