Nissan
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Nissan said it will transfer its shares in its Russian business to state-owned entity NAMI for $0.97, taking a loss of $687 million in the latest costly exit from the country by a global company. Russia’s industry and trade ministry said that Nissan will transfer its shares to NAMI, but the sale will give the…
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Under house arrest and 24-hour surveillance, ousted Nissan chairman became an international fugitive when he reportedly hid inside a large musical instrument case Sunday and smuggled himself out of Japan to flee criminal prosecution there. Ghosn’s wife, Carole, whom he hasn’t seen since his arrest more than a year ago, orchestrated his dramatic escape, according to The Guardian. He…
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New charges are expected to be filed against former Nissan Chairman Carlos Ghosn, as early as next week. Ghosn remains in custody in prison in Tokyo after his arrest in November. Japan’s sole public broadcasting network NHK reported Friday Ghosn would be indicted on new charges on Monday. Prosecutors are believed to have formalised charges…
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