Government, Business

Japan Officials Silent Over Ghosn Escape

Carlos Ghosn Carlos Ghosn, former chairman of Nissan Motor Co., center, sits in a vehicle as he left his lawyer's office in Tokyo on March 6, 2019. (Takaaki Iwabu/Bloomberg News)

Since news emerged on New Year’s Eve that fallen auto titan Carlos Ghosn skipped bail and fled the country, Japanese Prime Minister Shinzo Abe has been camped out in a luxury Tokyo hotel, sharing meals with family, hitting the gym and even playing golf.

January 2, 2020
Government, Business

New Nissan CEO Makoto Uchida Reaffirms Alliance, Promises Revival

Makoto Uchida Nissan CEO and President Makoto Uchida by Kyodo News via Associated Press

TOKYO — Nissan’s new chief executive Makoto Uchida reaffirmed Dec. 2 the importance of the Japanese automaker’s alliance with France’s Renault, as it strives to puts its financial scandals behind it.

Yuri Kageyama | Associated Press
December 2, 2019
Business, Technology, Equipment

Nissan Plans First Bond Sale Since Scandals After Leader Changes

Nissan Noriko Hayashi/Bloomberg News

Nissan Motor Co. is planning its first bond sale since scandals involving its ex-Chairman Carlos Ghosn and former CEO Hiroto Saikawa, according to people familiar with the matter.

November 20, 2019

Scandal-Hit Nissan’s Profits Crash Amid Lower Global Sales

Nissan gallery Tokyo Eugene Hoshiko/AP

TOKYO — Japanese automaker Nissan reported Nov. 12 that its July-September profit tumbled to half of what it earned the year before as sales and brand power crumbled following the arrest of its former chairman, Carlos Ghosn.

Yuri Kageyama | Associated Press
November 12, 2019
Business, Technology

Nissan Names CFO, Shuffles Executives as New CEO Takes Over

Nissan logo Luke Sharrett/Bloomberg

Nissan Motor Co. unveiled the responsibilities of its new top managers, appointing a new chief financial officer and making other executive moves as the Japanese automaker seeks to turn a new page almost a year since the arrest of former Chairman Carlos Ghosn.

November 1, 2019
Government, Business

Nissan Ex-Chairman Ghosn’s Lawyers Want Charges Dismissed

Carlos Ghosn Carlos Ghosn by Michel Euler/AP

TOKYO — The lawyers of former Nissan Chairman Carlos Ghosn, who is awaiting trial in Japan, said Oct. 24 they have requested that financial misconduct charges against him be dismissed.

Yuri Kageyama | Associated Press
October 24, 2019
Business, Technology, Autonomous

At Tokyo Auto Show, Visions for Cars of the Future, but no Ghosn

Akio Toyoda Toyota Motor Corp. President Akio Toyoda at the Tokyo Motor Show. (Koji Sasahara)

TOKYO — The Tokyo Motor Show opens this week with plenty of futuristic technologies but absent one of the auto industry’s hugest influencers: Nissan’s former chairman, Carlos Ghosn.

Yuri Kageyama | Associated Press
October 23, 2019

Nissan Appoints Head of China Business to Be New CEO

Makoto Uchida, Nissan CEO and president New Nissan CEO and President Makoto Uchida by Kyodo News via Associated Press

TOKYO — Nissan has tapped the head of its China business, Makoto Uchida, as its new president and CEO to help lead a recovery from the leadership crisis and sinking profitability that followed the arrest of former Chairman Carlos Ghosn last year.

Yuri Kageyama | Associated Press
October 8, 2019
Business, Technology

Nissan, Ghosn Fined $16 Million for Failing to Disclose Pay

Nissan Carlos Ghosn (Tomohiro Ohsumi/Bloomberg News)

Nissan Motor Co. and Carlos Ghosn will pay a combined $16 million to settle a U.S. regulator’s allegations that they failed to disclose more than $140 million in compensation that the automaker’s ex-chairman was slated to receive in retirement.

September 23, 2019
Government, Business, Technology, Safety

NHTSA Opens Probe Into Nissan Rogue Automatic Emergency Braking

Nissan Rogue Nissan Rogues by David Zalubowski/AP

DETROIT — The U.S. government’s road safety agency is investigating complaints that the automatic emergency braking on the Nissan Rogue can turn on for no apparent reason.

September 12, 2019