Category: Motor Age Articles

Nissan said it was seeking to block former chairman Carlos Ghosn’s access to an apartment in Rio de Janeiro, citing a risk that the executive, arrested and removed from his role for financial misconduct, may remove or destroy evidence.

Nissan said it was seeking to block former chairman Carlos Ghosn’s access to an apartment in Rio de Janeiro, citing a risk that the executive, arrested and removed from his role for financial misconduct, may remove or destroy evidence.

Ghosn indicted, rearrested, could face decade in prison; Nissan, Kelly also charged; Sources: Ghosn planned CEO’s ouster; Musk opens up on ’60 Minutes’; Dealers’ outlook dims.

German supplier Continental is considering acquiring software makers after the flotation of its powertrain unit expected in the second half of 2019, CFO Wolfgang Schaefer told Boersen-Zeitung.

Renault, the automaker in which the French state is the most powerful shareholder, is headed into a decisive week over its leadership.

Tesla will start the European rollout of its Model 3 in February, putting pressure on German premium brands that have seen the Model S outsell flagship sedans such as the Mercedes-Benz S class.

Like Lyft, Uber last week submitted its IPO filing to the Securities and Exchange Commission, a person familiar with the matter told Bloomberg.

Carlos Ghosn and Nissan were indicted in Japan on Monday for understating Ghosn’s income, as Tokyo prosecutors pushed ahead with the criminal investigation that has shaken the global auto industry.

Nissan promised to improve corporate compliance after Tokyo prosecutors indicted former chairman Carlos Ghosn, close aide Greg Kelly and the automaker itself for allegedly understating Ghosn’s compensation.

Nissan promised to improve corporate compliance after Tokyo prosecutors indicted former Chairman Carlos Ghosn, close aide Greg Kelly and the automaker itself for allegedly understating Ghosn’s compensation.