Nissan panel states facts point to legal violations by Carlos Ghosn

Carlos Ghosn Renault-Nissan

An external committee evaluating governance at Nissan Motor stated on Wednesday there were enough facts to assume violations of laws and the private use of company funds by former chairman Carlos Ghosn. After a three-month audit of Nissan’s governance following a scandal that shook the worldwide auto industry, the committee put the blame directly on […]

Honda and Hino join SoftBank and Toyota mobility venture

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Japanese automakers Honda and Hino are teaming up for a partnership between SoftBank and Toyota for mobility advantages including self-driving cars. SoftBank Corp. and Toyota Motor announced a joint venture for mobility services in 2018, in what they called a “united Japan” effort to deal with the worldwide competition. Honda Motor, Toyota’s competitor, and Hino […]

Nissan to propose bigger role for external directors

Nissan Micra Gen5 images

A committee tasked with renovating corporate governance at Nissan Motor is expected to recommend on Wednesday a bigger role for external directors in supervising the Japanese automaker after Carlos Ghosn’s arrest and ouster as chairman. The independent panel will declare the results of its three-month audit of Nissan’s governance-related procedures, as the automaker seeks to […]

Companies set up $1.5 billion China ride-hailing venture

china map

Alibaba, Tencent, Suning, and automakers such as Chongqing Changan Automobile have set up a $1.5 billion Chinese ride-hailing venture, a move that could test the significance of ride-sharing giant Didi Chuxing. Chongqing Changan stated on Friday that it spent 1.6 billion yuan ($238.36 million) in the Nanjing-based investment company together with partners such as the […]