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French police raid Renault HQ over Ghosn wedding probe

Jul 03, 2019 - 9:08 PM

A Renault spokesman confirms the search is under way and says the company is 'fully cooperating with the authorities'

RENAULT. A photo taken on November 19, 2018 shows the headquarters of the Renault car manufacturer in Boulogne Billancourt, outside Paris. File photo by Eric Piermont/AFP

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

Renault and French gov't trade blame over failed Fiat deal

Jun 13, 2019 - 11:03 PM

'We did not derail the wedding between Renault and Fiat,' says French Finance Minister Bruno Le Maire

FAILED DEAL. In this file photo,  French Economy Minister Bruno Le Maire sits next to head of French Parliament Finance Commission, Eric Woerth (R), before a hearing by the committee on finance, economy and budgetary control at the Palais Bourbon in Paris on September 27, 2017.  File photo by Philippe Lopez/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

Fiat Chrysler slams brakes on Renault merger offer

Jun 06, 2019 - 5:25 PM

(UPDATED) 'It has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully,' says Fiat Chrysler, as it withdraws its Renault proposal

(FILES) In this file photo taken on May 27, 2019 shows the logos of Italian-US carmaker Fiat Chrysler Automobiles (FCA) and French auto maker Renault. - Carmaker Fiat Chrysler withdrew an offer to merge with Renault on June 5, 2019, after the French auto company postponed its decision on the project, two sources close to the negotiations told AFP. (Photo by MARCO BERTORELLO / AFP)

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

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

Japan court extends Ghosn detention until April 14

Apr 05, 2019 - 2:14 PM

A statement from the Tokyo District Court says it accepts a request from prosecutors to detain the 65-year-old auto tycoon for a further 10-day period that can subsequently be extended once more

Junichiro Hironaka (R) and Sho Kosasa (L), lawyers for former Nissan chief Carlos Ghosn, attend a press conference in Tokyo on April 4, 2019. Former Nissan chief Carlos Ghosn was rearrested early on April 4 in Tokyo on fresh financial misconduct allegations, with the auto tycoon slamming his detention as "outrageous and arbitrary". CHARLY TRIBALLEAU / 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

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

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

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

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

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 set for court hearing in Japan over detention

Jan 04, 2019 - 9:07 PM

Article 34 of Japan's Constitution stipulates that 'no person shall be arrested or detained without being at once informed of the charges against him or without the immediate privilege of counsel.'

Men walk past a screen showing a news programme featuring Nissan chairman Carlos Ghosn in Tokyo on November 20, 2018. Nissan and Mitsubishi shares plunged on November 20, as the automakers prepared to oust chairman Carlos Ghosn a day after he was arrested for alleged financial misconduct. Toshifumi KITAMURA / AFP

Ghosn could win bail as court quashes bid to extend detention

Dec 20, 2018 - 1:02 PM

(UPDATED) Nissan chairman Carlos Ghosn, who faces financial misconduct charges, may walk free on bail as early as Friday, December 21

The world in 2018

Dec 19, 2018 - 10:00 AM

A look back at some of the major events that marked 2018

Central American migrants -mostly Hondurans- moving in a caravan towards the United States in hopes of a better life, head to Tijuana in Mexico's Baja California State, after leaving Mexicali on November 19, 2018. - US President Trump has sent about 5,800 troops to the border to forestall the arrival of large groups of Central American migrants travelling through Mexico and towards the US, in a move critics decry as a costly political stunt to galvanize supporters ahead of midterm elections earlier this month. (Photo by PEDRO PARDO / AFP)

Nissan fails to agree on Ghosn replacement, tensions with Renault grow

Dec 17, 2018 - 8:38 PM

The board of Nissan cannot agree to a replacement for former chairman Carlos Ghosn after his arrest for financial misconduct.

NISSAN. This file photo taken on May 11, 2017 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 board maintains Ghosn as CEO, says pay was legal

Dec 13, 2018 - 11:44 PM

Renault keeps Carlos Ghosn on as CEO after his arrest in Tokyo, but launch an enquiry into his pay package and names a deputy CEO to ensure day-to-day management

Ghosn 'faces new underreporting charge worth $35M'

Dec 05, 2018 - 2:07 PM

Reports say Tokyo prosecutors plan to 'rearrest' the business tycoon along with his right-hand man and former Nissan representative director Greg Kelly by Monday, December 10

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

Japan court extends Ghosn detention

Nov 30, 2018 - 9:03 PM

A Tokyo court extends the detention of former Nissan chief Carlos Ghosn. This means the 64-year-old tycoon could remain in a Tokyo cell until December 10.

