Tokyo, Japan | AFP | Prosecutors in Japan on Tuesday obtained an arrest warrant for Carole Ghosn, wife of former Nissan chief Carlos Ghosn, who last month jumped bail and fled the country. The warrant was issued as the fallout from the escape of one of Japan’s most high-profile …
Read More »Renault interested in Fiat Chrysler merger but to hold new meeting
Paris, France | AFP | French carmaker Renault on Tuesday said it was studying “with interest” an offer for a merger with Fiat Chrysler (FCA) after a crunch management meeting but added its board would meet again for further deliberations. The board of Renault had been expected to decide Tuesday to …
Read More »Renault and Fiat Chrysler flirt with audacious mega-merger
Paris, France | AFP | French automaker Renault said Monday that it would study “with interest” a 50-50 merger proposal from Fiat Chrysler, a deal that could reshape the industry as Renault reviews its options following the arrest in Japan of its chief executive. Renault had for years tied its strategy …
Read More »Ghosn to appear in court: what happens next?
Tokyo, Japan | AFP | The case of auto tycoon Carlos Ghosn has gripped Japan and the business world since his stunning arrest in November, and now he is finally getting his day in court. Ghosn will be able to make his first public statement at a brief hearing on …
Read More »Ghosn set for court hearing in Japan over detention
Tokyo, Japan | AFP | Former Nissan Chairman Carlos Ghosn is likely to appear in a Japanese court next Tuesday to hear the reasons for his detention, after his lawyers deployed a little-used article of the Constitution. The shock move was the latest in a series of unexpected twists in …
Read More »Nissan fails to agree Ghosn replacement, as tensions with Renault grow
Tokyo, Japan | AFP | The board of automaker Nissan failed Monday to agree a replacement for former chairman Carlos Ghosn after his arrest for financial misconduct, as tensions grow in the firm’s alliance with Renault. The Japanese company removed Ghosn from his post last month after he was detained …
Read More »Ghosn gone: Nissan drives out chairman after arrest
Tokyo, Japan | AFP | Nissan’s board sacked Carlos Ghosn as chairman on Thursday, a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct has stunned the business world, as France and Japan insisted they want the Nissan-Renault alliance to survive the scandal. Ghosn, in jail …
Read More »Volkswagen clinches record sales in 2017
Frankfurt am Main, Germany | AFP | Germany’s Volkswagen said Wednesday it sold a record number of vehicles in 2017, putting it on track to hold on to the title of world’s largest carmaker two years after its “dieselgate” emissions scandal. Some 10.74 million vehicles from VW or its subsidiaries …
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