Tag: Renault-Nissan Alliance

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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Nissan CEO Hiroto Saikawa to Step Down, but Only After Taking Out Some Trash

Claiming he wants a fresh start for the scandal-rocked Renault-Nissan Alliance, Nissan CEO Hiroto Saikawa announced on Friday his intention to move aside in the coming months, giving someone else a chance to run the company. Alliance partner Renault divested itself of former CEO Carlos Ghosn this week, two months after the executive’s Tokyo arrest. With […]

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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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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’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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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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