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Nissan: Sales, Marketing, and Financial News

 
Old 11-19-2018, 01:30 PM
  #361  
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Old 11-19-2018, 01:38 PM
  #362  
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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
  #363  
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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
  #368  
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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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