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TOKYO, Japan (AFP) — Tokyo prosecutors confirmed Tuesday that they had arrested auto industry titan Carlos Ghosn a day earlier on allegations he under-reported his income over the course of several years. In a statement, prosecutors said Ghosn had reported income of 4.9 billion yen ($51.5 million) over five years when his actual income for that period had been nearly 10 billion yen. © Agence France-Presse
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Tuesday with shares in Nissan diving more than six percent and Mitsubishi also plunging after chairman Carlos Ghosn was arrested over allegations of financial misconduct. The benchmark Nikkei 225 index was down 1.08 percent or 235.19 points at 21,585.97 in early trade, while the broader Topix index was down 0.97 percent or 15.91 points at 1,621.70. Nissan shares traded 6.05 percent lower at 944.6 yen after dipping […]
by Natsuko FUKUE Agence France Presse YOKOHAMA, Japan (AFP) — Nissan chairman Carlos Ghosn faces being fired this week after being arrested in Japan over allegations of financial misconduct, the firm said Monday, in a stunning fall from grace for one of the world’s best-known businessmen. Ghosn’s arrest and his likely dismissal from Nissan, as well as possibly from Mitsubishi and Renault, sent shockwaves through the auto industry, where he is a towering figure, credited […]
TOKYO, Japan (AFP)–Nissan admitted Monday that data on exhaust emissions and fuel economy had been deliberately “altered,” dealing a blow to the Japanese car giant’s efforts to recover from an inspection scandal last year. The company did not say how many cars were affected by the falsifications, which were uncovered during voluntary tests of all parts of Nissan’s operations conducted in the wake of last year’s scandal. It said that tests on exhaust emissions and […]
TOKYO, Japan (AFP) — Top Japanese car makers said on Monday they were teaming up to nearly double the amount of hydrogen stations in Japan, as the car-mad country seeks to head off competition from China and Germany. Toyota, Nissan and Honda formed a joint venture with major gas and energy companies, including French industrial gases company Air Liquide, to build 80 new hydrogen stations in the next four years, to add to the 101 […]
BEIJING, China (AFP) — Japanese automaker Nissan Motor and its Chinese joint venture partner announced on Monday a $9.5 billion investment plan in China to increase annual sales by one million vehicles and boost electric car production. Dongfeng Motor Company is the latest Sino-foreign car company to splash out as China rolls out new regulations to limit gas vehicles and boost production of electric cars in coming years. Nissan’s high-end brand, Infiniti, will go all electric in […]
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 […]
TOKYO, Japan (AFP) — Tokyo stocks ended flat Friday morning following the benchmark index posted its longest string of gains in nearly 30 years, while Nissan dropped after it suspended production citing an inspection scandal. The Nikkei 225 inched up 3.26 points to 21,451.78 by the break, while the broader Topix index was just 0.35 points higher at 1,730.39. “There is no surprise to see profit-taking,” said Hikaru Sato, senior technical analyst at Daiwa Securities. […]
TOKYO, Japan (AFP) — Six of Japan’s best-known carmakers including Nissan and Honda used products from Kobe Steel, a report said Wednesday, after the firm admitted to falsifying quality data in a growing scandal. Business daily Nikkei said Mitsubishi Motors, Subaru and Mazda had also used products from Kobe Steel in their vehicles. Auto giant Toyota has already said that Kobe Steel supplied materials to one of its Japanese factories, which used them in hoods, […]
CHIBA, Japan (AFP) — Japanese giant Nissan Wednesday unveiled a new electric car with an extended range and semi-autonomous driving functions, as it seeks to battle off competitors in a sector it once pioneered. The second-generation Nissan Leaf has a potential range of 400 kilometers (250 miles) between charges, compared with 250 kilometers for its previous version. It also boasts semi-autonomous driving capabilities such as keeping the vehicle automatically in one lane on the motorway […]
(Reuters) — Nissan has launched a new measurement unit for 4×4 cars that they are calling Desert Camel Power. The Japanese firm wants to provide definitive answers to questions about the off-road capabilities of 4×4 cars in the Gulf market. Nissan argues that the traditional definition of horsepower is not an accurate unit of measurement for cars that drive in the desert, since engine power does not necessarily ensure smooth driving on sand. Regional Executive […]
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
