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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 »

Ghosn says French envoy told him Nissan was turning against him

Reuters
Updated as of Jan 15 12:42 PM

BEIRUT - Former Nissan chairman Carlos Ghosn, speaking in Beirut after his dramatic escape from Japanese justice, said on Tuesday that the French ambassador had warned him shortly after his arrest that his own company was plotting against him. Read more »

Ghosn vows to clear name at first appearance since fleeing Japan

Tony Gamal-Gabriel, Agence France-Presse
Posted at Jan 08 09:37 PM

Fugitive auto tycoon Carlos Ghosn vowed Wednesday to clear his name as he made his first public appearance at a news conference in Beirut since skipping bail in Japan. Read more »

Ghosn flees to Lebanon, says won't be 'held hostage' by Japan's justice system

Issam Abdallah and Tim Kelly, Reuters
Posted at Dec 31 08:10 PM

Ghosn's abrupt departure marks the latest dramatic twist in a year-old saga that has shaken the global auto industry. Read more »

Unprecedented choice defined motoring in the 2010s—but are we better off for it?

Jeeves de Veyra
Updated as of Dec 20 08:42 AM

Everything from luxury to low-cost flooded the local market in the last decade. But, with worsening traffic and fossil fuel dependence, is that necessarily a good thing?  Read more »

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 »