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Japan's second largest automaker Nissan Motor Co on Thursday said its long-serving leader Carlos Ghosn will hand over the role of CEO to Hiroto Saikawa, a company veteran. After leading the company for nearly two decades, Ghosn, the Chairman and CEO of Nissan at present, will focus on the functioning of "recent expansion of the Renault-Nissan Alliance to include Mitsubishi Motors".

Nissan has confirmed its next-generation X-Trail car, initially planned for production at its Sunderland plant, will now be made in Japan instead. It's being described as another 'huge blow' to the UK's car industry, which has been warning for years about the impact of Brexit uncertainty. The car giant wrote a letter to workers confirming…