Nissan Motor retains Saikawa as CEO

Hiroto Saikawa

Nissan Motor stated Friday that Hiroto Saikawa would remain as chief executive, backing the protege of former chairman Carlos Ghosn even as top shareholder Renault had previously pushed for a modification in the Japanese automaker’s leadership. Saikawa’s re-appointment is likely to be observed as a rebuff to Renault SA, which has pushed for leadership modifications […]

Carlos Ghosn indicted on misappropriation charge in ‘most serious allegation’ yet

Carlos Ghosn Renault-Nissan

The Tokyo District Public Prosecutor’s Office on Monday indicted former Nissan Motor Chairman Carlos Ghosn for a fourth time, this time he is charged for alleged misappropriation of the company’s money for personal use — an accusation referred by legal experts as the most serious brought against him so far. With the latest charge, Ghosn […]

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 […]