CARLOS GHOSN

Nissan has reported a 55% jump in its October-December profit, as the Japanese automaker gears up for a less bumpy journey with its French alliance partner Renault.

The alliance forged by Carlos Ghosn between Renault SA and Nissan Motor Co. is being revamped as the carmakers chart separate paths, an outcome set in motion by his arrest on charges of financial misconduct four years ago. After serving two lengthy stints in jail before being released on bail, Ghosn slipped out of the country in late 2019 and found sanctuary in Lebanon, where he has citizenship. He has professed his innocence and said the deck had been stacked against him. While the carmakers ar

The boards of Renault and Nissan have approved equalizing the stake each automaker holds in the other, bringing a better balance in the French-Japanese alliance.

Nissan and Renault have agreed to make their mutual cross-shareholdings equal at 15%, ironing out a source of conflict in the Japan-French auto alliance.

The central bank governor and the market are talking at cross-purposes. It shows a country that’s both badly understood and a poor communicator.

A lawyer for an American father and son convicted in Japan on charges of helping Nissan's former chairman, Carlos Ghosn, escape to Lebanon says they have been returned to the U.S. Michael Taylor was sentenced last year to two years in prison, while his son Peter Taylor was sentenced to 20 months.

An American father and son convicted in Japan on charges of helping Nissan former Chairman Carlos Ghosn escape to Lebanon, hiding in a box, have been returned to the U.S., their lawyer said Tuesday. Michael Taylor, a former Green Beret, was sentenced in July last year in Tokyo District Court to two years in prison, while his son Peter Taylor was sentenced to one year and eight months. The Taylors were arrested in Massachusetts in May 2020, and extradited to Japan in March 2021, though they fought against deportation to Japan.

Wednesday, Oct. 26, 2022 | 'Tales of the Jedi' airs on Disney Plus

Nissan says it's aggressively pushing electric vehicles to take advantage of a new U.S. law that gives up to $7,500 in tax credits.

The story of how a respected auto executive became a criminal suspect, then a fugitive.

A judge on Monday questioned disgraced auto tycoon Carlos Ghosn in Beirut, days after Lebanon received a wanted notice for him from Interpol, judicial officials said. Lebanon received a new Red Notice from Interpol 10 days ago, after the French prosecutor’s office in the Paris suburb of Nanterre said last month that it issued an international arrest warrant for the former head of Nissan and Renault and four other people based on an investigation opened in 2019 into money laundering and abuse of company assets.

Carlos Ghosn has said he expects to receive a "fair trial" in France after being issued an arrest warrant.

The warrant is unlikely to change Ghosn's chances of trial. He lives in Lebanon, which does not extradite its citizens.

French prosecutors have issued an international arrest warrant for disgraced auto tycoon Carlos Ghosn, who fled Japan in 2019 for Lebanon in a gripping escape.

Japanese prosecutors have filed an appeal against the verdict in the trial of former Nissan executive Greg Kelly.

Two Americans imprisoned in Japan for helping former Nissan Chairman Carlos Ghosn avoid trial and escape to Lebanon are hoping to serve the rest of their time in the U.S. Paul Kelly, the attorney for Michael Taylor and his son Peter Taylor, said the elder man was suffering from serious back pain and frostbite.

A Tokyo court has given a former American executive at Nissan charged with underreporting his boss Carlos Ghosn’s pay a 6-month suspended sentence.

Japanese automaker Nissan has swung back into the black for the quarter through December, despite shortages of computer chips that have hit the entire industry.

The French-Japanese auto alliance of Renault and Nissan plans to invest 23 billion euros ($26 billion) in electric vehicle technology over the next five years.

The CEO of the Japanese automaker says 15 new electric vehicles will be available by fiscal 2030.

Nissan is investing 2 trillion yen, or nearly $18 billion, over the next five years and developing a cheaper, more powerful battery to boost its electric vehicle lineup.

Nissan has reported a $479 million profit for the last quarter, a reversal from the loss it racked up a year earlier.

