Ghosn slams ‘backstabbing’ former Nissan colleagues in the video

Carlos Ghosn pictures

A defiant Carlos Ghosn alleged “backstabbing” former colleagues of conspiring to eliminate him as Nissan chairman and threatening the Japanese automaker’s future, in a video showing his first public address since his initial arrest last year. Prosecutors took the highly uncommon step of re-arresting Ghosn on Thursday on new allegations that he used company funds […]

Nissan shareholders oust Carlos Ghosn as a director

2017 Nissan GT-R NISMO

Nissan shareholders ousted Carlos Ghosn as a director on Monday, severing his last tie with the automaker he rescued from near-bankruptcy about 20 years and from which he is now alleged of siphoning funds. Days after Ghosn’s recent arrest in Tokyo, shareholders gathered for an extraordinary meeting, showing bafflement and disquiet about increasing allegations of […]

Prosecutors seized Ghosn’s wife’s passport, mobile, says lawyer

Carlos Ghosn pictures

Tokyo prosecutors seized the passport and mobile phone of Carlos Ghosn’s wife, Carole, when they arrested the former Nissan boss on Thursday morning, his lawyer stated, adding that the defense team would “strongly appeal” the latest arrest. “Ghosn’s wife happened to be with him when he was arrested, so they seized her passport and her […]

Renault scraps Ghosn’s pension as scandal deepens

Carlos Ghosn Renault-Nissan

Renault blocked former CEO Carlos Ghosn’s pension on Wednesday, as the French automaker stated an internal investigation had identified “questionable and concealed practices” by the fallen auto industry leader. Renault, that had initially questioned alliance partner Nissan’s allegations against Ghosn after his November arrest, also verified it had alerted prosecutors concerning suspect payments to a […]

Carlos Ghosn has been arrested for fourth time

Carlos Ghosn Renault-Nissan

Japanese prosecutors arrested former Nissan Motor boss Carlos Ghosn for a fourth time on Thursday, public broadcaster NHK stated, after Japanese media reported that authorities were developing a new case against Ghosn regarding payments made to a dealer in Oman. Prosecutors arrest Ghosn over suspicion of aggravated breach of trust, NHK stated. French finance minister […]

Nissan panel states facts point to legal violations by Carlos Ghosn

Carlos Ghosn Renault-Nissan

An external committee evaluating governance at Nissan Motor stated on Wednesday there were enough facts to assume violations of laws and the private use of company funds by former chairman Carlos Ghosn. After a three-month audit of Nissan’s governance following a scandal that shook the worldwide auto industry, the committee put the blame directly on […]

Nissan to propose bigger role for external directors

Nissan Micra Gen5 images

A committee tasked with renovating corporate governance at Nissan Motor is expected to recommend on Wednesday a bigger role for external directors in supervising the Japanese automaker after Carlos Ghosn’s arrest and ouster as chairman. The independent panel will declare the results of its three-month audit of Nissan’s governance-related procedures, as the automaker seeks to […]