Nissan and Renault are ‘retooling’ their alliance, noting that former Nissan chair Carlos Ghosn ‘wielded too much power’
Jean-Dominique Senard, chair of Renault, left, and Hiroto Saikawa, president and CEO of Nissan Motor in Yokohama, Japan, on Tuesday, March 12 2019. Picture: BLOOMBERG/AKIO KON
The companies, together with junior ally Mitsubishi Motors said on Tuesday that the chair of Renault will serve as the head of the alliance but — in a critical sign of the rebalancing — not as chair of Nissan. “We are fostering a new start of the alliance. There is nothing to do with the shareholdings and the cross-shareholdings that are still there and still in place,” Renault chair Jean-Dominique Senard said at a news conference. “Our future lies in the efficiency of this alliance,” he told reporters at Nissan’s headquarters in Yokohama.
Ghosn, who has not spoken to media since his release, put in a request with a Tokyo court on Monday to attend Nissan’s board meeting the next day, but he was not given permission. Under the terms of his bail, he would have needed the court’s nod to attend.Ghosn will not hold a highly anticipated news conference until next week at the earliest and is not planning to attend Nissan’s shareholder meeting next month, his lawyer said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Renault, Nissan, Mitsubishi plan joint board meetingsRenault, Nissan, Mitsubishi plan joint board meetings on closer integration.
Read more »
Renault, Nissan, Mitsubishi unveil new joint board post-GhosnSenard also announced he would 'not be seeking' to replace Ghosn as head of Nissan but would be a 'clear candidate' to be vice-president of the company.
Read more »
Ex-Nissan chief Ghosn freed on bail after more than 100 daysCarlos Ghosn, who turns 65 on Saturday, faces three charges of financial misconduct over allegations he under-reported his compensation and tried to shift losses to Nissan's books.
Read more »
Former Nissan chairman to be released on $8.9 million bail - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Former Nissan Motor Co-Chairman, Carlos Ghosn, was set to be released on an $8.9 million bail on Wednesday, giving the once-feted executive fresh impetus to build a defence against what he has called 'meritless” financial misconduct charges.
Read more »
Carlos Ghosn leaves detention centre after being held for three monthsFormer Nissan chief pays hefty bail in cash
Read more »
Ex-Nissan chief Ghosn out on bailFormer Nissan chief Carlos Ghosn spent over 100 days in custody following his arrest in November 2018.
Read more »
Ex-Nissan chief Ghosn pays bail, set to leave Japan cell | News | World | M&GFormer Nissan chief Carlos Ghosn posted bail of 1-billion yen in cash on Wednesday, paving the way for his release from a Tokyo detention centre after more than three months in custody.
Read more »
Japanese court will not let Carlos Ghosn attend board meetingThe ousted Nissan CEO was hoping for his first face-off with his colleagues since his arrest
Read more »
Carlos Ghosn out on bail after more than 100 daysFormer Nissan chief Carlos Ghosn left his Tokyo detention centre Wednesday after more than 100 days in custody, following a shock court decision granting him bail of one billion yen (R125.13 million). Ghosn left the detention centre in northern Tokyo flanked by guards, wearing a blue cap, a white medical face mask and a work jacket with orange reflective stripes.
Read more »