Tag: Ghosn

By on January 8, 2020

Carlos Ghosn

There’s no love lost between former Renault and Nissan boss Carlos Ghosn and the judiciary of Japan, and the same goes for the automaker that dropped him as chairman following his November 2018 arrest — an arrest he fled in the waning days of 2019.

A fugitive from justice following his daring escape from Japanese authorities, Ghosn opened up during a Wednesday press conference in Beirut, Lebanon, reserving his harshest remarks for Nissan and the country in which its head office resides. (Read More…)

By on January 7, 2020

Tokyo prosecutors issued an arrest warrant for Carlos Ghosn’s wife Carole on Tuesday for allegedly lying during testimony. While Japanese authorities have also speculated that she may have helped orchestrate the movie-like escape of her husband from the island nation, something Mr. Ghosn proactively denied, she’s only officially charged with perjury.

The warrant accuses Carole Ghosn of having falsely denied knowing or meeting individuals tied to the company who received payments from Nissan Motor before funneling a portion of those funds to a firm owned by her husband — which is one of the reasons why he was arrested in the first place(Read More…)

By on January 6, 2020

Carlos Ghosn Rogue Introduction - Image: Nissan

Perhaps former Renault and Nissan boss Carlos Ghosn will put rumors to rest when he speaks to the media on Wednesday. Then again, the international fugitive, who fled house arrest in Japan to a refuge in Lebanon on December 29th, might remain tight-lipped about the details of his escape, as Ghosn’s main beef is with Nissan and the Japanese judiciary.

As a new week dawns, so too does another take on Ghosn’s flight from justice. (Read More…)

By on January 3, 2020

Nissan CEO Carlos Ghosn unveils redesigned Maxima “4 Door Spor - Image: Nissan

The Carlos Ghosn escape saga continues to evolve without any help from the man himself. Stating Thursday that he alone orchestrated his escape from Japan, where the former auto titan was living under house arrest, Ghosn has not offered the full story on how he slipped out of the country and made his way to Lebanon.

What is clear is that Ghosn’s two-part escape involved the use of two private aircraft and a plane swap in Turkey. The operator of those aircraft isn’t happy. (Read More…)

By on January 2, 2020

Carlos Ghosn’s escape from Japan seemed an epic affair, but the man who was reportedly smuggled out of the country in a musical instrument case by mercenaries posing as a Gregorian band wants to make one thing clear.

The former Renault CEO and Nissan chairman added to the story via a statement released Thursday. (Read More…)

By on January 2, 2020

Carlos Ghosn - Titan intro - Image: Nissan

The former auto giant who once hosted a Marie Antoinette-themed wedding party at the Palace of Versailles (and later reimbursed Renault for the supposedly “corporate” event) had his wife to thank for being able to spend New Year’s Eve as a free — but wanted — man.

According to Lebanese news outlet MTV, Carole Ghosn was the mastermind of her husband’s escape from Japan, where Carlos was being held under house arrest while awaiting trial. Like his wedding, Carlos Ghosn’s flight from captivity had all the flair of a blockbuster film plot. (Read More…)

By on December 30, 2019

Former Nissan Chairman Carlos Ghosn’s flight from Japan, where we was awaiting trial on charges of underreporting income and breach of trust, has been confirmed by none other than the man himself.

Late Monday, Ghosn issued a message from Lebanon. (Read More…)

By on December 30, 2019

Carlos Ghosn Rogue Introduction - Image: Nissan

Japanese authorities are attempting to confirm reports that former Nissan and Renault chairman Carlos Ghosn, arrested in Japan in November 2018 and since charged with two counts each of improper financial reporting and breach of trust, has fled the country.

Numerous media reports claim Ghosn, who holds Lebanese (as well as French and Brazilian) citizenship, appeared in Beirut on Monday. How he managed to slip out of the country where he was awaiting trial is still murky. (Read More…)

By on November 22, 2019

Carlos Ghosn

Carlos Ghosn, former head of the Renault-Nissan-Mitsubishi Alliance, has been allowed to see his wife Carole for the first time in seven months. Fortunately for Ghosn, the pair actually wanted to speak and had been complaining about this throughout their time apart. Indicted on various charges we’ve covered to death, Japanese courts decided last April that it was too big of a risk to let the couple interact. The fear was that the duo would somehow conspire or possibly tamper with evidence.

The suspension of their separation appears to be limited event, however. The Tokyo District Court only agreed to allow a single meeting after Ghosn’s legal council began pushing for softer bail conditions over the summer.  (Read More…)

By on September 5, 2019

Image: Nissan

Nissan CEO Hiroto Saikawa finds himself in hot water after an internal investigation revealed the head of the embattled automaker violated company procedure by taking part in a stock scheme that paid out more than it should have.

Saikawa, like other executives linked to the scheme, apologized and vowed to repay the excess compensation, claiming he assumed the scheme ⁠— orchestrated by ousted and jailed former alliance boss Carlos Ghosn ⁠— was above board. (Read More…)

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…)

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