With their former chairman in jail, Nissan and Renault seek to revise partnership.
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Officials at both companies have publicly stated a goal of holding the alliance together. With the inclusion of the smaller Mitsubishi, it sold more than 10 million vehicles in 2018, second only to the Volkswagen Group. Tuesday marked the third time Ghosn has sought bail since he was unceremoniously hauled off his corporate jet last November, shortly after landing at Tokyo’s Haneda Airport. Under Japanese law, suspects are only supposed to remain in custody for up to 10 days, but prosecutors had used a variety of tactics to extend his stay. And they had previously convinced the court that Ghosn was both a flight risk and someone who might try to tamper with evidence if he were released.
The Ghosn case has proved embarrassing for everyone involved. His arrest followed what Nissan said was an internal investigation triggered by a whistleblower that revealed an effort to conceal as much as $88 million in income, along with other instances of corruption. A month ago, Ghosn’s wife called on human rights organizations to help free her husband, and “The court was partly influenced by the opinion of the entire world,” said Shin Ushijima, a former prosecutor and lawyer, after Tuesday’s court ruling. “People in general thought is too long. This will change Japan’s criminal procedures.”
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