Nissan to lay off 700 contract employees in Mississippi
Nissan Motor’s U.S. arm stated on Thursday it plans to lay off up to 700 contract workers at its Mississippi assembly plant, mentioning reduction in sales of its vans and Titan pickup trucks. The company has hired about 6,500 direct employees and contract workers in Canton, Mississippi. The news comes as the Japanese automaker goes
- Published in Nissan
French government requests a Renault board meeting to replace Ghosn
French Finance Minister Bruno Le Maire stated on Wednesday the government had requested a Renault board meeting in near future to replace the company’s scandal-hit Chairman and Chief Executive Carlos Ghosn. The company needs a change of governance, Le Maire stated in an interview with French TV station LCI, confirming a previous Reuters report that
Nissan CEO calls for Renault board to evaluate Ghosn findings
Nissan expects alliance partner Renault’s board to back its removal of Chairman Carlos Ghosn once it sees proof from the Japanese automaker’s investigation, Chief Executive Hiroto Saikawa stated in a Monday newspaper interview. Nissan understands that findings it gave to Renault lawyers over a month ago have still not been shared enough with the Renault
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Ghosn’s wife urges Human Rights Watch to draw attention to Ghosn’s treatment in Japanese Jail
The wife of former Nissan Motor chairman Carlos Ghosn has urged New York-based Human Rights Watch to draw attention to his “harsh treatment” during detention in a Japanese jail, a letter read by Reuters revealed on Sunday. Japanese officials have charged Ghosn with under-reporting earning and aggravated breach of trust for temporarily transferring personal investment
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Nissan terminates lease on Ghosn’s apartment in Tokyo
Nissan Motor has canceled the lease to ex-Chairman Carlos Ghosn’s luxury apartment located in Tokyo, Ghosn’s legal team stated on Friday, as the automaker cuts ties with the executive after his arrest in 19 November. Nissan confirmed it had sent Ghosn’s Japan-based legal team a cancellation notice on his residence in Azabu, one of Tokyo’s
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Nissan executive Jose Munoz resigns amid broadened Ghosn investigation
One of Nissan Motor’s top executives has resigned, further rattling the Japanese automaker’s management group as it expands an investigation into ousted Chairman Carlos Ghosn’s supposed financial misconduct. Jose Munoz, widely considered as a close ally to Ghosn and a potential successor to lead the automaking partnership between the automaker and Renault SA, had been
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Nissan board reassures alliance with Renault and Mitsubishi
Nissan’s board remains committed to the automaker’s alliance with Renault and Mitsubishi Motors, it stated after directors met to talk about the ongoing investigation into former chairman Carlos Ghosn and ways to strengthen governance. A board statement after Thursday’s meeting included that it also decided on an interim process to figure out executive remuneration and
- Published in Mitsubishi, Nissan, Press Releases, Renault
Carlos Ghosn claims innocence in first appearance since November arrest
Former Nissan Chairman Carlos Ghosn claimed innocence in his first public appearance since his November arrest, telling a Tokyo court on Tuesday that he had been falsely accused of financial misconduct. Ghosn, credited to have rescued Nissan Motor from near-bankruptcy two decades ago, was brought into the courtroom in handcuffs and a rope around his
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Carlos Ghosn’s lawyers to give news conference Tuesday
Lawyers of ousted Nissan Motor chairman Carlos Ghosn are set to give a news conference on Tuesday, the Foreign Correspondents’ Club of Japan (FCCJ) stated on its website on Monday, their first such public appearance. The three lawyers, headed by chief lawyer Motonari Otsuru, are going to speak at the FCCJ hours after Ghosn makes
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Jose Munoz takes leave of absence in wake of Ghosn arrest
Nissan Motor, Jose Munoz, a senior executive of the automaker, has taken a leave of absence in a sudden management shake-up as the automaker deals with the aftermath of the detention of former chairman Carlos Ghosn. Munoz’s absence comes as Ghosn has been held in a detention center since his November 19 arrest on accusations
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Ghosn to appear first time publicly in 7 weeks in court on Tuesday
Ousted Nissan Motor CEO Carlos Ghosn is going to make his first public appearance in seven weeks at a Tokyo court on Tuesday after he asked an open hearing to hear the reason for his continued detention. Ghosn has been held in a detention center since arrest on 19 November on allegations of financial misconduct,
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Tokyo court extends detention of Carlos Ghosn until January 11
The Tokyo District Court stated on Monday it has extended the detention of former Nissan Motor chairman Carlos Ghosn by 10 days until January 11. Ghosn, alleged of aggravated breach of trust, is dealing with allegations of making the automaker shoulder 1.85 billion yen ($16.8 million) in personal investment losses. The recent extension will see
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Nissan to make fewer vehicles in China in months ahead as demand reduces
Nissan Motor will produce 30,000 fewer vehicles in the upcoming months in China compared to what it had planned, a person knowledgeable about the matter informed Reuters, as global automakers grapple with decreasing demand in the world’s biggest car market. After Ford Motor and Hyundai Motor, Nissan becomes the recent automaker to curb production in
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New allegations against Ghosn covers payments to Saudi businessman
New misconduct allegations brought by Japanese prosecutors against ousted Nissan Chairman Carlos Ghosn concerns the use of company funds to pay a Saudi businessman who is believed to have assisted him out of financial difficulties, two company sources with knowledge of the matter satated. Prosecutors arrested Ghosn for a third time on Friday, alleging him
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Greg Kelly examined at Japanese hospital after securing bail
Nissan director Greg Kelly was being examined in a hospital on Wednesday, a source stated, one day after he was released on bail from a Tokyo jail where his ousted boss Carlos Ghosn is still being detained. Kelly, who was released late on Christmas Day after over a month in detention, has been charged with
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