nissan - updates

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Renault ousts CEO Bollore, hoping to close out Ghosn era

Oct 11, 2019 - 7:56 PM

In a terse statement, Renault gives no reason for Thierry Bollore's ouster, 9 months after he was named to follow Carlos Ghosn

RENAULT. In this file photo, then CEO of French carmaker Renault Thierry Bollore speaks during a press day at the IAA Car Show in Frankfurt, on September 10, 2019. File photo by Tobias Schwarz/AFP

New Nissan CEO brings global outlook but faces uphill task

Oct 10, 2019 - 1:45 PM

Described as a 'citizen of the world,' new Nissan CEO Makoto Uchida is even reported to have conducted negotiations in Filipino with traders in the Philippines while working at Nissho Iwai

Crisis-hit Nissan names China unit head Makoto Uchida as new CEO

Oct 08, 2019 - 9:20 PM

Nissan executives say Makoto Uchida, who has been with the firm since 2003, 'is the right leader to drive the firm forward'

This undated handout photo released by Nissan Motor Corporation on October 8, 2019 shows Makoto Uchida. - Crisis-hit Japanese automaker Nissan on October 8 named Makoto Uchida its new chief executive, elevating the insider currently heading its China unit as it overhauls its leadership after the Carlos Ghosn scandal. (Photo by Handout / Nissan Motor Corporation / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / NISSAN MOTOR CORPORATION" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS ==

U.S. SEC charges Nissan, ex-CEO Ghosn with hiding $140 million from investors

Sep 24, 2019 - 12:12 AM

Former CEO Carlos Ghosn will pay $1 million in fines to settle the matter without admitting wrongdoing, and will be barred from serving as a corporate executive for 10 years. Nissan will pay a $15 million fine.

CARLOS GHOSN. Former Nissan chairman Carlos Ghosn (C) is escorted as he walks out of the Tokyo Detention House following his release on bail in Tokyo on April 25, 2019. File photo by Behrouz Mehri/AFP

Nissan CEO Saikawa admits receiving excess pay

Sep 05, 2019 - 10:55 AM

(UPDATED) But Hiroto Saikawa denies wrongdoing and says he will return the excess payments

Nissan Motors president and CEO Hiroto Saikawa answers a question during a press conference to announce first quarter financial results at the company headquarters in Yokohama on July 25, 2019. - Crisis-hit Japanese automaker Nissan said its net profit plunged nearly 95 percent in the first quarter due to slumping sales and growing costs. (Photo by TOSHIFUMI KITAMURA / AFP)

Nissan quarterly net profit plunges, 12,500 job cuts planned

Jul 25, 2019 - 3:43 PM

Nissan says net profit slumped nearly 95% in the April-June quarter due to falling sales and growing costs

NISSAN TROUBLES. Nissan Motors president and CEO Hiroto Saikawa speaks during a press conference to announce the company's first quarter financial results at its headquarters in Yokohama on July 25, 2019. Photo by Toshifumi Kitamura/AFP

Nissan confirms profit plunge as job cuts reported

Jul 24, 2019 - 6:15 PM

A day before it announces first quarter results, Nissan confirms that it will report a plunge in operating profit, but declines comment on news it plans to cut thousands of jobs

NISSAN. This file photo shows a man walking in front of the logo of Japan's Nissan Motor Corporation at its global headquarters in Yokohama, Kanagawa prefecture. File photo by Kazuhiro Nogi/AFP

Nissan to cut over 10,000 jobs worldwide – reports

Jul 24, 2019 - 4:20 PM

Japanese media, citing Nissan sources, report that the company will slash thousands of jobs across the globe

Nissan shareholders approve post-Ghosn governance overhaul

Jun 25, 2019 - 6:32 PM

Nissan CEO Hiroto Saikawa assures shareholders he will protect the independence of Nissan, part of a three-way alliance with Renault and Japan's Mitsubishi Motors