The defense for former Nissan executive Greg Kelly has argued there is no evidence or motives linking him to alleged under-reporting of his ex-boss Carlos Ghosn’s compensation.

Nissan’s “intelligent factory” hardly has any human workers.

Ghosn, speaking from Lebanon where the former Nissan chairman fled to allude Japanese authorities, mentioned Mercedes-Benz and Volkswagen specifically.

Japanese prosecutors are demanding two years in prison for former Nissan executive Greg Kelly.

Nearly three years later, former Nissan executive Greg Kelly is still wondering why the questions that led to his arrest and trial in Japan weren’t simply taken up in the automaker's corporate boardroom.

The Nissan Z is an important halo product under the company's ongoing turnaround plan through March 2024.

Nissan has reported a 114.5 billion yen profit for the April-June quarter, a reversal from a 285.6 billion yen loss the previous year, as its sales and profitability improved, especially in the U.S. market.

Michael and Peter Taylor pleaded guilty last month to helping Ghosn flee Japan, where he was on bail awaiting trial.

A Tokyo court handed down prison terms for the American father and son who helped Carlos Ghosn, Nissan’s former chairman, escape to Lebanon while awaiting trial in Japan.

Michael Taylor and son Peter helped Carlos Ghosn flee to Lebanon hidden in a big box. Ghosn is accused of financial misdeeds.

A Tokyo court has handed down prison terms for the American father and son accused of helping Nissan's former chairman, Carlos Ghosn, escape to Lebanon while awaiting trial in Japan.

A Tokyo court handed down prison terms for the American father and son accused of helping Nissan’s former chairman, Carlos Ghosn, escape to Lebanon while awaiting trial in Japan. Michael Taylor was sentenced Monday to two years in prison, while his son Peter was sentenced to one year and eight months. Lebanon has no extradition treaty with Japan.

Michael and Peter Taylor were convicted of helping ex-Nissan boss Carlos Ghosn escape Japan in 2019.

The former boss of Nissan and Renault reveals how evaded house arrest to flee to Lebanon.

Nissan Chief Executive Makoto Uchida has told a Japanese court that the company's former chairman, Carlos Ghosn, had held too much power, failed to listen to others, and stayed on for too long.

Nissan Chief Executive Makoto Uchida told a Japanese court on Wednesday that the company’s former chairman, Carlos Ghosn, had held too much power, failed to listen to others, and stayed on for too long. Uchida said Wednesday that those were factors that led to financial misconduct charges for Ghosn. Greg Kelly, an American former executive vice president at Nissan, also is on trial on charges of failing to fully report Ghosn’s compensation.

The trial in Tokyo of two Americans charged with helping Nissan's former chairman, Carlos Ghosn, flee Japan has wrapped up with prosecutors seeking prison terms of more than two years.

The trial in Tokyo of two Americans charged with helping Nissan’s former chairman, Carlos Ghosn, flee Japan wrapped up Friday with prosecutors seeking prison terms of more than two years for each of them. The Americans, former Green Beret Michael Taylor and his son Peter Taylor, were arrested in Massachusetts last year and extradited in March. Ghosn was arrested in November 2018 and fled in December 2019 to Lebanon while out on bail awaiting trial.

Michael Taylor, a former Green Beret, and his son Peter are facing charges for allegedly helping Ghosn, the former chairman of Nissan, jump bail and escape Japan for Lebanon.

Two Americans charged in Japan with helping Nissan's former chairman, Carlos Ghosn, jump bail and escape Japan for Lebanon have apologized in a Tokyo court.

Two Americans charged in Japan with helping Nissan’s former chairman, Carlos Ghosn, jump bail and escape for Lebanon apologized Tuesday in a Tokyo court. Taylor, on trial in Tokyo District Court with his son Peter, said in response to questioning by his lawyer and prosecutors that he had been misinformed by Ghosn and his wife, Carole. Carole Ghosn told Taylor her husband was “tortured" and grilled in solitary confinement, he said.

