Nissan-Renault

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Ex-Nissan Boss Jumps Bail, Somehow Flees Japan

'I have escaped injustice,' Ghosn says

(Newser) - Authorities in Japan might be regretting their decision to grant bail to former Nissan and Renault chief Carlos Ghosn earlier this year. He has fled the country and is now in Lebanon, which does not extradite its citizens, the Wall Street Journal reports. It's not clear how Ghosn managed...

At 'Extraordinary' Meeting, More Bad News for Ghosn

Nissan's fallen chairman is officially ousted from board by shareholders

(Newser) - Nissan shareholders approved on Monday the ouster from the Japanese automaker's board of former chairman Carlos Ghosn, who faces allegations of financial misconduct. The approval was shown by applause from the more than 4,000 people gathered at a Tokyo hotel for a three-hour extraordinary shareholders' meeting, the AP...

Ghosn Calls His Unusual Re-Arrest 'Outrageous'

Ex-Nissan boss is back behind bars

(Newser) - Former Nissan boss Carlos Ghosn is back in the Tokyo Detention Center after what legal experts say was a highly unusual re-arrest of somebody out on bail. Ghosn—who was released on $8.9 million bail almost a month ago after 108 days in custody—was detained Thursday on suspicion...

Ex-Nissan Boss Released on Breathtaking Bail Sum

Lawyer questions grounds for Ghosn arrest

(Newser) - The Tokyo District Court approved the release of former Nissan Chairman Carlos Ghosn on 1 billion yen—$8.9 million—bail on Tuesday, ending nearly four months of detention. The acceptance of Ghosn's request for bail, his third, came a day after one of his lawyers said he was...

Jailed Auto Boss Says Execs Plotted Against Him

Ghosn says he's a victim of 'treason'

(Newser) - Jailed former Nissan chairman Carlos Ghosn says he's the innocent victim of treacherous rivals at the company. In an interview with Nikkei Asian Review —his first since his Nov. 19 arrest—Ghosn said he is certain the financial misconduct charges against him are the result of "plot...

'One of World's Most Powerful Auto Bosses' Is Arrested

Nissan chair Carlos Ghosn to be removed over 'significant misconduct'

(Newser) - Nissan Motor Co. says it will move to oust chairman Carlos Ghosn after a months-long investigation uncovered "significant misconduct" including the under-reporting of his income by millions, reports the AP . The Japanese automaker says the probe was spurred by a whistleblower, and that the situation also allegedly involves Representative...

Volkswagen Has Been Kicked Out of No. 1 Auto Sales Spot

Renault-Nissan is the new king of the cars

(Newser) - Results are in for the first six months of worldwide car sales, and Volkswagen has been, as CNNMoney notes, "dethroned." The German carmaker came in with about 5,155,600 vehicles sold in the first half of the year, followed by Toyota at 5,129,000. But it...

Nissan Reveals Mass-Market Electric Car

LEAF will compete with EVs from GM, Mitsubishi

(Newser) - Nissan yesterday unveiled its entry into the electric-vehicle market, the Los Angeles Times reports. The LEAF is a five-seat compact that gets a top speed of 90 mph out of its lithium-ion batteries. The vehicle can go about 100 miles on a full charge, an attribute Nissan hopes will convince...

Foreign Bidders See Opportunity in Detroit Mess

As GM, Chrysler spin off units in their wake, the global auto landscape shifts

(Newser) - With Chrysler in bankruptcy and General Motors at the precipice, foreign companies are preparing bids for parts of the US auto industry, the Wall Street Journal reports. The result will be a broad global reshuffling as companies like Italy’s Fiat, France’s Renault, and even China’s Geely buy...

Chrysler Flirts With Nissan- Renault as GM Seeks Credit

Alliance would keep Detroit automaker intact, but expose Cerberus to more risk

(Newser) - Chrysler is considering joining Nissan-Renault, adding a North American arm to the Japanese-French auto alliance that could rescue Chrysler’s operations, the Wall Street Journal reports. Cerberus, Chrysler’s majority owner, prefers a merger with General Motors, but overlap with a Detroit competitor would likely eliminate half of Chrysler’s...

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