Nissan records losses amid backdrop of Carlos Ghosn scandal February 13, 2020 Nissan has posted a net loss of 26.1 billion yen (£183.3m) in the third quarter of 2019. The company has cut its annual operating profit forecast by 43 per cent after global vehicle sales fell 11 per cent from October to December. This comes as it faces a changing car market and fallout from the [...]
Nissan to file £70m lawsuit against fugitive ex-chief Carlos Ghosn February 12, 2020 Nissan wants 10bn yen (£70m) in damages from its former boss Carlos Ghosn in relation to his alleged financial misconduct, Reuters has reported. The civil lawsuit filed to seek the sum follows Ghosn’s dramatic escape from Japan to Lebanon last December. The allegations the former Nissan chair faces, all of which he denies, include understating [...]
Coronavirus hits production at Nissan’s Japanese plants February 10, 2020 Nissan has announced that it will temporarily halt production at one of its factories in Japan due to the outbreak of the coronavirus. The decision will affect the Kyushu facility in southwest Japan and has been taken due to difficulties sourcing parts from China. This comes as the global automotive industry is facing a slowdown [...]
Renault chairman: ‘Real desire’ to make faltering Nissan alliance work January 16, 2020 Renault’s chairman has dismissed claims that the 20-year partnership between the French manufacturer and Nissan might be breaking down. Jean-Dominique Senard said today that there was a “real desire” at the alliance to make a success of it. This comes despite more than a year of turmoil caused by the arrest of its architect Carlos [...]
Carlos Ghosn claims French ambassador warned him in advance of ‘Nissan plot’ January 15, 2020 Former Nissan chairman Carlos Ghosn has claimed the French ambassador warned him just before his November 2018 arrest that his own company was plotting against him. “Frankly, I was shocked by the arrest and the first thing I asked is make sure Nissan knows so they can send me a lawyer,” Ghosn told Reuters in [...]
Carlos Ghosn warns the future of Nissan is ‘in doubt’ January 10, 2020 The former boss of Nissan, Carlos Ghosn, has said the future of the Japanese company is in doubt. Ousted chief Ghosn said the car firm’s struggling results and drop in share price were a concern, days after accusing Nissan executives and the Japanese government of plotting against him. He also said that if Brexit affected [...]
Nissan executives and Japanese officials hit back at Carlos Ghosn January 9, 2020 Former chief executive of Nissan and successor to Carlos Ghosn, Hiroto Saikawa, has slammed his former mentor’s daring escape from the authorities in Tokyo to his childhood home of Lebanon. Ghosn fled the country late last month while awaiting trial for four charges of financial misconduct. Read more: Carlos Ghosn lambasts Japanese government and Nissan [...]
Carlos Ghosn press conference live: Ghosn accuses Nissan and Japan of collusion January 8, 2020 Please manually refresh this page for our latest updates from Carlos Ghosn’s Beirut press conference. Carlos Ghosn’s sensational escape from the Japanese legal system at the end of December made him one of the world’s most sought-after international fugitives. Today, the former Nissan boss speaks to the world’s media, with a promise to dish the [...]
Arrest warrant for Carlos Ghosn’s wife issued in Japan January 7, 2020 Japanese prosecutors have obtained an arrest warrant for Carole Ghosn, wife of the former Nissan Chairman Carlos Ghosn, for alleged perjury. Prosecutors said in a statement on Tuesday they had obtained the warrant on suspicion Carole Ghosn had made false statements during testimony to the Tokyo district court in April. Read more: Going, going, Ghosn: [...]
Carlos Ghosn escape: Turkish jet firm says ex-Nissan boss used planes illegally January 3, 2020 A Turkish private jet firm said today that ex-Nissan boss Carlos Ghosn used two of its planes illegally to escape Japan, where he was awaiting trial for financial misconduct. MNG Jet said it had filed a criminal complaint over the incident, a day after Turkish police detained seven people, including four pilots, as part of [...]