Nissan To Remove Chairman?

Discussion in 'Auto News' started by Liquid, Nov 19, 2018.

  1. Liquid

    Liquid Premium

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    According to the BBC, Nissan's board of directors might be about to oust chairman Carlos Ghosn.

    Ghosn has apparently been under-reporting his pay amongst other financial mismangements during an internal investigation. Supposedly he under-reported as much as £34,000,000 over a 5 year period.

    Shares in Renault have dropped 13% after the rumour began circulating.
     
    Last edited: Nov 19, 2018
  2. Tornado

    Tornado

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    If I was working at Mitsubishi I'd start looking for jobs.
     
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  3. RocZX

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    They article you posted says
     
  4. Liquid

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    I'm absolutely positive that's an updated edit on the BBC website. If not, a typo by me. Apologies.

    Sorry, he only defrauded £34 million, not £68 million.
     
  5. Milouse

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    Ghosn, also the CEO of Renault, he's well known in Japan for being the man who saved Nissan from bankruptcy after Renault took control of it (he has been sent there by Renault). That earned him a manga.
    The Renault-Nissan-Mitsubishi alliance is the largest producer of cars in the world, battling with VW group since last yer for that first position.
    Since France state has a significative share in Renault, that's big news here, with Macron already having to issue statements to try to reassure everyone.
    [​IMG]
     
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  6. Populuxe Cowboy

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    I like how in that manga, the one Japanese person has vertical text, while all the westerners have horizontal text.

    I was just reading about Ghosn's impending ouster. He did an amazing job turning Nissan around, but that doesn't excuse his personal financial transgressions.
     
  7. Eunos_Cosmo

    Eunos_Cosmo

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    PLEEEEASE

    [​IMG]
     
  8. Carbon_6

    Carbon_6

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    [​IMG]
     
  9. 05XR8

    05XR8

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    ...don't get ME started!
     
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  10. R1600Turbo

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    Not happening.
     
  11. 05XR8

    05XR8

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    I remember, but still... :p
     
  12. Liquid

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  13. Robin

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  14. Milouse

    Milouse

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  15. Eunos_Cosmo

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    It's obvious from the article that Hiroto Saikawa clearly wanted Nissan to build the IDX (most likely with turbo 3 & 4 cylinder engine options, optional 6 speed manual transmission, 4-wheel double wishbone suspension a variety of interior colors) and Ghosn said no. Classic Julius Caesar allegory.

    [​IMG]
     
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  16. Tornado

    Tornado

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    My main curiosity, now that he has been thrown out of Mitsubishi as well as of yesterday, is what will Renault do in response? Thursday is the next meeting between the three companies regarding the alliance, and the French government's dream of forcing Nissan to merge with Renault is now up in smoke regardless of it Ghosn goes to prison.
     
  17. Milouse

    Milouse

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  18. 05XR8

    05XR8

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    Is that true? I mean, you've typed it, but I'm welling up with butterflies in my belly, mixed with a bit of anger.
    With no hope of getting a decent Datsun 510, the iDX had a real chance of being in my driveway.
     
  19. Eunos_Cosmo

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    :lol: It's true in my version of reality!!!! :lol:
     
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