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Nissan: Sales, Marketing, and Financial News

 
Old 11-19-2018, 01:30 PM
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Old 11-19-2018, 01:38 PM
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The awful cars that the Renault group puts out is a bigger crime.
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Old 11-19-2018, 04:06 PM
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Renault Megane RS is pretty gangster.
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Old 11-19-2018, 04:09 PM
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Looks better than the CTR




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Old 11-20-2018, 02:47 PM
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Originally Posted by TacoBello View Post
Renault Megane RS is pretty gangster.
Originally Posted by TacoBello View Post
Looks better than the CTR


I know is legal now in , but lay off the stuff when posting.

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Old 11-20-2018, 03:37 PM
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Originally Posted by AZuser View Post


I know is legal now in , but lay off the stuff when posting.

It really does look better to me too tbh....we canadians really need to lay off the while posting....
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Old 11-21-2018, 12:06 AM
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I doubt any high flying CEO will work in Japan.

he is the finest CEO in manufacturing. the Current CEO Peugeot-Citroen-Opel group trained by him in Renault.
even running the complex Renault-Nissan-Autovaz-Mitsubishi group

.https://www.bloomberg.com/news/articles/2018-09-26/a-2-billion-investment-helped-renault-turn-around-a-russian-punchline


The former state-owned Lada has been the butt of jokes for decades, but the company is finally turning a profit under Carlos Ghosn.

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Old 11-26-2018, 12:15 PM
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Interesting take on the whole Nissan debacle.

I'm on mobile so not posting the text here

https://jalopnik.com/was-carlos-ghos...Ox9_AjrQwMPheo
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Old 11-26-2018, 12:18 PM
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The whole thing seems like a mobster movie. Nissan was offered a deal they couldn't refuse. Now it's time for the Don to figuratively sleep with the fishes.

Regarding the Megane RS, yeah it looks waaay better than the CTR from the rear and profile. But the CTR front looks way better than the mess the Renault has going on.
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Old 11-26-2018, 12:24 PM
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Originally Posted by TacoBello View Post
Looks better than the CTR



That's gonna be a no from me, mang.

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Old 11-26-2018, 12:59 PM
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You’re saying the CTR, with its big stupid spoiler, way too big of wheels, cheesy as fuck red accents and the worst looking faux Carbon Fiber body kit looks better than the Megane RS?
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Old 12-10-2018, 03:08 PM
  #372  
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https://www.wsj.com/articles/nissan-...ays-1544419135

Nissan, Carlos Ghosn Charged With Underreporting His Compensation

In addition to indictment, prosecutors lay out new suspicions that Ghosn underreported his income for three years ended March 2018

Dec. 10, 2018

TOKYO—Nissan Motor Co.’s Carlos Ghosn was formally charged with understating his compensation in Nissan’s financial reports, and prosecutors took steps to ensure he would spend Christmas in jail.

Bringing their first charges against Mr. Ghosn, Tokyo prosecutors alleged he conspired to report only about half of his compensation during the five years ended March 2015. They said his true compensation added up to the equivalent of about $87 million over the period, but the company’s financial reports said it was $44 million.

The charges close off any chance Mr. Ghosn could put an early end to his troubles and depart the country that once feted him for his achievement in turning around Nissan. Instead, barring a confession, he is poised for a legal struggle that could last years and keep him behind bars well into 2019.

Nissan was indicted alongside Mr. Ghosn. In a written statement, Nissan apologized for what it called “false disclosures” and said it would improve its governance. A Nissan representative declined to say whether the company would contest the allegations.

Greg Kelly, Mr. Ghosn’s right-hand man at Nissan and a former representative director there, was indicted on charges of conspiring with Mr. Ghosn to understate his compensation.

Neither Mr. Ghosn nor his lawyer, Motonari Otsuru, have spoken publicly about the case. Japanese public broadcaster NHK reported that Mr. Ghosn denies wrongdoing, and the lawyer’s office declined to comment.

