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 […]

Hyundai rejects report about tie-up with Tencent on driverless cars

Tencent Holdings

Hyundai Motor on Sunday rejected a report that it had signed a initial deal with Chinese technology company Tencent Holdings to develop software for driverless vehicles. Hyundai’s comments follows the report from South Korea’s Maeil Business Newspaper citing unnamed industry sources on Saturday stating that the two companies prepared to conduct joint research and development […]

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 […]

GM, Ford and Toyota join to advance self-driving innovation

Ford self-driving cars

Three major automakers stated on Wednesday they were establishing a consortium to help draw up safety standards for self-driving vehicles that could eventually help forming regulations in the United States. General Motors, Ford Motor and Toyota Motor stated they were joining forces with automotive engineering group SAE International to form autonomous vehicle “safety guiding principles […]

Toyota to offer royalty-free access to hybrid-vehicle patents

Toyota Corolla Altis images

Toyota Motor will provide free access to its hybrid-vehicle patents through 2030, it stated on Wednesday, looking to expand use of the lower-emission technology even as the worldwide industry shifts toward completely electric cars. Toyota stated it would grant licenses on almost 24,000 patents on technologies used in its Prius, the first mass-produced “green” car […]

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 […]