Wife of ex-Nissan boss Ghosn seeks Trump help

Jun 17, 2019 - 6:22 PM

'I'd like President Trump to speak to Prime Minister (Shinzo) Abe about fair conditions, fair trial conditions, and to let me speak to my husband – and also to respect this presumption of innocence until proven guilty,' says Carole Ghosn

CARLOS AND CAROLE GHOSN. This picture taken on April 3, 2019 shows former Nissan Chairman Carlos Ghosn (L) and his wife Carole (L) leave the office of his lawyer Junichiro Hironaka in Tokyo. File photo by Kazuhiro Nogi/AFP

Renault vows 'fresh start' for alliance with Nissan

Jun 12, 2019 - 11:53 PM

'There can be no success for Renault without the success of the alliance,' says Renault chairman Jean-Dominique Senard

ALLIANCE. In this file photo taken on March 12, 2019 Nissan Motors president and CEO Hiroto Saikawa (R) looks at Renault chairman Jean-Dominique Senard (L) during a press conference at the Nissan headquarters in Yokohama, Kanagawa prefecture. File photo by Behrouz Mehri/AFP

Renault warns Nissan it will block governance reshuffle

Jun 10, 2019 - 10:17 PM

(UPDATED) Renault reportedly fears the overhaul will reduce its influence in Nissan, and ties between the partners have already frayed since Carlos Ghosn's arrest and skepticism at the Japanese automaker

Renault to bring case against Ghosn over expenses

Jun 05, 2019 - 6:20 PM

Renault and Nissan discover 11 million euros ($12 million) of questionable expenses at their Dutch subsidiary RNBV, linked to Carlos Ghosn

CARLOS GHOSN. Former Nissan Chairman Carlos Ghosn leaves the office of his lawyer Junichiro Hironaka in Tokyo on April 3, 2019. File photo by Kazuhiro Nogi/AFP

Lawyer for Ghosn slams 'outrageous' rules on seeing wife

May 22, 2019 - 3:48 PM

The tough terms of his bail mean Carlos Ghosn needs court permission to visit his wife Carole, whom prosecutors believe has made contact with people involved in the case against the tycoon

TAKASHI TAKANO. Takashi Takano, one of the lawyers of former Nissan chairman Carlos Ghosn, talks during an interview with AFP at his office in Tokyo on May 21, 2019. Photo by Charly Triballeau/AFP

Crisis-hit Nissan shakes up board, keeps boss

May 17, 2019 - 4:11 PM

The firm will propose to shareholders a new board structure with 11 members, 6 of whom will be external, as Nissan attempts to improve corporate governance in the wake of ex-chairman Carlos Ghosn's arrest for alleged financial misconduct

RENAULT-NISSAN. In this file photo taken on March 12, 2019 Nissan Motors president and CEO Hiroto Saikawa (R) looks at Renault chairman Jean-Dominique Senard (L) during a press conference at the Nissan headquarters in Yokohama, Kanagawa prefecture. Photo by Behrouz Mehri/AFP

Ghosn wins bail in Japan but banned from seeing wife

Apr 25, 2019 - 5:21 PM

(UPDATED) Under the conditions of his bail, Carlos Ghosn must stay in Japan and must live in a court-appointed residence with cameras to monitor his movements amid fears he might try to destroy evidence

BAIL. In this file photo, former Nissan chairman Carlos Ghosn leaves his lawyers' offices after he was released earlier in the day from a detention center after posting bail in Tokyo on March 6, 2019. File photo by Kazuhiro Nogi/AFP

Ghosn to be indicted on fresh charge – media

Apr 19, 2019 - 6:32 PM

According to sources, Tokyo prosecutors will indict the former auto tycoon on suspicion that he had used the money from Nissan for his personal investments into 30 companies

Japan Supreme Court rejects Ghosn appeal

Apr 13, 2019 - 10:35 PM

The court slapped down the appeal without explaining the ruling, according to media reports

APPEAL JUNKED. In this file photo, former Nissan chairman Carlos Ghosn leaves his lawyers' offices after he was released earlier in the day from a detention center after posting bail in Tokyo on March 6, 2019. Photo by Kazuhiro Nogi/AFP

