Tag: Carlos Ghosn

Renault-Nissan-Mitsubishi Alliance Seeks ‘New Start’

<img data-attachment-id="1665312" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies.jpeg" data-orig-size="760,462" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="renault-nissan-mitsubishi buddies" data-image-description=" nissan ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-450×274.jpeg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-610×371.jpeg” class=”aligncenter size-large wp-image-1665312″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-610×371.jpeg” alt width=”610″ height=”371″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-610×371.jpeg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-75×46.jpeg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-450×274.jpeg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies-120×73.jpeg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/03/renault-nissan-mitsubishi-buddies.jpeg 760w” sizes=”(max-width: 610px) 100vw, 610px”> A meeting rumored to be targeted at developing a new board to oversee the Renault-Mitsubishi-Nissan Alliance took place earlier this […]

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Ghosn Tries to Speak With Alliance Board Over Big Changes, Blocked by Court

Rather than focus entirely on his upcoming court case, Carlos Ghosn, the former chairman of the Renault–Nissan–Mitsubishi Alliance, attempted to gain access to a meeting at Nissan Motor Co. to explain himself to the board. Unfortunately for the fallen industry titan, the Tokyo District Court said such a meeting would violate the terms of his bail by […]

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With Ghosn Gone, Nissan CEO Allegedly Changes Mind About Retirement

Nissan’s Chief Executive Officer, Hiroto Saikawa, apparently intends to stick around a little longer than previously expected. According to unnamed Nissan staffers who spoke to Bloomberg, the CEO told executives he plans to stay at least three more years to help the automaker recover from the aftermath of the scandal involving Renault-Nissan-Mitsubishi Alliance head Carlos Ghosn — despite recently […]

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Ghosn Leaves Japanese Jail in Disguise, Out on $8.9 Million Bail

Former Renault CEO Carlos Ghosn has left a Tokyo prison after posting bail to the tune of $8.9 million. His 108-day detention ended with the industry titan being escorted out out the building while wearing a disguise that entailed a cap, surgical mask, glasses, and workman’s clothes. Ghosn left the Tokyo Detention House around 4:30 […]

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Carlos Ghosn Gets His Wish, Could Be Sprung From Jail This Week

In the auto realm, the term “bailout” doesn’t normally refer to the actual granting of bail, but Renault and alliance partner Nissan wasn’t in need of outside assistance — their former boss was. After multiple attempts to secure release from a Tokyo detention center met with failure, Carlos Ghosn, arrested on suspicion of financial misconduct on […]

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Ghosn to Pay Back Costs From Ritzy Versailles Wedding

While former Renault CEO (and ex-Nissan chairman) Carlos Ghosn is no longer living the high life, this wasn’t always the case. After performing an audit in the wake of Ghosn’s Nov. 19 arrest, Renault stumbled upon an improper use of a very exclusive venue, paid for with company sponsorship funds. The event was Ghosn’s 2016 […]

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Mitsubishi Sides With Nissan in Merger Backlash, Ghosn Claims He Was Set Up

Depending who you ask, the November arrest of disgraced auto executive Carlos Ghosn was either swift justice or a coup d’etat — with some help from the Japanese government. Re-arrested in December and held ever since without bail, Ghosn faces breach of trust charges alleging the exec covered losses incurred through foreign exchanges with Nissan’s funds […]

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Ghosn Gone: Jailed Exec Hands Over Renault, Closing the Last Chapter in his Alliance Reign

After an unceremonious booting from the chairman role at Nissan and Mitsubishi, Carlos Ghosn’s departure from alliance member Renault was more orderly. As expected, the French automaker’s board accepted the jailed executive’s resignation Thursday, handing over the CEO and chairman roles to Thierry Bolloré and Michelin CEO Jean-Dominique Senard, respectively. After building an alliance marrying two major […]

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Ghosn’s Days As an Auto Executive Could End Tomorrow

As the Carlos Ghosn saga slowly crawls its way towards a trial, the former Nissan and Mitsubishi chairman might soon add another “former” to his list of descriptors. In an effort to mend a rift in the automotive alliance, Renault’s board has scheduled an emergency meeting for Thursday, during which the pressure will be on […]

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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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