Tag: Ghosn

By on April 22, 2019

If Nissan and Renault were a living, breathing couple, they’d be the duo all of your other friends whisper about. They’d be the couple with the big house and seemingly successful children that everyone knows fights bitterly in the evenings — screaming at each other before retiring to their separate bedrooms. The relationship, while healthy in terms of financial productivity, has grown toxic on the corporate end of things.

Less than one month after Renault’s new chairman claimed a merger would be out of the question, the French automaker is once again pushing for integration. Nissan is having none of it and plans to reject the proposal outright, according to reports from Nikkei(Read More…)

By on April 8, 2019

Carlos Ghosn - Titan intro - Image: Nissan

Nissan wasted no time in dropping Carlos Ghosn as company chairman after his initial November arrest, but the nature of business meant shareholders had to meet to vote him off the board. That meeting took place Monday morning in a Tokyo hotel.

There, some 4,119 shareholders gathered to break Ghosn’s last tie to the company he commanded for two decades. They also put some heat on company brass. (Read More…)

By on April 4, 2019

Carlos Ghosn

Ousted Renault chief executive Carlos Ghosn, who was also dropped as Nissan and Mitsubishi chairman following his November arrest, seemed to appear on Twitter Wednesday, promising to give readers the straight dope on his situation.

“I’m getting ready to tell the truth about what’s happening,” the inaugural tweet of the verified account stated. “Press conference on Thursday, April 11.”

Well, it doesn’t look like that’s going to happen. Japanese authorities showed up at Ghosn Tokyo residence last night to re-arrest the fallen industry icon. (Read More…)

By on March 6, 2019

Carlos Ghosn

Former Renault CEO Carlos Ghosn has left a Tokyo prison after posting bail to the tune of $8.9 million. His 108-day detention ended with the industry titan being escorted out out the building while wearing a disguise that entailed a cap, surgical mask, glasses, and workman’s clothes.

Ghosn left the Tokyo Detention House around 4:30 on Wednesday afternoon, already beset by camera crews. According to reports, the former auto executive was steered away from a black van and pushed into a small Suzuki befitting his disguise — despite its failure to fool the media. He’s now in a secret, court-appointed residence where he’ll be under constant surveillance as he attempts to prepare his next move.

“I am also grateful to the NGOs and human rights activists in Japan and around the world who fight for the cause of presumption of innocence and a fair trial,” Ghosn said prior to his release in a statement. “I am innocent and totally committed to vigorously defending myself in a fair trial against these meritless and unsubstantiated accusations.” (Read More…)

By on March 5, 2019

Carlos Ghosn - Titan intro - Image: Nissan

In the auto realm, the term “bailout” doesn’t normally refer to the actual granting of bail, but Renault and alliance partner Nissan wasn’t in need of outside assistance — their former boss was.

After multiple attempts to secure release from a Tokyo detention center met with failure, Carlos Ghosn, arrested on suspicion of financial misconduct on Nov. 19, could gain limited freedom as early as Wednesday. Late Monday, word came that a Tokyo court finally granted bail to the former Renault CEO and Nissan chairman.

The high-flying industry titan who once rented the palace of Versailles for his wedding (using company funds, since paid back) has been behind bars for over 100 days. (Read More…)

By on February 8, 2019

While former Renault CEO (and ex-Nissan chairman) Carlos Ghosn is no longer living the high life, this wasn’t always the case. After performing an audit in the wake of Ghosn’s Nov. 19 arrest, Renault stumbled upon an improper use of a very exclusive venue, paid for with company sponsorship funds.

The event was Ghosn’s 2016 wedding, and the venue was France’s Chateau de Versailles — an opulent 2,300-room palace once home to kings and Napoleon. (Read More…)

By on February 1, 2019


Depending who you ask, the November arrest of disgraced auto executive Carlos Ghosn was either swift justice or a coup d’etat — with some help from the Japanese government. Re-arrested in December and held ever since without bail, Ghosn faces breach of trust charges alleging the exec covered losses incurred through foreign exchanges with Nissan’s funds between 2008 and 2012. Those losses add up to $16.6 million, according to the prosecution. He’s also cited for misrepresenting his income.

