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Nissan gets Ashwani Gupta as chief operating officer

JAPANESE automaker Nissan on Tuesday (8) named India-born Ashwani Gupta, currently at Nissan partner Mitsubishi Motors, as Nissan’s chief operating officer.

The company also named Makoto Uchida as its new chief executive, elevating the insider heading its China unit as it overhauls its leadership after the Carlos Ghosn scandal.


The appointments, which take effect by January 1, come after months of turmoil for the automaker in the wake of the arrest of former chief Ghosn on allegations of financial misconduct.

Former CEO Hiroto Saikawa resigned last month after an inquiry revealed he was among Nissan executives who received excess pay by altering the terms of a share price bonus.

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Ikea is preparing to launch a marketplace for buying and selling pre-owned Ikea products

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Ikea is turning its customers into sellers: What is behind its second-hand marketplace?

  • Ikea plans to bring its second-hand marketplace to the UK.
  • Ikea Family members will be able to buy and sell pre-owned furniture directly to each other.
  • The move puts Ikea into a market already dominated by platforms such as Vinted and eBay.

Ikea is preparing to let its customers sell their old furniture to other Ikea shoppers, as the Swedish retailer moves deeper into Britain's growing second-hand market.

The company plans to launch its Ikea second-hand marketplace in the UK, although it has not yet given a specific launch date. It said more details would be announced in the coming months.

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