People familiar with the matter have said the unreported money cited by prosecutors reflected deferred compensation that Mr. Ghosn was due upon retirement.

Mr. Kelly’s lawyer, Yoichi Kitamura, has said Mr. Kelly believed the future payments weren’t fixed amounts and concluded after seeking advice from outside experts that the money didn’t need to be mentioned in Nissan’s annual financial reports. In a brief interview on Monday, Mr. Kitamura said of Mr. Kelly, “I believe his innocence will be proved in court.”

Prosecutors signaled further charges could be ahead, saying they suspected Messrs. Ghosn and Kelly of making similar misstatements in Nissan financial reports for the three years ended March 2018. They said they suspected the understatements were $38 million for those three years, bringing the total unreported income for the eight years through March 2018 to more than $80 million.

Messrs. Ghosn and Kelly have been in jail since Nov. 19 as part of an interrogation period permitted under Japanese law. Normally, they would be eligible to request bail after formal charges were filed. But by laying out additional suspicions, prosecutors can reset the clock and get about three more weeks of detention without the possibility of bail, meaning the two men are likely to be detained through the end of year.

Even when the defendants do become eligible to seek release on bail, authorities are likely to turn down the request for the time being unless they have confessed, lawyers not involved in the case said.

Messrs. Ghosn and Kelly face up to 10 years in prison if convicted. Nissan faces a maximum fine of up to 700 million ($6.25 million) for each year of incorrect financial reports if convicted. Japan has a high conviction rate. More than 97% of criminal cases have resulted in a guilty verdict in recent years.

So far prosecutors haven't filed charges or raised suspicions about several allegations made by Nissan involving Mr. Ghosn’s use of company assets in the weeks since his arrest. A company investigation alleged Mr. Ghosn used a Netherlands-based Nissan subsidiary to purchase multimillion-dollar homes in Rio de Janeiro and Beirut for his personal use, people familiar with that investigation say. Nissan is also examining Mr. Ghosn’s use of his company plane, the people say.

In public statements, prosecutors have discussed only the alleged misstatements on Nissan financial reports. They have not said anything about possible misuse of company funds. Nor have they discussed taxes or tax evasion in connection with Mr. Ghosn.

The Ghosn family believed the residences in Rio de Janeiro, Beirut and other locations were corporate housing whose purchase went through the normal channels for Nissan approval, a person familiar with the family has said.

The arrest of Mr. Ghosn came amid growing boardroom turmoil at Nissan and an increasingly rocky relationship with alliance partner Renault SA, which owns a 43% stake in the Japanese auto maker and appoints three of Nissan’s nine board members.

Mr. Ghosn was planning to replace Nissan Chief Executive Hiroto Saikawa over objections about Mr. Saikawa’s business decisions, according to people with knowledge of the matter.

The future of the three-way alliance between Nissan, Renault and Mitsubishi Motors Corp. is hazy without its chief architect, Mr. Ghosn. He had been working on a plan to cement the alliance, but some Nissan executives were wary of Renault’s influence over business decisions.

Publicly, the three companies have said they hope the partnership will continue. The French government, which owns a 15% stake in Renault, has said it continues to support the alliance. Japanese Prime Minister Shinzo Abe told a news conference Monday he believed the stability of the alliance was important.

But behind these public comments, employees at Renault and Nissan speak of a lack of trust between the companies. Some Nissan workers complain that their company, the larger and more profitable of the two, does all the hard work of building technology and increasing sales. A big portion of Renault’s profit comes from the dividend it earns from owning Nissan shares.

Some at Renault, for their part, hark back to Renault’s rescue of Nissan from near bankruptcy in the late 1990s and believe the Japanese auto maker should have more respect for its biggest shareholder.
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Old 12-20-2018, 09:01 PM
  #373  
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https://www.wsj.com/articles/carlos-...an-11545360451

Carlos Ghosn Re-Arrested on Suspicion of Shifting Personal Losses to Nissan

Dec. 20, 2018 9:47 p.m. ET

TOKYO—Nissan Motor Co.’s former Chairman Carlos Ghosn was rearrested Friday on suspicions of shifting personal losses to Nissan, derailing his plans to file for bail.

