auto industry

 
 

Nissan probe into Ghosn trains lens on 'CEO Reserve' fund, Dutch unit

YOKOHAMA, Dec 15 ― Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn's use of an internal “CEO Reserve” fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged…


China's consumers, factory output take a beating as economic gloom deepens

BEIJING, Dec 14 ― China's November retail sales grew at their weakest pace since 2003 and industrial output rose the least in nearly three years as domestic demand softened further, underlining rising risks to the economy as China works to defuse…


EU in charge of trade policy, Merkel reminds car bosses

FRANKFURT AM MAIN, Dec 3 — Chancellor Angela Merkel today reminded German carmakers that Brussels is in charge of negotiating the bloc’s trade policy, a day before auto bosses are to hold talks at the White House as punishing US tariffs loom….


Japan court extends Ghosn detention

TOKYO, Nov 30 — A Tokyo court today extended the detention of former Nissan chief Carlos Ghosn, local media said, after his arrest on allegations of financial misconduct that have shaken the auto industry. The extension means Ghosn could remain in…


Japan prosecutors seek to extend Ghosn detention

TOKYO, Nov 30 — Tokyo prosecutors were expected today to request an extension to Carlos Ghosn's detention over allegations of financial misconduct against the former Nissan chief that have shaken the auto industry. Local media said prosecutors…


North American free trade deal to be signed in Argentina, says Kudlow

WASHINGTON, Nov 28 — The new North American Free Trade Agreement, which binds Canada, the United States and Mexico, will be signed on the margins of the G20 summit in Buenos Aires this weekend, White House economic advisor Larry Kudlow said…


Canada blindsided by GM closure, workers walk out in protest

TORONTO, Nov 27 — Hundreds of workers walked off the job and Canadian Prime Minister Justin Trudeau expressed “deep disappointment” after General Motors Co yesterday announced the closure of its Oshawa plant, catching governments and employees…


Mitsubishi: Scandal-hit ‘third wheel’ in Ghosn’s alliance

TOKYO: Mitsubishi Motors is sometimes the forgotten partner in the three-way alliance with Nissan and Renault that dominates the global auto industry, but the Japanese firm has a colourful – and scandal-hit – history. At an emergency board meeting later Monday, executives from the firm are expected to oust Carlos Ghosn as chairman following the […]


From cars to bars: Carlos Ghosn's Japanese cell

TOKYO, Nov 22 — A solitary cell, 30 minutes of daily exercise and two baths a week: Carlos Ghosn's new routine is a world away from the private jets and lavish parties the millionaire tycoon once enjoyed. The 64-year-old auto industry titan stands…


Nissan seeks more power in Renault alliance, governments urge stability

TOKYO, Nov 22 — Nissan wants more influence in its alliance with France's Renault following the arrest of group Chairman Carlos Ghosn, arguing the structure does not adequately reflect the Japanese carmaker's size and global sales. Japan's No.2…