Wednesday, 21 August, 2019


Nissan, Renault, M'bishi group remains 2nd in global sales

Nissan X-Trail And the world’s biggest automaker for sales in 2018 was… Yes eagle-eyed reader... that's the Nissan X-Trail
Conrad Doyle | 31 January, 2019, 17:41

Ghosn responded to some of the specific charges laid against him.

He is also charged with aggravated breach of trust for having transferred to Nissan personal losses worth 1.85 billion yen from his private asset management company in 2008, and have the company pay $14.7 million to Khaled al-Juffali, a Saudi businessman who extended credit to him.

The embattled former chairman of Nissan has claimed his arrest over almost £60m of alleged fraud was the result of a "plot and treason" against him by executives at the company.

Nissan said on January 30 it sold 5.65 million vehicles last year, down 2.8 percent on the year.

Also Wednesday, Nissan Motor Co. said its global sales totaled 5.65 million vehicles past year, while Renault SA of France, which owns 43 percent of Nissan, recorded global sales of 3.9 million vehicles. Renault owns about 43 percent of Nissan with voting rights, while Nissan has a 15 percent non-voting stake in Renault.

Ghosn has been held in custody in Japan since last November, after being arrested on charges of financial misconduct, which he denies. He said he and Hiroto Saikawa, whom he had appointed as CEO of Nissan at the beginning of 2017, discussed the subject frequently in early 2018 but that talks had slowed over the summer before the two met in September.

Ghosn told the Nikkei he had no intention of fleeing and wants to defend himself in court.

Ghosn, who spearheaded Nissan's turnaround two decades ago, had pushed for a deeper tie-up between Nissan and Renault, including possibly a full merger, despite strong reservations at the Japanese corporation.

He told the Nikkei there was a plan to "integrate" the three companies but insisted it was meant to ensure there would be "autonomy under one holding company". 'All the evidence is with Nissan, and Nissan forbids all employees to talk to me'.

Another accusation against him revolves around some $9 million allegedly paid to him from a joint venture based in The Netherlands but Ghosn rejected this, saying the claims of improper payments were "a distortion of reality". He justified the houses on the grounds that he "needed a safe place where [he] can work and receive people in both Brazil and Lebanon".

After his arrest, the Brazilian-born Frenchman had plans to attend a Renault board meeting in Paris, explaining his position, and holding a news conference. The French government is the most powerful shareholder in Renault.

Asked about the alliance's future, Ghosn said, "I can not speculate".

Ghosn has been in custody since his November 19 arrest in Tokyo.

When asked about his health, he said he was "doing fine".

Recommended

loading...
...

Howe delighted as Bournemouth thrash Chelsea Howe delighted as Bournemouth thrash Chelsea But for Chelsea fans, fortunately, they can continue singing "Hudson-Odoi, we want you to stay" for a few more months at least. But 45 minutes of largely listless possession and a second-half collapse brought the naysayers to the fore.

Child abuse is ‘a human problem,’ Pope says, tamping down summit expectations Child abuse is ‘a human problem,’ Pope says, tamping down summit expectations The Pope reminded us that every time we fall, God helps us back up and that he is always there to help us. On Sunday, the pontiff asked for prayers for all those who died.

Alibaba's single-quarter revenue hits US$17.46 billion Alibaba's single-quarter revenue hits US$17.46 billion Chinese consumers are still fundamentally very strong and consumption is going to grow over the next 5 to 10 years, he added. Chinese consumers are spending strongly despite an economic slowdown, the chief executive of Alibaba said yesterday.

Brexit deal: Jean-Claude Juncker reconfirms the Withdrawal Agreement can not be renegotiated Brexit deal: Jean-Claude Juncker reconfirms the Withdrawal Agreement can not  be renegotiated But that has to be an agreement that gains the support of a majority of MPs in the House of Commons. Jill Lawless reported from London.

Xiaomi’s Redmi Note 7 Pro to have 6GB RAM and 128GB storage? Xiaomi’s Redmi Note 7 Pro to have 6GB RAM and 128GB storage? Powering the Redmi Go is a modest 3,000mAh battery which charges via microUSB and it also lacks a fingerprint sensor. The Redmi Note 7 is ahead of the competition here too, coming with Android Pie 9.0 with Xiaomi's MIUI 10 on top.

Coutinho nets 2 as Barcelona routs Sevilla to reach Copa semis Coutinho nets 2 as Barcelona routs Sevilla to reach Copa semis Espanyol had Marc Roca sent off stoppage time for second booking before Betis scored twice through Sergio Leon and Aissa Mandi. Two minutes later, Sergi Roberto extended the home side's cushion further after sweeping home a well-weighted pass from Messi.

USA stocks rally on earnings, dovish Fed, Companies & Markets News & Top Stories USA  stocks rally on earnings, dovish Fed, Companies & Markets News & Top Stories The Philadelphia Semiconductor index rose about 1.64 percent, while the S&P technology index gained 2.00 percent. The FTSEurofirst 300 index of leading shares in Europe closed up 0.41 percent.

Student Dies After Eating Leftover Pasta That Was Five Days Old Assuming he was suffering from a common case of food poisoning , he drank water and went to bed, hoping to sleep it off. Bacillus cereus is a spore forming bacteria that produces toxins, causing cause vomiting and diarrhea.

Upcoming iPad And iPad Mini May Not Come With Face ID Upcoming iPad And iPad Mini May Not Come With Face ID For the last few months we've heard rumors about a new iPad Mini for 2019, while word of a new iPod Touch is a surprise for many. Data stemming from iOS 12 .12 beta suggests that Face ID authentication may not be supported with the new iPad and iPad mini .

Reasons Not to Install iOS 12.2 Beta & 4 Reasons You Should Reasons Not to Install iOS 12.2 Beta & 4 Reasons You Should In this walkthrough we'll take you through the best reasons to try the iOS 12 .2 beta on an iPhone, iPad, or iPod touch. We're still a ways off from the iOS 13 release date, and the beta of iOS 12 .2 shouldn't be seen as an alternative.

Trump Administration Begins 'Remain In Mexico' Policy, Sending Asylum-Seekers Back Trump Administration Begins 'Remain In Mexico' Policy, Sending Asylum-Seekers Back The development came on the same day Homeland Security Secretary Kirstjen Nielsen visited the San Diego border crossing. A Mexican official, speaking on condition of anonymity, also said the first group would be sent across on Tuesday.

Ole Gunnar Solskjaer's arrival prompts Anthony Martial to sign new deal Ole Gunnar Solskjaer's arrival prompts Anthony Martial to sign new deal The report claims that United are refusing to confirm if a fee has been agreed for the midfielder. Fellaini will find it tough to get regular games at United , given Solskjaer's magic at the club.

Gunners enter race to sign Idrissa Gueye ahead of PSG Gunners enter race to sign Idrissa Gueye ahead of PSG There have been no new offers". "For our players, I want their full focus even if we know the market is still open until the 31". If Gueye is to leave Goodison Park before tomorrow's deadline, any potential deal is set to go right to the wire.

New Zealand vs India on January 31 New Zealand vs India on January 31 His failures along with Munro's poor form has put a lot of pressure on the middle-order in this series which had led to them struggling.

Australian police raid stables of Melbourne Cup-winning trainer Darren Weir Australian police raid stables of Melbourne Cup-winning trainer Darren Weir Champion race horse trainer Darren Weir and two other men have been arrested with police seizing a gun in an early morning raid. Victorian Racing Minister Martin Pakula said the investigation showed authorities were enforcing rules "without fear or favour".