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 […]

Renault alerts prosecutors to Oman dealer payments under Ghosn

Carlos Ghosn Renault-Nissan

Renault has notified French prosecutors to payments made to a Renault-Nissan business partner in Oman under former CEO Carlos Ghosn, two sources informed Reuters. This comes after an internal investigation by the French automaker after Ghosn’s November arrest in Japan for suspected financial misbehavior at its alliance partner Nissan. Renault’s inquiry has confirmed it paid […]

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 […]

Renault-Nissan should streamline decision-making, says Senard

Renault-Nissan logo

Renault and Nissan should streamline decision-making in the automaking alliance and increasing the companies’ cross-shareholding are not present in their plans, Renault’s chairman stated in comments published on Sunday. Japan’s Nissan Motor and France’s Renault, along with junior ally Mitsubishi Motors, agreed last week that they would retool the alliance to place themselves on a […]

Nissan, Renault break up chairmanship in wake of Ghosn’s ouster

Renault-Nissan logo

Japan’s Nissan Motor and France’s Renault stated they would retool the world’s top automaking alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship earlier wielded by ousted boss Carlos Ghosn. The ouster of Ghosn, credited for rescuing Nissan from near-bankruptcy in 1999, had resulted in much uncertainty about the future of […]

French prosecutors investigating Carlos Ghosn’s wedding costs

Carlos Ghosn Renault-Nissan

French prosecutors have started an initial inquiry into how former Renault CEO Carlos Ghosn financed his 2016 wedding, the Figaro newspaper and Agence France-Presse stated on Monday. The French automaker stated earlier month it had discovered evidence, after an internal investigation, that it had footed some of the bills. It established in its own probe […]

Renault in talks with Nissan and Mitsubishi over new alliance body

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

French automaker Renault stated on Monday that it was in talks with its partners Nissan and Mitsubishi in relation to a new alliance body for the three companies. “In response to latest press reports, Renault confirms that it is in discussions with its Alliance partners Nissan Motor and Mitsubishi Motor regarding the establishment of a […]

Prosecutor says Ghosn’s bail conditions are insufficient

Carlos Ghosn Renault-Nissan

A Tokyo prosecutor stated Friday he find the bail conditions imposed on Carlos Ghosn, the former boss of Nissan Motor and Renault, would be insufficient to avoid tampering of evidence. Shin Kukimoto, deputy public prosecutor at the Tokyo District Public Prosecutors Office, was discussing with reporters on Thursday, a day after Ghosn was released on […]

Japanese court grants bail for Carlos Ghosn, prosecutors appeal

Carlos Ghosn Renault-Nissan

A Japanese court granted bail to former Nissan Motor Chairman Carlos Ghosn on Tuesday. Prosecutors swiftly appealed the decision upon hearing the news about the bail, delaying an immediate release of Ghosn after more than three months in jail. Judges at the Tokyo District Court accepted defense lawyers’ assurances that the former chairman would submit […]