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Nissan reports heavy losses, to shut Barcelona plant

May 28, 2020 - 10:15 PM

Nissan logs a net loss of 671.2 billion yen ($6.2 billion) for the fiscal year ending March 2020, and announces it is closing its Barcelona plant that employs 3,000 people

The logo of Nissan is covered by smoke columns as employees burn tyres in front of the Japanese cars manufacturer's plant in Barcelona on May 28, 2020, to they protest against the factory closure. - Japanese carmaker Nissan has decided to shut its factory in Barcelona where 3,000 people are employed, the Spanish government said today. (Photo by LLUIS GENE / AFP)

Renault-Nissan-Mitsubishi deepen their alliance

May 27, 2020 - 8:45 PM

As the auto industry faces an existential crisis from the coronavirus pandemic, Renault, Nissan, and Mitsubishi pledge to work together to 'enhance efficiency and competitiveness'

ALLIANCE. A new logo showing Renault, Nissan, and Mitsubishi is pictured ahead of a press conference at the Nissan headquarters in Yokohama, Japan, on March 12, 2019. File photo by Behrouz Mehri/AFP

After Ghosn and coronavirus, Renault and Nissan weigh future

May 24, 2020 - 9:35 PM

The outlook for the Renault-Nissan alliance already looked bleak enough in 2019. Then along comes the coronavirus.

U.S. automakers to shut North American plants due to virus

Mar 19, 2020 - 7:00 PM

The 'Big Three' carmakers – General Motors, Fiat Chrysler, and Ford – will halt operations in North America through the end of March 2020

Workers leave FCA Chrysler Warren Truck Assembly after the Detroit three automakers have agreed to UAW demands to shut down all North America plants as a precaution against coronavirus, on March 18, 2020 in Detroit, Michigan. - This plant produces the Ram 1500 trucks. (Photo by JEFF KOWALSKY / AFP)

Renault files civil claim against Ghosn

Feb 25, 2020 - 3:10 PM

Renault says it reserves the right 'to solicit damages with interest,' as former boss Carlos Ghosn is accused of financial misconduct

DEFIANT. Former Renault-Nissan boss Carlos Ghosn vows to clear his name during a press conference in Beirut, Lebanon, on January 8, 2020. Photo by Joseph Eid/AFP

France steps up probe into Ghosn's Versailles wedding

Feb 20, 2020 - 7:30 AM

Former Nissan chairman Carlos Ghosn is suspected of wrongly obtaining use of the Palace of Versailles

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

Furious shareholders blast Nissan bosses

Feb 18, 2020 - 5:25 PM

Shareholders confront Nissan CEO Makoto Uchida on issues such as the slumping stock price and the pay of company executives

Nissan Motor president and CEO Makoto Uchida speaks during a press conference to announce the company's third quarter financial results at their headquarters in Yokohama on February 13, 2020. - Crisis-hit Japanese automaker Nissan said on February 23 its net profit plunged more than 87 percent for the nine months to December as it struggles with weak demand and fallout from the arrest of former boss Carlos Ghosn. (Photo by Behrouz MEHRI / AFP)

Nissan downgrades forecasts as 9-month net profit plunges

Feb 13, 2020 - 9:30 PM

'Let me express my sincere regrets to shareholders. The company results are weaker than expected,' says Nissan chief executive officer Makoto Uchida

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 files $90-million suit against Ghosn

Feb 12, 2020 - 8:00 PM

Nissan says the damages were calculated based on the cost to the firm of Carlos Ghosn's 'corrupt practices'

FUGITIVE. Carlos Ghosn addresses journalists on his reasons for dodging trial in Japan, where he is accused of financial misconduct, at the Lebanese Press Syndicate in Beirut on January 8, 2020. Photo by Joseph Eid/AFP

Ghosn escape proves fresh headache for ailing Nissan

Jan 10, 2020 - 5:40 PM

The Ghosn scandal has already cost Nissan dearly

Lebanon bans Ghosn from foreign travel

Jan 09, 2020 - 7:25 PM

(UPDATED) Ex-auto magnate Carlos Ghosn, who fled to Lebanon, is 'banned from traveling until his judicial file arrives from Japan'

Former Renault-Nissan boss Carlos Ghosn addresses a large crowd of journalists on his reasons for dodging trial in Japan, where he is accused of financial misconduct, at the Lebanese Press Syndicate in Beirut on January 8, 2020. - The 65-year-old fugitive auto tycoon vowed to clear his name as he made his first public appearance at a news conference in Beirut since skipping bail in Japan. Ghosn, who denies any wrongdoing, fled charges of financial misconduct including allegedly under-reporting his compensation to the tune of $85 million. (Photo by JOSEPH EID / AFP)