As a basis for detaining Mr. Ghosn further without bail, prosecutors cited a suspicion that he forced Nissan to bear 1.85 billion ($16.6 million) in losses from a derivative transaction made by a company personally owned by Mr. Ghosn. Prosecutors said this happened in October 2008 in the midst of the global financial crisis and, if confirmed, would constitute a violation of Japan’s company law.

The move by Tokyo prosecutors potentially resets the clock on a period of detention during which he is ineligible for bail. Prosecutors have two days to make an application to the court for this 10-day period of detention. That detention period can be extended once for a total of 20 days.

Mr. Ghosn was indicted on Dec. 10 on charges of underreporting his compensation on Nissan’s financial statement over a five-year period ended March 2015. At the same time, prosecutors rearrested Mr. Ghosn on suspicions he underreported his compensation for the three years ended March 2018

On Thursday, prosecutors suffered a rare loss after a judge rejected their request to hold Mr. Ghosn for 10 more days without the possibility of bail on the basis of those additional suspicions.

It is very rare for a court to reject a request to extend the detention period, said Tokyo deputy chief prosecutor Shin Kukimoto on Thursday.

Mr. Ghosn’s lawyer, Motonari Otsuru, filed a petition for bail after prosecutors lost the hotly contested detention hearing, according to a person familiar with Mr. Ghosn’s legal defense. The new arrest came shortly before the scheduled bail hearing on Friday.

Mr. Otsuru said his client hopes to restore his honor at trial. Japanese broadcaster NHK first reported Mr. Otsuru’s comments.
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Old 04-03-2019, 01:17 AM
  #374  
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Old 04-03-2019, 03:26 PM
  #375  
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At first I thought he was going to go "April Fools!"
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Old 04-03-2019, 08:51 PM
  #376  
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https://www.wsj.com/articles/prosecu...sn-11554329941

Carlos Ghosn, Former Nissan Chairman, Is Arrested on New Allegations

April 3, 2019

TOKYO—Former Nissan Motor Co. Chairman Carlos Ghosn was arrested again in Tokyo early Thursday over new suspicions of financial misconduct less than a month after he was released on bail.

Prosecutors descended on Mr. Ghosn’s Tokyo apartment in an early-morning move, according to footage on public broadcaster NHK, and later brought him to the Tokyo prosecutors’ office.

A representative of Mr. Ghosn confirmed his arrest.

“My arrest this morning is outrageous and arbitrary,” Mr. Ghosn said in a statement released by a representative. “Why arrest me except to try to break me? I will not be broken. I am innocent of the groundless charges and accusations against me.”

Prosecutors were expected to lay out their new suspicions against Mr. Ghosn later Thursday.

Nissan has investigated whether Mr. Ghosn funneled millions of dollars in company funds through an Omani car distributor for personal use, possibly including the purchase of a yacht, according to people familiar with the matter. Nissan has also investigated whether the Omani company helped fund an investment company partly owned by Mr. Ghosn’s son, they said.

“The position of Carlos Ghosn is simple and clear: There is nothing here that can be criticized. These are normal payments linked to business,” said Jean-Yves Le Borgne, Mr. Ghosn’s lawyer.

NHK said prosecutors would cite the Oman connection as the basis for detaining Mr. Ghosn again.

Mr. Ghosn was released on bail March 6 after being charged with financial crimes. He was first arrested on Nov. 19.

Prosecutors can hold Mr. Ghosn for 48 hours after his arrest. After that, they need court permission to detain him for an additional 10 days and that period can be extended by a further 10 days with court approval. That means Mr. Ghosn could face questioning behind bars over the Oman matter for about three weeks. After that, prosecutors would have to decide whether to indict him on additional charges or release him.

