Ghosn Says Nissan Executives Used ‘Plot And Treason’ To Halt Renault Integration: Nikkei | 2/12/2016 | Staff
JimmyJoeJimmyJoe (Posted by) Level 3
TOKYO (Reuters) – Carlos Ghosn said Nissan executives opposed to his plans for closer ties with automaking partner Renault SA resorted to “plot and treason” to disrupt them and were behind the financial misconduct allegations against him.

Speaking to the Nikkei newspaper in his first media interview since his arrest on Nov. 19, Ghosn said he had discussed plans to integrate the companies with Nissan CEO Hiroto Saikawa in September.

Nissan - Executives - Plot - Treason - Plans

But Nissan executives employed “plot and treason” to uproot those plans, Ghosn said.

Ghosn, who spearheaded Nissan’s turnaround two decades ago, had pushed for a deeper tie-up between Nissan and Renault, including possibly a full merger, despite strong reservations at the Japanese corporation.

Detention - Arrest - Indictment - Charges - Breach

He remains in detention following his arrest and indictment on charges related to breach of trust and understating his salary.

Since his arrest, Saikawa has said it was not the time to discuss revising the partners’ complex capital ties. Nissan and Mitsubishi Motors have dismissed him as chairman, while he has resigned from the helm at Renault.

Ghosn - Accusations - Payments

Ghosn denied accusations of improper payments to...
(Excerpt) Read more at:
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!