Japan court says Carlos Ghosn detention extended until April 22

Apr 12, 2019 - 3:46 PM

The 65-year-old will be held in custody at a detention center in Tokyo until April 22, whereupon authorities will either have to press formal charges, release him or re-arrest him if they feel he has other accusations to answer

CARLOS GHOSN. This screen grab from handout video released on April 9, 2019 by representatives of former Nissan chief Carlos Ghosn shows him speaking in a video message recorded on April 3 before his rearrest earlier this month in Tokyo. Handout photo by representatives for Carlos Ghosn/AFP

Ghosn accuses Nissan executives of 'backstabbing' plot

Apr 09, 2019 - 3:38 PM

In the brief video, played by his lawyers at a press conference, Carlos Ghosn denounces a 'conspiracy' against him and says events had been 'twisted in a way to paint a personage of greed, a personage of dictatorship'

CARLOS GHOSN. This screen grab from handout video released on April 9, 2019 by representatives of former Nissan chief Carlos Ghosn shows Ghosn speaking in a video message recorded on April 3 before his rearrest earlier this month in Tokyo. Handout photo by Representatives for Carlos Ghosn/AFP

Nissan shareholders sack ex-chief Ghosn

Apr 08, 2019 - 2:28 PM

Nissan sacks Ghosn as chairman almost immediately after his initial arrest but an extraordinary meeting of shareholders is required to remove him from the board

CARLOS GHOSN. Former Nissan Chairman Carlos Ghosn leaves the office of his lawyer Junichiro Hironaka in Tokyo on April 3, 2019. File photo by Kazuhiro Nogi/AFP

Ghosn to name names as wife flees Tokyo

Apr 07, 2019 - 11:00 PM

The wife of ex-Nissan boss Carlos Ghosn says he will name 'the people responsible for what has happened to him'

This picture taken on April 3, 2019 shows former Nissan Chairman Carlos Ghosn (2nd L) and his wife Carole (R) leave the office of his lawyer Junichiro Hironaka in Tokyo. - Former Nissan boss Carlos Ghosn will remain in custody until at least April 14, a Japanese court ruled on April 5, 2019, as prosecutors quiz him over fresh allegations of financial misconduct. (Photo by Kazuhiro NOGI / AFP)

Ex-Nissan chief Ghosn rearrested in Tokyo

Apr 04, 2019 - 7:56 AM

(UPDATED) Public broadcaster NHK and other media say prosecutors had entered Ghosn's temporary accommodation in central Tokyo early Thursday morning and that he left with them by car shortly afterwards

REARRESTED. Former Nissan Chairman Carlos Ghosn leaves the office of his lawyer Junichiro Hironaka in Tokyo on April 3, 2019. Photo by  Kazuhiro NOGI/AFP

Ghosn tweets press conference as authorities 'mull fresh charge'

Apr 03, 2019 - 2:47 PM

(UPDATED) Japanese media report authorities are probing a possible aggravated breach of trust charge related to at least $32 million in Nissan funds transferred to a distributor in Oman

ANOTHER CASE. This file photo taken on September 15, 2017 shows then-Renault-Nissan chairman and CEO Carlos Ghosn gesturing as he addresses a press conference in Paris. Photo by ERIC PIERMONT/AFP

Nissan urged to shake up governance after Ghosn arrest

Mar 27, 2019 - 9:18 PM

'I think it's a bold proposal to remove the chairman's position' which exists in many Japanese companies, says Sadayuki Sakakibara, co-chairman of the advisory committee

NISSAN. Seiichiro Nishioka (L) and Sadayuki Sakakibara (R), co-chairs for Nissan's special committee for improving governance, attend a Nissan Motor press conference in Yokohama on March 27, 2019. Photo by Charly Triballeau/AFP

Renault, Nissan, Mitsubishi unveil new joint board post-Ghosn

Mar 12, 2019 - 5:20 PM

'We have decided to join our forces again, to enhance the strength of our collaboration,' says Renault Chairman Jean-Dominique Senard