Nissan Chief Executive Makoto Uchida has pleaded for patience from disgruntled shareholders and promised a turnaround at the Japanese automaker.

Senate Minority Leader Mitch McConnell says it would be “highly unlikely” that he’d allow President Biden to fill a Supreme Court vacancy in 2024 if Republicans were to take control of the chamber.

Two Americans charged with former Nissan chairman Carlos Ghosn flee Japan appeared in a Japanese court Monday.

Michael and Peter Taylor are accused of helping ex-Nissan boss Carlos Ghosn escape Japan in 2019.

On the opening day of their trial in Tokyo, statements from the two U.S. citizens suggest that they don't plan to fight charges of assisting former Nissan chairman Carlos Ghosn flee Japan.

Michael Taylor, 60, and his son Peter, 28, pleaded guilty to helping former Nissan chairman Carlos Ghosn escape trial in Japan in a box flown to Lebanon aboard a private jet

Michael Taylor and his son Peter, who appeared in a Tokyo court, face up to three years in prison if convicted of helping Carlos Ghosn flee.

Americans Michael Taylor and Peter Taylor pleaded guilty in a Tokyo court Monday to helping former Nissan chair Carlos Ghosn escape Japan in a box aboard a plane in 2019, per the Wall Street Journal.The big picture: Ghosn was awaiting trial in Tokyo on financial misconduct charges following his 2018 arrest when he fled to Lebanon. He denies any wrongdoing.Get market news worthy of your time with Axios Markets. Subscribe for free.Michael Taylor, a 60-year-old private security specialist and forme

Two Americans who are charged with helping former Nissan chairman Carlos Ghosn flee Japan while he was facing accusations of financial misconduct have agreed they took part in a scheme for him to escape the country.

Two Americans who are charged with helping former Nissan chairman Carlos Ghosn flee Japan while facing accusations of financial misconduct agreed Monday they took part in a scheme in which Ghosn hid in luggage and was flown out of the country. The statements by Michael Taylor and his son, Peter, on the opening day of their trial suggested the pair don’t plan to fight charges of assisting a criminal. Prosecutors read out a statement that accused Michael Taylor, a former Green Beret, and Peter Taylor of a scheme that involved hiding Ghosn in box for musical equipment.

Americans Michael Taylor and his son Peter Taylor go on trial in Tokyo on Monday on suspicion they helped Nissan former Chairman Carlos Ghosn skip bail and escape to Lebanon in December 2019.

Lawyers of ex-Nissan boss Carlos Ghosn say their client has answered hundreds of questions by French investigators over the past week in Beirut.

Ex-Nissan boss Carlos Ghosn has sat before French investigative judges in Beirut who questioned him for several hours over suspicions of financial misconduct.

For hours, French investigators on Thursday questioned fugitive former auto magnate Carlos Ghosn in the Lebanese capital as a witness in a probe over Renault’s pollutant emissions, according to two Lebanese officials. A prosecution official and a judge said the French questioned Ghosn before leaving Beirut later in the day. The officials said Lebanese investigators sat through the questioning of Ghosn.

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Former auto magnate Carlos Ghosn expects to get hit with preliminary charges after French investigators travel to Beirut next week to question him over suspicions of financial misconduct.

In a wide-ranging interview with The Associated Press in Beirut, former star auto executive Carlos Ghosn has shared his frustrations surrounding his stunning downfall and delved into his legal troubles in Japan, France and the Netherlands.

In a wide-ranging interview with The Associated Press, former star auto executive Carlos Ghosn shared his frustrations surrounding his stunning downfall and delved into his legal troubles in Japan, France and the Netherlands, his brazen escape from Japan and his new life trapped in Lebanon. Ghosn said he is adapting to the reality of life in Lebanon, where he grew up and is regarded as a hero, and says he feels safe and “free” here.

Former Nissan chairman Carlos Ghosn has backed American lawyer Greg Kelly's insistence he is innocent of any wrongdoing.

