Nissan faces $220m hit from Japanese recall

Nissan will do not forget 1.2 million cars in japan after regulators said protection checks did now not meet home necessities.
Nissan stocks fell by way of 5% on monday after the firm said the bear in mind ought to price about 25bn yen (£167m; $220m).
The vehicles have been produced within the beyond 3 years for the domestic marketplace and will now go through re-inspection.
The company has all started an investigation into why its safety inspections did now not meet authorities standards.
Nissan chief govt, hiroto saikawa, apologised to customers and stated the company regretted any inconvenience induced.
"we have to take the registration framework and approaches critically, regardless of how busy we can be or how quick-staffed we can be," mr saikawa said.
The models affected by the do not forget encompass pinnacle sellers, the serena minivan and the observe compact hatchback.
Nissan is japan's 2d biggest carmaker and is the second such company to be hit through a chief misconduct incident within the country, after mitsubishi automobiles admitted in april 2016 that it had falsified fuel efficiency tests on some fashions.