That’s about $91 million or P4.6 billion
A little over a month ago, former Renault-Nissan boss Carlos Ghosn officially became a fugitive when he fled to Lebanon in what the Internet called a daring escape, to say the least. Nissan called that move 'regrettable' and assured that it
The Japanese carmaker says that the future of the Alliance is not in question
It seems that the ongoing Carlos Ghosn saga has greatly affected not only Nissan but Renault as well. According to a Reuters report, Renault shares have fallen to a six-year low, and rumors that Nissan could be preparing for a split
“I should have never been arrested in the first place”
The Carlos Ghosn saga continues. A few days following his dramatic escape to Lebanon, Ghosn held a huge press conference-as he previously promised-in which the fugitive executive claimed his innocence.Unfortunately, Ghosn had no intention to talk about how he
“The company will continue to take appropriate legal action”
The Renault-Nissan-Mitsubishi Alliance has broken its silence regarding disgraced auto industry bigwig Carlos Ghosn's daring escape to Lebanon.Last week, news of Ghosn's escape from Japan took the Internet by storm, after details emerged revealing that he had
The story continues
The admittedly exciting saga of Carlos Ghosn continues. In the latest development of the story, the Associated Press reports that the International Criminal Police Organization (Interpol) has issued a wanted notice to Lebanon for the disgraced former Renault-Nissan executive. In case
Ghosn in 60 seconds
More information regarding Carlos Ghosn's Tokyo escape is beginning to surface and, according to a recent report by The Guardian, the details are over-the-top enough for a Hollywood blockbuster script.The disgraced automotive-industry executive was supposedly snuck out
“I am now in Lebanon and will no longer be held hostage"
Disgraced former Nissan chairman Carlos Ghosn has fled Japan and is now taking refuge in the Lebanese Republic.According to a report by the New York Times and Lebanese newspaper Al-Joumhouriya, Ghosn escaped to Lebanon via a private jet from Turkey.
They were either jaw-dropping or facepalm-inducing
In 2011, Ferrari followed up its line of elegant two-door four-seater GT cars with the FF. And the world couldn't believe its eyes. A hatchback. A hatchback with four-wheel drive. A 4x4 hatchback with a V12 developing 651hp.
That’s quite a sum
Former Nissan Motor chairman Carlos Ghosn may have his freedom-at least for now.According to a report by NHK World-Japan, the embattled Ghosn-accused of "improperly receiving" about ¥1 billion worth of funds from a Nissan-Mitsubishi deal in 2018-
Learn from their example
Oh, how we all wish we could go through our lives without ever experiencing anything as horrid as the Fyre Festival. That infamous story, which you can see in full in an entertaining Netflix documentary, involved would-be 'techpreneur' Billy McFarland and
That's about half a billion pesos
The result of Mitsubishi's internal investigation regarding Carlos Ghosn's alleged misconduct is in, and it doesn't look good.Mitsubishi Motors Corporation (MMC) investigators found that the former chairman of the board "improperly received" payments amounting to approximately ¥1 billion (
The executive finally speaks out
It's been a rough few months for disgraced Nissan top honcho Carlos Ghosn. The once-celebrated executive has been sitting in a Japanese jail cell since reports of financial irregularities came to light. Now, the former Nissan chairman has gotten his
His first appearance since the scandal broke
Carlos Ghosn will finally get a chance to plead his case in public. According to a report by the Wall Street Journal, the disgraced former chairman of Nissan is set for his first public hearing this week.The report says that the
The highs and lows of the past year
The arrest of former Nissan-Renault-Mitsubishi boss Carlos Ghosn for under-reporting income came as a shock to the industry. Nissan itself blew the whistle on its own boss. Ghosn asserts innocence, claiming that the declaration was for unreceived income that
Corporate Japan seems done with the embattled executive
After Carlos Ghosn's swift ouster from Nissan Motor Company last week on allegations of financial mismanagement, it was Mitsubishi Motors' turn to remove the embattled European executive from its ranks. According to a report from Reuters, the decision was made after
An investigation has been going on for months
In a surprising turn of events, Nissan announced that it plans to oust its chairman, Carlos Ghosn, because of reported financial misconduct. According to a statement, Nissan said this is the result of an investigation that has been going on for several
His job? Saving companies from financial ruin
Carlos Ghosn once said: "Business is tough-you need tough guys." Without his toughness, companies like Renault and Nissan may have already ceased to exist.Just last year, he stepped down from his position as chief executive officer at Nissan. He stays
Up to $1 billion
The race is on between major carmakers seeking the next big breakthrough or discovery in automotive technology. But now the Renault-Nissan-Mitsubishi triumvirate has made a pretty big leap that arguably puts it ahead of the pack. The group has just
Part of its ASEAN expansion
Most of you probably know that a majority of our cars are manufactured in Thailand. Now, some of our Mitsubishi vehicles could also come from Indonesia. As part of its ASEAN expansion (which includes our local plant for the Mirage), the Japanese
Ghosn will remain as chairman
Big changes are happening over at Nissan HQ. The Japanese carmaker has just announced that Carlos Ghosn will step down as the company's chief executive officer (CEO). He will be replaced the current co-CEO and representative director Hiroto Saikawa beginning
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