Carlos Ghosn rejects allegations against him

Carlos Ghosn Renault-Nissan

Former Nissan chairman Carlos Ghosn, arrested last Monday on suspicion of financial misconduct, has rejected the allegations against him, Japanese public broadcaster NHK stated on Sunday. Ghosn, who has not spoken publicly, has informed investigators that he had no aim of under-reporting his earnings on financial documents and has rejected allegations against him, NHK stated, […]

Japan prosecutors likely to build new criminal case against Carlos Ghosn

Carlos Ghosn Renault-Nissan

Japanese prosecutors are likely to build a new criminal case against ousted Nissan Motor Chairman Carlos Ghosn for understating his earnings by 3 billion yen ($27.0 million) during three years from fiscal 2015, the Asahi newspaper reported on Friday. Ghosn and former Nissan Representative Director Greg Kelly are presently being investigated in a case of […]

France and Japan reaffirm their support for Renault-Nissan alliance

Renault-Nissan logo

French economy minister Bruno Le Maire and his Japanese counterpart Hiroshige Seko reaffirmed their support on Thursday for the Renault-Nissan alliance following ouster of Carlos Ghosn as the Japanese automaker’s chairman. After meeting in Paris, a joint statement showed “the strong support” and “their shared wish to maintain this winning cooperation”. Ghosn was the architect […]

Renault board prompted Nissan to delay Ghosn removal

Nissan Murano Z51

Renault’s board had prompted Nissan’s board before its meeting on Thursday to delay eliminating Carlos Ghosn from his position as chairman, sources knowledgeable with the matter informed Reuters. Nissan’s board voted unanimously on Thursday to eliminate Carlos Ghosn from his post after his arrest in Japan this week, public broadcaster NHK reported, marking the stunning […]

France President Macron vows to maintain Renault-Nissan stability

Emmanuel Macron images

France will collaborate to maintain the stability of Renault and its alliance with Nissan, France President Emmanuel Macron stated on Monday, following the Japanese automaker action to oust Chairman Carlos Ghosn over alleged financial misconduct. “It’s too early to comment on the reality or materiality of the accusations, about which I have no further information,” […]

Nissan’s Chairman Carlos Ghosn to be arrested in Japan for alleged financial violations

Carlos Ghosn Renault-Nissan

Nissan Motor Chairman Carlos Ghosn is to be arrested by Tokyo prosecutors for alleged financial violations in Japan, according to the Asahi newspaper’s report. The newspaper reported on its website that Ghosn was suspected of having underestimated his own income on financial statements and had agreed to voluntarily discuss with prosecutors. A Nissan spokesman stated […]

Renault-Nissan raises investment in France with new vans

Renault-Nissan logo

Renault stated it will build new Nissan and Mitsubishi vans at its local plants, boosting investment in the country as it looks for closer integration of the three-way automaking alliance with government support. The declaration, timed to coincide with a plant visit by President Emmanuel Macron, “underlines the importance of France for the alliance”, Renault-Nissan-Mitsubishi […]