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 […]

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 […]

TOKYO  – Mitsubishi Motors Corp said on Monday its board removed Carlos Ghosn from his role as chairman, following his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct. Ghosn’s ouster marks the end of his chairmanship of Japanese automakers, just two years after he was praised for bringing […]

YOKOHAMA, Japan/PARIS – Nissan Motor Co’s (7201.T) board voted unanimously to oust Chairman Carlos Ghosn on Thursday after the shock arrest of the industry heavyweight, ushering in a period of uncertainty for its 19-year alliance with Renault (RENA.PA). The Japanese firm said its board also voted to remove Greg Kelly – who like Ghosn has […]

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 […]