JOINT BOARD. Nissan Motors president and CEO Hiroto Saikawa (C), Renault chairman Jean-Dominique Senard (L) and Mitsubishi Motors chairman and CEO Osamu Masuko (R) take their seats at the start of a press conference at the Nissan headquarters in Yokohama, Kanagawa prefecture on March 12, 2019. Photo by Behrouz Mehri/AFP

Court bars Ghosn from attending Nissan board meeting

Mar 11, 2019 - 4:36 PM

Carlos Ghosn cannot be officially removed from his seat on the Nissan board without an extraordinary shareholders' meeting – expected to occur on April 8

BARRED FROM NISSAN MEETING. In this file photo taken on May 12, 2011, Carlos Ghosn speaks at a news conference to announce the company's fiscal year 2010 earnings in Yokohama. File photo by Kazuhiro Nogi/AFP

Ghosn out on bail after more than 100 days

Mar 06, 2019 - 6:50 PM

Former Nissan chief Carlos Ghosn leaves the detention center in northern Tokyo flanked by guards, wearing a blue cap, a white medical face mask, and a work jacket with orange reflective stripes

ON BAIL. Former Nissan chairman Carlos Ghosn leaves the Tokyo Detention House following his release on bail in Tokyo on March 6, 2019. Photo by Jiji Press/AFP

Ex-Nissan chief Carlos Ghosn makes fresh bail request

Feb 28, 2019 - 6:27 PM

It is the first bail request filed by the 64-year-old since he shook up his legal team as he crafts his defense to 3 charges of financial misconduct

BAIL REQUEST. This file photo taken on September 15, 2017 shows then-Renault-Nissan chairman and CEO Carlos Ghosn gesturing as he addresses a press conference in Paris. File photo by Eric Piermont/AFP

Ghosn held $260,000 Rio party billed to Renault-Nissan, documents show

Feb 21, 2019 - 6:39 PM

According to documents seen by AFP, Carlos Ghosn invited 8 couples to watch the Carnival parade in Rio de Janeiro in February 2018 from a beach-side luxury hotel

GHOSN. News of the party is the latest evidence of Carlos Ghosn's expensive lifestyle to emerge. File photo by Jiji Press/AFP

Ghosn case a chance to 'mend' Japan's justice system – lawyer

Feb 21, 2019 - 10:42 AM

Junichiro Hironaka, Carlos Ghosn's new lawyer, says: 'Since it's turning out to be an international issue, I think it's an opportunity to mend the system to global standards'

TOP-CALIBER. Junichiro Hironaka, new lawyer of former Nissan chief Carlos Ghosn, speaks with the media outside his office building in Tokyo on February 13, 2019. Photo by Behrouz Mehri/AFP

Renault ends Ghosn era with Nissan-induced profits plunge

Feb 15, 2019 - 11:20 AM

Renault's new chairman Jean-Dominique Senard is in Japan for talks with Nissan, hoping to smooth relations which grew strained under Carlos Ghosn's leadership

(FILES) In this file photo taken on November 8, 2016, Renault-Nissan Alliance chief executive Carlos Ghosn poses for a portrait after an interview at the Web Summit at Parque das Nacoes in Lisbon. - The case of auto tycoon Carlos Ghosn has gripped Japan and the business world since his stunning arrest in November 2018, and now he is finally getting his day in court. Ghosn will be able to make his first public statement at a brief hearing on January 8, 2019 after his lawyers used an obscure article of the Constitution to demand an explanation for his ongoing detention. (Photo by Patricia De Melo MOREIRA / AFP)

Renault blocks payouts to Ghosn as he shuffles legal team

Feb 14, 2019 - 1:45 AM

Detained former boss Carlos Ghosn will not be getting payouts worth 10 million euros

READY TO PAY. Ghosn's lawyer says the former Renault boss is ready to pay the Palace of Versailles for a wedding party held there in 2016. File photo by Eric Feferberg/AFP

Nissan cuts forecast in first earnings since Ghosn arrest

Feb 12, 2019 - 6:15 PM

The Japanese car manufacturer downgrades its net profit forecast for the fiscal year from 500 billion yen to 410 billion yen

