Tag: coup

By on May 15, 2019

Carlos Ghosn

Auditors attempting to assess how down and dirty Carlos Ghosn’s spending habits were have reportedly become very interested in a YouTube video of a party held at the Palace of Versailles in 2014. While the clip doesn’t showcase any cash-fueled orgies or golden idol worship, it does present a extravagant party that was supposedly paid for by Renault-Nissan B.V. (RNBV). As you might recall, Ghosn’s repeated arrests in Japan were due to the alleged “mismanagement” of alliance funds.

Ghosn’s camp maintains that the event was held for business purposes — a celebration of the 15th anniversary of the alliance, which just happened to overlap with the ousted exec’s 60th birthday. Guests reportedly included a few Renault or Nissan executives scattered among roughly 160 celebrity attendees. You can watch the video yourself and decide whether or not it’s an egregious mishandling of corporate assets.  (Read More…)

By on April 26, 2019

The embattled ex-patriarch of the Renault-Nissan-Mitsubishi Alliance has posted an additional $4.5 million in bail. Beyond some new indictments regarding his alleged misappropriation of corporate funds, not much has changed regarding the case. Ghosn and his legal team continue to maintain his innocence, suggesting that Nissan orchestrated the entire ordeal as part of a industrial coup and further supported by Japanese courts that are perpetually hungry for convictions.

Unfortunately, everyone is making a pretty good case. The claims against Ghosn appear legitimate, but so do the accusations that Nissan’s entire investigation was primarily concerned with removing him from power. Similarly, Japan’s extremely high conviction rate and treatment of Ghosn have raised red flags in regard to his civil rights and whether he can expect a fair trial.  (Read More…)

By on April 19, 2019

Nissan Motor Co. has pledged a donation of 100,000 euros ($112,000) for the restoration of the fire-kissed Notre Dame Cathedral in Paris. However, the company’s act of kindness is overshadowed by its rather interesting timing. Nissan’s relationship with partner Renault and the French government has grown strained since the arrest of former Alliance boss Carlos Ghosn — now back in jail after his fourth arrest and rumored to be facing indictment on new charges early next week in Japan.

Then again, the fire at Notre Dame was an extremely high-profile incident, leading to the donation of millions in charitable contributions for its repair. Where it not for the elevated tensions between the company and Renault/France, nobody would question Nissan’s motives in the slightest.  (Read More…)

By on April 9, 2019

Out on bail and awaiting trial, former Nissan CEO Carlos Ghosn was arrested in Japan last week for the fourth time since November — putting the kibosh on a scheduled press conference where he promised to “tell the truth” about what’s been going on.

While Ghosn’s supposed bombshell will have to wait for another day, he did manage to get word out from prison in a personal video message to the world. (Read More…)

By on April 3, 2019

Carlos Ghosn Rogue Introduction - Image: Nissan

Happy to relegate Carlos Ghosn to the past, Renault has announced its former CEO will soon leave the company’s executive board, along with Cherie Blair, wife of former British prime minister Tony Blair. Annette Winkler, the ex-head of Daimler’s Smart brand, will be proposed as the new director at the company’s annual meeting in June, according to the automaker.

The company also decided that Ghosn is not entitled to an annual retirement salary of about 765,000 euros a year due to an internal probe that identified “questionable and concealed practices and violations of the group’s ethical principles.”

Of course, Ghosn maintains he was the victim of a corporate coup masterminded by Nissan executives. The ousted exec recently claimed he’s “getting ready to tell the truth about what’s happening” over social media(Read More…)

By on January 19, 2012

Luxury roadsters have always been niche vehicles. With the economic implosion over the last decade, that niche has become even smaller. Last year the Mercedes SLK and BMW Z4 each sold less than 3,500 units on our shores, down from over 10,000 each back in 2006 and Canadian sales are roughly a tenth of that. While Mercedes is likely crying in their delicious geflügelsuppe, roadster shoppers benefit by being able to drive one of the most exclusive Mercedes models available on our shores. While the last model awkwardly aped the unholy union of a Mercdes F1 car and a bottlenose dolphin, the new model sells itself with sexy new sheet metal, 29 MPG on the highway and a $54,800 base price.

(Read More…)

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