by Paul A. Eisenstein | Jan 30, 2019
“Plot and treason get the blame” for the arrest of Nissan’s former chairman Carlos Ghosn, the 64-year-old executive said during his first public comments since being dragged off his corporate jet on Nov. 19. Ghosn has been held in solitary confinement ever since and...
by Joseph Szczesny | Jan 30, 2019
A Volvo Cars joint venture has gotten approval to test its software in self-driving cars on Swedish highways at speeds of up to 80 kilometers or 60 miles per hour. Zenuity, a joint venture between Volvo and Swedish tech company Veoneer, developed software for Level 4...
by Paul A. Eisenstein | Jan 28, 2019
Nissan says it is facing a probe by the SEC looking into the accuracy of its executive pay disclosures, a probe stemming from the arrest of former Nissan Motor Co. Chairman Carlos Ghosn last November in Japan. The former executive has been held since Nov. 19, in the...
by Michael Strong | Jan 25, 2019
Nissan CEO Hiroto Saikawa plans to step down from his post now that Carlos Ghosn has resigned as chairman and CEO of Renault. The move is designed to make the transition into the next phase of the partnership between Nissan and Renault easier. Ghosn, who has been in...
by Michael Strong | Jan 25, 2019
The government shutdown is now in its 34thday. The longest-ever shutdown has impacted 800,000 government employees, making it difficult for them to pay bills, buy groceries and meet day-to-day financial obligations. The ongoing fight between President Donald Trump and...
by Paul A. Eisenstein | Jan 24, 2019
Renault has moved ahead and named both a new chairman and a new CEO, replacing Carlos Ghosn who continues to be held in a Tokyo jail on financial corruption charges. Jean-Dominique Senard will serve as the French automaker’s new chairman, while Thierry Bollore, a...
by Paul A. Eisenstein | Jan 22, 2019
More than two months after he was whisked off a corporate jet and taken to a detention center in Tokyo, former Nissan Chairman Carlos Ghosn will remain in custody as he faces multiple charges of corruption, a Japanese court has ruled. The 64-year-old executive offered...
by Paul A. Eisenstein | Jan 21, 2019
Approaching his third month in solitary confinement, former Nissan Chairman Carlos Ghosn has offered to wear an ankle monitor in a bid to win bail, a step Japanese prosecutors have so far resisted. Ghosn has been held in the Tokyo Detention Center since Nov. 29, when...
by Michael Strong | Jan 18, 2019
The U.S. automotive assembly plant is the last bastion of approved racial and sexual discrimination if recent events, i.e. lawsuits, are to be believed. In the past two days, lawsuits filed against General Motors and Ford for racial and sexual discrimination have...
by Paul A. Eisenstein | Jan 11, 2019
José Muñoz, a widely respected Nissan executive and a protégé of ousted Chairman Carlos Ghosn, is leaving the automaker just days after he reportedly took a leave of absence to deal with “special tasks.” Muñoz, who had gone to Japan this week, was said to have...
by Paul A. Eisenstein | Jan 11, 2019
Nissan’s former Chairman Carlos Ghosn has been indicted again, this time on charged of breach of trust, a development that could again delay his release on bail. The once-powerful executive has been held in solitary confinement in the Tokyo Detention Center since his...
by Michael Strong | Jan 10, 2019
Fiat Chrysler reached an $800 million settlement with federal and state government agencies as well making good with the owners of vehicles affected by alleged cheating on emissions tests. The automaker agreed on Thursday to a deal with the Justice Department and the...
