Nissan informed Renault its CEO Hiroto Saikawa was not able to attend an Amsterdam meeting as he was helping Tokyo prosecutors investigating alleged misconduct led by Carlos Ghosn, chairman of the automakers’ alliance, sources with knowledge of the issue informed Reuters. Renault was told by a Nissan representative this week that “Saikawa was unable to
A Nissan Motor panel on Tuesday failed to nominate a successor to Carlos Ghosn as chairman following his arrest and dismissal for alleged financial misconduct in November, a source knowledgeable with the situation informed Reuters. Ghosn could remain in detention until the end of this year as Tokyo prosecutors prepare to rearrest him on a
Nissan Motor’s external board members failed on Tuesday to nominate a successor to Carlos Ghosn as chairman of the automaker following his arrest and dismissal for alleged financial misconduct, Kyodo News noted. The Japanese news agency did not mention its sources in reporting that the three members of the nine-member board had delayed the decision
Tokyo prosecutors prepare to arrest Carlos Ghosn on a fresh claim of understating his earning, the Sankei newspaper reported on Tuesday, in a move that could keep the former chairman of Nissan Motor in detention until the end of this year. Ghosn has been detained in Tokyo since his November 19 arrest on suspicion of
Nissan’s three independent board members are going to meet on Tuesday to talk about a replacement for arrested former Chairman Carlos Ghosn, a source knowledgeable with the matter stated. The company earlier stated that the three members would nominate a candidate to take place of Ghosn, who was arrested in November for alleged financial misconduct.
French President Emmanuel Macron met Japanese Prime Minister Shinzo Abe and urged that the Renault-Nissan alliance needs to be preserved, after Chairman Carlos Ghosn’s arrest in Tokyo, an Elysee official stated on Friday. During a bilateral meeting on the sidelines of a G20 meeting of global leaders in Argentina, Abe informed Macron that “the legal
Tokyo officials on Friday extended for another 10 days the detention of eliminated Nissan Motor chairman Carlos Ghosn, who is currently held in Tokyo’s main detention center following allegations against him of financial misconduct, Japanese media stated. Ghosn has been held since November 19 and Japanese officials now have to file charges by December 10.
Nissan Motor former representative director Greg Kelly rejects allegations of financial misconduct at the automaker, his lawyer stated on Thursday. Kelly and former Nissan Chairman Carlos Ghosn were arrested on November 19 on suspicion of falsifying the Japanese firm’s yearly reports to understate Ghosn’s earnings over several years, rocking Nissan’s alliance with Renault. “There was
A senior executive at Mitsubishi Motors stated on Tuesday its alliance with Nissan and Renault is able to survive management upheaval, a day following elimination of Carlos Ghosn as chairman over financial misconduct allegations. The future of the 19-year alliance, among the biggest automotive groups in the world, has been thrown into doubt following the
A top executive at Mitsubishi Motors stated on Tuesday that the days of a single automaker being able to make new technologies on its own were going away, stressing the importance of its alliance with Nissan Motor and Renault. Mitsuhiko Yamashita, an executive vice president at Mitsubishi Motors who used to serve as Nissan’s top
Nissan Motor stated CEO Hiroto Saikawa did not mention a need to evaluate the automaker’s equity partnership with French automaker Renault SA at a town hall meeting he held with staff on Monday morning. Nissan made the remark after the Nikkei business daily quoted Saikawa as saying employees that Nissan’s “tie-up relationship with Renault was
Renault-Nissan executives will try this week to protect their joint operations from a looming power struggle between the automakers, after alliance boss Carlos Ghosn’s arrest in Japan over alleged financial misconduct. Top executives from both manufacturers and third partner Mitsubishi are going to attend mid-week operations committee meetings in Amsterdam that had been planned prior
Former Nissan chairman Carlos Ghosn, arrested last Monday on suspicion of financial misconduct, has rejected the allegations against him, Japanese public broadcaster NHK stated on Sunday. Ghosn, who has not spoken publicly, has informed investigators that he had no aim of under-reporting his earnings on financial documents and has rejected allegations against him, NHK stated,
A former Nissan Motor executive arrested together with ex-chairman Carlos Ghosn has defended Ghosn’s compensation, stated it was discussed with other officials and paid out appropriately, Japanese public broadcaster NHK stated on Saturday. In his initially reported comments since his arrest on Monday, Greg Kelly was also quoted by NHK as stating that he had
Nissan Motor is intended to nominate a new chairman under a month or two, hopefully before its next board meeting slated for around December 20, a source knowledgeable with the matter stated, after the automaker ousted Carlos Ghosn as chairman on Thursday. The nomination will be carried out by the Japanese automaker’s newly created advisory