Carlos Ghosn received $9 million from Nissan-Mitsubishi JV

Carlos Ghosn Renault-Nissan

Carlos Ghosn inappropriately received $9 million in compensation from a joint venture (JV) between Nissan Motor and Mitsubishi Motors, the Japanese automakers stated on Friday, raising the possibility of their ousted chairman facing a fresh charge of embezzlement. In the recent twist to the saga of the once-feted official’s fall from grace, the automakers have […]

French government requests a Renault board meeting to replace Ghosn

Renault logo

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

2015 Nissan Xterra SUV

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 […]

Ghosn’s wife urges Human Rights Watch to draw attention to Ghosn’s treatment in Japanese Jail

Carlos Ghosn Renault-Nissan

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 […]

Nissan executive Jose Munoz resigns amid broadened Ghosn investigation

Jose Munoz

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 […]

Nissan board reassures alliance with Renault and Mitsubishi

Renault-Nissan-Mitsubishi Renault Nissan 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 […]

Carlos Ghosn claims innocence in first appearance since November arrest

Carlos Ghosn Renault-Nissan

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 […]

Nissan to make fewer vehicles in China in months ahead as demand reduces

Nissan e-POWER images

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 […]

New allegations against Ghosn covers payments to Saudi businessman

Carlos Ghosn Renault-Nissan

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 […]