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Mitsubishi News - Page 14

Accused Nissan executive released on bail, Ghosn remains in custody

Greg Kelly, the man accused of helping former Nissan CEO Carlos Ghosn understate his salary by around $100 million, was released from the Tokyo Detention Centre on Christmas Day. According to Reuters he was released after his family posted bail of ¥70 million ($880,000). He was photographed being taken from the jail in a taxi at around 10...

Carlos Ghosn rearrested for using Nissan funds to pay for trading losses

Carlos Ghosn, the former CEO and chairman of Nissan, has been rearrested on fresh charges, with Japanese prosecutors accusing him of hiding personal trading losses with funds from the automaker. Prosecutors have informed Japanese news outlets Ghosn has been rearrested on aggravated breach of trust charges. They allege Ghosn transferred ¥1...

2019 Mitsubishi Triton pricing and specs

From nowhere, the 2019 Mitsubishi Triton is now the clear ute-segment leader in the proliferation of active safety technology – features that are increasingly important to fleet operators and small business. Additionally, the updated 20-variant range that hits showrooms in January gets a brasher look, a new six-speed automatic gearbox, plus small tweaks to the cabin and the rear leaf suspension...

2019 Mitsubishi Triton launches with seven-year warranty, cheaper servicing

Mitsubishi Australia is offsetting a series of price increases on the updated MY19 Triton by slashing the cost of servicing, and extending its warranty to seven years. MMC will offer the reassurance of a seven-year, 150,000km warranty on all MY19 Tritons, from the launch starting now until at least June 30 next year...

Nissan, Ghosn, Kelly indicted over under-reported pay

Prosecutors in Tokyo have indicted Carlos Ghosn, Greg Kelly and Nissan for under-reporting Ghosn's pay in official filings. According to NHK and other Japanese news outlets, prosecutors allege Ghosn's compensation package was understated by up to ¥5 billion ($60 million) over the five-year period ending in the 2014 Japanese financial year...

Ghosn may have hidden $95 million in pay from Nissan - reports

When Carlos Ghosn was arrested a few weeks ago, he was accused by Nissan of under-reporting his income in official stock exchange filings. Now details are beginning to emerge of just how he managed it. Various reports have suggested Ghosn hid between ¥5 and ¥9.5 billion ($60 to $110 million), with Bloomberg estimating a figure around $95 million...

Renault, Nissan, Mitsubishi CEOs to share top job at Alliance

The chiefs of the Renault, Nissan and Mitsubishi have agreed to share the role of CEO of the Alliance. Hiroto Saikawa, CEO of Nissan, told Bloomberg and other news outlets after a meeting of the Alliance's board in Amsterdam: “We were able to confirm that the three of us would take the lead, which was excellent"...

Nissan removes Carlos Ghosn as chairman

Nissan has confirmed Carlos Ghosn has been removed by the board as company chairman. Ghosn and his co-accused, Greg Kelly, have also been removed as representative directors. We understand, however, both men remain on the company's board as directors, as they can only be forcibly removed at a shareholder meeting...

Ghosn was planning Renault Nissan merger before arrest - report

Prior to his sensational arrest earlier this week, Carlos Ghosn was reportedly working on a merger between Renault and Nissan. Sources close to Nissan's board have told the Financial Times Ghosn was attempting to engineer a merger in order to make the partnership between the two companies "irreversible"...

Nissan money secretly used to buy houses for former CEO - report

Reports from Japan indicate Carlos Ghosn, current chairman of Nissan and its former CEO, was arrested on-board his private jet. Sources have told NHK funds from Nissan and its affiliates were used to purchase and renovate luxury homes for Ghosn's personal use in Paris, Amsterdam, Rio de Janeiro, and Beirut...

Nissan CEO denies 'coup d'etat' against Ghosn, talks about his 'negative impact'

During an extraordinary hour-and-a-half long press conference, Hiroto Saikawa, CEO of Nissan, talked candidly as he could about the events leading to Carlos Ghosn's arrest, and his influence on the company. In a spartan room, notable for the complete lack of Nissan branding, Saikawa read from notes for over 20 minutes, repeatedly stating the danger of concentrating too much power in one individual and referencing Ghosn's "long regime"...