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Nissan raises $US7.8 billion to offset company turmoil – report
News
7th Jul 2020
2 min read

Nissan raises $US7.8 billion to offset company turmoil – report

Nissan has reportedly raised $US7.8 billion ($AU11.2 billion) in financing from its creditors, according to news agency Reuters. The Japanese car company secured the financing to help it endure difficulties caused by the coronavirus pandemic. Nissan was already experiencing hardship prior to the global pandemic occurring, however the situation appears to have amplified the automaker's troubles.
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Ben Zachariah
Nissan files $135 million suit against Carlos Ghosn
News
13th Feb 2020
2 min read

Nissan files $135 million suit against Carlos Ghosn

Japanese carmaker Nissan has filed for damages against former-chairman Carlos Ghosn to the sum of 10 billion yen ($135 million). Nissan is chasing losses that allegedly came “as a result of years of misconduct and fraudulent activity” on Ghosn's behalf. Carlos Ghosn remains in Lebanon after fleeing Japanese house arrest amid fears of “conspiracy” and a “rigged justice system”.
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Liam Murphy
Carlos Ghosn escapes to Lebanon, reportedly hides in instrument box
News
1st Jan 2020
2 min read

Carlos Ghosn escapes to Lebanon, reportedly hides in instrument box

Carlos Ghosn, former CEO of Nissan who was in Japan awaiting trial on multiple charges for misusing corporate funds and hiding his pay, has dramatically fled the country for Lebanon.
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Derek Fung
Carlos Ghosn removed as Nissan director
News
8th Apr 2019
1 min read

Carlos Ghosn removed as Nissan director

Both Carlos Ghosn, former Nissan chairman and CEO, and Greg Kelly have been removed from the company's board of directors after a shareholder vote. Ghosn and Kelly were arrested in mid-November 2018 not long after they touched down in Japan for business meetings. Ghosn has been charged for under-reporting his pay, and misusing company funds and expense accounts.
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Derek Fung
Ghosn: Renault might have paid for part of executive's lavish wedding
News
9th Feb 2019
2 min read

Ghosn: Renault might have paid for part of executive's lavish wedding

Renault has uncovered payments it believes were used to partially pay for Carlos Ghosn's second wedding, held at the Château de Versailles. The company has discovered a sum of €50,000 ($80,000) it understands was "allocated to Mr. Ghosn's personal benefit" as part of a broader charitable donation it signed with the château. A source has told Reuters Renault agreed to sponsor a €2.3 million ($3.7 million) renovation in exchange for €575,000 ($920 million) worth of credits with the château.
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Derek Fung