Nissan, Renault, Mitsubishi Motors hold the first meeting of new management body in France

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

The new management body of Nissan Motor, Renault SA and Mitsubishi Motors held its first meeting Friday and started discussing ways to improve the alliance following multiple arrests of former Chairman Carlos Ghosn. Nissan CEO Hiroto Saikawa, Renault CEO Thierry Bollore and Mitsubishi Motors CEO Masuko Osamu participated in the meeting, which was chaired by […]

Document says Ghosn is suffering from kidney failure, was arrested illegally

Carlos Ghosn pictures

Former Nissan CEO Carlos Ghosn’s “illegal” arrest has interrupted his treatment for chronic kidney failure, which Ghosn suffers from as a result of treatment for high cholesterol, his defense stated in documents observed by Reuters on Thursday. Ghosn’s defense team, in documents prepared after Ghosn was arrested for the fourth time by Tokyo prosecutors last […]

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 […]

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 […]