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Nissan’s former chairman Carlos Ghosn indicted on breach-of-trust charges in Japan, the most serious allegations yet against him

Carlos Ghosn was indicted on new breach of trust charges, Japanese broadcaster TBS and Kyodo News said, the most serious allegations yet against the former chairman of Nissan Motor.The new, third round of charges will keep Ghosn detained for longer as Japanese prosecutors pursue their case against the former global auto executive. Ghosn briefly won his freedom on bail in March, but was arrested and jailed again on new allegations of sending million of dollars from Nissan money to accounts he… Source link

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Japanese carmaker Nissan’s China growth strategy will remain unchanged in post-Carlos Ghosn era

Nissan Motor expects China’s car market to recover in the second half, as the Japanese carmaker moves on from the scandal surrounding former chairman Carlos Ghosn.Makoto Uchida, senior vice-president of Nissan, said Beijing’s efforts to support the industry, such as subsidies and tax incentives, would effectively result in a turnaround.Uchida said Nissan will not change its China strategy despite the Ghosn distraction and plans to leverage its research and development capability in the country… Source link

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Nissan’s former chairman Carlos Ghosn claims innocence in the first appearance since his November arrest

Ousted Nissan Motor Chairman Carlos Ghosn declared his innocence in his first public appearance since his arrest in November, telling a Tokyo court on Tuesday that he was wrongly accused of financial misconduct. “I have been wrongly accused and unfairly detained based on meritless and unsubstantiated accusations,” Ghosn told the Tokyo District Court. He spoke clearly, though he looked thinner with sunken cheeks and his dark hair showing grey roots. “Contrary to the accusations made by the prosecutors, I never received any compensation from Nissan that was not disclosed, nor…

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A statement by Nissan’s former chairman Carlos Ghosn, in his own defence against charges of breach of trust in Tokyo court

The following are prepared remarks by Carlos Ghosn, ex-chairman of Nissan Motor, for his court appearance in Tokyo on Tuesday regarding allegations against him of aggravated breach of trust. The statement was released by Ghosn’s lawyers in the United States. Statement of Carlos Ghosn: Your Honour, I am grateful to finally have the opportunity to speak publicly. I look forward to beginning the process of defending myself against the accusations that have been made against me. First, let me say that I have a genuine love and appreciation for Nissan.…

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Nissan’s old guard struck back against their ‘gaijin’ saviour, and Japan Inc may be the worse for it

The Empire has struck back. Japan Inc and Nissan Motor last week struck back against the French government, carmaker Renault and Carlos Ghosn. The narrative spun by Nissan and apparently condoned by Japanese authorities is that the former high-flying head of the Nissan-Renault-Mitsubishi Motor alliance abused his position to enrich himself. The truth appears to be rather different and it seems certain to come out as “L’Affaire Ghosn” unfolds. It threatens to do at least as much damage to the reputation of the government and industry alliance known as Japan…

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