Tag: Carlos Ghosn

Ghosn’s Bail Petition Rejected, Wife Slams Treatment

For detained industry titan Carlos Ghosn, getting out of the slammer has thus far proven an insurmountable challenge. Interned in a Tokyo jail since his Nov. 19 arrest, the Renault CEO and former Nissan chairman has repeatedly seen his bail appeals fall on deaf ears, with past indictments squashing previous hopes for release. On Tuesday, […]

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Ghosn Investigation Leads Top Nissan Exec to Bolt

Nissan’s chief performance officer, José Muñoz, has resigned from the company amid an broadened investigation into former chairman Carlos Ghosn’s alleged financial misconduct. Muñoz, 54, who also headed up Nissan’s Chinese business, previous had his hand on the tiller of the company’s North American operations. Muñoz’s sudden departure, which comes just days after the exec […]

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Ghosn Professes Innocence in Court Hearing

Ghosn, with the help of his team of lawyers, earned the right to speak in a packed Tokyo courtroom on Tuesday, and he used his time efficiently. Described as looking gaunt, the jailed Renault CEO and ex-Nissan chairman claimed he was “wrongly accused” at the Tokyo district court hearing, adding that there’s nothing improper about […]

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Carlos Ghosn Re-arrested Following New Allegation

Just yesterday, it looked as if Renault CEO and former Nissan chairman Carlos Ghosn might make it out of jail by the weekend. Japanese prosecutors had another idea, however. The industry titan was re-arrested Friday morning on suspicion of aggravated breach of trust, pushing the possibility of bail and a hotel Christmas further from the […]

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With Ghosn’s Release Seemingly Imminent, Nissan Tries to Keep Him From Going Home

Detained in a Tokyo jail since his Nov. 19 arrest, Renault CEO and former Nissan chairman Carlos Ghosn could soon find himself out on bail. A Tokyo district court has rejected an appeal aimed at keeping Ghosn in detention, meaning Christmas might be brighter for the auto industry titan than previously thought. Meanwhile, Nissan’s scrambling […]

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Renault Keeps Ghosn as Chairman and CEO As Probe Reveals No Wrongdoing

Two automakers, two investigations, and two very different outcomes for one man. Renault’s board of directors met in France today, deciding that CEO and chairman Carlos Ghosn should stay on in his current role in the wake of an internal investigation that members say showed no signs of criminality. Meanwhile, Ghosn sits in a Tokyo […]

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Amid Strained Relationship, Nissan Hands Renault the Straight Dope on Ghosn

Nissan’s board didn’t wait long to oust Carlos Ghosn as chairman following his Nov. 19 arrest, but alliance partner Renault’s board stood firm, awaiting more information. The waiting continued as Mitsubishi voted to drop Ghosn as chairman. The disgraced executive, indicted this week by Japanese authorities on charges of underreporting his income by tens of […]

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Ghosn, Nissan Indicted by Japanese Authorities

Carlos Ghosn, his right-hand man, Greg Kelly, and the automaker Ghosn headed for years have been indicted by Japanese authorities following the pair’s re-arrest. The new raft of financial allegations raised last week gave the authorities the ability to keep Gosn and Kelly locked up until official charges could be laid. Nissan, whose board ousted […]

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Ghosn Planned to Oust Nissan CEO Prior to Arrest in Japan, Sources Claim

Prior to his arrest in Japan last month over presumed financial misconduct, Carlos Ghosn was allegedly planning to remove Nissan CEO Hiroto Saikawa. The plot has certainly thickened. Ghosn, who was serving as Nissan Motor Co.’s chairman at the time, was believed to be on the cusp of an upper-level management shakeup within the Renault–Nissan–Mitsubishi […]

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Renault’s Ghosn, Arrested Two Weeks Ago, Faces Re-arrest

He won’t have to travel far. Carlos Ghosn, who was booted as Nissan chairman following his November 19th arrest in Tokyo, will reportedly be re-arrested on a new claim of financial misdealings. The new allegations, which also involve underreported income, give Japanese authorities what they’ve been looking for — more time with which to lay formal […]

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Ghosn’s Detention Extended; Renault-Nissan-Mitsubishi Say They’re in This Thing Together

Fallen auto industry magnate Carlos Ghosn can stay in a Tokyo detention center for another 10 days, following an extension approved Friday by Japanese authorities. Arrested two weeks ago on suspicion of underreported income and other potential financial crimes, Ghosn will be released on December 10th if authorities fail to lay charges — though no […]

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Dropped From Mitsubishi and Nissan, Ghosn Faces New Allegations

Mitsubishi Motors, which joined the Renault-Nissan Alliance in 2016, voted unanimously to drop Carlos Ghosn as its chairman Monday, just a week after the executive’s arrest on suspicion of financial misdealings. According to CEO Osamu Masuko, who now dons the title of interim chairman, it was an “agonizing decision.” For Ghosn, the agony has just begun. […]

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Board Meets, and Ghosn’s (Almost) Gone From Nissan

As expected, Nissan chairman Carlos Ghosn ended the week with fewer titles than when he started. The automaker’s board of directors voted to remove the executive, instrumental in creating the Renault-Nissan-Mitsubishi Alliance powerhouse, on Thursday, just three days after his arrest on suspicion of under-reported income and misuse of company assets. The move came as […]

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With Charges Still Not Laid, Ghosn to Be Treated ‘As a Burglar’

Disgraced industry phenom Carlos Ghosn, who still holds the title of Nissan chairman and Renault CEO (though likely not for long), could remain in custody for some time as Japanese authorities take their time in laying charges. The news of Ghosn’s arrest amid allegations of severely underreported income fell like a hammer Monday morning, shaking […]

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What Did Nissan Accomplish During Carlos Ghosn’s Tenure?

We’re weeks, probably months, perhaps years or even decades from learning what went down in Nissan’s Yokohama executive suite over the last few days, weeks, and months. Nissan’s departed boss, Carlos Ghosn, who has not yet been forced out at Renault – a fact that’s certainly subject to change at any given moment – faces […]

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Renault-Nissan Boss Carlos Ghosn to Be Sacked; Industry Titan Faces Arrest in Japan

Carlos Ghosn, the globe-straddling executive behind the Renault-Nissan Alliance and the resurrection of Mitsubishi Motors, has reportedly been arrested in Japan following a whistleblower-prompted investigation into financial irregularities. In a statement, Nissan said Ghosn and board director Greg Kelly allegedly violated Japanese financial laws by under-reporting compensation levels for years, all part of an apparent […]

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