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WELLINGTON, Dec 7, 2023 (AFP) – Japanese car giant Nissan warned customers Thursday that its operations in Australia and New Zealand had been hit by a “cyber incident”. Nissan said it had notified the national cyber security centres in both countries, while the company’s global response team assessed the scale of the attack. It was unclear whether any personal information had been accessed, the company said in a statement. “While the extent of the incident […]
by Taimaz SZIRNIKS The boards of French automaker Renault and Japanese partner Nissan have approved a major overhaul of their rocky 24-year alliance following months of negotiations, the companies said on Monday. The carmakers said in a joint statement that they “rebalanced” their relationship, with Renault reducing its stake in the Japanese firm from 43.4 percent to 15 percent, the same size as Nissan’s share in its French counterpart. The agreement includes Nissan taking a […]
Tokyo, Japan | AFP | Monday 1/30/2023 French automaker Renault will slash its stake in Japanese partner Nissan as part of a deal rebalancing the rocky alliance between the two companies, the firms said Monday. The deal will also see Nissan take a stake in Renault’s new electric vehicle venture Ampere, though the size of the investment was not immediately announced. The agreement comes after months of painstaking negotiations, and repeated delays, as the two […]
Tokyo, Japan (AFP) — Nissan on Wednesday upgraded its full-year profit forecasts, as the depreciating yen helps inflate its overseas profits, despite ongoing challenges including Covid shutdowns and the global chip shortage. The company now expects an annual net profit of 155 billion yen ($1.06 billion), up 5.0 billion yen from an earlier target for the year to March 2023. It also hiked annual sales figures, but said it now expects to sell 3.7 million […]
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) — Nissan on Wednesday announced the sale of its entire 1.54 percent stake in German auto giant Daimler for around 1.15 billion euros ($1.4 billion), following a similar move by its French partner Renault. The Japanese automaker has been trying to become profitable again and recover from the reputational damage caused by the departure of its now-fugitive former leader Carlos Ghosn. Nissan said the divestment will allow it to “further strengthen and […]
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 […]
