After Ghosn, Nissan and Renault retool alliance as ‘equals’ GlobeBusiness
Renault Chairman Jean-Dominique Senard, left, speaks as Nissan CEO Hiroto Saikawa listens during a joint press conference at the Nissan headquarters in Yokohama, near Tokyo, Tuesday, March 12, 2019. The chief executives of Renault, Nissan and Mitsubishi announced Tuesday a new board to oversee the French-Japanese auto alliance.
The ouster of Ghosn, one of the world’s most celebrated executives for his rescue of Nissan from near-bankruptcy in 1999, had caused much soul-searching about the future of the alliance. Nissan has said the executive wielded far too much power, creating a lack of oversight and corporate governance.“This is an equal partnership,” Nissan Chief Executive Hiroto Saikawa told a news conference.
Separately, a Tokyo court on Monday rejected Ghosn’s request to attend Nissan’s board meeting, denying a seat at the table to the executive who drove the alliance with Renault for two decades. In the wake of the scandal, Renault has started its own review of payments to Ghosn. French prosecutors have opened a preliminary inquiry into how he financed his 2016 wedding at the Chateau de Versailles, French media have reported.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japanese court grants bail to ousted Nissan chair Carlos Ghosn, prosecutors appealJudges accepted defence lawyers’ assurances that Ghosn would submit to extensive surveillance and set his bail at $9-million
Read more »
Former Nissan chairman Ghosn released after posting bailThe former chairman of Nissan Motor Co., Carlos Ghosn, appears to have left the Tokyo Detention Center after posting 1 billion yen (US$8.9 million) bail.
Read more »
Former Nissan chairman Ghosn released after posting bailThe former chairman of Nissan Motor Co., Carlos Ghosn, appears to have left the Tokyo Detention Center after posting 1 billion yen ($8.9 million) bail.
Read more »
Ousted Nissan boss Ghosn leaves Tokyo jail, vows to fight ‘meritless’ chargesOusted Nissan boss Ghosn leaves Tokyo jail, vows to fight ‘meritless’ charges GlobeBusiness
Read more »
Carlos Ghosn blocked by Japan court from attending board meetingWould be the first meeting for the ousted Nissan boss with colleagues since his arrest
Read more »
Ghosn, out on bail, wants OK to go to Nissan's board meetingNissan's former chairman Carlos Ghosn, released on bail last week, is asking for a court's approval to attend the Japanese automaker's board meeting Tuesday.
Read more »
Japanese court grants bail to ousted Nissan chair Carlos Ghosn, prosecutors appealJudges accepted defence lawyers’ assurances that Ghosn would submit to extensive surveillance and set his bail at $9-million
Read more »
Former Nissan chairman Ghosn released after posting bailThe former chairman of Nissan Motor Co., Carlos Ghosn, appears to have left the Tokyo Detention Center after posting 1 billion yen (US$8.9 million) bail.
Read more »
Former Nissan chairman Ghosn released after posting bailThe former chairman of Nissan Motor Co., Carlos Ghosn, appears to have left the Tokyo Detention Center after posting 1 billion yen ($8.9 million) bail.
Read more »