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 [...]
Going, going, Ghosn: Ex-Nissan boss flees Japanese justice system to Lebanon December 31, 2019 Carlos Ghosn has fled what he described as “injustice and political persecution” in Japan to Lebanon, months before the ousted Nissan boss was due to stand trial over alleged financial misconduct. Ghosn’s abrupt departure from Japan for his native Lebanon, in breach of his strict bail conditions, marks the latest dramatic twist in a saga [...]
Nissan faces £17m fine for Carlos Ghosn scandal, says Japanese watchdog December 10, 2019 The scandal engulfing Nissan over its disgraced former chairman Carlos Ghosn has brought the car maker a fine worth £17.1m from Japan’s markets watchdog. Nissan’s penalty is the second-largest ever in Japan for false financial reporting, and has been imposed for understating Ghosn’s pay, after he was arrested in dramatic circumstances in November last year [...]
No-deal Brexit tariffs would jeopardise our Europe business model, says Nissan October 10, 2019 Tariffs introduced in the wake of a no-deal Brexit would make Nissan’s business model in Europe unsustainable and put the future of its Sunderland plant in jeopardy, the carmaker has warned. Nissan’s European chairman, Gianluca de Ficchy, said the imposition of WTO tariffs of 10 per cent on vehicles would threaten “the entire business model [...]
Road to recovery? Nissan appoints Makoto Uchida as CEO to turn around stricken car maker after Ghosn scandal October 8, 2019 Nissan has named the head of its Chinese operation, Makoto Uchida, as its new chief executive, as the firm tries to put the brakes on more than a year of chaos at the firm. The 53-year-old Japanese executive has the task of turning around the stricken car maker, which has become ensnared in a combination [...]
Jobs at risk after no-deal Brexit as Nissan may pull SUV production from Sunderland plant October 1, 2019 Autoworkers in Sunderland were left worried earlier today after reports that Nissan could pull the production of its Qashqai SUV from the city if Britain leaves the European Union without a deal in place. The plant, a backbone in the local economy which supports thousands of jobs, could lose the vital contract, potentially leading to [...]
The problems caused by superstar CEOs September 12, 2019 Earlier this year, a new chapter unfurled in the sad saga of former automotive industry leader Carlos Ghosn, when Japanese prosecutors arrested the embattled former chairman of Nissan and Renault for the fourth time since November 2018. Ghosn has been under house arrest since April, awaiting trial. He faces charges that he understated his income [...]
Consumer group calls on car manufacturers to recall faulty models September 10, 2019 Some of the UK’s most popular car models are among the least reliable and could leave motorists facing mechanical failures and potentially high repair bills, new research has found. Consumer rights group Which said it has uncovered “inherent flaws” in some vehicles made by carmakers including Nissan, Seat, and Tesla, and called on manufacturers to [...]
Nissan crisis: Chief resigns after year of scandal and financial turmoil September 9, 2019 The crisis at Japanese automotive giant Nissan deepened today, after chief executive Hiroto Saikawa was asked to quit by the company’s board. In a sometimes heated late night press conference in Japan, board members confirmed that Saikawa, who had already expressed a desire to leave the top job, would step down. Read more: Nissan chief [...]
Nissan chief ‘tells executives he plans to resign’ after torrid year September 8, 2019 Nissan boss Hiroto Saikawa is believed to have told executives that he plans to resign from the top job at the troubled Japanese car maker. Board members are already scheduled to meet early on Monday morning, where they will likely discuss finding a new Nissan boss. They are said to have already drawn up a [...]