Renault and Nissan have pledged to continue their alliance as its architect, Carlos Ghosn, resigned from the French carmaker. Mr Ghosn’s resignation came as he remained incarcerated in Japan where he is accused of financial misconduct at Nissan. Renault said Michelin’s Jean-Dominique Senard had been appointed chairman, and Thierry Bolloré chief executive. Mr Ghosn was […]

Nissan and Mitsubishi have said Carlos Ghosn received “improper payments” totalling €7.8m ($8.9m; £6.9m) from a joint venture between the carmakers. The claim follows a joint investigation by the companies into misconduct carried out by Mr Ghosn. Mr Ghosn, former chairman of both firms, has been detained since November on charges involving financial crimes. Both companies sacked […]

Prosecutors in Japan have indicted former Nissan chairman Carlos Ghosn with two fresh charges involving financial crimes. Mr Ghosn, who has been detained since November, was charged with aggravated breach of trust and understating his income. He had already been indicted on a separate charge of underreporting his pay over five years. Mr Ghosn, whose […]

Former Nissan chairman Carlos Ghosn has been re-arrested on fresh charges, Japanese media report, dashing any hopes he could be released on bail. Mr Ghosn has spent the last month in prison, accused of misusing funds and hiding more than $40m (£31m) of income. But on Thursday a court rejected a request by the prosecution […]

Nissan chairman Carlos Ghosn has been arrested over claims of financial misconduct, the carmaker has said. Mr Ghosn, a towering figure in the car industry, will be sacked from the Japanese firm after a board meeting on Thursday, its chief executive said. He has been accused of “significant acts of misconduct”, including under-reporting his pay […]