• Nissan Chairman Ousted Amid Investigation Over Financial Misconduct

    22 days ago - By NPR

    Carlos Ghosn, who also chairs Renault and Mitsubishi, is widely admired for saving Nissan from bankruptcy nearly 20 years ago. Now he has been accused of underreporting income and reportedly arrested.
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  • Nissan moves to dismiss chairman Ghosn for serious financial misconduct

    Nissan moves to dismiss chairman Ghosn for serious financial misconduct

    22 days ago - By Philly

    Ghosn is regarded as one of auto industry's top executives, and one of the best-paid.
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  • Nissan's legendary boss is under arrest

    22 days ago - By Reuters

    Renault-Nissan chief Carlos Ghosn has been arrested by Japanese authorities over alleged spending irregularities, while the Japanese auto giant says it is already moving to terminate his contract. Matthew Larotonda reports.
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  • Here's why Nissan chairman Carlos Ghosn was arrested in Japan

    22 days ago - By Fast Company

    The arrest came after a whistleblower reported financial misconduct.
    Nissan's powerful Chairman, Carlos Ghosn, has been arrested on charges of financial misconduct. Several months ago a whistleblower reported that Ghosn and another board member, Greg Kelly, had been underreporting Ghosn's compensation, Nissan said in a statement. While it's unclear what Kelly got out of the deal, Ghosn apparently just wanted to make himself richer by not paying taxes on an estimated 5 billion yen. In addition to underreporting his income, Ghosn was reportedly also making personal use of company assets and...
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  • The shocking downfall of Carlos Ghosn could send the largest car company in the world into disarray

    The shocking downfall of Carlos Ghosn could send the largest car company in the world into disarray

    22 days ago - By Business Insider

    Renault-Nissan-Mitsubishi Alliance chairman and CEO Carlos Ghosn was arrested by Japanese law enforcement on Monday.
    Nissan revealed that an internal investigation concluded that Ghosn allegedly under-reported his income and misused corporate assets.
    Nissan said it will dismiss Ghosn as its chairman.
    Ghosn allegedly reported only half of the $88.7 million he earned in a five year period ending in March 2015.
    Ghosn is the mastermind behind the Renault-Nissan-Mitsubishi Alliance, which sold more than 10.6 million cars in 2017, the most of any carmaker in the world.
    Renault-Nissan-Mitsubishi...
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  • Nissan's Drama Looks a Lot Like a Palace Coup

    22 days ago - By Washington Post

    Whatever the truth about Carlos Ghosn, Nissan's CEO Hiroto Saikawa certainly had little good to say about his chairman on Monday.
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  • Nissan slides after Chairman Carlos Ghosn is arrested over financial misconduct allegations

    Nissan slides after Chairman Carlos Ghosn is arrested over financial misconduct allegations

    22 days ago - By Business Insider

    Nissan on Monday said it uncovered "significant acts of misconduct" linked to Carlos Ghosn, its chairman.
    Nissan accused Ghosn and another board member of misrepresenting salaries over many years and Ghosn of using company assets for personal use.
    The company confirmed that Ghosn was arrested in Tokyo, Japan.
    Watch Nissan trade live here.
    Nissan is sliding, down as much as 6% on Monday, after Carlos Ghosn, its chairman, was arrested in Japan and faces being removed from his role amid accusations of "significant acts of misconduct."
    The chairman and the representative director Greg Kelly...
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