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Ghosn outlines 'conspiracy', admits to working on alliance with FCA
News
8th Jan 2020
4 min read

Ghosn outlines 'conspiracy', admits to working on alliance with FCA

In a two-and-a-half-hour press conference in Beirut, Lebanon, Carlos Ghosn, the former CEO of Renault and Nissan, has given a full-throated defence against the charges he was facing in Japan. Starting with an hour-long monologue to a packed conference room, Ghosn said he was detained in an "inhumane system of hostage justice" with a 99.4 per cent conviction rate.
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Derek Fung
Nissan, Carlos Ghosn fined by US authorities for hiding pay
News
23rd Sep 2019
1 min read

Nissan, Carlos Ghosn fined by US authorities for hiding pay

They might have come to the fore in 2018, but the US SEC says Nissan's financial troubles began in 2004 when it granted Carlos Ghosn, its then-CEO, the authority to set executive compensation – including his own. The commission believes between 2009 and his arrest in 2018, Ghosn "with substantial assistance from [director Greg] Kelly and subordinates at Nissan" hid US$90 million ($133 million) in pay from official filings, and increase Ghosn's retirement bonus by US$50 million ($74 million).
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Derek Fung
CarAdvice podcast 148: Osher Gunsberg and his love for EVs
News
12th Apr 2019
1 min read

CarAdvice podcast 148: Osher Gunsberg and his love for EVs

This week you are joined by Mandy Turner, Mike Costello, and James Wong. In car news, the Ford Fiesta ST and Focus Active have been delayed, Carlos Ghosn says his arrest was part of a 'conspiracy', the Kia Stinger has joined the NT Police fleet, and the 2020 Mercedes-AMG CLA35 has been revealed. Mike reviews the new-generation 2019 Mazda 3 hatchback, which you can read and watch the full review here. Paul Maric talks to Osher Gunsburg about EVs and his Nissan Leaf.
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Mandy Turner
Carlos Ghosn: Charting his rise and fall
News
28th Jan 2019
4 min read

Carlos Ghosn: Charting his rise and fall

Carlos Ghosn was born in 1954 in Porto Velho, a Brazilian city on the fringe of the Amazon rainforest. In his autobiography "Shift", Ghosn recounts his grandfather, a member of the Maronite minority, moving to Brazil from Lebanon to escape the crumbling Ottoman Empire and, eventually, running several companies.
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Derek Fung
Carlos Ghosn makes first court appearance since arrest
News
8th Jan 2019
3 min read

Carlos Ghosn makes first court appearance since arrest

Carlos Ghosn, the former CEO of Nissan, has appeared in court for the first time after his arrest in Japan. Ghosn was arrested on November 19, 2018 after he was accused by Nissan of a number of misdemeanours during his time at the automaker. He has been formally charged for under reporting his income by over $100 million, shifting his currency trading losses to his employer, and misusing company funds.
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Derek Fung