85 Articles
Official
Carlos Ghosn launches initiative to help his native Lebanon

Plans to create jobs: 'I am ready with all my powers to help these young people'

Former Nissan Motor Co. Chairman Carlos Ghosn made a new public appearance in Lebanon Tuesday during which he launched an initiative with a local university to help the country that is undergoing a severe economic and financial crisis. It is Ghosn’s second appearance in public since he was smuggled from Japan in late December to his ancestral Lebanon. Ghosn declined to elaborate about the details of his arrival in Lebanon, saying it happened in “dramatic circumstances” and also refused to answ

Official
Japan begins trial of Nissan ex-executive Greg Kelly over Carlos Ghosn's pay

'I deny the allegations. I was not involved in a criminal conspiracy'

The financial misconduct trial of former Nissan executive Greg Kelly began Tuesday with Kelly saying he committed no crimes and was only trying to keep his star boss Carlos Ghosn from leaving. The charges being heard at Tokyo District Court center around Kelly’s alleged role in failing to report to Japanese authorities the future compensation of Ghosn, who led Nissan Motor Co. for two decades. Japanese prosecutors outlined allegations of what they said was a complex and clandestine scheme to p

ETC
What to expect from the Japanese trial of Nissan and Greg Kelly

Kelly faces up to a decade in prison

The criminal trial against Japanese automaker Nissan and its former executive Greg Kelly will open in Tokyo District Court on Tuesday. It’s the latest chapter in the unfolding scandal of Carlos Ghosn, a superstar at Nissan Motor Co. until he and Kelly were arrested in late 2018. Kelly says he is innocent.

Official
Judge OKs extradition to Japan for men accused of aiding Carlos Ghosn's escape

But it's now up to the U.S. State Department whether to turn them over

Two American men accused of smuggling Nissan Motor Co. Chairman Carlos Ghosn out of Japan while he was awaiting trial on financial misconduct charges can be extradited, a federal judge ruled Friday. U.S. Magistrate Judge Donald Cabell issued a ruling approving the extradition of Michael Taylor, a U.S. Army Special Forces veteran, and his son Peter Taylor, but the final decision rests with the State Department. The Taylors are wanted by Japan so they can be tried on charges that they helped Gho

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How a powerful Nissan insider brought down Carlos Ghosn

Hari Nada created chaos that haunts the carmaker to this day, Bloomberg reports

Report
Judge denies bail for men accused of sneaking Carlos Ghosn out of Japan

They argued that their health was at risk in jail due to the coronavirus

Two American men wanted by Japan on charges that they helped sneak former Nissan Motor Co. Chairman Carlos Ghosn out of the country in a box have again been denied release from a U.S. jail. U.S. District Judge Indira Talwani on Friday rejected a bid to free Michael Taylor, a 59-year-old U.S. Army Special Forces veteran, and his 27-year-old son, Peter Taylor, on bail while they fight their extradition to Japan. Talwani said a magistrate judge properly found the two men to be a risk of flight.

Mitsubishi Motors Chairman Masuko resigns due to health reasons

He forged the ties between Mitsu and Nissan

Mitsubishi Motors Corp said on Friday Osamu Masuko resigned as chairman due to health reasons and has handed over the role to CEO Takao Kato on a temporary basis. A veteran of the Mitsubishi conglomerate, Masuko joined the automaker in 2004, and became president in 2007. The 71-year-old would stay on at Mitsubishi as a special adviser, the company said in a statement.

Official
With Ghosn gone, Japan sets trial date for ex-Nissan executive left behind

American Greg Kelly was arrested at the same time as Nissan's former boss

Former Nissan executive Greg Kelly, who was arrested in connection with the financial scandal of his ex-boss Carlos Ghosn, will soon face trial in a Tokyo court. Tokyo Deputy Chief Prosecutor Hiroshi Yamamoto said Thursday the trial of Kelly, an American, and Nissan Motor Co., a defendant in the same trial as a company, will start Sept. 15. Ghosn has publicly denounced the allegations as groundless and accused Nissan officials of a conspiracy to oust him.

ETC
Ghosn calls Renault and Nissan financial results 'pathetic'

Their problems are bigger than the coronavirus pandemic, he says

Official
Father and son accused in Carlos Ghosn escape are denied bail

Judge says the allegations are 'spectacular' and they're too great a flight risk

A U.S. judge said on Friday two Massachusetts men pose too great of a risk of flight to be released on bail given "spectacular" allegations that they helped orchestrate former Nissan Motor Co Chairman Carlos Ghosn's escape from Japan. U.S. Magistrate Judge Donald Cabell said U.S. Army Special Forces veteran Michael Taylor and his son, Peter Taylor, had also failed to show they would likely succeed in fighting the charges underlying Japan's recent request for their extradition. Cabell cited all

Report
Nissan officials answer to angry shareholders on red ink, Ghosn scandal

'We will tackle these challenges without compromise,' says CEO Uchida

Nissan Chief Executive Makoto Uchida told shareholders Monday he is giving up half his pay after the Japanese automaker sank into the red amid plunging sales and plant closures in Spain and Indonesia. “I promise to bring Nissan back on a growth track.” Nissan, based in Yokohama, Japan, sank into its first annual loss in 11 years, reporting a 671.2 billion yen ($6.3 billion) loss for the fiscal year that ended in March.

