Key facts
- Nissan has reportedly halted development of an electric Qashqai SUV.
- The electric Qashqai was Nissan's top-selling European model.
- Nissan is implementing broader cost-cutting measures.
- Nissan is seeking government support for its UK plant.
- Nissan shareholders voted against appointing a key outside director.
- The rejected director chairs Nissan's audit committee.
- Major shareholder Renault abstained from the director vote.
- Ferrari denied reports that purchasing the Luce EV is required for limited-edition models.
- Ferrari's Chief Marketing and Commercial Officer Enrico Galliera denied the reports.
- Galliera stated such a policy would be a "huge mistake".
Nissan has reportedly shelved plans for a fully electric version of its Qashqai SUV, its best-selling model in Europe. This decision is reportedly part of a wider cost-cutting strategy by the automaker, which is also seeking government support for its UK manufacturing plant. The move comes as Nissan navigates increased competition and fluctuating demand within the electric vehicle market.
In parallel, Nissan Motor shareholders voted against the appointment of a significant outside director who chairs the company's audit committee. Renault, a major shareholder in Nissan, abstained from this vote. This shareholder action signals investor apprehension regarding director independence amidst ongoing scrutiny of the company's governance practices.