Thursday’s events came less than a day after Mr. Ghosn set up a Twitter account and tweeted that he planned to hold a news conference April 11 “to tell the truth about what’s happening.”

In his statement, Mr. Ghosn said: “After being wrongly imprisoned for 108 days, my biggest hope and wish today is for a fair trial.”

Previously, Mr. Ghosn was charged with misstating deferred compensation on Nissan’s annual financial statements submitted to regulators and funneling Nissan money to the business of a Saudi friend who helped him with a personal financial problem.

Mr. Ghosn has said he had hypothetical discussions about future compensation but the amount wasn’t fixed and so it didn’t have to be reported. He has said Nissan paid the Saudi company for “critical services that substantially benefited Nissan.”
If he's still in jail on April 11, he won't be able to tell us the truth.

Can't wait for the movie.

.

Last edited by AZuser; 04-03-2019 at 08:54 PM.
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Old 04-04-2019, 11:50 AM
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Getting crazier by the day

https://www.wsj.com/articles/new-sus...at-11554381414

‘It Was Scary as Hell’: The Re-Arrest of Carlos Ghosn Opens New Front in Inquiry

April 4, 2019

TOKYO—When Carlos Ghosn, still in his pajamas, heard the doorbell of his Tokyo apartment ring at 5:50 Thursday morning, he knew his brief month of freedom was about to end, said his wife, Carole.

“My husband jumped out of bed and opens the door and there’s maybe 20 prosecutors and their assistants,” Mrs. Ghosn said in an interview.

It was the start of a morning that left Mrs. Ghosn near tears. She wasn’t allowed to call her lawyer or an interpreter—or even go to the bathroom without a female prosecutor watching over her. Her passport was seized, as well as her cellphones.

And within hours, her husband, the former chairman of Nissan Motor Co., was behind bars again at the Tokyo Detention Center, a month after he got out.

Thursday’s arrest—the fourth for Mr. Ghosn—sharpened the divide in a case that has tested the reputations both of a globally prominent executive and of the justice system in the world’s third-largest economy.

Prosecutors for the first time brought forth specific suspicions that Mr. Ghosn pocketed Nissan money, bolstering their picture of a greedy executive who abused his position for personal gain.

Mrs. Ghosn said the day’s events underscored her concern about a system that she said trampled suspects’ rights and undermined her husband’s ability to prove his innocence, which he has maintained throughout.

Before Thursday, Mr. Ghosn had been charged with financial crimes. But the new suspicions raised by prosecutors mark the most serious threat to Mr. Ghosn yet because they go beyond theoretical damage to Nissan and depict him directly enriching himself and his family with company money, outside lawyers said.

“This was the one prosecutors were really chasing after,” said Chuko Hayakawa, a lawyer and former ruling-party member of Parliament.

Prosecutors say Nissan paid $15 million to an overseas distributor, identified as Oman’s Suhail Bahwan Automobiles by Nissan’s internal investigation, and $5 million of that went to a company controlled by Mr. Ghosn.

Prosecutors didn’t say what Mr. Ghosn did with the money. Nissan’s investigation, according to people familiar with it, found evidence that some of the money paid by the car maker to its Omani distributor ended up funding a yacht for Mr. Ghosn’s family and an investment fund in the U.S. partly owned by Mr. Ghosn’s son.

A Ghosn representative said this week that neither Mr. Ghosn nor his family received benefit from Nissan payments. Mrs. Ghosn declined to discuss the allegations.

Yasuyuki Takai, a former prosecutor who has also defended prominent executives, said the new suspicions represented a greater level of danger for Mr. Ghosn. Compared to the allegations in previous indictments, which sometimes put prosecutors in novel legal territory, the new suspicions involve a classic type of corporate wrongdoing that would more easily lead to a guilty verdict if enough evidence is presented, Mr. Takai said.

Still, prosecutors have yet to present that evidence publicly, and Mr. Ghosn reiterated Thursday in an emailed statement that he was confident of vindication if he receives a fair trial.

