Trial of Nissan ex-director Greg Kelly faces postponement to May
The first hearing in the financial misconduct trial of Nissan Motor Co. and former director Greg Kelly might be postponed to May or later, a source close to the matter said Friday. The Tokyo District Court, which planned to start the trial on April 21, ...
Nissan slapped with ¥2.4 billion fine over Ghosn compensation scandal
The fine is the second-highest imposed by the Financial Services Agency after the ¥7.37 billion fine on Toshiba Corp. in 2015.
Japan to send vice justice minister to Lebanon, seeking handover of Carlos Ghosn
Justice Minister Masako Mori said Friday that Japan's vice justice minister will travel to Lebanon, where he is expected to seek the handover of Carlos Ghosn, the former Nissan Motor Co. chairman who fled the nation late last year while on bail. Hiroyuki Yoshiie is ...
Nissan warns about future of European plants as Brexit weighs
Nissan Motor Co. gave the starkest warning yet on the future of the Japanese group's car factories in Western Europe, with a plant in the U.K. threatened by Brexit and another in Spain suffering from a slump in demand. The Sunderland site in England, which ...
Nissan CEO tells angry shareholders he is ready to be sacked if no turnaround
Nissan Motor Co.'s new chief executive said Tuesday he will accept being fired if he fails to turn around Japan's second-biggest automaker, which is grappling with plunging sales in the aftermath of the scandal surrounding former Chairman Carlos Ghosn. Addressing shareholders for the first time ...
On heels of quarterly loss, Nissan again slashes full-year outlook amid economic uncertainties
After posting only its first third quarterly loss in 11 years, Nissan Motor Co. on Thursday again cut its annual profit forecast due to weak demand and economic uncertainties. To make matters worse, the ongoing COVID-19 epidemic will likely weigh on the automaker, which is ...
Nissan Motor Co. is stepping up its pursuit of claims against former Chairman Carlos Ghosn, suing for ¥10 billion ($91 million) in damages from the former leader of the Japanese automaker and its alliance with Renault SA. The lawsuit filed in Yokohama District Court seeks ...
Eyeing TV and film deals, Carlos Ghosn hires legendary agent Michael Ovitz
Few people in Hollywood are more familiar with entertainment negotiations than Ovitz, who has been one of the industry’s most prominent deal-makers since the 1980s.
Carlos Ghosn used Nissan-Mitsubishi venture to inflate pay, companies' lawyers allege
Carlos Ghosn, the fugitive former auto executive, used a joint venture between Nissan and Mitsubishi to inflate his pay, effectively clawing back a cut to his declared wages, and to cover a personal tax debt, lawyers for the companies said on Monday. Ghosn, the former ...
Japanese justice: Innocent until proven guilty or innocent until detained?
It's been a month since ex-Nissan chief Carlos Ghosn's dramatic escape pushed the Japanese justice system back into the global spotlight. Critics have long called Japan's extended detentions and other legal practices "hostage justice" and an affront to international standards. The Justice Ministry has since ...
Tokyo prosecutors get warrants for Ghosn and trio suspected of helping him flee
Tokyo prosecutors on Thursday obtained a fresh arrest warrant for former Nissan Motor Co. Chairman Carlos Ghosn for leaving Japan while on bail. The prosecutors also secured warrants for three others allegedly involved in helping Ghosn leave Japan in violation of the immigration control law ...
Tokyo prosecutors Wednesday searched the office of a lawyer who used to represent Carlos Ghosn, in connection with the former Nissan Motor Co. chairman's recent escape from Japan to Lebanon. Junichiro Hironaka had earlier refused to hand over to prosecutors a computer Ghosn used at ...
