Nissan to recall 1.2 million cars in Japan over safety faults
Japanese automaker Nissan will recall 1.2 million new cars it sold in Japan over the last three years, following the discovery that final vehicle inspections were not performed by authorised technicians, failing to meet domestic requirements. The recall is expected to cost roughly $220m. Shares in Nissan fell by 5% following the announcement. "We must take the registration framework and procedures seriously, regardless of how busy we may be or how short-staffed we may be", said Nissan CEO Hiroto Saikawa.
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Nissan has announced that it is recalling just over 1.2 million vehicles in Japan that do not meet domestic requirements for final inspection.

Earlier in the day, shares in the Japanese car giant fell dramatically, after it announced at the end of last week that it had released thousands of vehicles onto the Japanese market that had not been subjected to comprehensive safety checks.

It later said that approximately 1.21 million units produced between October 2014 and September 2017 would be subject to re-inspection.

“Nissan regrets any inconvenience and concern this has caused to its valued customers in Japan," the carmaker said, adding that it was "taking proactive action to resolve this matter".