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hiroto saikawalatest news & developments
Nissan CEO Hiroto Saikawa denounced his former mentor, Carlos Ghosn, in an emotional press conference, saying that too much power had been concentrated in the hands of one person. (Toru Hanai/Reuters)
CARLOS GHOSN

Ghosn arrest lays bare frustration at Nissan

Ghosn is under arrest on suspicion of understating his income by around $44-million over five years

  • Anne Beade
4 min read
The board of Nissan decided unanimously on Thursday to oust Ghosn as chairman, a spectacular fall from grace for the dynamic businessman credited with turning around the firm’s once-flagging fortunes by tying its fate to Renault. (Toru Hanai/Reuters)
AGENCY

Ghosn faces Mitsubishi sack as more allegations surface

Following his stunning arrest last Monday, Carlos Ghosn began his second week in a Japanese detention centre

  • Agency
3 min read
CARLOS GHOSN

Nissan crisis deepens as ‘charges loom’ over Ghosn case

Nissan’s board will decide on Thursday whether to remove the 64-year-old tycoon as chairman

  • Richard Carter
  • Joseph Schmid
4 min read
French President Emmanuel Macron discusses with Renault CEO Carlos Ghosn during a visit in the Renault factory in Maubeuge, France, November 8 2018. (Etienne Laurent/Reuters)
HIROTO SAIKAWA

Tech sell-off hits US stocks; Renault tumbles on CEO scandal

Renault’s long-term partner Nissan said it would ask its board to remove Ghosn as chairman after an inquiry uncovered ‘significant acts of misconduct’

  • Agency
2 min read