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by Richard CARTER / Anne BEADE Agence France Presse TOKYO, Japan (AFP) — Nissan board members appeared poised to oust disgraced tycoon Carlos Ghosn as chairman Thursday, after his spectacular arrest for financial misconduct stunned the car industry and the business world. Ghosn stands accused of under-reporting his income by millions of dollars and a host of other financial irregularities, in a stunning fall from grace for the once-revered titan of the auto sector. […]
TOKYO, Japan (AGP) — Tokyo stocks dropped on Tuesday with shares in Nissan diving more than five percent and Mitsubishi also plunging after chairman Carlos Ghosn was arrested over allegations of financial misconduct. The benchmark Nikkei 225 index fell 1.09 percent, or 238.04 points, to close at 21,583.12, while the broader Topix index was down 0.73 percent, or 11.94 points, at 1,625.67. Nissan shares lost 5.45 percent to 950.7 yen after dipping to a low […]
by Hiroshi Hiyama Agence France-Presse TOKYO, Japan (AFP) — From a car that wants to be your friend to another that burns off the fat: here are five hot vehicles on display at the Tokyo Motor Show. The biennial event opens for a media preview on Wednesday, before throwing its doors open to the public until November 5. The event will feature concept vehicles from top Japanese manufacturers, as well as fresh offerings from major […]
Japan (AFP) — Carlos Ghosn, the head of Japan’s number two automaker Nissan, will become chairman of struggling Mitsubishi Motors, five months after throwing a lifeline to the scandal-hit firm https://youtu.be/BJx0VavPUtg
Japanese authorities raided the research center of Mitsubishi Motors after the company admits to improper testing of fuel efficiency.
TOKYO, Japan (AFP) Friday 4/22/2016 – Mitsubishi Motors’ shares nosedived for a third day on Friday, falling more than 15 percent in early trading in response to its shock admission that it cheated on fuel-efficiency tests. At 09:41 am (0041 GMT), the stock was down 14.57 percent at 498 yen, after dipping as low as 489 yen, or 16.12 percent off. Panic selling in the past two days had already sent the share price tumbling by a third, […]
by Daniel Leussink TOKYO, Japan (AFP) — Mitsubishi Motors shares nosedived again Thursday as panic selling wiped about $2.5 billion off the automaker’s market value in response to its shock admission that it cheated on fuel-efficiency tests. The embarrassing revelation is the latest in a string of recent scandals to hit Japanese firms, while German giant Volkswagen struggles to restore its badly dented reputation after a massive emissions scandal. The news has also raised questions about […]