However, Ghosn doesn’t see things that way. On Wednesday, he told the Nikkei business daily that he believed the charges against him were motivated by Nissan executives opposed to further integration with its French alliance partner, Renault SA. “All the evidence is with Nissan and Nissan forbids all employees to talk to me,” he elaborated. (Read More…)

By on January 23, 2019

Carlos Ghosn

As the Carlos Ghosn saga slowly crawls its way towards a trial, the former Nissan and Mitsubishi chairman might soon add another “former” to his list of descriptors. In an effort to mend a rift in the automotive alliance, Renault’s board has scheduled an emergency meeting for Thursday, during which the pressure will be on to oust Ghosn as the automaker’s chairman and CEO.

As he cools his heels in jail, Ghosn isn’t in a position to offer much resistance to any decision rendered by the board. The exec has reportedly offered to resign. (Read More…)

By on January 22, 2019

Carlos Ghosn Rogue Introduction - Image: Nissan

For detained industry titan Carlos Ghosn, getting out of the slammer has thus far proven an insurmountable challenge. Interned in a Tokyo jail since his Nov. 19 arrest, the Renault CEO and former Nissan chairman has repeatedly seen his bail appeals fall on deaf ears, with past indictments squashing previous hopes for release.

On Tuesday, a Tokyo judge denied his most recent appeal, despite Ghosn offering up nearly everything in return. (Read More…)

By on January 8, 2019

Ghosn, with the help of his team of lawyers, earned the right to speak in a packed Tokyo courtroom on Tuesday, and he used his time efficiently.

Described as looking gaunt, the jailed Renault CEO and ex-Nissan chairman claimed he was “wrongly accused” at the Tokyo district court hearing, adding that there’s nothing improper about the way he managed his finances. (Read More…)

By on January 7, 2019

Carlos Ghosn - Titan intro - Image: Nissan

Renault CEO and ex-Nissan Chairman Carlos Ghosn is apparently very eager to tell his story, and tomorrow he’ll get his chance. The industry titan, who has resided in a Tokyo jail since his Nov. 19 arrest, is scheduled to appear at a Tokyo court hearing Tuesday — a hearing his team of lawyers fought hard to get.

Following Ghosn’s appearance, those lawyers plan to go before the media. (Read More…)

By on December 27, 2018

Carlos Ghosn Rogue Introduction - Image: Nissan

Ousted Nissan Chairman Carlos Ghosn didn’t have the kind of Christmas he’d have liked, cooling his heels in a Tokyo jail after new allegations led to his third arrest on Friday. This served to lengthen the already six-week-long internment of the industry titan.

Now, details have emerged of the alleged crime that’s keeping Ghosn behind bars.  (Read More…)

By on December 20, 2018

Detained in a Tokyo jail since his Nov. 19 arrest, Renault CEO and former Nissan chairman Carlos Ghosn could soon find himself out on bail. A Tokyo district court has rejected an appeal aimed at keeping Ghosn in detention, meaning Christmas might be brighter for the auto industry titan than previously thought.

Meanwhile, Nissan’s scrambling to ensure that, if Ghosn does walk free, he won’t return to a number of glitzy homes. (Read More…)

By on December 13, 2018

Carlos Ghosn

Two automakers, two investigations, and two very different outcomes for one man.

Renault’s board of directors met in France today, deciding that CEO and chairman Carlos Ghosn should stay on in his current role in the wake of an internal investigation that members say showed no signs of criminality. Meanwhile, Ghosn sits in a Tokyo jail, indicted on charges of financial misconduct at Renault’s alliance partner, Nissan.

Away from the Paris streets, it seems everything’s hunky dory in France. (Read More…)

By on December 9, 2018

Carlos Ghosn

Prior to his arrest in Japan last month over presumed financial misconduct, Carlos Ghosn was allegedly planning to remove Nissan CEO Hiroto Saikawa. The plot has certainly thickened.

Ghosn, who was serving as Nissan Motor Co.’s chairman before being taken into custody, was believed to be on the cusp of an upper-level management shakeup within the Renault–Nissan–Mitsubishi Alliance. Part of that plan included finding a new CEO for Nissan, according to inside sources.  (Read More…)

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