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Tag Archives: carlos ghosn
Nissan Shareholders Elect 7 Independent Directors Out of 11
The new board of directors comprises 11 individuals, seven of whom are independent outside directors. Power appears to be evenly split between Renault and Nissan despite Nissan’s and the Japanese government’s interest in asserting more control. Renault, which owns 43% of Nissan and the French government, which owns 15% of Renault, are pushing for a merger. Paper organization charts are not always how business is conducted in mega, joint venture corporations. So, it will take some time to see how this works out as the Ghosn matter proceeds through the Japanese “legal” system. Continue reading
Renault Returns the Nissan Abstinence Vote Favor
This after the French government asked for more time to study the FCA Renault merger when it learned that Nissan intended to abstain from a vote that would allow it to go forward. Continue reading
Renault Board Confirms Expenses Improperly Used by Ghosn
Several expenses incurred by RNBV for a total of ~€11 million include questionable air travel expenses for Mr. Ghosn; other expenses incurred for Mr. Ghosn; and gifts to non-profit organizations. Continue reading
Renault Board Backtracking on Carlos Ghosn Innocence
This is a significant departure from its initial backing of Ghosn in the latest twist of an ongoing global intrigue that involves in-fighting among Alliance partners, income inequality, trade wars and corporate governance policies in France, Japan and elsewhere. Continue reading
Ghosn Fallout – Nissan Changes American Senior Management
Japanese prosecutors have accused him of hiding his compensation and shifting personal investment losses to Nissan’s books. Ghosn denying the charges claims Nissan executives who opposed closer ties to Renault went to Japanese authorities with false charges. Adding to the intrigue, Ghosn remains on the Board of Directors at al three companies. Continue reading
Ghosn to be Gone at Next Nissan Shareholders Meeting
Renault-Nissan-Mitsubishi is today the world’s largest automotive partnership, with combined sales of more than 10.6 million vehicles. Continue reading
Posted in customer satisfaction, financial results, milestones, news analysis, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, carlos ghosn, connected vehicles, Greg Kelly, Jean-Dominique Senard Renault Chairman, Ken Zino, new vehicle reviews, Nissan leaf, Philippe Lagayette, Renault Chief Executive Officer Thierry Bolloré, Renault Nissan Mitsubishi Alliance
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Predictably – So-Called Tokyo “Court” Secretly Prolongs Detention of Carlos Ghosn By 10 Days According to TV Asahi
Ghosn, accused of aggravated breach of trust, is facing allegations of making the car maker take on ¥1.85 billion ($16.8 million) in investment losses that allegedly were his. (See AutoInformed from last Sunday: Japanese Justice or Farce?) Continue reading
Posted in auto news, litigation, news analysis, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, carlos ghosn, connected vehicles, Japanese corporate governance, Japanese Justice, Ken Zino, litigation, new vehicle reviews, news, news analysis, Nissan Motors, people
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Japanese Justice or Farce?
Carlos Ghosn remains in a tiny jail cell in jail for at least the rest of the year, a Tokyo court ruled today, Sunday 23 December 2018. Ghosn stays locked up until January 1, giving the Japanese “authorities” added time to question him – without his lawyer present – on more alleged wrongdoings as Nissan Motors CEO. Continue reading
Renault Board Investigation Backs Ghosn. Governance Measures Stay in Place. Compensation Controversy Ongoing
Their preliminary conclusion is that the compensation of Carlos Ghosn, Chairman and Chief Executive Officer of Renault and the conditions under which such compensation was approved followed applicable law as well as the recommendations of the *AFEP-MEDEF. The Board of Directors decided to maintain the current governance measures established on November 20, 2018. Continue reading
Posted in auto news, litigation, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, carlos ghosn, connected vehicles, corporate governance in France, ghosn, Groupe Renault, Kelly and Nissan Motor, Ken Zino, new vehicle reviews, Renault Nissan Mitsubishi Alliance, the Japan Financial Instruments and Exchange Act
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Ghosn, Kelly and Nissan Motor Corp. Indicted for Violating The Japan Financial Instruments and Exchange Act
Thus – as predicted – this case, besides from revealing the rift between Nissan and its European partner Renault that saved it from bankruptcy, has cast a cold beam of light on Japanese corporate governance – or is that non-governance? – practices. Continue reading
Nissan Board Deletes Carlos Ghosn as Chairman and Director
The board of directors for Nissan Motor Co. met today at the company’s global headquarters in Yokohama, Japan. The board endorsed the long-standing and profitable Alliance partnership with Renault saying, “it remains unchanged” and that “the mission is to minimize the potential impact and confusion on the day-to-day cooperation among the Alliance partners.” Continue reading
Posted in auto news, financial results, litigation, milestones, people
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Automotive Commentary, carlos ghosn, Ken Zino, new car reviews, nissan, Nissan Board of Directors, Renault Nissan Mitsubishi Alliance, Tokyo Stock Exchange
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Carlos Ghosn Given Temporary Reprieve by Renault Board
It was the latest twist on an ongoing saga that involves alleged tax evasion by Ghosn. It also raised, yet again, the embarrassing issue that foreign executives demand and receive far greater compensation than their Japanese equivalents. Continue reading
Nissan Chairman Carlos Ghosn Arrested and About to be Sacked by Board for Financial Misconduct. Renault-Nissan-Mitsubishi Alliance Position Threatened.
Ghosn as chief executive of the Renault-Nissan-Mitsubishi Alliance is now under fire. Ghosn retired from the highest job at Nissan last year, but remained heading the world’s largest automotive alliance, saying he planned on staying until 2020. Ghosn was paid ¥227 million in cash and stock options by Mitsubishi Motors in 2017. Continue reading
SEC Charges and Settles False Financial Disclosures Against Nissan, Former CEO Carlos Ghosn, Former Director Greg Kelly
Critics no doubt will say the settlement is laughable given the amount of money involved. Continue reading →