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by Shingo ITO Agence France-Presse TOKYO, Japan (AFP) — Japanese prosecutors formally charged Carlos Ghosn with financial misconduct for under-reporting his salary and also served a fresh warrant on separate allegations, local media reported Monday, meaning the tycoon will likely spend Christmas in a cell. Former Nissan chairman Ghosn, 64, has been in detention since his November 19 arrest on suspicion of under-declaring his income by some five billion yen ($44 million) between 2010 and […]
TOKYO, Japan (AFP) — Nissan Friday announced plans to recall approximately 150,000 vehicles owing to improper tests on new units, dealing a fresh blow to the Japanese car giant following the shock arrest of former chairman Carlos Ghosn. “Nissan has recently found several non-conformities that may have caused inaccurate pass/fail judgments during the inspection process,” the company said in a statement, adding it would “promptly” recall as many as 150,000 units in Japan. It confirmed […]
TOKYO, Japan (AFP) — Nissan plans to conduct another recall owing to “improper” tests on new vehicles, a newspaper said Thursday, dealing a fresh blow to the Japanese car giant following the shock arrest of former chairman Carlos Ghosn. The latest issue was uncovered after transport ministry officials conducted on-site inspections at Nissan’s major assembly plants, the Nikkei business daily said. Several employees admitted they carried out “improper” tests on brake and other systems before […]
by Karyn NISHIMURA-POUPEE and Anne BEADE Agence France Presse TOKYO, Japan (AFP) — With Carlos Ghosn’s arrest, frustrations over the tycoon’s management style have burst into the open within Nissan, with some staff also weary of playing second fiddle to Renault and its French-state backers. Rumblings within Nissan have grown in intensity since the beginning of the year, analysts say, as the 64-year-old Brazil-born Frenchman appeared to be moving towards a complete merger with Renault […]
TOKYO, Japan (AFP) — Top executives from Mitsubishi Motors gather on Monday to sack Carlos Ghosn as chairman over alleged financial misconduct that the once-revered tycoon denies, as further allegations leaked out against him. At an emergency meeting in Tokyo, “it is to be proposed to the Board of Directors to promptly remove Ghosn from his position as… chairman,” said the Japanese firm, the third company in the powerful alliance also involving Nissan and Renault. […]
by Hiroshi HIYAMA / Anne BEADE Agence France Presse TOKYO, Japan (AFP) — Nissan’s board sacked Carlos Ghosn as chairman on Thursday, a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct has stunned the business world, as France and Japan insisted they want the Nissan-Renault alliance to survive the scandal. Ghosn, in jail since Monday, stands accused of under-reporting his income by millions of dollars and a host of other […]
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. […]
HONG KONG, China (AFP) — Asian equities stabilized Thursday following a modest rebound in energy and tech stocks on Wall Street, with US markets closed for the Thanksgiving holiday. But analysts warned the tepid uplift in New York Wednesday should not be interpreted as a sign of the start of a recovery from the recent carnage on global stock markets. Investor sentiment remains fragile following the volatility that has swept markets since October, while the […]
by Richard CARTER / Anne BEADE Agence France Presse TOKYO, Japan (AFP) — Nissan board members looked set to oust disgraced tycoon Carlos Ghosn as chairman Thursday, after his spectacular arrest for financial misconduct sent shockwaves through 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 […]
PARIS, France (AFP) — The man chosen to temporarily replace fallen auto star Carlos Ghosn at Renault is an industry insider with many years of experience working in Asia. Thierry Bollore, a 55-year-old father of five, has been declared deputy CEO to ensure day-to-day management following Ghosn’s stunning arrest in Tokyo on charges of under-reporting his pay at Nissan. Before his temporary elevation to the top of Renault, Bollore was the French car giant’s Chief […]
PARIS, France (AFP) — French automaker Renault said Tuesday it had appointed its chief operating officer as deputy CEO to ensure day-to-day management after the arrest of chief Carlos Ghosn, who will remain chief executive. After an emergency board meeting, the company Thierry Bollore would become deputy CEO with Ghosn “temporarily incapacitated” following his arrest Monday in Japan on financial misconduct charges. © Agence France-Presse
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 […]
