Carlos Ghosn – Nissan

According to The Financial Times (subscription required) in a report last Thursday, Ghosn has is suing Nissan and Mitsubishi Motors in The Netherlands. A joint venture called Nissan-Mitsubishi BV (NMBV) employed Ghosn as chairman when the Renault-Nissan alliance created the entity in 2017. The Renault-Nissan alliance acquired a controlling stake in Mitsubishi in 2016. Details provided in the report claim Ghosn is suing over improper termination from the joint venture for $16.73 million at current exchange rates.

Carlos Ghosn

The joint venture, set up in the Netherlands, follows a certain dismissal process under Dutch law. Ghosn and his lawyers assert Nissan and Mitsubishi did not follow protocol in terminating the executive. Allegedly, the entity did not provide any evidence surrounding allegations of taking payments from NMBV.

The payments were supposedly in exchange for Ghosn heading up the joint venture as managing director. The investigation reportedly did find the entire process was invalid because an unauthorized Nissan official signed off on the agreement. Other Mitsubishi board members were not involved in the payments for Ghosn’s employment, per the report.

https://www.motorauthority.com/news/1124177_ousted-executive-carlos-ghosn-sues-nissan-mitsubishi

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“We are talking about people who played a very dirty game.” Former Nissan Chairman Carlos Ghosn said this “plot” was driven by “a few executives,” in the seven-minute video.

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The Wall Street Journal Assistant Editorial Page Editor James Freeman, Republican Strategist Erin Elmore and FBN’s Dagen McDowell with the latest on the new allegations against former Nissan Chairman Carlos Ghosn over new allegations. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London.

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The FT’s Kana Inagaki explains how Carlos Ghosn went from the head of three of the world’s largest car makers to a Tokyo jail.

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Long detention, rearresting, no bail: Japan’s justice system has been criticized for its unusual process aimed at extracting confessions. The weekslong detention of Renault CEO Carlos Ghosn is a case in point.