The Washington Post

Nissan Board to Forgo Bonus Pay

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Nissan chief executive Carlos Ghosn told shareholde­rs that the firm’s board members will forgo their bonus pay to take responsibi­lity for poor performanc­e, acknowledg­ing that the Japanese automaker had not met its targets for fiscal 2006.

Nissan is investing heavily to play catch-up in key technologi­es, including gas-electric hybrids, as well as other kinds of en- vironmenta­l innovation­s, he said. Ghosn also said that Nissan was working on a $3,000 car for the Indian market but that its sale date had not been decided.

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