Carlos Ghosn arrested

Discussion in 'General' started by jdbob, Nov 19, 2018.

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  1. gooki

    gooki Well-Known Member

    News starting to come out from the Renault side.
    https://europe.autonews.com/automakers/renault-said-be-near-first-conclusions-ghosn-probe
     
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  3. gooki

    gooki Well-Known Member

    Juicy news. Carlos Ghosn was planning to remove Nissan CEO Hiroto Saikawa.

    https://europe.autonews.com/automakers/ghosn-planned-remove-saikawa-nissan-ceo-arrest-japan-sources-say
     
  4. gooki

    gooki Well-Known Member

  5. gooki

    gooki Well-Known Member

    Ghosn charged.

    https://asia.nikkei.com/Business/Nissan-s-Ghosn-crisis/Ghosn-and-Nissan-charged-with-underreporting-of-pay
     
  6. Pushmi-Pullyu

    Pushmi-Pullyu Well-Known Member

    I'd say make some popcorn and enjoy the show... but if Ghosn is being subjected to repeated daily interrogations intended to break him down and force a confession regardless of the facts, then it's hardly a "show" that we should be enjoying. :(

    Maybe I'm biased, but my sympathy is definitely with the accused in this case. Criminal charges seem all out of proportion to the alleged regulatory infractions.

    P.S. -- Thanks again, Gooki, for keeping us up-to-date!

     
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  8. gooki

    gooki Well-Known Member

    As predicted Ghosn’s detention has been extended.

    https://asia.nikkei.com/Business/Nissan-s-Ghosn-crisis/Ghosn-s-detention-extended-by-another-10-days
     
  9. gooki

    gooki Well-Known Member

    https://asia.nikkei.com/Business/Nissan-s-Ghosn-crisis/List-kept-by-Ghosn-allegedly-shows-pay-discrepancies
     
  10. gooki

    gooki Well-Known Member

    Ghost files complaint.

     
  11. gooki

    gooki Well-Known Member

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  13. Pushmi-Pullyu

    Pushmi-Pullyu Well-Known Member

    Hard to believe the Renault-Nissan alliance will survive this.

    But we'll see.

     
  14. gooki

    gooki Well-Known Member

    Denied

    Maintaining innocence

    https://www.reuters.com/article/us-nissan-ghosn/court-rejects-nissan-ex-chairman-ghosns-appeal-to-end-detention-idUSKBN1OA0EQ
     
  15. gooki

    gooki Well-Known Member

    No wrongdoing at Renault.

     
    Last edited by a moderator: Dec 13, 2018
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  16. Pushmi-Pullyu

    Pushmi-Pullyu Well-Known Member

    Sounding like a broken record here, but thanks again Gooki for keeping us updated on this important story!
    :)
     
  17. specialgreen

    specialgreen New Member

    My guess is that some people are hoping the alliance splits-up, or at-least that Renault sells its stake, "unleashing" Nissan and Mitsubishi. But it would be interesting for Renault to purchase $2.2bn in Nissan, taking a majority share to protect itself and the alliance, then declare a full merger.

    Personally, I think the alliance was a great blueprint for how to make domestically-focused manufacturers competitive. For example, there are lots of US drivers who will "only drive a Ford [truck]". Those buyers won't accept Ford if it is foreign-owned. But if Ford becomes a 1-country truck company, it won't last long, either. Having Ford become part of an "almost-merger" (such as its EV sharing with VW) could be the "best of both worlds."
     
    Last edited: Dec 13, 2018
  18. Pushmi-Pullyu

    Pushmi-Pullyu Well-Known Member

    Alliances between large auto makers will likely become much more important over the next few years, as the pressure on legacy auto makers to convert to making BEVs becomes more intense. Splitting the R&D cost for developing true BEVs -- as opposed to trying to shoehorn a BEV powertrain into an existing gasmobile -- will help legacy auto makers survive.

    From Teslarati.com: "Ford and VW are considering an alliance to push EVs in Tesla-dominated market"

     
  19. gooki

    gooki Well-Known Member

    Renault keeping Ghosn on for now.

     
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  20. gooki

    gooki Well-Known Member

    Exploring new leadership options.

     
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  21. gooki

    gooki Well-Known Member

    Looks like Renault may be looking to exercise some of their power as a majority Shareholder of Nissan.

     
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  22. gooki

    gooki Well-Known Member

    Request for shareholder meeting denied.

     
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  23. The future of the Alliance is not looking good. Nissan might find itself back in the minor leagues at this rate. Way to go, Saikawa-san.
     

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