Renault talks with Nissan about Fiat Chrysler merge proposal

Business 05/29/19, 03:53

Fiat Chrysler's proposal to merge with Renault was presented to Nissan on Wednesday, adding another big question to the list of uncertainties facing the Japanese automaker. Nissan Motor Co. has been slammed with nose-diving profits and a tarnished reputation since the arrest of its former chairman Carlos Ghosn in November on ...

Former Nissan chairman Ghosn appears in Tokyo court

Business 05/23/19, 03:51

Nissan's former chairman, Carlos Ghosn, appeared in a Japanese courtroom Thursday for a hearing ahead of his trial on accusations of financial misconduct.It was the first of a series of hearings to iron out logistics for Ghosn's actual trial. The trial date has not been set, and experts say it ...

Nissan proposing more board members, with Renault’s Bollore

Business 05/17/19, 02:30

Nissan says it is proposing adding Renault's chief executive, Thierry Bollore, to its board, as well as several outsiders, to strengthen its governance following the arrest of its former chairman, Carlos Ghosn.The Japanese automaker's proposals announced Friday will be put to a shareholder vote at a meeting set for June.Nissan ...

Hit with arrest of ex-chair Ghosn, Nissan profit nose-dives

Business 05/14/19, 05:16

Japanese automaker Nissan, reeling from the arrest of its former chairman Carlos Ghosn, reported Tuesday that annual profit nose-dived to less than half of what it earned the previous year, and forecast even dimmer results going forward.Nissan Motor Co.'s profit for the fiscal year ended March totaled 319.1 billion yen ...

Questions loom for Nissan with former chairman Ghosn gone

Business 05/12/19, 23:20

Nissan is seeing sales and profits tumble, as its once revered former chairman, Carlos Ghosn, awaits trial on charges of financial misconduct.Nissan Motor Co. says it is beefing up corporate governance and sticking with its alliance with French partner Renault SA and smaller Japanese automaker Mitsubishi Motors Corp. That's critical ...

Reports: Court denies Ghosn appeal on no contact with wife

Business 05/09/19, 06:57

A Japanese court has rejected an appeal from the lawyers of Nissan's former chairman Carlos Ghosn over bail conditions that forbid him to contact his wife, as a prosecutor defended the restriction as needed to prevent evidence tampering.The Kyodo News service reported Thursday the Tokyo District Court rejected the appeal ...

Nissan ex-chair Ghosn’s release on bail approved by court

Business 04/24/19, 21:37

A Japanese court has approved the release for detained Nissan ex-chair Carlos Ghosn on 500 million yen, or $4.5 million, bail.Prosecutors can appeal the decision made Thursday by the Tokyo District Court. His lawyers can also push for his release.Ghosn was arrested in November, released on bail in March but ...

Nissan slashes profit amid Ghosn scandal, lagging sales

Business 04/24/19, 02:16

Nissan lowered its profit forecast for the fiscal year through March on Wednesday, as the Japanese automaker struggles with slowing sales and the fallout from the criminal investigation of its former chairman, Carlos Ghosn.Nissan Motor Co. is expecting to post a 319 billion yen profit ($2.9 billion) for the fiscal ...

Media: Nissan ex-chair Ghosn indicted for breach of trust

Business 04/21/19, 23:48

Japanese media report that prosecutors have charged Nissan's former chairman Carlos Ghosn with breach of trust.The charges reportedly filed Monday are related to payments by a subsidiary of the Japanese automaker that allegedly went to a private investment company controlled by Ghosn.The indictment ensures he will remain in detention. His ...

Nissan ex-chair Ghosn appeal on extended detention rejected

Business 04/18/19, 06:31

Japan's top court said Thursday it has rejected an appeal by former Nissan Chairman Carlos Ghosn's lawyers against his extended detention after his fourth arrest on allegations of financial misconduct.The decision upholds the extension of his detention through April 22 that was approved Monday by the Tokyo District Court.The Supreme ...

Nissan ex-chair Ghosn’s wife fears his trial may be unfair

Business 04/17/19, 10:03

The wife of Carlos Ghosn, the former chairman of Nissan and Renault, said Wednesday she is worried whether her husband, detained in Japan on financial misconduct allegations, will receive a fair trial, and expressed outrage over a justice system that dragged him back into custody."This has been a nightmare. We're ...

Nissan ex-chair Ghosn’s appeal on detention turned down

Business 04/15/19, 01:21

Japan's Supreme Court has turned down an appeal by the lawyers for Nissan's former Chairman Carlos Ghosn to end his detention following his arrest for the fourth time on financial misconduct allegations.The court decision came Friday, and was relayed to foreign media on Monday.Ghosn was arrested in November and released ...

Detention of Nissan’s ex-chair Ghosn extended to April 22

World 04/12/19, 02:03

The detention of Nissan's former Chairman Carlos Ghosn on suspicion of financial misconduct has been approved through April 22.Ghosn was arrested in November, released on bail last month but re-arrested last week on fresh allegations. The Tokyo District Court on Friday approved prosecutors' request to continue to hold Ghosn at ...

Wife of Nissan ex-exec Ghosn to be questioned in Tokyo court

Business 04/10/19, 22:43

The wife of Nissan's former Chairman Carlos Ghosn will be questioned Thursday by Japanese prosecutors in a Tokyo court.A person familiar with the situation has told The Associated Press that Carole Ghosn will be questioned voluntarily with Ghosn's legal team present and she was not a suspect. The person spoke ...

Ghosn’s lawyers appeal to Japan Supreme Court over detention

Business 04/10/19, 03:22

The lawyers for Nissan's former Chairman Carlos Ghosn, who was sent back to detention while out on bail, have filed a protest with the Japanese Supreme Court.The appeal was filed Wednesday.Lawyer Junichiro Hironaka told reporters that Ghosn's fourth and latest arrest is unfair.Ghosn was arrested in November, released on bail ...

Nissan ex-chair Ghosn says a ‘conspiracy’ led to his arrest

Business 04/09/19, 01:49

Nissan's former Chairman Carlos Ghosn is maintaining he is innocent and in a video released by his legal team accuses some executives at the Japanese automaker of a "conspiracy" that led to his arrest on financial misconduct allegations.Ghosn, wearing a white shirt and dark jacket, spoke calmly in a nearly ...

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