Disgraced Nissan boss Carlos Ghosn sues former employer for $1bn

Executive who jumped bail in Japan and escaped to Beirut has filed claim in Lebanese court

Carlos Ghosn, the disgraced former Nissan executive who jumped bail in Japan and fled to Lebanon, has filed a $1bn lawsuit against his former employer.

Ghosn, the mastermind of a carmaking alliance with Renault that also later involved Mitsubishi Motors, was detained in Japan in November 2018 amid allegations of financial misconduct involving a plot to deliberately underreport his remuneration.

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Car industry could see price war on hybrid vehicles in 2020

Firms may cut prices on plug-in electric hybrids to escape new EU emissions fines

Carmakers are bracing for a hybrid electric car price war this year as they try to avoid steep EU fines for carbon dioxide emissions.

Related: 2020 set to be year of the electric car, say industry analysts

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Carlos Ghosn: an arrest, an escape, and questions about justice in Japan

The feted car executive had railed against the motives behind his detention since the day he was arrested

Carlos Ghosn’s dramatic escape from Japan to Lebanon last week has raised many questions over how he pulled off such an audacious act, but his motives are not in doubt. With four months to go before his financial misconduct trial was due to begin, the net was closing in on the former auto executive, and he knew it.

Nissan’s one-time saviour had not been permitted to speak to his wife over Christmas, and was disturbed by news that Japanese prosecutors had questioned his son and daughter in the US in early December. For Ghosn, according to sources close to him, it amounted to an attempt to force him to confess.

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Carlos Ghosn escaped Japan ‘hiding in a musical instrument case’

His ‘big adventure’ reportedly involved his wife, a Gregorian band and ex-special services

Carlos Ghosn reportedly fled house arrest in Japan in a musical instrument case, in an audacious Hollywood movie-style escape masterminded by his wife, Carole, with the assistance of a Gregorian music band and a team of ex-special forces officers.

The escape began when the band arrived at his home in Tokyo, where Ghosn has been held under house arrest and strict police surveillance, according to Lebanese TV news channel MTV. At the end of the performance, as the musicians packed up their instruments, Ghosn – whose height is stated at 1.7m, or just under 5ft 6in, in his Wikipedia entry – apparently slipped into one of the larger cases and was taken to a small local airport.

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Carlos Ghosn, ousted Nissan boss, says he has fled ‘Japanese injustice’

Ghosn, who had been banned from leaving Japan, flies to Lebanon and says he will no longer be held in a rigged system

Carlos Ghosn, who is awaiting trial on charges of financial misconduct, has left Japan and arrived in Lebanon to “escape injustice”.

The former Nissan chairman issued a statement on Tuesday morning in which he said he would “no longer be held hostage by a rigged Japanese justice system where guilt is presumed”.

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Nissan plans to axe 12,500 jobs worldwide, carmaker reveals

Japanese motor giant refuses to say where cuts will fall as it seeks to revive flagging fortunes

Nissan said it would cut 12,500 jobs globally over the next three years as the Japanese carmaker tries to revive its business after profit was almost wiped out in the first quarter of its financial year.

The company, which employs about 8,000 people in the UK and 139,000 worldwide, did not disclose where the job cuts would fall. The cuts are bigger than expected after it emerged on Wednesday that at least 10,000 jobs would go.

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Nissan plans to shed 10,000 jobs worldwide, reports claim

Cuts would be twice as many as the carmaker announced in May and will increase fears of UK losses

The carmaker Nissan plans to cut more than 10,000 jobs around the world as part of efforts to turn itself around, Japanese media have reported.

Nissan announced in May it would cut 4,800 jobs from its global workforce of around 139,000 as it grapples with a fall in profits to a near-decade low amid “a difficult business environment”.

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Renault-Fiat Chrysler merger collapses

French government blamed as €33bn deal to create world’s third largest carmaker stalls

The proposed €33bn merger of Fiat Chrysler and Renault has collapsed after an intervention from the French government, Renault’s biggest shareholder.

Fiat Chrysler, an Italian-American company, withdrew from a 50-50 merger proposal for its French rival after a board meeting on Wednesday. A deal would have created the world’s third-largest carmaker behind Volkswagen and Toyota.

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Fiat Chrysler proposes merger with Renault to reshape car industry

Deal would create world’s third-largest automaker and ‘save €5bn a year’ by sharing research

Fiat Chrysler has proposed a merger with France’s Renault that would create the world’s third-largest carmaker and save billions needed to invest in the race to make electric and autonomous vehicles.

The merged company would produce 8.7m vehicles annually and save €5bn ($5.6bn or £4.4bn) each year by sharing research, purchasing and other activities, according to a statement released by Fiat Chrysler Automobiles (FCA). It said the deal would involve no plant closures but did not address potential job cuts.

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Carlos Ghosn’s lawyers say his treatment is illegal and inhuman

Prosecutors trying to force confession out of former Nissan chairman, says defence team

Carlos Ghosn’s lawyers have condemned his latest arrest as “inhuman”, claiming it has interrupted his treatment for chronic kidney failure and that prosecutors were attempting to force a confession out of the former Nissan chairman.

According to Reuters, Ghosn’s defence team said in documents prepared after he was arrested for a fourth time last week that Japanese prosecutors were attempting to frustrate their preparations for his trial – a date for which has yet to be set – and trying to force him to confess.

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Carlos Ghosn says ‘backstabbing’ Nissan conspiring against him

In video message ex-chairman says he is innocent and talks of fears for company’s future

Carlos Ghosn has accused Nissan executives of conspiring to have him arrested over unfounded fears about his plans for the Japanese carmaker, and saying he had been unfairly portrayed as a “dictator” by “backstabbing” former colleagues.

In a video recorded shortly before he was rearrested in Tokyo last week, the former Nissan chairman said he looked forward to a fair trial – a date for which has yet to be set – and he feared for Nissan’s future.

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Nissan shareholders sack Carlos Ghosn from company board

Nissan CEO Hiroto Saikawa opened meeting with a speech outlining allegations against his former mentor

Nissan shareholders have voted to eject Carlos Ghosn from the board, as the detained former chairman fights multiple financial misconduct charges that have landed him in custody.

The extraordinary shareholders’ meeting at a Tokyo hotel was the first such gathering since the stunning arrest of the 65-year-old auto sector titan on 19 November.

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Carlos Ghosn criticises ‘outrageous and arbitrary’ detention after fresh arrest

Former Nissan chairman says prosecutors are trying to ‘break him’ with latest move

Carlos Ghosn has been put back under arrest over allegations he misused company funds, prompting the former Nissan chairman to angrily denounce his detention as “outrageous and arbitrary”.

Japanese TV showed prosecutors arriving at Ghosn’s apartment in Tokyo, less than a month after he was freed on bail following more than 100 days in detention.

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Renault finds no illegal payments to Carlos Ghosn in past two years

Investigation will now examine payments made to former Nissan chairman before 2017

Renault has said it has so far found no evidence of illegal or fraudulent payments to Carlos Ghosn, despite the chief executive of the French carmaker remaining under arrest in Japan.

Ghosn was arrested in November by Japanese authorities over allegations he under-reported income from Nissan, the carmaker he formerly led alongside Renault. He remains in the custody of Japanese authorities in Tokyo.

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