Nissan president and CEO Hiroto Saikawa speaks during the company's financial results press conference at its headquarters in Yokohama on February 12, 2019. (Photo by TOSHIFUMI KITAMURA / AFP)

Renault denounces Nissan over Ghosn investigation – report

Feb 10, 2019 - 4:03 PM

Lawyers for French carmaker Renault say they have 'serious concerns about the methods used' by Nissan and its legal team

UNSATISFIED. This file photo shows a man walking in front of the logo of Japan's Nissan Motor Corporation at its global headquarters in Yokohama, Kanagawa prefecture. Photo by Kazuhiro Nogi/AFP

Ex-Renault CEO Ghosn ready to pay Versailles wedding bill – lawyer

Feb 09, 2019 - 9:04 AM

Ghosn says he is ready to pay the fee, but was not aware that he owed it because he hasn't been billed

(FILES) In this file photo taken on April 29, 2005 then-Nissan's chief executive Carlos Ghosn gestures during the Renault general assembly in Paris. - A Tokyo court on January 15, 2019 rejected a request for bail for ex-Nissan chief Carlos Ghosn, who faces three charges of financial misconduct and has been detained since November. (Photo by Eric Feferberg / AFP)

Ghosn under scrutiny over 50,000-euro wedding bill

Feb 07, 2019 - 9:29 PM

The latest charges involve Carlos Ghosn's lavish second marriage at the Chateau de Versailles outside Paris in October 2016

GHOSN. This file photo taken on January 6, 2015 shows then president and CEO of Japan's auto company Nissan Carlos Ghosn during a press conference in Rio de Janeiro. File photo by Yasuyoshi Chiba/AFP

Nissan taps new Renault boss to replace Ghosn on board

Feb 05, 2019 - 7:37 PM

The decision to turn over Carlos Ghosn's board seat to Jean-Dominique Senard must still be ratified by shareholders, and the company says it has set an April 8 date for an extraordinary shareholders' meeting

NEW LEADERS. French carmaker Renault's newly appointed board chairman Jean-Dominique Senard (L) delivers a speech next to new chief executive Thierry Bollore during a press conference at the headquarters of the French car manufacturer Renault in Boulogne Billancourt, near Paris on January 24, 2019. File photo by Eric Piermont/AFP

Nissan cancels investment plan for UK plant

Feb 03, 2019 - 10:50 PM

The car manufacturer scraps plans to build the X-Trail at its plant in Sunderland, England

(FILES) In this file photo taken on November 12, 2014 Check and Repair' members of Nissan's manufacturing staff work in the 'Trim and Chassis' section of their Sunderland Plant in Sunderland, North East England on November 12, 2014. - Japanese car manufacturer Nissan announced on February 3, 2019 it was cancelling plans to build its X-Trail SUV at its plant in northeast England despite Brexit assurances from the government. (Photo by OLI SCARFF / AFP)

Carlos Ghosn: Bail refusal 'would not be normal in any other democracy'

Jan 31, 2019 - 4:38 PM

'Why am I being punished before being found guilty?' Ghosn asks during his first interview with foreign media since his November 19 arrest

DETENTION. Pedestrians look at a television screen showing a news program featuring former Nissan chief Carlos Ghosn in Tokyo on December 21, 2018. Photo by Kazuhiro Nogi/AFP

Renault plays safe with French successors to Ghosn

Jan 24, 2019 - 9:53 PM

Renault names Thierry Bollore and Jean-Dominique Senard to take over the CEO and chairman jobs

NEW LEADERS. French carmaker Renault's newly appointed board chairman Jean-Dominique Senard (L) delivers a speech next to new chief executive Thierry Bollore during a press conference at the headquarters of the French car manufacturer Renault in Boulogne Billancourt, near Paris on January 24, 2019. Photo by Eric Piermont/AFP

Ghosn resigns as Renault boss, French group enters new era

Jan 24, 2019 - 6:49 PM

A senior director from the firm 'received last night the letter of resignation from Carlos Ghosn,' says French Finance Minister Bruno Le Maire

