Tag: renault

Ghosn resigns as Renault boss, French group enters new era

by Daniel ARONSSOHN / Corentin DAUTREPPE Agence France-Presse PARIS, France (AFP) — Arrested car boss Carlos Ghosn has resigned as chief executive and chairman of Renault, ending his leadership roles in the auto industry and signalling the start of new era for the French manufacturer. Ghosn, the most powerful man in car-making until his sensational arrest last November in Japan on financial misconduct charges, had already been sacked as chairman of Japanese auto groups Nissan […]

Tokyo court denies ex-Nissan chief Ghosn’s bail request

by Richard CARTER Agence Franc Presse TOKYO, Japan (AFP) — Carlos Ghosn is likely to remain in Japanese custody for the foreseeable future after a Tokyo court denied him bail Tuesday despite a last-ditch personal appeal by the former Nissan boss. The decision was expected as the court had previously judged him to be a flight risk who could potentially tamper with evidence. Even Ghosn’s own lawyer has said his client will likely remain in […]

Ghosn hit with more charges, release unlikely

by Hiroshi HIYAMA / Sara HUSSEIN Agence France Presse TOKYO, Japan (AFP) — Tokyo prosecutors on Friday filed two new charges of financial misconduct against former Nissan chief Carlos Ghosn, meaning the auto tycoon is unlikely to be leaving his jail cell soon. Lawyers for the former jet-setting executive immediately said they would file a bail application, but have acknowledged that he will probably be detained until a trial. Ghosn denies any wrongdoing and argued […]

Ghosn makes first public appearance since shock arrest

by Hiroshi HIYAMA Agence France-Presse TOKYO, Japan (AFP) — Former Nissan boss Carlos Ghosn appeared in public Tuesday for the first time since his arrest in November rocked the business world, as he offers his side of the story in a high-profile court hearing. The 64-year-old auto industry titan attended a hearing at the Tokyo District Court where the judge was to explain the reasons for Ghosn’s continued detention on suspicion of financial misconduct. He […]

Ghosn set for court hearing in Japan over detention

by Miwa SUZUKI Agence France-Presse TOKYO, Japan (AFP) — Former Nissan Chairman Carlos Ghosn is likely to appear in a Japanese court next Tuesday to hear the reasons for his detention, after his lawyers deployed a little-used article of the Constitution. The shock move was the latest in a series of unexpected twists in a case that has gripped Japan and the business world since the once-revered auto tycoon was arrested on his private jet […]

Carlos Ghosn re-arrested over fresh allegations

by Kyoko HASEGAWA / Richard CARTER Agence France-Presse TOKYO, Japan (AFP) — Japanese prosecutors re-arrested former Nissan boss Carlos Ghosn over fresh allegations Friday, apparently dashing his hopes of being home for this coming holiday in the latest twist to a roller-coaster saga. The case of the once-revered 64-year-old tycoon has gripped Japan and the business world since he was arrested as he stepped off his private jet at Tokyo’s Haneda Airport on November 19. […]

Ex-Nissan chief Ghosn charged, served with fresh arrest warrant

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 […]

Nissan board meets to oust fallen tycoon Ghosn as chairman

  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. […]

Carlos Ghosn remains Renault CEO after arrest, with new deputy

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