Ghosn's Detention Extended; Renault-Nissan-Mitsubishi Say They're in This Thing Together

Steph Willems
by Steph Willems
ghosns detention extended renault nissan mitsubishi say theyre in this thing

Fallen auto industry magnate Carlos Ghosn can stay in a Tokyo detention center for another 10 days, following an extension approved Friday by Japanese authorities. Arrested two weeks ago on suspicion of underreported income and other potential financial crimes, Ghosn will be released on December 10th if authorities fail to lay charges — though no one expects that to happen.

Despite their disagreement on how the Ghosn affair should be handled, the three automakers Ghosn once reigned over have put forward a unified front. We’re all good, the chummy Renault-Nissan-Mitsubishi Alliance claims.

“Over the past few days, the Board of Directors of Groupe Renault, Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation have all – individually and collectively – emphatically reiterated their strong commitment to the Alliance,” the automakers stated in a joint release.

“The Alliance has achieved unparalleled success in the past two decades. We remain fully committed to the Alliance.”

Nissan’s board moved quickly to remove Ghosn as chairman in the wake of his arrest, with Mitsubishi following suit shortly after. Renault, on the other hand, hasn’t made a decision to remove Ghosn as the company’s CEO. The joint statement is meant to allay fears that the strategic alliance Ghosn built — the technology and platform sharing at its core, plus the members’ intertwined investments — is on the verge of falling apart.

Reuters, citing a Japanese newspaper, claims French President Emmanuel Macros wants to set up a meeting with Japanese Prime Minister Shinzo Abe to discuss Ghosn’s arrest. Ghosn is a French-Brazilian national, and 15 percent of Renault’s shares reside in the French government’s hands. Macron’s beef concerns the opaqueness of the investigation.

Ghosn, who reportedly requested the delivery of a turtleneck sweater to his sparse jail cell, is suspected of underreporting his compensation, with the help of Nissan board member Greg Kelly, to the tune of $44 million. The executive’s purchase of stately homes across the globe and use of company assets also raised eyebrows… and suspicions. According to Reuters, citing a report in the Wall Street Journal, Ghosn’s deferred income is another focus of the investigation.

Ghosn reportedly told colleagues he was in the right to not report income deferred until retirement in Japanese regulatory filings.

[Image: Nissan]

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  • Bullnuke Bullnuke on Dec 01, 2018

    Ghosn’s situation may be a bit of kabuki theater, "pour encourager les autres".

    • See 4 previous
    • Afedaken Afedaken on Dec 03, 2018

      @afedaken errr.... 99%. Fatfingers on my part.

  • Dave M. Although the effective takeover by Daimler is pooped upon, this is one they got right. I wasn't a fan of the LHs, mostly due to reported mechanical, NVH and build quality issues, but I though Chrysler hit it out of the park with the LXs. The other hyped release that year was the Ford Five Hundred, which, while a well-built car with superior interior space, couldn't hold a candle to the 300.
  • Art Vandelay I always liked those last FWD 300's. Been ages since I've seen one on the road though. Lots of time in the RWD ones as rentals. No complaints whatsoever.
  • Cardave5150 I've had 2 different 300's - an '08 300SRT and an '18 300C. Loved them both a LOT, although, by the time I had the second one, I wasn't altogether thrilled with the image of 300's out on the street, as projected by the 3rd or 4th buyers of the cars.I always thought that the car looked a little stubby behind the rear wheels - something that an extra 3-4" in the trunk area would have greatly helped.When the 300 was first launched, there were invitation-only meet-and-greets at the dealerships, reminding me of the old days when new model-year launches were HUGE. At my local dealer, they were all in formalwear (tuxes and elegant dresses) with a nice spread of food. They gave out crystal medallions of the 300 in a sweet little velvet box (I've got mine around the house somewhere). I talked to a sales guy for about 5 minutes before I asked if we could take one of the cars out (a 300C with the 5.7 Hemi). He acted like he'd been waiting all evening for someone to ask that - we jumped in the car and went out - that thing, for the time, seemed to fly.Corey - when it comes time for it, don't forget to mention the slightly-stretched wheelbase 300 (I think it was the 300L??). I've never found one for sale (not that I've looked THAT hard), as they only built them for a couple of years.
  • Jkross22 "I’m doing more for the planet by continuing to drive my vehicle than buying a new one for strictly frivolous reasons."It's not possible to repeat this too much.
  • Jeff S Got to give credit to Chrysler for putting the 300 as a rear wheel drive back on the market. This will be a future classic.