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Renault will cut its stake in Nissan as part of a deal rebalancing the rocky alliance between the two companies

Renault to reduce stake in Nissan, rebalancing alliance

French automaker Renault will cut its stake in Japanese partner Nissan as part of a deal rebalancing the rocky alliance between the two companies, the firms said today.

Business • 30 Jan 23

Renault, Nissan and Mitsubishi Motors are each taking a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership

Renault, Nissan deepen cooperation in bid for survival

Renault, Nissan and Mitsubishi Motors said today they would each take a lead on car manufacturing in different regions in a wide-ranging revamp of their partnership to slash costs and survive.

Business • 27 May 20

Mitsubishi did not give an earnings forecast for the current business year, as it waits to get a better view of the longer term impact of the coronavirus

Mitsubishi Motors' annual profit tumbles

Mitsubishi Motors today posted an 89% drop in annual operating profit for its weakest performance in three years and skipped the year-end dividend, as the coronavirus outbreak added to its profitability woes.

Business • 19 May 20

Nissan's chief executive Hiroto Saikawa says the company's performance was 'challenging'

Nissan profits hit 'rock bottom' as Ghosn weighs

Crisis-hit Japanese car company Nissan today unveiled net profits at a near-decade low as it battles to recover after the shock arrest of its former boss Carlos Ghosn.

Business • 14 May 19

Carlos Ghosn faces charges of aggravated breach of trust and under-reporting his compensation at Nissan for nearly a decade

Japanese court grants bail for ex-Nissan chairman Ghosn

A Japanese court has granted bail to ousted Nissan chairman Carlos Ghosn more than three months after his arrest for alleged financial crimes.

Business • 05 Mar 19

Nissan said its nine-month net profit dropped more than 45%

Nissan downgrades full-year forecast, logs profit fall

Japanese automaker Nissan, rocked by the arrest of former chief executive Carlos Ghosn, has today revised downward its full-year forecast as its nine-month net profit dropped more than 45%.

Business • 12 Feb 19

Former Nissan chairman Carlos Ghosn has given his first press interview since his arrest in November

Ghosn says arrest was result of 'plot and treason'

Detained former car tycoon Carlos Ghosn believes his arrest and the charges against him are the result of a "plot and treason" at his former employer Nissan, he told the Nikkei newspaper today.

Business • 30 Jan 19

Carlos Ghosn's latest bail request had also included an offer to hire guards to monitor him and a promise to remain in Tokyo

Renault convenes board to turn page on Ghosn era

Renault has called a board meeting to replace chairman and CEO Carlos Ghosn, in a move that may begin to ease tensions with alliance partner Nissan after his arrest in Japan for alleged financial misconduct.

Business • 22 Jan 19

Carlos Ghosn said he is willing to remain in Tokyo if released on bail

Ghosn offers to wear electronic ankle tag for bail

Sacked Nissan chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire guards to monitor him in an unusual bid to secure his release on bail after two months of detention in Japan for alleged financial crimes.

Business • 21 Jan 19

Carlos Ghosn was arrested and detained in Tokyo since November 19

Ghosn received €7.8m improperly from Nissan-Mitsubishi

Arrested auto executive Carlos Ghosn improperly received €7.8m in compensation from a joint venture between Nissan and Mitsubishi Motors, the companies said today.

Business • 18 Jan 19

Japanese reports suggest that Carlos Ghosn could remain in detention until the end of the year

Nissan puts off selection of nominee to succeed Ghosn

A Nissan panel has failed to nominate a successor to Carlos Ghosn as chairman in the wake of his arrest and dismissal for alleged financial misconduct last month, a source familiar with the situation told Reuters.

Business • 05 Dec 18

Mitsubishi-Nissan-Renault alliance can survive turmoil

A senior executive at Mitsubishi Motors said its alliance with Nissan and Renault can survive management upheaval, a day after it fired Carlos Ghosn as chairman citing financial misconduct.

Business • 27 Nov 18

Carlos Ghosn's firing from Mitsubishi marks the end of his chairmanship of Japanese automakers

Mitsubishi sacks Ghosn as chairman

Mitsubishi Motors said its board has removed Carlos Ghosn from his role as chairman, following his arrest and sacking from alliance partner Nissan last week for alleged financial misconduct.

Business • 26 Nov 18

The move marks the stunning downfall of Carlos Ghosn, who was once hailed as the saviour of the Japanese firm

Nissan votes unanimously to fire Chairman Ghosn

Nissan's board has voted unanimously to oust Chairman Carlos Ghosn after the shock arrest of the industry heavyweight, ushering in a period of uncertainty for its 19-year alliance with Renault.

Business • 23 Nov 18

Nissan chairman Carlos Ghosn was arrested after arriving in Tokyo on his private jet on Monday

Ghosn's detention extended for 10 days - media

Tokyo prosecutors have won permission from a district court to extend the detention of Nissan Chairman Carlos Ghosn for a further 10 days, several media reported today.

Business • 21 Nov 18

Nissan said an internal investigation revealed that Carlos Ghosn had engaged in wrongdoing including personal use of company money and under-reporting for years how much he was earning

France urges Renault to replace Ghosn

France has today urged Renault to replace CEO Carlos Ghosn after his arrest in Japan on financial misconduct allegations.

Business • 20 Nov 18

Alliance Chairman Carlos Ghosn wants to step up the speed of integration

Renault-Nissan vows to double synergies

The Renault-Nissan alliance has pledged to double savings from closer integration to €10 billion by 2022, thanks in part to increasing cooperation with recently acquired Mitsubishi Motors.

Business • 15 Sep 17

Nissan CEO Carlos Ghosn to step aside after 16 years in the top job

Ghosn steps aside from Nissan CEO role

Nissan said today that its chief executive Carlos Ghosn will step aside from the post after leading the firm for 16 years.

Business • 23 Feb 17

A mileage-cheating scandal has driven the company into the red for the first time in eight years

Mitsubishi sees annual net loss of $1.4 billion

Mitsubishi Motors has forecast an annual net loss of $1.4 billion, after a mileage-cheating scandal drives the company into the red for the first time in eight years.

Business • 22 Jun 16

Nissan says deal with Mitsubishi will boost its clout in the small car market

Nissan takes $2.2 billion stake in Mitsubishi

Nissan Motor has agreed to take a 34% stake in Mitsubishi Motors, effectively taking control with a $2.2 billion move that bails out its smaller, scandal-hit rival.

Business • 12 May 16

Mitsubishi Motors