Renault-Nissan should streamline decision-making, says Senard
Renault and Nissan should streamline decision-making in the automaking alliance and increasing the companies’ cross-shareholding are not present in their plans, Renault’s chairman stated in comments published on Sunday. Japan’s Nissan Motor and France’s Renault, along with junior ally Mitsubishi Motors, agreed last week that they would retool the alliance to place themselves on a
Nissan governance panel observes no need to overhaul alliance agreement
The external committee tasked with enhancing governance at Nissan Motor believes the company can deepen ties with Renault SA without overhauling the broader alliance agreed almost two decades ago, a person knowledgeable with the matter stated. At the committee’s latest meeting held recently, members were at a “near consensus” to suggest stronger roles for outside
- Published in Nissan
Nissan, Renault break up chairmanship in wake of Ghosn’s ouster
Japan’s Nissan Motor and France’s Renault stated they would retool the world’s top automaking alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship earlier wielded by ousted boss Carlos Ghosn. The ouster of Ghosn, credited for rescuing Nissan from near-bankruptcy in 1999, had resulted in much uncertainty about the future of
Nissan’s Infiniti to exit western Europe early 2020
Nissan Motor’s premium brand Infiniti stated on Tuesday it will depart western Europe early next year, as it renovates its worldwide operations and turns its attention to sales in the leading two auto markets. Infiniti stated it will stop the Q30 sedan and the QX30 sport-utility vehicle (SUV) and cease their production by the middle
- Published in Nissan
Japan court declines Carlos Ghosn’s request to attend board meeting
A Tokyo court declined ousted Nissan boss Carlos Ghosn’s request to participated in a board meeting this week, refusing him a seat at the table even as the automaker looks set to bolster an alliance Ghosn built over two decades. Prosecutors filed a document to the Tokyo District Court from Nissan informing its opposition to
Renault in talks with Nissan and Mitsubishi over new alliance body
French automaker Renault stated on Monday that it was in talks with its partners Nissan and Mitsubishi in relation to a new alliance body for the three companies. “In response to latest press reports, Renault confirms that it is in discussions with its Alliance partners Nissan Motor and Mitsubishi Motor regarding the establishment of a
- Published in Mitsubishi, Nissan, Renault
Nissan IMQ Concept unveiled at the Geneva Motor Show
Nissan has unveiled its newest concept car at the 2019 Geneva Motor Show, the Nissan IMQ Concept and it shows some signs that what Nissan has planned to do in the future. Revealed at the Geneva Motor Show, the IMQ smoothly blends Japanese design with state-of-the-art, human-centric technology. It includes the recent innovations that bring
- Published in Events & Shows, Nissan
Nissan’s electric car has become the first to break 400,000 in sales
About 408,000 plug-in vehicle units were sold throughout Europe in 2018 Japanese auto giant Nissan states its compact hatchback named Leaf has become the first electric car to surpass 400,000 figure in sales. In an announcement Thursday, the automaker stated the landmark figure had established that the Leaf’s “leading role in the global shift toward
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Prosecutor says Ghosn’s bail conditions are insufficient
A Tokyo prosecutor stated Friday he find the bail conditions imposed on Carlos Ghosn, the former boss of Nissan Motor and Renault, would be insufficient to avoid tampering of evidence. Shin Kukimoto, deputy public prosecutor at the Tokyo District Public Prosecutors Office, was discussing with reporters on Thursday, a day after Ghosn was released on
Carlos Ghosn leaves Japan jail after $9 million bail
Former Nissan CEO Carlos Ghosn left Tokyo prison on a $9 million bail on Wednesday, slipping past reporters in a face mask and moving nearer to mounting a defense against financial misconduct charges that he has referred as “meritless”. Ghosn, one of the world’s most prominent auto executives whose dramatic rescue of Nissan about more
Japanese prosecutors’ appeal against bail for Ghosn is rejected
A Japanese court has declined prosecutors’ appeal against a decision to grant the bail to Carlos Ghosn, the ousted chairman of Nissan Motor, the court stated on Tuesday, paving the way for Ghosn to leave prison as early as Wednesday. The Tokyo District Court stated it had ruled against the appeal. The court had previously
- Published in Nissan
Japanese court grants bail for Carlos Ghosn, prosecutors appeal
A Japanese court granted bail to former Nissan Motor Chairman Carlos Ghosn on Tuesday. Prosecutors swiftly appealed the decision upon hearing the news about the bail, delaying an immediate release of Ghosn after more than three months in jail. Judges at the Tokyo District Court accepted defense lawyers’ assurances that the former chairman would submit
Carlos Ghosn’s new legal team applies for bail
Carlos Ghosn’s new legal team has applied for bail for the former Nissan Motor chairman, the Tokyo District Court stated on Thursday, the recent attempt after a number of requests were rejected by judges citing Ghosn being a flight risk. Ghosn was arrested in November due to alleged financial misconduct and is still in detention
- Published in Nissan
Documents show Ghosn held $260,000 Rio party billed to Renault-Nissan
Former Renault and Nissan head Carlos Ghosn and his wife invited people to a $260,000 Carnival party in Brazil in 2018 and charged it to his employers, documents observed by AFP show, a move Ghosn’s lawyer defended as a routine corporate function for a multinational CEO. News of the party is the recent evidence of
Ghosn’s new lawyer takes aim at Nissan and prosecutors
Carlos Ghosn’s new lawyer took aim at Nissan, prosecutors and courts on Wednesday, rejecting the charges against the former chairman as an internal company matter and saying Japan was out of step with worldwide norms by keeping his client in jail. “This should have been dealt with as an internal matter,” Junichiro Hironaka, nicknamed the
- Published in Nissan