Renault board to replace Ghosn on January 24

Jan 22, 2019 - 9:33 PM

Renault, part of a powerful alliance with Japanese carmakers Nissan and Mitsubishi, has officially declined to comment on Carlos Ghosn's replacement

GHOSN. In this file photo taken on November 8, 2016, Renault-Nissan Alliance chief executive Carlos Ghosn poses for a portrait after an interview at the Web Summit at Parque das Nacoes in Lisbon. File photo by Patricia De Melo Moreira/AFP

France pushes Japan to accept Renault-Nissan merger – reports

Jan 20, 2019 - 6:04 PM

The French government is the biggest shareholder in Renault with a stake of more than 15%, while Renault owns 43.4% of Japanese carmaker Nissan with voting rights

FILES) In this file photo taken on October 20, 2016 Nissan Motors chairman and CEO Carlos Ghosn answers a question during a joint press conference in Tokyo. Executives at Japanese car firm Mitsubishi Motors on November 26, 2018 decided to sack Carlos Ghosn as chairman as the once-revered tycoon faces allegations of financial misconduct that sparked his shock arrest. TOSHIFUMI KITAMURA / AFP

Ghosn received 8M euro in 'improper' payments – Nissan

Jan 18, 2019 - 3:34 PM

'Nissan views the payments Ghosn received from [Nissan-Mitsubishi B.V.] to be the result of misconduct and will consider measures to recover from Ghosn the full sum,' the firm says in a statement

GHOSN. In this file photo taken on April 29, 2005 then-Nissan's chief executive Carlos Ghosn gestures during the Renault general assembly in Paris. File photo by Eric Feferberg/AFP

Ghosn appeals against Japan bail rejection

Jan 17, 2019 - 3:34 PM

If his appeal for bail is denied, Carlos Ghosn, the former Nissan boss, is likely to be kept behind bars until a trial – which could take 6 months

APPEALS. In this file photo taken on January 6, 2015 then President and CEO of Japan's auto company Nissan Carlos Ghosn during a press conference in Rio de Janeiro. Photo by Yasuyoshi Chiba/AFP

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

Jan 15, 2019 - 8:41 PM

The decision means the 64-year-old auto tycoon is likely to stay in custody until his trial, which even his own defense lawyer admits could take 6 months to begin

In this file photo taken on April 29, 2005 then-Nissan's chief executive Carlos Ghosn gestures during the Renault general assembly in Paris. A Tokyo court on January 15, 2019 rejected a request for bail for ex-Nissan chief Carlos Ghosn, who faces three charges of financial misconduct and has been detained since November. Eric Feferberg / AFP

Ghosn hit with more charges, release unlikely

Jan 11, 2019 - 2:01 PM

Lawyers for the former jet-setting executive immediately say they will file a bail application, but have acknowledged that he will probably be detained until a trial

NEW CHARGES. In this file photo taken on November 1, 2013, Japan's auto giant Nissan Motor president Carlos Ghosn announces the company's first half financial result ended September at the company's headquarters in Yokohama, suburban Tokyo. File photo by Jiji Press/AFP

Japan court rejects Ghosn release bid

Jan 09, 2019 - 3:43 PM

Carlos Ghosn stands accused of underreporting his income in documents to investors, apparently in response to criticism that he earned too much

GHOSN. In this file photo taken on November 8, 2016, Renault-Nissan Alliance chief executive Carlos Ghosn poses for a portrait after an interview at the Web Summit at Parque das Nacoes in Lisbon. File photo by Patricia De Melo Moreira/AFP

'Unfairly detained': Ex-Nissan boss Ghosn protests innocence

Jan 08, 2019 - 10:01 AM

(3rd UPDATE) Entering the court handcuffed and with a rope around his waist, the once-revered titan of the auto industry mounts a passionate defense against a string of financial misconduct allegations

DETENTION. Pedestrians look at a television screen showing a news program featuring former Nissan chief Carlos Ghosn in Tokyo on December 21, 2018. File photo by Kazuhiro Nogi/AFP