Defiant car magnate Ghosn hits back against Japanese 'plot'

Jan 08, 2020 - 9:51 PM

(UPDATED) Former Renault-Nissan boss Carlos Ghosn tells media in Lebanon he was 'presumed guilty' and had 'no choice' but to flee Japan

Former Renault-Nissan boss Carlos Ghosn addresses a large crowd of journalists on his reasons for dodging trial in Japan, where he is accused of financial misconduct, at the Lebanese Press Syndicate in Beirut on January 8, 2020. - The 65-year-old fugitive auto tycoon vowed to clear his name as he made his first public appearance at a news conference in Beirut since skipping bail in Japan. Ghosn, who denies any wrongdoing, fled charges of financial misconduct including allegedly under-reporting his compensation to the tune of $85 million. (Photo by JOSEPH EID / AFP)

Planes, trains, and boxes: Carlos Ghosn's audacious escape

Jan 08, 2020 - 10:44 AM

Carlos Ghosn's escape from Japan, where he was awaiting trial, is worthy of a Hollywood plot

Former Nissan chairman Carlos Ghosn leaves his lawyers' offices after he was released earlier in the day from a detention centre after posting bail in Tokyo on March 6, 2019. - Ghosn posted bail of 1 billion yen (9 million USD) in cash on March 6, paving the way for his release from the Tokyo detention centre after more than three months in custody. (Photo by Kazuhiro NOGI / AFP)

Tokyo prosecutors obtain arrest warrant for Ghosn's wife

Jan 07, 2020 - 10:04 PM

Carlos Ghosn's wife Carole, 53, is now believed to be in Lebanon with her husband

ARREST WARRANT. This file photo taken on April 3, 2019 shows former Nissan chairman Carlos Ghosn (L) and his wife Carole (R) leaving the office of his lawyer in Tokyo. File photo by Kazuhiro Nogi/AFP

Carlos Ghosn's escape: What we know

Jan 03, 2020 - 7:27 AM

Here's what we know about the former Renault-Nissan boss's escape

FLEE. In this file photo taken on April 3, 2019 Former Nissan Chairman Carlos Ghosn and his wife Carole (right) leave the office of his lawyer in Tokyo. Photo by Kazuhiro Nogi/AFP

Japan raid, Turkey arrests in widening Ghosn probe

Jan 02, 2020 - 7:22 PM

Colorful rumors abound regarding the exact circumstances of Carlos Ghosn's daring escape

RAID. Japanese prosecutors carry bags as they leave the residence of former auto tycoon Carlos Ghosn on January 2, 2020, after Ghosn fled Japan to avoid a trial. Photo by STR/Jiji Press/AFP

Japan media blasts 'cowardly' Ghosn after escape

Jan 01, 2020 - 3:19 PM

By leaving the country, Ghosn has 'lost the opportunity to prove his innocence and vindicate his honor,' says the Yomiuri Shimbun

RUNAWAY. 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. Photo by Patricia De Melo Moreira/AFP

Ghosn's escape leaves Japan red-faced

Dec 31, 2019 - 4:51 PM

'Was there help extended by an unnamed country? It is also a serious problem that Japan's system allowed an illegal departure so easily,' says lawmaker Masahisa Sato

ABRUPT DEPARTURE. In this file photo, 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 confirms he is in Lebanon, blasts 'rigged Japanese justice system'

Dec 31, 2019 - 2:55 PM

'I am now in Lebanon and will no longer be held hostage by a rigged Japanese justice system where guilt is presumed, discrimination is rampant, and basic human rights are denied,' says the tycoon in a statement.

FLEES INJUSTICE. In this file photo taken on September 15, 2017 then Renault-Nissan Chairman and CEO Carlos Ghosn gestures as he addresses a press conference in Paris. Photo by Eric Piermont/AFP

Renault-Nissan alliance in flux a year after Ghosn shock

Nov 17, 2019 - 10:00 PM

One year since the arrest of automobile executive Carlos Ghosn, how is the alliance between Renault and Nissan?

A new logo showing Renault, Nissan and Mitsubishi is pictured ahead of a press conference at the Nissan headquarters in Yokohama, Kanagawa prefecture on March 12, 2019. (Photo by Behrouz MEHRI / AFP)

One year after arrest, Ghosn seeks to throw out case against him

Nov 17, 2019 - 6:39 PM

Legal experts and even the ex-Nissan chief's defense lawyer are doubtful of his chances

EMBATTLED. 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

Crisis-hit Nissan chops forecasts, net profit worst for a decade

Nov 12, 2019 - 6:07 PM

Nissan blames the poor outlook on weak first-half earnings, a strong yen, an uncertain global outlook, and the stagnation of the car industry in general

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

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