Former Nissan chairman Carlos Ghosn has backed his former colleague American lawyer Greg Kelly’s insistence he is innocent of any wrongdoing. Ghosn said in an interview with The Associated Press in Beirut, Lebanon, on Tuesday that Kelly, a former Nissan executive vice president, had sought only legal methods to arrange post-retirement compensation for his boss. Kelly was arrested at the same time as Ghosn in Tokyo in November 2018 and is charged with falsifying securities reports.

Fugitive ex-auto magnate Carlos Ghosn is campaigning to clear his name and hopes an upcoming hearing in Beirut with French investigators offers a chance to defend himself for the first time since his 2018 arrest in Japan.

Auto magnate-turned-fugitive Carlos Ghosn is campaigning to clear his name, and hopes a visit by French investigators to his home in exile in Lebanon will be his first real opportunity to defend himself since the bombshell arrest that transformed him from a visionary to a prisoner overnight. In an interview with The Associated Press, the embattled former chairman of the Renault-Nissan-Mitsubishi alliance dissected his legal troubles in Japan, France and the Netherlands, detailed how he plotted his brazen escape from Osaka, and reflected on his new reality in crisis-hit Lebanon, where he is stuck for the foreseeable future. Ghosn was arrested in Japan in November 2018 on accusations of financial misconduct and fled to Lebanon a year later.

A Dutch court has ordered fugitive former Nissan chairman Carlos Ghosn to repay nearly 5 million euros in salary to an Amsterdam-based alliance between Nissan and Mitsubishi, and rejected his claim for millions in compensation for wrongful dismissal.

Honda swung into the black in January-March, recording a 213 billion yen ($2 billion) profit despite the lingering impact of the pandemic.

An American lawyer on trial in Japan on charges related to reporting of former Nissan Chairman Carlos Ghosn’s compensation asserted his innocence Wednesday, testifying he acted legally and in Nissan's best interests. Greg Kelly, a former executive vice president at Nissan Motor Co., told the Tokyo District Court he was worried Ghosn might job-hop after taking a big pay cut in 2010, when Japan began requiring disclosures of high executive pay.

Nissan says that it has reduced its losses as restructuring efforts kicked in, despite damage to sales from the pandemic.

Japanese prosecutors say former Nissan Chairman Carlos Ghosn told them during questioning on financial misconduct charges before he fled Japan that his compensation was never decided upon.

The trial of two Americans accused of helping former Nissan Chairman Carlos Ghosn escape while out on bail will open June 14 at the Tokyo District Court.

Tokyo — Japanese prosecutors have charged two Americans, Michael Taylor and his son Peter, in connection with the escape of former Nissan Chairman Carlos Ghosn to Lebanon. Prosecutors said the Taylors were formally charged Monday with helping a criminal escape. Japan has put Ghosn on Interpol's wanted list, but Lebanon has no extradition treaty with Japan. Peter Taylor, 28, is accused of meeting with Ghosn and helping his father carry out the escape. The speaker box Michael and Peter Taylor allegedly used to help former Nissan chief Carlos Ghosn escape from Japan in 2019.

Japanese prosecutors have charged two Americans, Michael Taylor and his son Peter, in connection with the escape of former Nissan Chairman Carlos Ghosn to Lebanon. (DHA via AP, File)TOKYO – Japanese prosecutors charged two Americans, Michael Taylor and his son Peter, Monday in the escape of former Nissan Chairman Carlos Ghosn to Lebanon, while he was out on bail. Prosecutors said the Taylors were formally charged with helping a criminal escape, although dates and other details of a trial were undecided. Japan has put Ghosn on Interpol’s wanted list, but Lebanon has no extradition treaty with Japan. Peter Taylor, 28, is accused of meeting with Ghosn and helping his father carry out the escape.

