Renault-Nissan alliance board could be divided over Ghosn's fate

Renault's acting deputy chief executive Thierry Bollore attends a news conference about the situation with Renault at the Bercy Finance Min

The Japanese car-maker says Ghosn under-reported his salary and used company assets for personal use.

Prosecutors arrested Ghosn Monday, accusing him and fellow executive Greg Kelly of understating the former chairman's income by around five billion yen ($44 million) between June 2011 and June 2015.

"At the beginning of the session, the board acknowledged the significance of the matter and confirmed that the long-standing Alliance partnership with Renault remains unchanged and that the mission is to minimise the potential impact and confusion on the day-to-day co-operation among the Alliance partners", the Nissan statement said.

Mr Ghosn was the head of the Japanese automaker since 1999 and is widely credited for turning it around from losses.

The decision was taken after the board of directors met to discuss the issue.

He received a visit from Brazilian consul Joao de Mendonca on Thursday who told AFP that Ghosn "sounded very well, in good health".

Alexandria Ocasio-Cortez Fears Nothing :: Politics :: News :: Alexandria Ocasio-Cortez
Her future is in the Democratic Party, not the Republican one, and her ideas speak for themselves. She has taken $6,200 in salary from her campaign coffers since August.


Ghosn became a board member of Zi-A Capital when it was established but resigned the following year. He hasn't commented on the allegations or been seen in public since his arrest.

Renault owns 43.4 percent of Nissan, while Nissan has only a 15-percent non-voting share in Renault.

This was informed in the press service of Nissan. The French side, conversely, has been keen to maintain - if not intensify - the relationship. However, he is still, at least for now, chairman and chief executive of both Renault and the alliance.

Carlos Ghosn has held senior positions at Renault since the end of 1996.

Interim Renault CEO Thierry Bollore said "the alliance is vitally important for Renault and we will ensure total continuity with our partners".

Related News:



Most liked

Range Rover’s Compact Evoke SUV Gets a Makeover (With Eco-Friendly Options)
These changes are expected to allow the Evoque to stay true to the thoroughness of the urban SUV that the previous model ensured. Full local pricing and specifications will be announced closer to the new Evoque's local arrival in the second quarter of 2019.

'Married man' Justin Bieber says wants to be more like Jesus
The model's Instagram name now reads Hailey Rhode Bieber, whilst her username has changed from @haileybaldwin to @haileybieber. The name change comes just days after Justin posted a picture of them together on Instagram and wrote: "My wife is awesome".

Copa Libertadores final: SHOCK footage from inside Boca bus, windows SMASHED
No visiting fans are allowed in the stadium, following a 2013 ban on away fans to stop football related violence in Argentina . Television pictures from the entrance to the Boca dressing room showed many players and staff seemingly affected by the gas.

Power Rankings: Gonzaga earns the No. 1 spot
Williamson needed a few minutes to adjust to the talent that greeted him inside but ultimately emerged as Duke's emotional engine. Duke's men's basketball program looked pretty invincible during its first couple of games of the 2018-19 regular season.

Trump asylum ban blocked
Another judge rejected the administration's request to try to detain migrant families in long-term facilities. LEE GELERNT: Congress has specifically said people can apply for asylum regardless of where they enter.

Trump escalates his feud with Roberts over 'Obama judges' rebuke
It would not necessarily stop migrants from coming either; Trump would have to contend with the same asylum laws already vexing his efforts to harden the border.

Trade Rumors Washington Wizards Wall and Beal
Now, it is being reported by Adrian Wojnarowski this comes after Wall lashed out at his coach Scott Brooks in a recent practice. They have a few big contracts on the books, headlined by Wall's $170 million extension that kicks in next season.

Democratic senators sue over Whitaker's appointment as AG
Miller's attorney Paul Kamenar explained that Miller didn't show so he would be held in contempt - so that he could appeal U.S. Whitaker has not recused himself from overseeing the probe despite Democratic calls for him to do so.

Apple foldable iPad? No, just an easily bendable iPad Pro
The version of this case for the 12.9-inch iPad Pro (3rd Gen) is exclusively at Apple.com for $89.95. As you'll see in the video below, the metal can be scratched easily, but you won't damage it.

J.R. Smith Will Stay Away From Cavs While Waiting On Trade
He won't play or attend Cavs games, including Wednesday's return by James to Cleveland with his new Los Angeles Lakers teammates. Smith's departure is the latest upheaval in a stormy season for Cleveland , which is league-worst 2-13.

American Killed After Illegally Making Contact With Isolated Indian Tribe
Vijay Singh, a police officer said seven fishermen who allegedly facilitated his trip to North Sentinel Island were arrested. The AFP news agency quoted a source as saying that Chau had tried and failed to reach the island on 14 November.

Tekashi 6ix9ine and Associates Arrested Faces Gun & Racketeering Charges
Last week the rapper revealed in an Instagram clip that he had dismissed his entire staff, including his manager and booker. Rap star Tekashi 6ix9ine was officially indicted by a grand jury for a litany of charges, including an attempted murder.

Leader of Japanese-French Car Alliance Arrested
Now Ghosn's arrest in Japan for alleged financial improprieties at Nissan could put the almost 20-year-old alliance in jeopardy. Nissan said it was providing information to the prosecutors and cooperating with their investigation.

The note passed to Virgil van Dijk before equaliser v Germany
Liverpool centre-back Virgil van Dijk is among the best defenders in world, according to fellow Netherlands global Davy Klaassen. If they lose, then the World Champions France will be the 4th team to reach the final.

Deepika debuts stunning mangalsutra from Ranveer. What is its cost?
The two have shared six new pictures from their mehendi , haldi and wedding ceremonies in Italy, each more lovely than the other. Deepika Padukone and Ranveer Singh will hold a grand reception in Mumbai and Bengaluru on 21 and 28 November respectively.