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TOKYO, Japan (AFP) — Detained auto tycoon Carlos Ghosn believes his arrest and the charges against him are the result of a “plot and treason” at his former employer Nissan, he told the Nikkei newspaper Wednesday. The Japanese business daily quoted Ghosn as saying he had “no doubt” that the charges against him were motivated by Nissan executives opposed to greater integration of the firm with its French alliance partner Renault. It was the first […]
by Daniel ARONSSOHN / Corentin DAUTREPPE Agence France-Presse PARIS, France (AFP) — Arrested car boss Carlos Ghosn has resigned as chief executive and chairman of Renault, ending his leadership roles in the auto industry and signalling the start of new era for the French manufacturer. Ghosn, the most powerful man in car-making until his sensational arrest last November in Japan on financial misconduct charges, had already been sacked as chairman of Japanese auto groups Nissan […]
SEOUL, South Korea (AFP) — South Korea’s largest automaker Hyundai Motor reported its first quarterly loss in eight years on Thursday, with currency swings sending it $180 million into the red in October-December despite improved sales. Operating profit fell 35 percent from a year earlier to 501 billion won ($443 million), the firm said in a statement, and it made a net loss of 203 billion won. “Due to weakened currency in emerging markets coupled […]
by Richard CARTER Agence Franc Presse TOKYO, Japan (AFP) — Carlos Ghosn is likely to remain in Japanese custody for the foreseeable future after a Tokyo court denied him bail Tuesday despite a last-ditch personal appeal by the former Nissan boss. The decision was expected as the court had previously judged him to be a flight risk who could potentially tamper with evidence. Even Ghosn’s own lawyer has said his client will likely remain in […]
by Hiroshi HIYAMA / Sara HUSSEIN Agence France Presse TOKYO, Japan (AFP) — Tokyo prosecutors on Friday filed two new charges of financial misconduct against former Nissan chief Carlos Ghosn, meaning the auto tycoon is unlikely to be leaving his jail cell soon. Lawyers for the former jet-setting executive immediately said they would file a bail application, but have acknowledged that he will probably be detained until a trial. Ghosn denies any wrongdoing and argued […]
by Ben PERRY Agence France-Presse LONDON, United Kingdom (AFP) — Thousands of auto sector jobs are set to go across Europe, Jaguar Land Rover and Ford announced Thursday, under major restructuring as consumers dump diesel cars for greener electric vehicles. Brexit-facing JLR will axe around 4,500 mostly UK jobs, the Indian-owned carmaker said, after a slump in Chinese sales last year. US carmaker Ford said it planned a major restructuring of its European operations, including […]
NEW YORK, United States (AFP) — Fiat Chrysler has agreed to pay nearly $650 million to resolve litigation over its use of illegal engine-control software on diesel vehicles that produced false results in emissions tests, The New York Times reported Wednesday. The automaker will pay $305 million in penalties to the federal government and California, which also brought suit, the NYT said, citing two unidentified sources who were briefed on the issue. It said the […]
LAS VEGAS, United States (AFP) — South Korean car maker Hyundai on Monday gave a look at work it is doing on a vehicle with robotic legs to let it walk or crawl over treacherous terrain. Hyundai showed off its Elevate project on the eve of the Consumer Electronics Show gadget extravaganza, billing it an unprecedented “Ultimate Mobility Vehicle” that combines technology from electric cars with robotics. “What if a car designed with robotics could […]
by Hiroshi HIYAMA Agence France-Presse TOKYO, Japan (AFP) — Former Nissan boss Carlos Ghosn appeared in public Tuesday for the first time since his arrest in November rocked the business world, as he offers his side of the story in a high-profile court hearing. The 64-year-old auto industry titan attended a hearing at the Tokyo District Court where the judge was to explain the reasons for Ghosn’s continued detention on suspicion of financial misconduct. He […]
by Miwa SUZUKI Agence France-Presse TOKYO, Japan (AFP) — Former Nissan Chairman Carlos Ghosn is likely to appear in a Japanese court next Tuesday to hear the reasons for his detention, after his lawyers deployed a little-used article of the Constitution. The shock move was the latest in a series of unexpected twists in a case that has gripped Japan and the business world since the once-revered auto tycoon was arrested on his private jet […]
Former Nissan boss Carlos Ghosn will be spending Christmas and the beginning of 2019 behind bars after a Tokyo court on Sunday extended his detention through to January 1. “Today, a decision was made to detain (Ghosn). The full term of the detention will expire on January 1,” the Tokyo District Court said in a statement to media. The move by the court comes as Tokyo prosecutors continue to grill the automobile tycoon over allegations […]
by Kyoko HASEGAWA / Richard CARTER Agence France-Presse TOKYO, Japan (AFP) — Japanese prosecutors re-arrested former Nissan boss Carlos Ghosn over fresh allegations Friday, apparently dashing his hopes of being home for this coming holiday in the latest twist to a roller-coaster saga. The case of the once-revered 64-year-old tycoon has gripped Japan and the business world since he was arrested as he stepped off his private jet at Tokyo’s Haneda Airport on November 19. […]
