Nissan recalls 1.2M substandard cars: ‘Very serious problem’
Nissan said Monday it was recalling some 1.2 million cars in Japan that had failed to meet domestic rules on final vehicle inspections.
The announcement came after Nissan’s shares slumped in Tokyo Monday on reports that tests were performed by staff who were not certified to check the vehicles to Japanese government standards.
Nissan fell by more than five percent in early trade before ending the day down 2.69 percent at 1,084.5 yen.
Nissan president Hiroto Saikawa said junior inspectors were performing tasks they were not certified to do, calling it a “very serious problem”.