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Nissan crisis sheds new light on Japan Inc’s awkward secrets

The Observer Corporate governance Nissan crisis sheds new light on Japan Inc’s awkward secrets The fall of Carlos Ghosn is the just latest in a series of shocks involving some of the country’s biggest companies Nissan’s Carlos Ghosn is now under arrest. Photograph: Toru Yamanaka/AFP/Getty Images Even as Carlos Ghosn sits alone in a tiny… Continue reading Nissan crisis sheds new light on Japan Inc’s awkward secrets

Nissan: the board of directors has dismissed Carlos Ghosn

More than four hours of discussion and a unanimous decision. The board of directors of Nissan decided, Thursday night, to dismiss Carlos Ghosn of the presidency of the Japanese group. Greg Kelly, close to the French boss in charge of studying the different forms of rapprochement between Renault and Nissan, was also defeated from his… Continue reading Nissan: the board of directors has dismissed Carlos Ghosn

UPDATE 1-Ghosn’s exit not the time to alter Renault-Nissan alliance: French official

(Adds details) PARIS, Nov 22 (Reuters) – France has told Japan that now is not the time to contemplate changes in the power balance inside the Renault-Nissan alliance, an official in President Emmanuel Macron’s office said on Thursday. The Elysee Palace official described the financial misconduct accusations against Carlos Ghosn, who was ousted as Nissan… Continue reading UPDATE 1-Ghosn’s exit not the time to alter Renault-Nissan alliance: French official

France fears for Renaults influence: Why Ghosn turbo disassembly becomes a political issue

REUTERS The arrest and dismissal of Carlos Ghosn causes a stir among French politicians Nissan had already announced it two days ago, now Carlos Ghosn is finally rid of his high-ranking job with the Japanese automaker: Nissan’s inspectors have now decided unanimouslyTo remove Ghosn from his position as Chairman of the Nissan Board of Directors.… Continue reading France fears for Renaults influence: Why Ghosn turbo disassembly becomes a political issue

PSA and Toyota refocus their partnership on utilities

There is another Franco-Japanese team in the car, less exposed than Renault-Nissan these days. The one between PSA and Toyota. But that does not mean that nothing is happening in this partnership dating from 2001 . According to our information, Toyota and PSA have decided to broadly review the contours of their partnership. The builders… Continue reading PSA and Toyota refocus their partnership on utilities

Nissan: Carlos Ghosn dismissed by the board of directors

Nissan’s board of directors met on Thursday to decide the fate of Carlos Ghosn, almighty boss of the world’s number one car Renault-Nissan-Mitsubishi Motors. He voted his … Go to Source

Nissan boss detained for ‘another 10 days’

Japanese authorities have extended the detention of Nissan chairman Carlos Ghosn by 10 days, according to local media reports. It follows his arrest on Monday after Nissan made allegations of financial misconduct. Prosecutors had 48 hours after the arrest to press charges, release him or extend his custody. Nissan accused Mr Ghosn of under-reporting his… Continue reading Nissan boss detained for ‘another 10 days’

Board of Directors communication

Groupe Renault To take full advantage of the experience on our website, we suggest you turn your phone vertically. Download Conditions All materials on this website are the sole property of Renault SAS and/or of its subsidiaries or of any third party having granted Renault SAS permission to use them. Please note that these materials… Continue reading Board of Directors communication

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VinFast car prices fail to convince Vietnamese consumers

VinFast presented three models and their prices at its maiden show in Hanoi Tuesday afternoon. Its five-seat sedan Lux A2.0 and seven-seat SUV Lux SA 2.0, which had already been revealed to the public for the first time at the Paris Motor Show last month, cost VND800 million ($34,305) and VND1.136 billion ($48,709) respectively. The… Continue reading VinFast car prices fail to convince Vietnamese consumers