Nissan lost 367.7 billion Japanese yen ($3.4 billion) through the first three quarters of its 2020 fiscal year, which ends in March. But it generated an operating profit of 27.1 billion Japanese yen ($250 million) in the third quarter – 100 billion Japanese yen ($921 million) ahead of its initial target. It also has cut 330 billion Japanese yen ($3 billion) in fixed costs compared to its initial plan of 300 billion Japanese yen ($2.8 billion). Nissan expects sales of its EVs and e-Power vehicles to reach 1 million by the end of its turnaround plan. Sales of all-electric vehicles were less than 4% of the global market in 2020, according to IHS Markit.

The lawyer for former Nissan Motor Co.'s executive Kelly, said his client was merely trying to prevent Ghosn from going to a rival automaker. At the time, Kelly, then a Nissan executive vice president, was making good money, had a successful career and moreover, was a lawyer. “He talks like a lawyer, and he thinks like a lawyer,” Kitamura said. Kelly, according to Kitamura, was just working out ways to pay Ghosn after retirement, through consulting fees and arranging a “non-compete” to prevent him from going to a rival automaker. “That would be the last day Greg would stay in Japan,” Kitamura said.

WorldView: Nearly 300 kidnapped Nigerian girls released Nearly 300 schoolgirls kidnapped by gunmen in Nigeria have been released, while hundreds of protesters in Hong Kong turned out to support arrested pro-democracy activists. Two Americans have been extradited to Japan for allegedly helping Nissan boss Carlos Ghosn flee, and the U.S. is expected issue new sanctions against Russia. CBS News foreign correspondent Debora Patta joins CBSN AM with the headlines.

WorldView: Nearly 300 kidnapped Nigerian girls released Nearly 300 schoolgirls kidnapped by gunmen in Nigeria have been released, while hundreds of protesters in Hong Kong turned out to support arrested pro-democracy activists. Two Americans have been extradited to Japan for allegedly helping Nissan boss Carlos Ghosn flee, and the U.S. is expected issue new sanctions against Russia. CBS News foreign correspondent Debora Patta joins "CBSN AM" with the headlines.

Tokyo — The men who masterminded former auto executive Carlos Ghosn dramatic, cinema-worthy escape from Japanese justice were themselves brought back to Japan on Tuesday to face justice for helping him jump bail and avoid trial. A plane's touch-down at Tokyo's Narita Airport signaled the end of a nine-month legal battle for former Green Beret Michael Taylor and his son Peter. KAZUHIRO NOGI/AFP/GettyJapanese prosecutors say Michael Taylor, 60, and his son Peter, 28, planned and executed the "brazen escape act," smuggling ex-Nissan chairman Ghosn out of Japan in a speaker case in December 2019. Japanese media have reported that the Taylors will be held in the same Tokyo detention center where Ghosn was taken after his arrest in 2018. If found guilty — and Japan has a 99% conviction rate — the Taylors face up to three years in prison.

Two Americans suspected of helping Ghosn skip bail and escape to Lebanon in December 2019 have been extradited to Japan. (AP Photo/Hussein Malla, File)TOKYO – Two Americans suspected of helping former Nissan Chairman Carlos Ghosn skip bail and escape to Lebanon in December 2019 have been extradited to Japan. The box passed through airport security in Osaka, central Japan, and was loaded onto a private jet that flew Ghosn to Turkey. Peter Taylor is accused of meeting with Ghosn and helping his father carry out the escape. Japan has put Ghosn on Interpol's wanted list, but Lebanon has no extradition treaty with Japan.

They have accused Japan of pursuing the pair in an attempt to save face after the embarrassment of Ghosn’s escape. He gave an interview to Vanity Fair magazine for a story last year in which he described the mission in detail. But he insisted that his son wasn’t involved and was not even in Japan when Ghosn left. The elder Taylor and Zayek met up with the two others at the Grand Hyatt and shortly after, they split up. But a federal judge in Boston put their extradition on hold shortly after their lawyers filed an emergency petition.

