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TOKYO, Japan (AFP) — Nissan reported a positive full-year net profit for the first time in three years on Thursday, citing cost-saving efforts and a stronger US market, but issued cautious forecasts. The Japanese auto giant was on a rollercoaster even before the disruption caused by the pandemic and, more recently, the conflict in Ukraine. It had battled slowing demand and the fallout from the arrest of its former chief Carlos Ghosn and is […]
by Clara WRIGHT Agence France Presse Nanterre, France (AFP) — French authorities have issued an international arrest warrant for Carlos Ghosn, the disgraced auto tycoon who jumped bail in Japan and fled to Lebanon in a sensational getaway, prosecutors told AFP on Friday. The warrant was issued on Thursday over 15 million euros ($16.3 million) in suspect payments between the Renault-Nissan alliance that Ghosn once headed and an Omani company, Suhail Bahwan Automobiles (SBA), […]
TOKYO, Japan (AFP) — Japan has formally asked the United States to extradite two men who helped former Nissan chief executive Carlos Ghosn escape the country to avoid prosecution, a court filing showed Thursday. The men — security contractor and former US special forces member Michael Taylor and his son Peter — were taken into custody on May 20 after they were named earlier in a Japanese arrest warrant for participating in Ghosn’s dramatic escape. […]
PARIS, France (AFP) — Lawyers for Carlos Ghosn on Friday delayed a lawsuit seeking a hefty retirement payout from his former employer Renault, saying the French carmaker had not given them enough time to prepare arguments. The court in Boulogne-Billancourt, near Renault’s headquarters outside Paris, granted the request for more time, setting a new hearing date for April 17. “We received Renault’s arguments only on Monday, and having just four days to respond to 20 […]
PARIS, France (AFP) — The former chief executive of Renault Carlos Ghosn, who fled Japan while awaiting trial on financial misconduct charges, is seeking the payment of a retirement payment by the French carmaker that he says was unfairly withheld. Ghosn has filed a complaint with a French employment tribunal in Boulogne-Billancourt outside Paris, when Renault is headquartered, a source close to Ghosn told AFP, confirming a report in Le Figaro daily. A Renault spokesman […]
by Richard CARTER Agence France Presse Private jets, bullet trains and boxes with holes for breathing: Carlos Ghosn’s escape from Japan, where he was awaiting trial, is worthy of a Hollywood plot. A millionaire many times over, used to hob-nobbing with the Davos set, Ghosn chafed at what he felt were the tight restrictions imposed as a condition of his bail ahead of an expectedly lengthy trial for financial misconduct. As 2019 drew to […]
Tony Gamal-Gabriel Agence France Presse BEIRUT, Lebanon–Fugitive auto tycoon Carlos Ghosn on Wednesday accused Nissan and Japanese prosecutors of plotting against him, vowing to prove his innocence at his first public appearance since fleeing the country. The former Renault-Nissan boss described the financial misconduct charges he faced in Japan as “baseless” as he addressed a large crowd of journalists in Beirut. “The collusion between Nissan and prosecutors is everywhere,” Ghosn said, claiming his arrest in […]
Beirut, Lebanon (AFP)–Fugitive auto tycoon Carlos Ghosn Wednesday claimed automaker Nissan lost $40 million daily and Renault 20 million euro per day since his arrest in 2018. “The market cap decrease of Nissan since my arrest is more than $10 billion. They lost more than $40 million a day during all this period,” he told reporters in Beirut, where he arrived after skipping bail in Japan. “Renault is not better, because the market cap of […]
TOKYO, Japan (AFP) — Former Nissan boss Carlos Ghosn, who fled to Lebanon to avoid a Japanese trial, was carrying one of his two French passports, local media said Thursday, as Japan launched a probe into the embarrassing security lapse. Ghosn, who faces multiple charges of financial misconduct that he denies, won bail in April but with strict conditions, including a bar on overseas travel. His lead lawyer Junichiro Hironaka has said lawyers hold […]
by Richard CARTER TOKYO, Japan (AFP) — A Japanese court granted Carlos Ghosn bail Thursday, meaning the former Nissan boss could soon walk out of his Tokyo detention center to prepare his defense against multiple charges of financial misconduct. The Tokyo District Court set bail at 500 million yen ($4.5 million) as the 65-year-old auto sector legend faces four charges ranging from concealing part of his salary from shareholders to syphoning off Nissan funds for […]
PARIS, France (AFP) — Former auto tycoon Carlos Ghosn vowed to prove his innocence of alleged financial misdeeds but raised doubts about receiving a fair trial in Japan, in an interview with French television just before he was re-arrested on Thursday. The ousted boss of Nissan and Renault, whose case has gripped Japan and the rest of the business world, said in the interview that if his trial was fair he was “not worried”. But […]
TOKYO, Japan (AFP) — Former Nissan chief Carlos Ghosn is seeking court permission to attend a board meeting at the Japanese automaker while out on bail, local media reported Monday. Ghosn wants to attend a Tuesday meeting at the company’s headquarters in the city of Yokohama, Kyodo news agency reported, citing one of his lawyers. The office of Ghosn’s lead lawyer Junichiro Hironaka declined to comment. Nissan said it could not confirm that Ghosn was […]
