Nissan Motor Co. CEO Hiroto Saikawa will step down over a scandal involving inflated stock-linked bonuses, deepening the turmoil that’s enveloped the Japanese automaker since the arrest of former Chairman Carlos Ghosn.

Nissan Motor Co. confirmed reports of a 90% drop in quarterly operating profit and a broader restructuring a day before posting results, underscoring the Japanese automaker’s struggle to get back on stable footing.

Nissan Motor Co. shareholders voted in favor of a new board and director committees that are set to ease tensions with partner Renault SA as the companies chart a path forward for their two-decade-old alliance.

Waymo agreed to explore driverless services with Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp., pairing a leader in self-driving technology with the world’s largest automotive alliance.

Renault SA Chairman Jean-Dominique Senard promised to improve relations with partner Nissan Motor Co., telling shareholders at an annual meeting in Paris that broken trust between the companies is repairable.

Fiat Chrysler Automobiles NV, Toyota Motor Corp. and Nissan Motor Co. posted surprise gains in U.S. sales for May as carmakers offered richer deals to consumers to clear mounting inventory.

A merger between longtime alliance partners Renault SA and Nissan Motor Co. would codify a global automotive pecking order dominated by three megaplayers, putting pressure on everyone else to bulk up or risk being left behind. They just need to find a way to agree.

Carlos Ghosn walked out of a Tokyo detention center April 25 after winning release on bail for the second time, giving the deposed auto titan a chance to prepare his defense against charges of funneling millions of dollars from Nissan Motor Co. through an intermediary for his own purposes.

Carlos Ghosn will be indicted on a fresh round of charges April 22 as Japanese prosecutors pursue their case against the former chairman of Nissan Motor Co., broadcaster NHK reported April 19.

Nissan Motor Co. took another hit as the automaker’s debt rating was cut on concerns the next two years will be marked by slowing sales and a preoccupation with cleaning up after the scandal involving Carlos Ghosn.