Nissan chairman Carlos Ghosn arrested in Tokyo. EDIT: Carlos escapes from Japan!

volkman10 · 19th November 2018, 14:55

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

Quote:

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.

Link

libranof1987 · 19th November 2018, 15:57

Quote:

Originally Posted by volkman10

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/

Fulcrum · 19th November 2018, 16:15

Nissan chairman Carlos Ghosn faces arrest over financial law violation.

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

snaseer · 19th November 2018, 16:36

Nissan Chairman Ghosn Arrested

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

volkman10 · 19th November 2018, 17:07

Nissan's press release on Carlos Ghosn,

Nissan chairman Carlos Ghosn arrested in Tokyo. EDIT: Carlos escapes from Japan!-1.jpg

shankar.balan · 19th November 2018, 18:46

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....

ajmat · 19th November 2018, 18:47

What a stupid thing to be done by what was a brilliant man

Highh5 · 19th November 2018, 19:10

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

sudeepg · 19th November 2018, 20:02

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.

Car's Paradise · 19th November 2018, 20:36

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

Sharing the link below.

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

PCS · 19th November 2018, 20:50

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

speedmiester · 19th November 2018, 20:53

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

anjan_c2007 · 19th November 2018, 23:26

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.

benbsb29 · 20th November 2018, 04:41

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.

GTO · 20th November 2018, 07:45

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.

19th November 2018, 16:15	#3
Fulcrum BHPian Join Date: Oct 2017 Location: Jaipur Posts: 76 Thanked: 317 Times	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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19th November 2018, 16:36	#4
snaseer BHPian Join Date: Feb 2017 Location: Mangalore Posts: 95 Thanked: 194 Times	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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19th November 2018, 17:07	#5
volkman10 Distinguished - BHPian Join Date: Dec 2010 Location: -- Posts: 23,404 Thanked: 67,780 Times View My Garage	Re: Nissan: Carlos Ghosn steps down as CEO, will remain Chairman Nissan's press release on Carlos Ghosn, Last edited by volkman10 : 19th November 2018 at 17:20.
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19th November 2018, 18:46	#6
shankar.balan BANNED Join Date: Apr 2008 Location: Bangalore Posts: 11,368 Thanked: 23,142 Times View My Garage Infractions: 0/2 (8)	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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19th November 2018, 18:47	#7
ajmat Team-BHP Support Join Date: Feb 2004 Location: Bangalore Posts: 14,858 Thanked: 27,925 Times View My Garage	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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19th November 2018, 19:10	#8
Highh5 BHPian Join Date: Dec 2016 Location: UP-14/15, TS-09 Posts: 508 Thanked: 1,246 Times	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
	(5) Thanks

19th November 2018, 20:02	#9
sudeepg BHPian Join Date: Feb 2006 Location: Bangalore Posts: 811 Thanked: 2,447 Times	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.
	() Thanks

19th November 2018, 20:36	#10
Car's Paradise BHPian Join Date: Apr 2016 Location: Surat Posts: 69 Thanked: 198 Times	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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19th November 2018, 20:50	#11
PCS BHPian Join Date: Apr 2009 Location: Bangalore Posts: 217 Thanked: 176 Times	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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19th November 2018, 20:53	#12
speedmiester Senior - BHPian Join Date: Jul 2006 Location: bangalore Posts: 2,387 Thanked: 6,630 Times	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.
	() Thanks

19th November 2018, 23:26	#13
anjan_c2007 Distinguished - BHPian Join Date: Jul 2008 Location: India Posts: 8,304 Thanked: 20,486 Times View My Garage	re: Nissan chairman Carlos Ghosn arrested in Tokyo. EDIT: Carlos escapes from Japan! 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.
	(5) Thanks

20th November 2018, 04:41	#14
benbsb29 Team-BHP Support Join Date: Nov 2006 Location: Brisbane Posts: 9,963 Thanked: 13,154 Times View My Garage	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.
	() Thanks

20th November 2018, 07:45	#15
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,497 Thanked: 300,308 Times View My Garage	re: Nissan chairman Carlos Ghosn arrested in Tokyo. EDIT: Carlos escapes from Japan! 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.
	(19) Thanks