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 ...
Honda and Mitsubishi to delay restart of Wuhan plants amid virus outbreak
Honda Motor Co. said Thursday that it has decided to keep its automobile plants in Wuhan, China, the epicenter of the outbreak of a new coronavirus, closed until Feb. 13. The automaker earlier planned to keep the facilities offline through Sunday in line with the ...
Germany launches raids over suspected Mitsubishi diesel emissions fraud
German prosecutors Tuesday said they were searching business premises across the country as part of an investigation into suspected diesel emissions cheating involving Mitsubishi cars.
Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. have agreed to set up a new company to jointly develop advanced technologies for next-generation vehicles, according to sources familiar with the matter. The sources said Sunday the alliance wants to bolster cooperation after its leader, ...
Slumping vehicle sales hit employment in Japan's auto sector
Slumping vehicle sales are starting to take a toll on the employment situation in the automotive industry. Since Nov. 8, Mazda Motor Corp. has stopped soliciting new workers on fixed-term contracts at its head office plants in Hiroshima Prefecture, which mainly manufacture finished vehicles, and ...
This year at Tokyo Motor Show 2019, Mitsubishi Motors Corp. is rolling out its latest and greatest inventions — the MI-Tech Concept compact plug-in hybrid electric SUV and the Super Height K-Wagon Concept light motor vehicle. Debuting for the first time anywhere in the world, ...
Nissan CEO Hiroto Saikawa resigns; new chief to face challenge of reviving profit
Nissan Motor Co. CEO Hiroto Saikawa resigned from his post Monday after admitting to overpayment of remuneration and his successor, to be picked next month, will face immense pressure to revive profitability and repair ties with alliance partner Renault SA. Chief Operating Officer Yasuhiro Yamauchi, ...
Nissan-Renault-Mitsubishi alliance falls behind Volkswagen and Toyota in first-half vehicle sales
The alliance of Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. lost its lead in global auto sales in the first half of 2019, coming behind Volkswagen AG and Toyota Motor Corp. The three-way alliance had the most sales worldwide in the first half ...
Mitsubishi Motors to invest in Indonesian ride-hailing giant Gojek
Mitsubishi Motors Corp. and trading house Mitsubishi Corp. are investing in Indonesian ride-hailing giant Gojek. The total investment amount has not been disclosed but is believed to be in the neighborhood of several billion yen. The three companies will discuss joint services such as food delivery ...
Five Japanese automakers to join Toyota-SoftBank self-driving venture
Five Japanese automakers will join a self-driving technology joint venture formed last year by Toyota Motor Corp. and SoftBank Corp., sources close to the matter said Wednesday. Mazda Motor Corp., Suzuki Motor Corp., Subaru Corp., Isuzu Motor Ltd., and Toyota's minivehicle-making unit Daihatsu Motor Corp. ...
Advisory firm urges shareholders to vote against Nissan CEO Saikawa for 'clean break' from Ghosn
A proxy advisory firm urges Nissan shareholders to vote against the reappointment of CEO Hiroto Saikawa as a director, heaping more pressure on him as he struggles to find an accord with Renault.
How the Fiat-Renault merger plan fell apart
Shortly after 9 p.m., as the sun began to set on the rotund glass facade housing Renault SA's headquarters on the outskirts of Paris, the board called a break. The group had gathered for the second time in as many days to sign off ...
