TOKYO (AP) — Japanese securities regulators are recommending that automaker Nissan be fined 2. 4 billion yen ($22 million) for under-reporting compensation for its former chairman, Carlos Ghosn. The watchdog, the Securities and Exchange Surveillance Commission, said Tuesday it made...
Nissan will pay $15 million and former chairman Carlos Ghosn will pay $1 million to settle allegations by U. S. regulators that they hid more than $140 million of Ghosn's retirement benefits from investors. The Securities and Exchange Commission announced...
YOKOHAMA, Japan (AP) — Nissan Chief Executive Hiroto Saikawa tendered his resignation Monday after acknowledging that he had received dubious income and vowed to pass the leadership of the Japanese automaker to a new generation. Board member Yasushi Kimura told...
Renault Chairman Jean-Dominique Senard has expressed confidence that the French automaker's alliance with Nissan remains on track following the appointment of a new board at the Japanese firm in the wake of the scandal involving Carlos Ghosn, who chaired both...
Scandal-battered Nissan won its shareholders' approval Tuesday for a new system of committees to oversee governance and for keeping Chief Executive Hiroto Saikawa on its board. The Japanese automaker's profits and dividends have tumbled amid a high-profile scandal involving its...
TOKYO (AP) — The detention of Nissan's former Chairman Carlos Ghosn was approved through April 22 on Friday, allowing prosecutors to interrogate him daily on fresh allegations of financial misconduct. In Paris, the new board of Nissan's alliance with Renault...
Nissan's former Chairman Carlos Ghosn maintained his innocence in a video released by his legal team Tuesday and accused some executives at the Japanese automaker of a "conspiracy" that led to his arrest on financial misconduct allegations. "The first message...
Nissan's shareholders ousted the automaker's former chairman Carlos Ghosn from its board on Monday, seeking to shut the door on an era capped by scandal. More than 4,000 people gathered at a Tokyo hotel for a three-hour extraordinary shareholders' meeting...
