Ghosn rejects report of inappropriate use of Nissan money

Carlos Ghosn pictures

Former Nissan Motor CEO Carlos Ghosn rejected any impropriety over payments he made during his reign at the automaker, after a newspaper report that Japanese tax authorities determined he used company funds for private use. “Mr. Ghosn categorically rejects that there was anything improper about the payments or donations at issue, all of which were […]

Ghosn used Nissan money for private use says Japan tax agency

Carlos Ghosn Renault-Nissan

Japan’s tax authorities have found former Nissan Motor CEO Carlos Ghosn used company funds for private use, bolstering the automaker’s case that he diverted corporate funds for personal benefit, the Yomiuri reported on Tuesday. The Japanese newspaper, without mentioning sources, stated the National Tax Agency found Ghosn used Nissan money for several years to pay […]

Ghosn’s lawyers seek dismissal of charges, allege prosecutors of misconduct

Carlos Ghosn pictures

Carlos Ghosn’s lawyers have asked the Tokyo District Court to drop all charges against the former Nissan Motor chairman, stating prosecutors colluded with government officials and Nissan executives to remove him from his post. Ghosn’s legal team in a press release stated they had filed two court filings ahead of a planned pre-trial meeting the […]

Nissan expected to cut 12,500 jobs worldwide

Nissan Motor logo

Japanese automobile mammoths, Nissan have announced that they will cut 12,500 jobs worldwide after profits dropped to almost zero. Nissan, Japan’s second largest automobile manufacturers released this statement on Thursday. They announced that their profits were almost worn to frazzle. The made the announcement on Thursday after their operating profits dropped by 99% in the […]

Nissan Motor retains Saikawa as CEO

Hiroto Saikawa

Nissan Motor stated Friday that Hiroto Saikawa would remain as chief executive, backing the protege of former chairman Carlos Ghosn even as top shareholder Renault had previously pushed for a modification in the Japanese automaker’s leadership. Saikawa’s re-appointment is likely to be observed as a rebuff to Renault SA, which has pushed for leadership modifications […]