A man looks at a television showing a news programme featuring former Nissan chief Carlos Ghosn (L) and representative director Greg Kelly (R) in Tokyo on November 30, 3018. A Tokyo court on November 30 extended the detention of former Nissan chief Carlos Ghosn, local media said, after his arrest on allegations of financial misconduct that have shaken the auto industry. Kazuhiro NOGI / AFP

Ghosn 'signed documents to defer compensation'

Nov 29, 2018 - 5:51 PM

An unnamed source says Carlos Ghosn signed secret documents instructing aides to defer part of his salary without disclosing this to shareholders

Men walk past a screen showing a news programme featuring Nissan chairman Carlos Ghosn in Tokyo on November 20, 2018. Nissan and Mitsubishi shares plunged on November 20, as the automakers prepared to oust chairman Carlos Ghosn a day after he was arrested for alleged financial misconduct. Toshifumi KITAMURA / AFP

Ex-Nissan chief Ghosn denies allegations – reports

Nov 25, 2018 - 11:55 PM

(UPDATED) Japanese media say Carlos Ghosn told prosecutors he did not intend to understate his income on financial reports

(FILES) 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. - Nissan board members have sacked Carlos Ghosn as chairman, local media reported on November 22, 2018, which would be a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct stunned the car industry and the business world. (Photo by JIJI PRESS / JIJI PRESS / AFP)

Ghosn gone: Nissan drives out chairman after arrest

Nov 23, 2018 - 6:00 AM

Carlos Ghosn is accused of underreporting his income by millions of dollars and a host of other financial irregularities

(FILES) In this file photo taken on May 12, 2011, Carlos Ghosn, president of Nissan Motors, speaks at a news conference to announce the company's fiscal year 2010 earnings in Yokohama. - Nissan board members have sacked Carlos Ghosn as chairman, local media reported on November 22, 2018, which would be a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct stunned the car industry and the business world. (Photo by KAZUHIRO NOGI / AFP)

Renault shuts down sites after being hit by cyberattack

May 13, 2017 - 6:49 PM

Production remains suspended French carmaker Renault spokeswoman says

ATTACKED. French automobile manufacturer Renault's production remains suspended due to the cyber attack. Logo from Renault's website

EU slaps record $3.2B fine on truck cartel

Jul 19, 2016 - 10:15 PM

UPDATED Daimler DAF Iveco MAN and Volvo Renault – which account for 9 out of every 10 trucks sold in Europe – are accused of price fixing

epa05431747 EU Commissioner for Competition, Danish, Margrethe Vestager gives a press conference on a case of anticompetitive practices, in Brussels, Belgium, 19 July 2016. The European Commission said it found MAN, Volvo/Renault, Daimler, Iveco, and DAF responsible of breaking EU antitrust rules. According to the Commission, the five truck makers have been fixing prices of trucks over 14 years on truck pricing. The Commission imposed a record fine of almost 3 billion euro on the truck makers except for MAN which had revealed the cartel's existence. EPA/LAURENT DUBRULE

Nissan throws $2.2B lifeline to scandal-hit Mitsubishi Motors

May 12, 2016 - 10:26 AM

UPDATED Nissan will become Mitsubishi Motors top shareholder following their deal

French carmaker Renault to recall 15,000 vehicles to check engines – minister

Jan 19, 2016 - 3:45 PM

UPDATED French carmaker Renault under the spotlight over high levels of harmful emissions is recalling 15 000 vehicles before they go on sale to check their engines

The logo of French car manufacturer Renault is on display in front of the company headquarters in Boulogne Billancourt, near Paris, France, January 14, 2016. Yoan Valat/EPA

French carmaker Renault vows to cut emissions levels

Jan 18, 2016 - 8:31 PM

Renault also asserts it does not use emissions cheating software on its diesel engines

Renault-Nissan to invest US$160-M in Korea unit

Jul 22, 2012 - 2:33 PM

The partnership that began in 1999 continues to benefit each brand

IMAGE FROM blog.alliance-renault-nissan.com