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 […]

Renault-Nissan should streamline decision-making, says Senard

Renault-Nissan logo

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

Nissan Murano Z51

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 […]

Nissan, Renault break up chairmanship in wake of Ghosn’s ouster

Renault-Nissan logo

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 […]