Business / Corporate Jan 18, 2019
Carlos Ghosn received €8 million in 'improper' payments from Dutch joint venture, Nissan says
Nissan said it views the payments as a result of misconduct and will weigh measures to recover the full sum.
NEWSWORTHY
Business / Corporate Jan 18, 2019
by Kae Inoue and Masatsugu Horie
Two months after the arrest of its chairman stunned Nissan Motor Co. and the entire global automotive industry, the carmaker is weighing abolishing the role altogether as it steps up reforms to rebuild its governance. Carlos Ghosn's downfall — the auto titan is accused of ...
National / Crime & Legal Jan 18, 2019
Lawyers for Carlos Ghosn again ask Tokyo court to grant bail
Lawyers for former Nissan Motor Co. boss Carlos Ghosn on Friday requested for a second time that a Tokyo court grant bail to the 64-year-old, who has been detained for about two months for alleged financial misdeeds. The request came a day after the Tokyo ...
Business Jan 18, 2019
Nissan to cut up to 700 contract workers in Mississippi as van and pickup truck sales sag
Nissan Motor Co. announced Thursday that it's cutting up to 700 contract workers at its Mississippi assembly plant, citing slowing sales for vans and Titan pickup trucks that it makes there. The move follows Nissan's December announcement that it's cutting 1,000 jobs at two Mexican ...
Business Jan 18, 2019
French carmaker Renault on Thursday launched the search for a successor to Chairman Carlos Ghosn, only hours after a Tokyo court quashed his appeal for bail as he faces three charges of financial misconduct. Renault said in a statement its governing bodies were now "actively ...
Business / Corporate Jan 17, 2019
Lawyers for Ghosn appeal Tokyo court's denial of request for bail
Lawyers for former Nissan Motor Co. Chairman Carlos Ghosn petitioned a Tokyo court Thursday to appeal a decision issued earlier this week that denied his request for bail, but the court rejected the bid later the same day. Ghosn has been detained for nearly two ...
Business / Corporate Jan 17, 2019
Behind bars in Japan, Carlos Ghosn has already been stripped of his leadership roles at Nissan Motor Co. and Mitsubishi Motors Corp. — leaving questions for Renault, the third carmaker in the alliance, over who should steer the French company. In the wake of the ...
Business / Corporate Jan 16, 2019
Nissan plans to file damages suit against Carlos Ghosn over misuse of funds, source says
The carmaker intends to file a civil suit against its ousted chairman, Ghosn, to claim damages resulting from the alleged misuse of company funds, a source says, adding to his legal headaches.
Business / Corporate Jan 16, 2019
France seeks Renault board meeting to replace chair and CEO Carlos Ghosn, sources say
The French government is moving to dismiss Renault's scandal-hit Chairman and CEO Carlos Ghosn and has requested a board meeting to consider candidates to replace him, sources with knowledge of the matter said. The French state, Renault's biggest shareholder, had until now supported the company's ...
Business Jan 15, 2019
Nissan CEO calls for Renault board to review findings on Carlos Ghosn
Nissan expects alliance partner Renault's board to back its ousting of Carlos Ghosn once it sees evidence from the Japanese carmaker's investigation, Chief Executive Officer Hiroto Saikawa said in a newspaper interview published Monday. Nissan understands that findings it provided to Renault lawyers more than ...
Business Jan 14, 2019
Carlos Ghosn's wife slams Japan detention as 'draconian' in letter to Human Rights Watch
“My husband’s is a case study in the realities of this draconian system,” Carole Ghosn writes in a nine-page letter.