Nissan Plans $3,000 Car (Only In India)
As Board Members Forgo Bonus, Due To Dip In Profits
(CBS/AP) Nissan Chief Executive Carlos Ghosn told shareholders Wednesday that the Japanese automaker's board members will forego their bonus pay to take responsibility for poor performance.
He said Wednesday the Japanese automaker was working on a super-cheap $3,000 car for the Indian market, but the date for its sale was still undecided.
Ghosn said the need for such a vehicle is apparent for the Indian market and because a rival has already announced that one was coming.
Imagine that. The board members won't take bonuses and they are working on an affordable car. Huh, very strange.