Former Nissan Chief Executive Saikawa told a Japanese court Wednesday, Feb. 24, 2021, he believed the compensation for his predecessor Carlos Ghosn was too low by international standards, and so he supported Ghosns retirement packages to prevent him from leaving. An American, he has been charged with financial misconduct in failing to fully disclose Ghosn’s future compensation. Ghosn led Nissan for two decades, salvaging the Japanese automaker from the brink of collapse. In the cross-examination by Kelly's defense lawyer Yoichi Kitamura, Saikawa said the several documents he signed were not about Ghosn's unpaid compensation but for services after Ghosn's retirement. When asked why he signed the documents, Saikawa said he trusted Kelly.

Taylor is accused of smuggling former Nissan Motor Co. Chairman Carlos Ghosn out of Japan in 2019 while he was awaiting trial on financial misconduct charges. The flight went first to Turkey, and then to Lebanon, where Ghosn has citizenship but which has no extradition treaty with Japan. Lawyers for the Taylors argue the men can’t legally be extradited and will be treated unfairly in the Japan. Their lawyers told the Supreme Court in a brief filed Friday that the men would face harsh treatment in the Japanese criminal justice system. U.S. authorities had said they would not hand the men over to Japan while their bid for a stay was pending before Breyer, an attorney for the Taylors said.

Taylor is accused of smuggling former Nissan Motor Co. Chairman Carlos Ghosn out of Japan in 2019 while he was awaiting trial on financial misconduct charges. Their lawyers told the Supreme Court that the men would face harsh treatment in the Japanese criminal justice system. The Taylors are asking the Supreme Court to halt the extradition until their case is fully considered by the 1st Circuit and, if necessary, the Supreme Court. The flight went first to Turkey, and then to Lebanon, where Ghosn has citizenship but which has no extradition treaty with Japan. The judge rejected the petition last month, clearing the way for the extradition, before the lawyers appealed to the 1st Circuit.

Circuit Court of Appeals rejected an emergency petition to halt Michael and Peter Taylor's extradition to give them time to challenge a lower court ruling. The U.S. government has said it could surrender the men to Japan as early as Friday, according to the Taylors' lawyers. In an interview with CBS Boston this week, he claimed Japan is "clearly going to torture us." The speaker box Michael and Peter Taylor allegedly used to help former Nissan chief Carlos Ghosn escape from Japan in 2019. The judge rejected the petition last week, clearing the way for the extradition, before the lawyers appealed to the 1st Circuit.

Taylor is accused of smuggling former Nissan Motor Co. Chairman Carlos Ghosn out of Japan in 2019 while he was awaiting trial on financial misconduct charges. Circuit Court of Appeals rejected an emergency petition to halt Michael and Peter Taylor's extradition to give them time to challenge a lower court ruling. The U.S. government has said it could surrender the men to Japan as early as Friday, according to the Taylors' lawyers. The judge rejected the petition last week, clearing the way for the extradition, before the lawyers appealed to the 1st Circuit. He is now in Lebanon, where he has citizenship but which has no extradition treaty with Japan.

Nissan Motor Co. reported a 37.8 billion yen ($360 million) loss for October-December, bigger than the 26 billion yen loss racked up the previous year. But they still lag, at about a million vehicles for the quarter, down from 1.2 million vehicles a year ago. Chief Executive Makoto Uchida told reporters the annual sales forecast was lowered to about 4 million vehicles from an earlier 4.2 million vehicles. High-ranking people at Nissan, including Ghosn, were convinced his pay would come under criticism, according to testimony from several Nissan officials. AdJapanese prosecutors have argued the convoluted efforts to pay Ghosn without disclosing the full amount constitute a white-collar crime.

Chair Carlos Ghosn out of Japan in a box is imploring U.S. officials to block their extradition. Authorities say the Taylors were paid at least $1.3 million for their help. Ghosn wired more than $860,000 to a company linked to Peter Taylor shortly before the escape and Ghosn’s son later made $500,000 in cryptocurrency payments, authorities said. Meanwhile, Ghosn, free on bail, headed to the Grand Hyatt in Tokyo and met up with Peter Taylor, who was already in Japan, authorities say. Authorities say Ghosn was inside one of the big black boxes.

