Japanese recall

Nissan faces $220m hit from Japanese recall

Nissan shares fell by 5% on Monday after the firm said the recall could cost about 25bn yen (£167m; $220m).

The vehicles were produced in the past three years for the domestic market and will now undergo re-inspection.

The firm has begun an investigation into why its safety inspections did not meet government standards.

Nissan chief executive, Hiroto Saikawa, apologised to customers and said the company regretted any inconvenience caused.