Representatives of Suhail Bahwan Automobiles, controlled by an Omani billionaire who is a friend of Mr. Ghosn, didn’t respond to requests for comment.

Junichiro Hironaka, Mr. Ghosn’s lead lawyer, said prosecutors confiscated notes and documents related to Mr. Ghosn’s legal defense.

“The fact that these were taken go against his right to a fair trial,” the lawyer said. “This is an outrage that should never happen in a civilized country.”

The deputy chief prosecutor in Tokyo, Shin Kukimoto, said aggressive measures were needed to prevent Mr. Ghosn from destroying evidence and the investigation wasn’t about pressuring him into a confession. “This isn’t about what kind of backbone a person has,” Mr. Kukimoto said.

Since his release, Mr. Ghosn has been living in a small Tokyo apartment. He knew his arrest was imminent after reading local news reports Wednesday, Mrs. Ghosn said.

Mr. Ghosn also faces potential legal jeopardy in France. Renault SA, the French auto maker that he led until this year, accused him Wednesday of ethical violations for the first time, saying a joint probe of its alliance with Nissan had found what could be millions of euros in questionable expenses.

Renault said it had informed French prosecutors about payments to a distributor in the Middle East. People familiar with the matter said Renault’s CEO office, while under Mr. Ghosn, made millions of euros in payments to Suhail Bahwan Automobiles

Mr. Ghosn already spent 108 days at the Tokyo Detention Center after his arrest Nov. 19. In the wake of the new arrest, prosecutors can interrogate him there for about three weeks if a court approves, after which they would have to indict him or release him.

Outside lawyers said that if Mr. Ghosn is hit with further charges, he might have to stay behind bars until his trial begins.

https://www.wsj.com/articles/renault...es-11554306405

Renault Board Says Probe Finds Questionable Expenses

April 4, 2019

PARIS—Renault SA said a probe of its alliance with Nissan Motor Co. has found what could be millions of euros in questionable expenses, as the French auto maker accused Carlos Ghosn, its former chief, of ethical violations for the first time.

Renault and Nissan for months have been running parallel, but largely separate probes after Mr. Ghosn’s arrest. The investigation of a unit overseeing the auto alliance opens a new front, as an audit of Dutch subsidiary Nissan of RNBV cuts across both companies and delves into areas that could have escaped the corporate governance of either company.

“Certain expenses which have yet to be precisely quantified, but may amount to several million euros since 2010, raise serious questions as to their conformity with RNBV’s corporate interest,” the Renault board said after reviewing the audit’s interim conclusions.

The board also said that “serious deficiencies” in RNBV’s financial transparency and spending control procedures were found in the probe.

Renault’s board also released some conclusions of its own internal probe of Mr. Ghosn. Expenses incurred by the former CEO “are a source of concern, as they involve questionable and concealed practices and violations of the group’s ethical principles, particularly concerning relationships with third parties,” the board said, marking its first ethics accusations against Mr. Ghosn.

The board said it had informed French prosecutors of payments the company made to a Renault distributor in the Middle East. Renault found that its CEO office, while under Mr. Ghosn, sent millions of euros to Suhail Bahwan Automobiles, a distributor in Oman, over a number of years, according to people familiar with the matter. Renault said it reserved the right to bring action before French courts.

Jean-Yves Le Borgne, Mr. Ghosn’s Paris-based lawyer, said the transactions were normal payments for business purposes. Suhail Bahwan Automobiles hasn’t responded to requests for comment.

Investigators in the audit of the Dutch subsidiary have scrutinized payments to consultants at RNBV as well as the use of private jets by Mr. Ghosn and other executives, according to people familiar the investigation.

The probe has also examined payments for a trip for 20 people to Brazil for Carnival last year and a party held at Galerie des Batailles at Versailles to celebrate the 15th year anniversary of the Renault-Nissan Alliance, according to these people. People close to Mr. Ghosn have said that the money spent on these events were legitimate business expenses.
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