Former Nissan executive Kelly rejects financial misconduct allegations

Nissan Motor logo

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 […]

Mitsubishi says Nissan-Renault alliance is able to survive turmoil

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

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 […]

Mitsubishi Motors executive underlines significance of alliance with Nissan, Renault

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

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 […]

Renault-Nissan leaders to meet following Ghosn ouster

Renault-Nissan logo

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 […]

Carlos Ghosn rejects allegations against him

Carlos Ghosn Renault-Nissan

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, […]

Japan prosecutors likely to build new criminal case against Carlos Ghosn

Carlos Ghosn Renault-Nissan

Japanese prosecutors are likely to build a new criminal case against ousted Nissan Motor Chairman Carlos Ghosn for understating his earnings by 3 billion yen ($27.0 million) during three years from fiscal 2015, the Asahi newspaper reported on Friday. Ghosn and former Nissan Representative Director Greg Kelly are presently being investigated in a case of […]

France and Japan reaffirm their support for Renault-Nissan alliance

Renault-Nissan logo

French economy minister Bruno Le Maire and his Japanese counterpart Hiroshige Seko reaffirmed their support on Thursday for the Renault-Nissan alliance following ouster of Carlos Ghosn as the Japanese automaker’s chairman. After meeting in Paris, a joint statement showed “the strong support” and “their shared wish to maintain this winning cooperation”. Ghosn was the architect […]

Renault board prompted Nissan to delay Ghosn removal

Nissan Murano Z51

Renault’s board had prompted Nissan’s board before its meeting on Thursday to delay eliminating Carlos Ghosn from his position as chairman, sources knowledgeable with the matter informed Reuters. Nissan’s board voted unanimously on Thursday to eliminate Carlos Ghosn from his post after his arrest in Japan this week, public broadcaster NHK reported, marking the stunning […]

Tokyo prosecutors can’t tell if Carlos Ghosn has admitted to allegations

Carlos Ghosn Renault-Nissan

Shin Kukimoto, deputy public prosecutor at the Tokyo District Public Prosecutors Office, stated on Thursday that he could not tell if Nissan Chairman Carlos Ghosn had confessed allegations of financial misconduct. Kukimoto also stated that Ghosn is being held at the Tokyo Detention Centre and that the Tokyo District Court on Wednesday authorized detaining Ghosn […]