Diabytes
Carlos Ghosn News
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Ousted Nissan boss Carlos Ghosn was in his childhood home of Lebanon on Tuesday after fleeing what he said was a "rigged" justice system in Japan, raising questions about how one of the world`s most-recognised executives slipped away while on bail.
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Japanese prosecutors arrested ousted Nissan Motor Co boss Carlos Ghosn for a fourth time on Thursday, broadcaster NHK said, after reports authorities were building a new case against him over payments made to a dealer in Oman.
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Ghosn was arrested in Japan for alleged financial misconduct.
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This is the second time that the judge has rejected Ghosn`s bail plea, reports Efe news.
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Ghosn`s alleged co-conspirators, Nissan Director Greg Kelly and Nissan Motor, were also indicted for the alleged misreporting.
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On December 31, the Tokyo District Court granted prosecutors` request to extend Ghosn`s detention by 10 days until January 11.
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Ghosn, accused of aggravated breach of trust, is facing allegations of making the car maker shoulder 1.85 billion yen ($16.8 million) in personal investment losses.
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The Indian and international biz corridor saw several top level exits this year.
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The re-arrest means he could be detained for at least another 10 days in a Tokyo jail, where he has been confined since he was arrested last month on initial allegations of financial misconduct.
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Nissan said on Monday an internal investigation triggered by a tip-off from an informant had revealed that Ghosn engaged in wrongdoing including personal use of company money and under-reporting of his earnings for years.
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The Renault board will meet later in the day, a company spokesman confirmed, declining to elaborate on the agenda.
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CEO Hiroto Saikawa would propose to the Nissan board to remove Ghosn and Kelly.
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Japan's second largest automaker Nissan Motor Co on Thursday said its long-serving leader Carlos Ghosn will hand over the role of CEO to Hiroto Saikawa, a company veteran.
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Japanese carmaker Nissan said it will build its new Qashqai model at Britain`s biggest car plant, confirming a report from Reuters, marking the first major investment from the autos-industry since the UK voted to leave the EU.
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Autonomous cars will first hit the streets of nations where drivers are "disciplined" and "respect the rules", the Renault-Nissan group boss has said.
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The industry has just been blessed with a Japanese joint venture! Nissan has bought a 34% stake in Mitsubishi Motors Corporation (MMC) through a deal that is valued at around $2.2 billion or 237 billion Yen.
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Renault have provided engines this season to Red Bull.
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Driverless cars are cars without a driver, which is what Google and Uber are pursuing.
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Car manufacturer Renault will stop supplying engines to other Formula 1 teams after its contractual obligations end this year, Carlos Ghosn, Renault's chairman and chief executive officer, has said.
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Nissan Motor Co Ltd CEO Carlos Ghosn said on Monday he did not think there was any need to change the automaker`s capital alliance with Renault at present after France raised its stake and voting rights in Renault last month.
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