U.S. District Judge Indira Talwani rejected a request to block the U.S. from handing Michael Taylor and his son, Peter Taylor, over to Japan. U.S. District Judge Indira Talwani rejected a request to block the U.S. from handing Michael Taylor and his son, Peter Taylor, over to Japan. AdGhosn is now in Lebanon, where he has citizenship but which has no extradition treaty with Japan. Meanwhile, Ghosn headed to the Grand Hyatt in Tokyo and met up with Peter Taylor, who was already in Japan. Peter Taylor hopped on a flight to China, authorities say.

A security official checks people's IDs before the third hearing in the trial of Carlos Ghosn, former Nissan Motor Co. chairman, in Istanbul, Wednesday, Jan. 20, 2021. Turkish prosecutors on Wednesday pushed for maximum 12 years in prison each for a Turkish private airline company official and two pilots who are accused of smuggling Ghosn out of Japan, Turkey's state-run news agency reported. (AP Photo/Mehmet Guzel)ISTANBUL – Turkish prosecutors on Wednesday sought the maximum possible 12 years in prison each for a Turkish private airline official and two pilots accused of smuggling the former Nissan Motor Co. chairman out of Japan, Turkey’s state news agency reported. Delivering their final opinion on the case, the prosecutors also demanded that charges against two flight attendants be dropped. During the opening hearing, airline official Okan Kosemen claimed he was made aware that Ghosn was on the plane to Istanbul only after it landed.

(AP Photo/Hussein Malla, file)BEIRUT – Former Renault-Nissan boss Carlos Ghosn said in an interview aired Monday that French investigators are coming to question him in Lebanon over some legal challenges in France, asking why don't the Japanese do the same thing. Ghosn, who is a Lebanese, Brazilian and French national, fled Japan in a dramatic escape that drew headlines in late 2019, arriving in Lebanon on Dec. 30 of that year. “Now the French have charges,” Ghosn said. The Japanese are not doing this.”“I consider all the charges to be false,” Ghosn said. Another investigation focused on suspected misuse of company funds for a party for Ghosn at Versailles.

(AP Photo/Hussein Malla, file)BEIRUT – A team of French investigators will come to Beirut next month to participate in interrogating former Renault-Nissan boss Carlos Ghosn, a Lebanese justice ministry official said Saturday. The official gave no specific date or details of what information the investigators would seek from Ghosn. Former auto executive Ghosn, who is a Lebanese, Brazilian and French national, fled Japan in a dramatic escape that drew headlines last year, arriving in Lebanon on Dec. 30, 2019. The Lebanese official, speaking on condition of anonymity in line with regulations, said the French investigators would be working alongside their Lebanese counterparts. Information about investigations is secret under French law, and French judicial officials did not respond to requests for comment Saturday on the report.

But it's also trying to recover from some self-inflicted wounds by former Nissan executives, including ex-CEO Carlos Ghosn. In mid-November the automaker posted a quarterly loss of about 44.4 billion yen ($420 million). It is now expecting to lose several times that — about 615 billion yen ($5.9 billion) in the fiscal year 2020, which ends in March. Meanwhile, Nissan is both trying to trim its lineup and release some new products. Nissan had been something of a leader in electric vehicles when it released the Leaf, a small affordable electric hatchback.

High-flying automotive executive turned international fugitive Carlos Ghosn believes the coronavirus pandemic will accelerate consolidation of the global automotive industry, including his former employer Nissan Motor. "Even if they find a vaccine immediately, is going take probably one year before things start to come back to normal. A lot of companies are going to be struggling. NissanGhosn said companies that lack vision will likely become takeover targets for those with better balance sheets or plans for the future, including electric vehicles. He believes Nissan as well as its alliance partners, Renault and Mitsubishi, could be companies that don't survive.