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Nissan, ex-CEO Ghosn charged in US with hiding $140 mn from investors

John Biers, Agence France-Presse
Posted at Sep 24 06:45 AM

US securities regulators on Monday charged Japanese automaker Nissan and its former CEO Carlos Ghosn with hiding more than $140 million in Ghosn's expected retirement income from investors.  Read more »

Nissan CEO Saikawa admits to misconduct in compensation: report

Reuters
Posted at Sep 05 08:57 AM

Nissan Motor Co Chief Executive Hiroto Saikawa admitted to misconduct involving stock-related compensation and said he planned to return the portion he had wrongfully received, Jiji news agency reported. Read more »

Nissan to slash 12,500 jobs as Q1 profit nearly wiped out

Naomi Tajitsu, Reuters
Posted at Jul 25 04:41 PM

The announcement shows how a crisis - brought about by sluggish sales and rising costs - is worsening at Japan's No. 2 automaker. Read more »

Nissan warns of profit plunge, set to unveil 10,000 job cuts

Maki Shiraki and Naomi Tajitsu, Reuters
Posted at Jul 24 07:47 PM

The dismal earnings, due to be formally announced on Thursday, mark one of Nissan's worst quarterly performances in around a decade. Read more »

Nissan to cut over 10,000 jobs globally: sources

Kyodo News
Posted at Jul 24 01:11 AM

Nissan Motor Co. plans to cut more than 10,000 jobs globally as part of efforts to turn around its business, company sources said Tuesday. Read more »

Nissan grants Renault execs boardroom seats, ending dispute

Reuters
Posted at Jun 21 01:52 PM

Japan's Nissan said on Friday it would grant alliance member Renault's representatives seats on key committees of its board, ending a dispute between the two automakers. Read more »

Fiat Chrysler and Renault in talks on possible alliance

Neal E. Boudette, The New York Times
Updated as of May 26 09:27 AM

The talks are still in early stages and could still collapse, but they come amid significant technological and regulatory changes that are pressuring automakers and spurring some to join forces. Read more »

Nissan shareholders vote to remove Carlos Ghosn from board

Agence France-Presse
Updated as of Apr 08 12:27 PM

Shareholders at Nissan voted Monday at an extraordinary meeting to remove former chief Carlos Ghosn from the company's board as he battles multiple charges of financial misconduct. Read more »

Nissan ex-chief Ghosn arrested for 4th time in Japan: NHK

Tim Kelly and Kyung Hoon Kim, Reuters
Posted at Apr 04 08:31 AM

The re-arrest, which NHK described as a highly unusual move, marks the latest dramatic twist in the once-feted executive's fall from grace, and comes after fresh allegations about improper payments made by Nissan under his watch. Read more »

Disgraced ex-Nissan boss tweets about 'truth' as new case looms

Kenneth Maxwell and Tim Kelly, Reuters
Posted at Apr 03 02:16 PM

Ghosn, widely lauded for rescuing Nissan Motor Co from the brink of bankruptcy two decades ago, has experienced a dramatic fall from grace that shook the global auto industry and raised questions about the future of Nissan's alliance with France's Renault SA. Read more »

Japanese court grants bail for ex-Nissan chair Ghosn, prosecutors appeal

Naomi Tajitsu and Maki Shiraki, Reuters
Posted at Mar 05 05:17 PM

A Japanese court granted bail to ousted Nissan Motor Chairman Carlos Ghosn on Tuesday, a decision prosecutors swiftly appealed, delaying an immediate release of the once-feted executive after more than three months in jail. Read more »

Honda to close UK plant in 2022, risking 3,500 jobs: reports

Agence France-Presse
Posted at Feb 19 08:18 AM

The carmaker is to announce the closure of its Swindon plant on Tuesday, according to Sky News, but still keep its European headquarters in nearby Bracknell. Read more »

Toyota cuts full-year profit forecast, warns over Brexit

Natsuko Fukue, Agence France-Presse
Posted at Feb 06 03:51 PM

The maker of the Camry sedan and Prius hybrid now expects annual net profit of 1.87 trillion yen ($17 billion) instead of the 2.3 trillion yen it projected three months ago. Read more »

Nissan sends Brexit shockwaves through UK auto sector

Paul Barker and Roland Jackson, Agence France-Presse
Posted at Feb 05 08:45 AM

Nissan has become the latest corporate big-hitter to slash investment in the face of heightened economic uncertainty and a potential no-deal Brexit. Read more »

Nissan scraps plan to build new X-Trail model in Britain

Costas Pitas, Reuters
Posted at Feb 04 08:36 AM

Falling demand for diesel cars in Europe has forced Nissan to invest in other technologies and save costs. It cut hundreds of jobs at its Sunderland factory in the north of England, Britain's biggest car plant, last year as output slumped 11 percent, hit by levies and crackdowns on diesel. Read more »

Ghosn blames 'rivals' inside Nissan for arrest, denies allegations

Kyodo News
Posted at Jan 30 10:15 PM

Carlos Ghosn, the former chairman of Nissan Motor Co., blames rivals inside the auto company for his arrest by Tokyo prosecutors on allegations of financial misconduct during his chairmanship. Read more »

Nissan faces SEC probe over executive pay

Agence France-Presse
Posted at Jan 28 03:10 PM

The US Securities and Exchange Commission is investigating Nissan over executive pay, the firm said Monday, the latest blow for the auto giant reeling from the arrest of former chairman Carlos Ghosn over alleged financial misconduct. Read more »

Macron says France wants to keep Renault-Nissan 'balance'

Agence France-Presse
Posted at Jan 28 09:27 AM

Renault currently owns 43 percent of Japanese automaker Nissan, which itself has a 15 percent stake in the French company and 34 percent of Mitsubishi. Read more »

Renault board to replace Ghosn Thursday

Agence France-Presse
Posted at Jan 22 07:50 PM

French carmaker Renault said Tuesday that it would hold a board meeting Thursday to name a replacement for its boss Carlos Ghosn, who remains in custody in Japan over alleged financial misconduct. Read more »

Tokyo court denies latest bail request of Nissan's Ghosn

Reuters
Posted at Jan 22 12:40 PM

Carlos Ghosn's latest request for bail was rejected by a Tokyo court on Tuesday, despite the ousted Nissan chairman offering to wear an electronic ankle tag in an unusual bid to win release after 2 months of detention for alleged financial crimes. Read more »