Nissan

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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 »

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 »

Here Are 14 Cars That Are Getting the Ax

Say goodbye to the Volkswagen Beetle, the Ford Focus, and a dozen others

(Newser) - If you think you're seeing more SUVs and crossovers on the road, you're not imagining things. That's because automakers are making what USA Today calls a "sweeping shift" into those types of vehicles—which also means they're dumping more-traditional passenger cars from their lineups. The... More »

Automaker 'Corruption' Saga Has a New Twist

Greg Kelly is given his walking papers

(Newser) - Nissan Motor Co. executive Greg Kelly was released from detention in Japan on Tuesday after being granted bail over the alleged underreporting of his boss Carlos Ghosn's pay, the AP reports. The late-night release of Kelly, who is American, followed the Tokyo District Court's approval earlier in the... 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 »

Buyer, Beware: 5 Deadliest Cars in America

Also, the 5 safest cars in America

(Newser) - Just how safe is that car you're driving? 24/7 Wall St. investigated to come up with a ranking of the safest and least safe car models sold in the US. The cars you'll want to drive, and those you won't, based on driver death rates: More »

Nissan Recalls Nearly 4M Cars With Potentially Deadly Flaw

Airbags may not deploy in a crash

(Newser) - Nearly 4 million Nissan cars are being recalled due to major safety problems where passenger air bags or seat belts could fail in a crash, leading to serious injuries or fatalities, the AP reports. Nissan North America said 3.2 million cars may have a problem with a sensor that... More »

Mitsubishi Admits Cheating Fuel Tests Since 1991

Millions of vehicles in Japan could be affected

(Newser) - The new Volkswagen: Mitsubishi? The car company announced Tuesday it has been cheating fuel tests in Japan for the past 25 years, an admission that caused shares to fall by 10% to a record low, reports CNNMoney . Mitsubishi's market value had already plunged last week with news that engineers... More »

'Self-Parking' Office Chair Can Push Itself In

At the sound of a clap

(Newser) - And the strangest tech innovation of the month award goes to the engineers at Nissan for inventing an office chair that puts itself neatly back under a desk at the sound of a clap. It's true: The "Intelligent Parking Chair" has motors and wheels in its circular base... More »

Small Cars Don't Do So Well in Crash Tests

Mini Cooper Countryman gets 'good' rating; Nissan, Mazda, and Fiat models tank

(Newser) - Not that we'd ever want this to happen, but if you're going to get into a crash in a tiny car, you might want to be in a four-door Mini Cooper Countryman. That's the only small car out of 12 tested that earned a "good" rating... More »

Almost 3M Cars Recalled Over Exploding Airbags

Honda, Nissan, Mazda all expand earlier recalls

(Newser) - Honda, Mazda, and Nissan are recalling millions of vehicles globally for defective airbags manufactured by supplier Takata Corp. that could possibly explode, though no accidents have been reported related to the recalls. Honda recalled 2.03 million vehicles for the airbag problem, including 1.02 million in North America and... More »

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