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Old 19th November 2018, 14:55   #1
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Default Nissan chairman Carlos Ghosn arrested in Tokyo for financial misconduct

Nissan's Carlos Ghosn to be arrested by Japanese authorities for alleged financial violations.

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The newspaper reported that Ghosn, who is also chairman and chief executive of France's Renault, was suspected of having understated his own income on financial statements and had agreed to voluntarily speak to prosecutors.

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Last edited by volkman10 : 19th November 2018 at 15:13.
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Old 19th November 2018, 15:57   #2
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Default Re: Nissan: Carlos Ghosn steps down as CEO, will remain Chairman

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Originally Posted by volkman10 View Post
Nissan's Carlos Ghosn to be arrested by Japanese authorities for alleged financial violations.
Now dismissed.

Quote:
Nissan Motor Co. says an internal investigation found that its chairman, Carlos Ghosn, has underreported his income. The Japanese automaker said he will be dismissed.

http://www.14news.com/2018/11/19/lat...-be-dismissed/
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Old 19th November 2018, 16:15   #3
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Default Re: The story of Carlos Ghosn...in his own words

Nissan chairman Carlos Ghosn faces arrest over financial law violation.

Source: Japan Today https://japantoday.com/category/crim...-law-violation

Last edited by aah78 : 19th November 2018 at 20:56. Reason: Post moved to existing thread.
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Old 19th November 2018, 16:36   #4
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Default Re: The story of Carlos Ghosn...in his own words

Nissan Chairman Ghosn Arrested

https://gulfnews.com/world/asia/niss....1542623407437

Last edited by aah78 : 19th November 2018 at 20:56. Reason: Post moved to existing thread.
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Old 19th November 2018, 17:07   #5
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Default Re: Nissan: Carlos Ghosn steps down as CEO, will remain Chairman

Nissan's press release on Carlos Ghosn,

Nissan chairman Carlos Ghosn arrested in Tokyo for financial misconduct-1.jpg

Last edited by volkman10 : 19th November 2018 at 17:20.
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Old 19th November 2018, 18:46   #6
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Default Re: Nissan: Carlos Ghosn steps down as CEO, will remain Chairman

Nissan plans to fire Carlos Ghosn over 'misconduct' http://www.bbc.co.uk/news/business-46259420

Just read this article.
Sad that such a big guy in the Auto world has fallen....
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Old 19th November 2018, 18:47   #7
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Default Re: Nissan: Carlos Ghosn steps down as CEO, will remain Chairman

What a stupid thing to be done by what was a brilliant man
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Old 19th November 2018, 19:10   #8
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Default Nissan chairman Carlos Ghosn's arrested in Tokyo

Carlos Ghosn who is Chairman and CEO of Renault, and the Renault-Nissan-Mitsubishi alliance, arrested in Tokyo has thrown the auto industry’s largest global alliance into turmoil, with the Japanese carmaker saying it will seek to remove him.

Both Ghosn and Director Kelly were reporting compensation to securities regulators in Tokyo that was less than the actual amount, Nissan said, adding that they did this to reduce Ghosn’s disclosed compensation.

At Nissan, he was paid about 1.1 billion yen ($10 million) for 2016 and about $6.5 million in the most recent fiscal year. He took home about $8.5 million at Renault and about $2 million from Mitsubishi in the latest period. At Renault, his package for 2017 was narrowly passed by Renault shareholders, but only after he agreed a 20 percent reduction.

He is credited for saving Nissan from collapse and bringing Nissan, Renault and Mitsubishi together.

Source

Last edited by Aditya : 22nd November 2018 at 08:03. Reason: typo
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Old 19th November 2018, 20:02   #9
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Default Nissan chairman Carlos Ghosn removed over ‘significant misconduct', Arrested

Nissan chairman Carlos Ghosn removed over ‘significant misconduct,’ arrested

Excerpt
Nissan Motor Co. chairman Carlos Ghosn was removed after an internal investigation revealed he under-reported his income by millions of dollars and engaged in other “significant misconduct, the company said Monday.
Ghosn was also arrested Monday after he voluntarily submitted to questioning by Tokyo prosecutors, Japanese broadcaster NHK reported, though prosecutors did not confirm the move.
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Old 19th November 2018, 20:36   #10
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Default Re: Nissan India : The Way Forward

Just read this news of Carlos Goshn's arrest for financial misconduct.

Sharing the link below.

https://www.bbc.com/news/business-46259420

Last edited by aah78 : 19th November 2018 at 20:56. Reason: Post moved to existing thread.
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Old 19th November 2018, 20:50   #11
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Default Re: Nissan working on compact SUV to take on Ford EcoSport. Update: Named Kicks

Breaking. Nissan C.E.O just got a KICKs.

Last edited by navin : 20th November 2018 at 13:38. Reason: typo and added a smiley
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Old 19th November 2018, 20:53   #12
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Default Re: Nissan India : The Way Forward

Carlos' arrest is shocking.
This can hurt Nissan's India operations as they are already struggling to get a foothold in the market.

Last edited by aah78 : 19th November 2018 at 20:56. Reason: Post moved to existing thread.
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Old 19th November 2018, 23:26   #13
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Default re: Nissan chairman Carlos Ghosn arrested in Tokyo for financial misconduct

Another high profile auto company executive fades into oblivion and besmirches his reputation. Ghosn's long standing image was of a man who meant business and who displayed his prowess with ruthlessness full of unpopular decisions, to resurrect ailing car companies back to good health and profitability. He displayed vision in decisions concerning Renault, Nissan and Mitsubishi as corporate entities, but miserably failed to show a similar vision as far as his personal finances and dealings were concerned. The end is terrible and deplorable.

The auto industry in mid- 2018 very sadly lost Sergio Marchionne, another high profile auto executive and CEO of Fiat Chrysler to the inevitable, just before his tenure was about to end.

Last edited by anjan_c2007 : 19th November 2018 at 23:42.
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Old 20th November 2018, 04:41   #14
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Default Re: Nissan: Carlos Ghosn steps down as CEO, will remain Chairman

What a blow for the alliance, just when they were in the process if looking to consolidate their strengths and take the fight to the other manufacturers.
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Old 20th November 2018, 07:45   #15
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Default re: Nissan chairman Carlos Ghosn arrested in Tokyo for financial misconduct

I'm very, very upset. He's been one of my favourite automotive CEOs and an all-time great. His achievements are mega. Not only did he turnaround Nissan, but his tenure also led to some great products...as varied as the electric Leaf to the legendary GT-R.

But there is no excuse for a lack of ethics & morals. What an unfortunate fall from grace.
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