Paris: French regulatory authorities have formally requested Nissan Automotive Europe to submit its 2024 accounting and supplier payment records, according to an official letter obtained exclusively by Reuters. The move comes as part of a wider inquiry into the company’s payment practices to suppliers across Europe.
Nissan confirmed receipt of the request from the competent French authority and assured that it is fully cooperating, preparing to provide all necessary documentation and clarifications. The company stressed that the request does not imply any wrongdoing on its part, emphasizing its commitment to transparency and regulatory compliance.
In addition to the submission of records, the authorities plan to conduct an on-site inspection of Nissan’s European headquarters on October 7. This inspection will form part of the ongoing review of supplier payment procedures and financial management within the company.
The request and upcoming inspection arrive amid growing scrutiny of corporate practices in the automotive sector. Earlier reports suggested that Nissan had considered delaying some supplier payments to optimize cash flow, although the company maintained that these measures were internally reviewed and not directed by top management.
Nissan’s proactive cooperation with French authorities is seen as a key step in mitigating reputational risks and demonstrating adherence to legal and ethical standards. Observers note that the outcomes of this inquiry may influence public perception of corporate governance practices within Europe’s automotive industry.
As of now, no evidence of misconduct has been indicated by the French authorities. Nissan continues to work closely with regulators to ensure that all concerns are addressed in a transparent and timely manner.