Carlos Ghosn

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At 'Extraordinary' Meeting, More Bad News for Ghosn

Nissan's fallen chairman is officially ousted from board by shareholders

(Newser) - Nissan shareholders approved on Monday the ouster from the Japanese automaker's board of former chairman Carlos Ghosn, who faces allegations of financial misconduct. The approval was shown by applause from the more than 4,000 people gathered at a Tokyo hotel for a three-hour extraordinary shareholders' meeting, the AP... More »

Ghosn Calls His Unusual Re-Arrest 'Outrageous'

Ex-Nissan boss is back behind bars

(Newser) - Former Nissan boss Carlos Ghosn is back in the Tokyo Detention Center after what legal experts say was a highly unusual re-arrest of somebody out on bail. Ghosn—who was released on $8.9 million bail almost a month ago after 108 days in custody—was detained Thursday on suspicion... More »

The Blue Hat Was Part of a Disguise. It Didn't Work

Carlos Ghosn's lawyer apologized for what he says was his idea

(Newser) - Former Nissan chair Carlos Ghosn was released on a staggering bail on Wednesday, and he didn't walk out of the Tokyo Detention Center looking exactly like Carlos Ghosn. He was disguised as a construction worker, per the AP , only the disguise didn't work, and now one of his... More »

Ex-Nissan Boss Released on Breathtaking Bail Sum

Lawyer questions grounds for Ghosn arrest

(Newser) - The Tokyo District Court approved the release of former Nissan Chairman Carlos Ghosn on 1 billion yen—$8.9 million—bail on Tuesday, ending nearly four months of detention. The acceptance of Ghosn's request for bail, his third, came a day after one of his lawyers said he was... More »

Jailed Auto Boss Says Execs Plotted Against Him

Ghosn says he's a victim of 'treason'

(Newser) - Jailed former Nissan chairman Carlos Ghosn says he's the innocent victim of treacherous rivals at the company. In an interview with Nikkei Asian Review —his first since his Nov. 19 arrest—Ghosn said he is certain the financial misconduct charges against him are the result of "plot... More »

Jailed Nissan Exec Makes Unusual Bail Plea

Carlos Ghosn promises to pay for own ankle bracelet and related security

(Newser) - Former auto exec Carlos Ghosn made another long-shot appeal for bail on Monday, one that came with an unusual twist: He offered to pay for his own ankle bracelet as well as security guards to keep an eye on him, reports the Wall Street Journal . Ghosn, the former chairman of... More »

Wife: Ex-Nissan Boss Treated Harshly in Jail

She says he lost 15 pounds in 2 weeks

(Newser) - Former Nissan chairman Carlos Ghosn may be spending another six months in a jail cell in Japan, despite his wife's claim that he is being subjected to "cruel and inhumane" treatment. In a letter to Human Rights Watch, Carole Ghosn said her 64-year-old husband lost 15 pounds in... More »

Defiant Auto Exec Makes His Case in Court

Carlos Ghosn: 'I have been wrongly accused'

(Newser) - Just a few months ago, Carlos Ghosn was one of the most powerful executives in the auto industry. On Tuesday, however, he appeared in a Tokyo courtroom wearing plastic prison slippers and a rope around his waist instead of a belt, reports the BBC . Ghosn, the 64-year-old former Nissan chairman,... More »

More Bad News for Nissan's Already Jailed Ex-Chief

Carlos Ghosn hit with fresh allegations of 'breach of trust' regarding financial investment that tanked

(Newser) - Things just went from bad to worse for the ex-head of Nissan. Already facing charges that he'd underreported his income while heading up the car company, Carlos Ghosn was arrested again Friday, while in jail in Tokyo, amid fresh allegations of a possible "breach of trust" regarding a... More »

Nissan: 'Deepest Regret' as It's Charged in Ex-CEO's Scam

Carlos Ghosn, the former chair, and exec Greg Kelly have been charged, as has company itself

(Newser) - Tokyo prosecutors have charged Nissan's former chairman Carlos Ghosn, another executive, and the automaker itself for allegedly underreporting income. The charges imposed Monday involve allegations Ghosn's pay was underreported by about $44 million between 2011 and 2015, per the AP . The prosecutors said earlier that the allegations were... More »

Nissan's Arrested Chairman Gets the Boot

Full shareholder vote needed to make ouster of Carlos Ghosn official

(Newser) - Nissan has followed up on its promise to remove Chairman Carlos Ghosn. The auto company's board voted Thursday to oust its arrested leader, accused of underreporting his income by more than $44 million , and senior executive Greg Kelly, who was allegedly involved in the scheme, per the BBC . The... More »

More Bad News for Arrested Auto Boss

Mitsubishi to ask board to remove disgraced Nissan exec Carlos Ghosn

(Newser) - About to be ejected as chairman of Nissan Motors, Carlos Ghosn's future at Mitsubishi and Renault is now very much in doubt. A day after Ghosn was arrested on suspicion of understating his Nissan income by more than $44 million , Mitsubishi said it would ask its board to "... More »

'One of World's Most Powerful Auto Bosses' Is Arrested

Nissan chair Carlos Ghosn to be removed over 'significant misconduct'

(Newser) - Nissan Motor Co. says it will move to oust chairman Carlos Ghosn after a months-long investigation uncovered "significant misconduct" including the under-reporting of his income by millions, reports the AP . The Japanese automaker says the probe was spurred by a whistleblower, and that the situation also allegedly involves Representative... More »

Renault's Big Espionage Case Looks Like a Bust

No proof surfaces of industrial spying

(Newser) - Renault's bombshell allegation in January that three of its own executives were selling electric car secrets, maybe to the Chinese, is looking like a dud, the Wall Street Journal reports. Two months into the investigation (which the newspaper says is reminiscent of the work of the "Keystone Kops"),... More »

Chrysler Flirts With Nissan- Renault as GM Seeks Credit

Alliance would keep Detroit automaker intact, but expose Cerberus to more risk

(Newser) - Chrysler is considering joining Nissan-Renault, adding a North American arm to the Japanese-French auto alliance that could rescue Chrysler’s operations, the Wall Street Journal reports. Cerberus, Chrysler’s majority owner, prefers a merger with General Motors, but overlap with a Detroit competitor would likely eliminate half of Chrysler’s... More »

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