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Detained ex-Nissan chairman Ghosn offers stock, passports for bail

3 hours ago DieselGasoil Comments Off on Detained ex-Nissan chairman Ghosn offers stock, passports for bail
(Reuters) – Ousted Nissan Motor Co (7201.T) chairman Carlos Ghosn has offered to post stock he owns in the automaker as collateral, surrender his passports and submit to electronic tracking as part of a renewed effort to persuade a Tokyo court to grant him bail while he awaits trial on charges of financial misconduct, a Read More

Detained ex-Nissan exec Ghosn promises not to flee Japan if freed

7 hours ago DieselGasoil Comments Off on Detained ex-Nissan exec Ghosn promises not to flee Japan if freed
(Reuters) – Ousted Nissan Motor Co (7201.T) Chairman Carlos Ghosn on Sunday promised to remain in Japan and follow restrictions in exchange for his release from jail in the latest effort to persuade a court to grant him bail while he awaits trial on charges of financial misconduct. FILE PHOTO: Carlos Ghosn, chairman and CEO Read More

Detained ex-Nissan exec Ghosn says he will stay in Japan if freed

8 hours ago DieselGasoil Comments Off on Detained ex-Nissan exec Ghosn says he will stay in Japan if freed
FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo (Reuters) – Ousted Nissan Motor Co (7201.T) Chairman Carlos Ghosn said on Sunday he will remain in Japan Read More

German arms manufacturer to sue govt over weapons deliveries’ halt to Saudi Arabia – report

8 hours ago DieselGasoil Comments Off on German arms manufacturer to sue govt over weapons deliveries’ halt to Saudi Arabia – report
Berlin might face a lawsuit from one of Germany’s largest defense contractors, Rheinmetall, over its decision to halt all arms deals with Riyadh in the wake of the murder of Saudi journalist Jamal Khashoggi, Der Spiegel reports. Rheinmetall AG might file a claim for compensation against the federal government worth millions of euro, the company Read More

Ghosn may have had questionable ethics, co-chair of external Nissan probe says

12 hours ago DieselGasoil Comments Off on Ghosn may have had questionable ethics, co-chair of external Nissan probe says
TOKYO (Reuters) – The co-chair of a committee set up by Japanese automaker Nissan Motor Co (7201.T) to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn said he believed Ghosn may have had questionable ethical standards. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front Read More

Nissan special committee says carmaker suffered from poor governance

15 hours ago DieselGasoil Comments Off on Nissan special committee says carmaker suffered from poor governance
FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of a common dealership of the companies in Saint-Avold, France, January 15, 2019. REUTERS/Christian Hartmann/File Photo TOKYO (Reuters) – A special committee set up by Nissan Motor Co (7201.T) to examine the root cause of alleged financial misconduct by ousted chairman Read More

China set to post slowest growth in 28 years in 2018, more stimulus seen

24 hours ago DieselGasoil Comments Off on China set to post slowest growth in 28 years in 2018, more stimulus seen
BEIJING (Reuters) – China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. A woman looks at job advertisements on a wall in Read More

Paris informs Tokyo it wants Renault and Nissan to integrate: Nikkei

1 day ago DieselGasoil Comments Off on Paris informs Tokyo it wants Renault and Nissan to integrate: Nikkei
The logos of car manufacturers Renault and Nissan are seen in front of a common dealership of the companies in Saint-Avold, France, January 15, 2019. REUTERS/Christian Hartmann TOKYO (Reuters) – A French government delegation has informed Tokyo that it would seek an integration of Renault (RENA.PA) and Nissan (7201.T), most likely under the umbrella of Read More

GM warns workers in Brazil on losses, tough turnaround plan

1 day ago DieselGasoil Comments Off on GM warns workers in Brazil on losses, tough turnaround plan
SAO PAULO (Reuters) – General Motors Co (GM.N) has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters on Saturday. The GM logo is seen at the General Motors headquarters in Sao Caetano do Sul, Brazil March Read More

Supermarket retailer Casino to sell six stores to rival Leclerc

2 days ago DieselGasoil Comments Off on Supermarket retailer Casino to sell six stores to rival Leclerc
FILE PHOTO: The logo of Casino shop is seen in Nice, France, January 15, 2019. REUTERS/Eric Gaillard/File Photo PARIS (Reuters) – French supermarket retailer Casino (CASP.PA), in the process of divesting assets to cut debts, has agreed to sell six of its ‘Geant’ hypermarket stores to domestic rival Leclerc for 100.5 million euros ($114 million). Read More