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2 Americans get jail terms for helping Ghosn flee Japan

Kyodo News
Posted at Jul 19 06:51 PM

Two Americans were found guilty Monday in Tokyo of helping former Nissan Motor Co. Chairman Carlos Ghosn jump bail and flee Japan in 2019, a high-profile case that allowed him to escape the trial he could face for alleged financial misconduct. Read more »

2 Americans plead guilty to helping Ghosn flee Japan

Kyodo News
Posted at Jun 14 06:45 PM

Two American men charged with aiding former Nissan Motor Co. Chairman Carlos Ghosn's escape from Japan in 2019 prior to his trial pleaded guilty at their first court hearing Monday in Tokyo. Read more »

Toyota to open P4.5-billion logistics hub in Batangas late 2021

Job Manahan, ABS-CBN News
Updated as of Jan 30 03:56 PM

The 32-hectare facility is seated near Batangas Port, and boasts of a pre-delivery inspection and post production installation facility capable of handling some 160,000 Toyota units annually, according to a statement released by TMP. Read more »

UK car output slumps nearly a third in 2020: industry

Agence France-Presse
Posted at Jan 28 09:40 AM

British car production plunged by nearly one-third last year, the weakest annual output since 1984 as a result of coronavirus fallout, industry data showed Thursday. Read more »

Displaced workers from Nissan, Makati Shangri-La entitled to cash aid - DOLE

ABS-CBN News
Updated as of Jan 22 08:41 AM

Workers from Nissan and Makati Shangri-La can avail of cash assistance from the government after both companies announced they will shutter operations due to the COVID-19 pandemic, the Department of Labor and Employment said Friday. Read more »

Nissan to close PH car assembly, 133 workers to lose jobs

ABS-CBN News
Updated as of Jan 21 03:17 PM

The closure will affect the Almera model, and 133 workers will lose jobs, Trade Secretary Ramon Lopez said in a statement.  Read more »

US approves extradition to Japan over Ghosn escape

Agence France-Presse
Posted at Oct 30 08:36 AM

The United States has given the green light to extradite a former special forces soldier and his son to Japan for assisting auto executive Carlos Ghosn's daring escape, although a judge Thursday put their transfer on hold. Read more »

PANOORIN: Kotseng nakaparada sa San Juan nagliyab

ABS-CBN News
Posted at Sep 07 07:50 PM

Nilamon ng apoy ang isang kotse sa Barangay Sta. Lucia, San Juan City nitong Lunes ng madaling araw.  Read more »

Nissan slapped with more back taxes from Ghosn period

Kyodo News
Updated as of Aug 20 06:10 AM

TOKYO - Nissan Motor Co. has been ordered to pay several hundreds of millions of yen in back taxes in connection with misuse of funds by the Japanese automaker under former boss Carlos Ghosn, sources familiar with the matter said Wednesday. Read more »

Nissan forecasts $6.4 billion annual net loss as virus bites

Agence France-Presse
Posted at Jul 28 04:38 PM

Nissan, which had delayed an annual forecast because of ongoing uncertainty, issued the warning as it reported a first-quarter net loss of 285.6 billion yen ($2.7 billion) on plunging sales.  Read more »

Japanese car sales in the Philippines fall 68% in 2nd quarter

Kyodo News
Posted at Jul 14 03:45 AM

Sales of Japanese carmakers in the Philippines fell at least 68 percent during the second quarter of the year due to disruptions caused by the coronavirus pandemic, with some signs of recovery seen on a monthly basis, according to industry association figures released Monday. Read more »

Japan seeks extradition of two who helped ex-Nissan chief Ghosn escape

Agence France-Presse
Posted at Jul 03 08:43 AM

Japan has formally asked the United States to extradite two men who helped former Nissan chief executive Carlos Ghosn escape the country to avoid prosecution, a court filing showed Thursday. Read more »

Spain says Nissan to shut Barcelona car plant employing 3,000

Agence France-Presse
Updated as of May 28 05:30 PM

Japanese carmaker Nissan has decided to shut its factory in Barcelona where 3,000 people are employed, the Spanish government said on Thursday. Read more »

Renault, Nissan rebuild alliance to ride out the coronavirus storm

Naomi Tajitsu and Gilles Guillaume, Reuters
Posted at May 27 08:03 AM

When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world's biggest automaker by 2022. On Wednesday, the Alliance partners will outline a new plan with a less lofty objective: survival.   Read more »

Nissan aims to cut over 20,000 jobs worldwide as part of restructuring

Kyodo News
Updated as of May 22 09:27 PM

Nissan Motor Co. is looking to cut over 20,000 jobs, about 15 percent of its global workforce, as part of a restructuring plan due to slumping sales amid the novel coronavirus pandemic, sources close to the matter said Friday.   Read more »

Two alleged Ghosn accomplices arrested in US

Joseph Prezioso and Charlotte Plantive, Agence France-Presse
Posted at May 21 02:32 AM

A father and son suspected of helping fugitive former Nissan chief Carlos Ghosn flee Japan in December were arrested Wednesday in the United States, justice officials and court documents said.   Read more »

Nissan eyes suspending 10,000 jobs abroad over coronavirus outbreak

Kyodo News
Updated as of Apr 07 09:13 PM

Nissan Motor Co. is looking to cut over 10,000 jobs temporarily in the United States and Europe, as local production remains suspended amid the coronavirus outbreak, sources close to the matter said Tuesday. Read more »

Nissan ordered to pay 2.4 billion yen fine over Ghosn pay scandal

Kyodo News
Posted at Feb 28 10:48 PM

Japan's financial regulators said Friday they ordered Nissan Motor Co. to pay 2.42 billion yen ($22 million) in fines for underreporting remuneration of former Chairman Carlos Ghosn and other executives for years. Read more »

Virus outbreak causes Japan firms to halt China business

Kyodo News
Posted at Feb 04 09:17 PM

The ongoing outbreak of a new coronavirus prompted Japanese companies Tuesday to announce a partial halt of their China businesses, with Nissan Motor Co. delaying its planned restart of factories and Japanese airlines suspending more flights from later this month. Read more »

Ghosn used company money for private events: Nissan

Kyodo News
Posted at Jan 16 10:42 PM

Nissan Motor Co. said Thursday that former Chairman Carlos Ghosn used company funds for private events abroad, including a party held at the Palace of Versailles and paying for guests to attend the Carnival in Rio de Janeiro. Read more »