Report
Feds say Americans' bid to avoid extradition in Ghosn escape is 'flawed'

Defense lawyers argued that helping someone jump bail was not a crime

U.S. prosecutors on Tuesday said a former Green Beret and his son, wanted by Japan for helping former Nissan Motor Co boss Carlos Ghosn flee the country, were advancing a "flawed" interpretation of Japanese law to fight their extradition. Michael Taylor and his son, Peter Taylor, were arrested in Massachusetts last month at Japan's request for allegedly smuggling Ghosn out of the country on Dec. 29, 2019, in a box while he was out on bail awaiting trial on financial charges. Ghosn fle

Report
Japan may veto Lebanon's IMF bailout until officials agree to deport Ghosn

Lebanon's public debt hovers in the vicinity of $90 billion

Followup
Ex-Green Beret arrested in Ghosn's escape has lived a life of danger

'His zeal, probably like he does everything in life, is to the Nth degree'

Decades before a security camera caught Michael Taylor coming off a jet that was carrying one of the world’s most-wanted fugitives, the former Green Beret had a hard-earned reputation for taking on dicey assignments. Over the years, Taylor had been hired by parents to rescue abducted children. Taylor has “gotten himself involved in situations that most people would never even think of, dangerous situations, but for all the right reasons,” Paul Kelly, a former federal prosecutor in Boston who h

Breaking
Feds arrest two men accused of smuggling Carlos Ghosn out of Japan in a box

Court papers describe how Nissan's ex-boss was spirited away

A former Green Beret and his son were arrested Wednesday in Massachusetts on charges they smuggled Nissan Motor Co. Chairman Carlos Ghosn out of Japan in a box while he awaited trial there on financial misconduct charges. Michael Taylor, a 59-year-old former Green Beret and private security specialist, and Peter Taylor, 27, are wanted by Japan on charges they helped Ghosn escape the country in December after he was released on bail. The tale of the daring escape began on Dec. 28, 2019, when Pe

Report
Japan sends official to Lebanon over fugitive Carlos Ghosn

Japan hopes Lebanon gains 'a proper understanding' of its justice system

Japan's deputy justice minister met top officials in Lebanon Monday over the case of former Nissan’s fugitive ex-boss Carlos Ghosn who fled to his home country late last year while on bail in Japan and awaiting trial. State Minister of Justice Hiroyuki Yoshiie met President Michel Aoun as well as the Lebanese ministers of justice and foreign affairs. Aoun's office said in a tweet after the meeting that they discussed mutual relations and ways of developing them "in addition to matters that are

Official
Renault plans $2.2 billion 'no taboos' cost cutting after first loss in a decade

It joins Nissan in a post-Ghosn struggle to restructure

Renault's first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it. As ex-Volkswagen brand manager Luca de Meo prepares to take over as chief executive of the French automaker, which has been rocked by the Ghosn scandal, it did not exclude job cuts in a promised review of its performance across all factories. Like many auto industry rivals, i

Report
Nissan files civil suit against Ghosn, seeking $91 million in damages

The claim was calculated by adding the costs from what Nissan called Ghosn's 'corrupt practices'

Nissan filed a civil suit Wednesday seeking 10 billion yen ($91 million) in damages from the Japanese automaker's former Chairman Carlos Ghosn. Nissan Motor Co. filed the case in Yokohama District Court to recoup some of the monetary damages suffered, it said, “as a result of years of misconduct and fraudulent activity" by Ghosn. The claim was calculated by adding the costs from what Nissan called Ghosn's “corrupt practices,” such as rent for overseas property, use of corporate jets and paymen

Official
Japan issues arrest warrants for Ghosn, Americans suspected of helping him escape

Lebanon doesn't have an extradition treaty with Japan, but the U.S. does

Tokyo prosecutors issued an arrest warrant Thursday for Nissan's former chairman Carlos Ghosn, who skipped bail while awaiting trial in Japan and is now in Lebanon. Japan has no extradition treaty with Lebanon, so he's unlikely to be arrested. Tokyo prosecutors also issued arrest warrants for three Americans they said helped and planned his escape, Michael Taylor, George-Antoine Zayek and Peter Taylor.

ETC
Lebanon has 40 days to figure out what to do with Carlos Ghosn

Extradite the former Nissan boss back to Japan, or try him in Lebanon

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