New Nissan CEO brings global outlook but faces uphill task
October 10, 2019 | 09:48
Nissan's new chief executive Makoto Uchida is an insider with a global outlook, but he faces an uphill struggle to right the Japanese automaker still reeling from the Carlos Ghosn scandal.
Nissan seeks clean slate with CEO exit, but challenges remain
September 11, 2019 | 09:25
Crisis-hit Japanese automaker Nissan hopes the resignation of its embattled chief executive will help turn the page on the tumult unleashed by the arrest of former chief Carlos Ghosn.
Renault and Fiat Chrysler stuck over merger terms: Report
May 31, 2019 | 09:36
Talks between Fiat Chrysler and Renault have hit a roadblock over the financial terms of the proposed merger between the Italian-US and French carmakers, the French business daily Les Echos reported online on Thursday (May 30), citing sources close to Fiat Chrysler.
Ghosn held US$260,000 Rio party billed to Renault-Nissan, documents show
February 22, 2019 | 08:53
PARIS: Former Renault and Nissan head Carlos Ghosn and his wife invited friends to a US$260,000 Carnival party in Brazil last year and charged it to his employers, documents seen by AFP show, a move Ghosn's lawyer defended as a routine corporate function for a multinational CEO.
Nissan drives out chairman after arrest
November 23, 2018 | 10:00
TOKYO: Nissan's board sacked Carlos Ghosn as chairman on Thursday (Nov 22), a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct has stunned the business world, as France and Japan insisted they want the Nissan-Renault alliance to survive the scandal.
Ghosn custody extended as Nissan crisis deepens
November 22, 2018 | 11:00
Japanese authorities on Wednesday (Nov 21) extended Nissan Chairman Carlos Ghosn's detention by 10 days, as it emerged the car giant itself could face charges over the alleged financial misconduct that laid low its once-loved leader.
Nissan shares plunge as Ghosn faces ouster after arrest
November 20, 2018 | 21:32
TOKYO: Nissan and Mitsubishi shares plunged on Tuesday (Nov 20) after chairman Carlos Ghosn was arrested for alleged financial misconduct, that reportedly included exorbitantly priced houses and diverted compensation.
Renault-Nissan to invest $160 mn in Korea unit
July 20, 2012 | 16:53
The Renault-Nissan Alliance said Friday it will invest $160 million to roll out Nissan models at its South Korean unit, with analysts saying it would gain from a weak won and recent free trade deals.
Renault pays $750 mn for control of Russia's Avtovaz
May 04, 2012 | 09:12
French auto giant Renault and its Japanese partner Nissan announced a deal Thursday that gives them control of Avtovaz, owner of the iconic Lada brand, and greater access to the fast growing Russian market.
Renault stirs controveristy with factory in Morocco
February 10, 2012 | 09:24
Renault on Thursday inaugurated a giant factory in Morocco to build low-cost cars, sparking controversy at home in France where a loss of industrial competitiveness has rankled.
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