Nissan to lay off 1,000 Mexican workers, due to market challenges

Nissan 370Z pictures

Nissan Motor will lay off about 1,000 employees in Mexico at two factories, due to “challenging market conditions,” the company stated on Thursday. The layoffs will impact Nissan’s Cuernavaca and Aguascalientes manufacturing facilities. The company is still figuring out how the cuts will be distributed throughout the two plants but has already started laying off […]

Carlos Ghosn re-arrested on new allegations

Carlos Ghosn Renault-Nissan

Japanese prosecutors arrested Nissan Motor former chairman Carlos Ghosn again on Friday on fresh allegations of making Nissan shoulder $16.6 million in personal investment losses, cutting chances he would be released on bail before Christmas. Prosecutors also raided Ghosn’s residence in Tokyo in search of proof, broadcaster TV Asahi stated. The recent twist in this […]

Nissan calls on Renault to listen them on Ghosn allegations

Nissan Motor logo

Nissan Motor’s CEO called on directors at alliance partner Renault to listen its reasons for eliminating former Chairman Carlos Ghosn over alleged financial misconduct in middle of tensions over how to manage the fallout from his arrest. Renault’s interim chairman Philippe Lagayette stated on Friday that its board was not thinking about replacing Ghosn, who […]

Nissan Motor files claim against Ghosn’s sister in Brazil court

Nissan Murano Z51

Nissan Motor has filed a court claim against sister of Carlos Ghosn that references alleged “unjust enrichment”, escalating a fight being waged in Brazilian courts between the automaker and its former chairman. A court docket dated December 11 that was read by Reuters showed the Japanese automaker submitted a claim against Claudine Bichara de Oliveira. […]

Renault tells Nissan not to contact their board members

Renault Alpine A110 Sportscar 2017 Geneva show

Renault informed alliance partner Nissan to stop contacting the French company’s directors prior a Thursday board meeting as the Japanese automaker tried to share evidence of misconduct by its ousted chairman Carlos Ghosn, two sources stated. Ever since Ghosn’s November 19 arrest in Japan, Renault and the French government, the automaker’s biggest shareholder, have looked […]

Rio apartment emerges as the new battleground for Nissan, Ghosn

Carlos Ghosn Renault-Nissan

A Rio de Janeiro apartment having cash, art works and personal belongings of Carlos Ghosn has become the new battleground between the indicted former Nissan Motor chairman and the automaker. Ghosn is looking to retrieve “personal belongings, documents, cash, objects and art pieces” from the beachfront apartment, which is owned by Nissan. The company states […]

Carlos Ghosn, Nissan charged for financial misconduct

2017 Nissan Rogue Sport

Tokyo prosecutors indicted ousted Nissan Motor chairman Carlos Ghosn for under-reporting his earnings and also formally charged the automaker, making the firm guilty for the financial misconduct scandal that has surprised the industry. Ghosn was arrested on November 19 on suspicion of conspiring to understate his income by about half of the actual 10 billion […]

Nissan blamed Ghosn investigation for CEO no-show in Amsterdam

Nissan 370Z pictures

Nissan informed Renault its CEO Hiroto Saikawa was not able to attend an Amsterdam meeting as he was helping Tokyo prosecutors investigating alleged misconduct led by Carlos Ghosn, chairman of the automakers’ alliance, sources with knowledge of the issue informed Reuters. Renault was told by a Nissan representative this week that “Saikawa was unable to […]