‘I alone organized my departure,’ Carlos Ghosn on escaping from Japan

Carlos Ghosn in Norway

Interpol released a wanted notice Thursday for Carlos Ghosn, who jumped bail in Japan and escaped to Lebanon and thus avoiding his trial on financial misconduct charges in Japan. Lebanese Justice Minister Albert Serhan stated in an interview that Lebanon “will carry out its duties,” suggesting for the first time that the businessman may be […]

Turkey arrests pilots in connection to Carlos Ghosn’s escape from Japan

Carlos Ghosn in Norway

Turkish officials have detained seven aviation workers, including four pilots, for questioning in relation to chairman Carlos Ghosn’s escape from Japan, Turkish officials stated Thursday. Carlos Ghosn was awaiting a trial in Japan. The news came as Lebanese officials stated they had received a “Red Notice” from the international policing organization Interpol, calling on them […]

Nissan’s ex-chairman Carlos Ghosn in surprise Lebanon arrival

Carlos Ghosn pictures

Carlos Ghosn has reportedly travelled to Lebanon after departing from Japan The Financial Times newspaper quotes an associate of Carlos Ghosn’s saying the former Nissan’s chairman landed in Beirut, Lebanon on Sunday. Official sources have yet to confirm this information. Ghosn was arrested over allegations of financial misconduct in 2018 and faces several charges. Ghosn […]

Hyundai Development’s consortium closes $2.2 billion acquisition of Asiana Airlines

HDC Hyundai Development Company logo

South Korean Seol-based Hyundai Development Company (HDC) stated on Friday its consortium has closed on its 2.5 trillion won ($2.16 billion) acquisition of a controlling stake in the nation’s second-biggest carrier Asiana Airlines Inc. Hyundai Development stated out of the 2.5 trillion won its consortium with Mirae Asset is going to pay for the acquisition, […]

Nissan picks Sakamoto as board candidate after Seki’s resignation

Nissan e-POWER images

Nissan Motor has picked executive officer Hideyuki Sakamoto as a candidate for the board of directors, the company stated on Friday, after the surprise resignation of vice-chief operating officer Jun Seki previously this week. Sakamoto, who became an executive officer in June and has been an executive vice president since 2014, is accountable for manufacturing […]

Hyundai suspends bridge project in Chile in a row with government

Chile images

Chile’s finance minister has sought to underestimate a row between the government and Hyundai over a $740 million suspension bridge, stating that disputes in such mega projects were “quite common”. Hyundai Engineering and Construction (HDEC) stated on Monday it had suspended construction of the bridge, which will link the Chilean island of Chiloe to the […]