Nissan is poised to widen its probe into Carlos Ghosn to investigate possible misconduct at its alliance joint venture entity with Renault and a host of subsidiaries, people familiar with the matter said, in a move that could trigger more criminal charges on the former chairman.
Nissan will file corrected earnings for past years in which Carlos Ghosn, the company's ousted chairman, allegedly under-reported his compensation by tens of millions of dollars.
Carlos Ghosn's arrest in Tokyo is already having consequences, from product marketing to international diplomatic relations. More complications could be ahead.
Nissan promised to improve corporate compliance after Tokyo prosecutors indicted former Chairman Carlos Ghosn, close aide Greg Kelly and the automaker itself for allegedly understating Ghosn's compensation.
Ousted Nissan boss Carlos Ghosn faces a landmark day in his Japanese judicial ordeal on Monday when prosecutors must decide to either indict or free the jailed auto executive.
Carlos Ghosn was planning to remove Nissan CEO Hiroto Saikawa before Ghosn was arrested in Japan last month for alleged financial misconduct, people familiar with the matter said.
Tokyo prosecutors are expected to charge Nissan as a corporate entity, alongside ousted chairman Carlos Ghosn for allegedly violating financial laws, a report said.
Nissan discovered more final inspection problems and said it will recall 150,000 vehicles in Japan as an executive blamed ousted boss Carlos Ghosn for partially fanning the lapses.
New details of Carlos Ghosn's alleged financial misconduct have come to light amid mounting speculation the ousted Nissan chairman could be re-arrested by Japanese prosecutors so he can be detained longer.
The attorney for the Nissan board member branded as the “mastermind” behind former Chairman Carlos Ghosn's alleged financial misconduct says his client did nothing wrong.
Japan's jail system treats Carlos Ghosn, one of the auto industry's most powerful executives, like any other criminal suspect.
As Carlos Ghosn sits in a cramped Japanese jail with the fate of his global auto empire in limbo, two conflicting scenarios are emerging to explain the stunning upheaval.
Toyota CEO Akio Toyoda takes on a new title as chief branding officer as part of an executive reshuffle. The company's North America and Europe chiefs have been promoted to operating officers.
The ouster of Carlos Ghosn gives CEO Hiroto Saikawa the green light to accelerate the undoing of his erstwhile mentor's work at Nissan. If it had seemed like the 65-year-old would be a transitional chief, he's now talking more like a transformational one, eager to get the company back on track in Japan and in the U.S.
Nissan CEO Hiroto Saikawa took aim at ousted chairman Carlos Ghosn in a companywide address for concentrating too much power in himself.
Mitsubishi Motors has joined alliance partner Nissan in removing Carlos Ghosn from his role as chairman following his arrest for alleged financial misconduct.
With a potential showdown brewing, how might sides align within Nissan's leadership team?
The call sign on the tail engine, "NI55AN," was a dead give-away of who had just touched down in the sleek corporate jet. Waiting for Carlos Ghosn on the tarmac was a team of black-suited Japanese investigators.
Without Carlos Ghosn, it might look like the global alliance he built could fall apart. But with platforms, purchasing and plants shared, unwinding Ghosn's creation could do more damage than keeping it together.
Japan's ongoing scandal over faulty final inspections stood as a symbolic backdrop to Nissan's bombshell ouster of superstar Chairman Carlos Ghosn.
Nissan expects to convene a special shareholders' meeting to remove Carlos Ghosn from its board.
Nissan's board voted to remove Carlos Ghosn as chairman and representative director, coming another step closer to ejecting the storied auto executive from the Japanese carmaker he once rescued from near bankruptcy.
Nissan's board voted to remove Carlos Ghosn as chairman and representative director despite a plea from alliance partner Renault to postpone the decision.
Nissan's directors vote within a matter of hours on the remarkable move to oust Chairman Carlos Ghosn. But even if they decide to dismiss him, the disgraced executive and his accused co-conspirator might still keep their board seats -- at least for now.
Nissan is preparing to fire its chairman for allegedly under-reporting his income and using corporate assets for personal use, a company spokesman said. CEO Hiroto Saikawa said the board will meet Thursday to discuss Ghosn's dismissal. Mitsubishi's board will be considering the same action.
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