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Ghosn hit with new allegations of improper payments

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Scandal-hit Renault boss Carlos Ghosn improperly received €7.8m (£7m) from a joint venture between Nissan and Mitsubishi, the carmakers allege. Netherlands-based Nissan-Mitsubishi BV says the payment was made despite no discussion with the other two board members, Nissan chief executive Hiroto Saikawa and Mitsubishi CEO Osamu Masuko. Ghosn was arrested on 19 November on charges of Read More

U.S. grand jury indicts four Audi managers in VW emissions probe

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WASHINGTON (Reuters) – A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG’s (VOWG_p.DE) luxury Audi unit as part of the U.S. government’s investigation into the German automaker’s diesel (gasoil) emissions cheating scandal, according to court documents. An Audi logo is pictured at the Frankfurt Motor Show (IAA) in Frankfurt, Germany Read More

Four Audi managers indicted in U.S. VW diesel (gasoil) emissions probe: documents

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WASHINGTON (Reuters) – A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG’s (VOWG_p.DE) luxury Audi unit as part of the U.S. government’s investigation into the German automaker’s diesel (gasoil) emissions cheating scandal, according to court documents. An Audi logo is pictured at the Frankfurt Motor Show (IAA) in Frankfurt, Germany Read More

French government calls for Renault board meeting to replace Ghosn

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FILE PHOTO: French Finance Minister Bruno Le Maire attends the questions to the government session at the National Assembly in Paris, France, November 27, 2018. REUTERS/Gonzalo Fuentes PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday the government had called for a Renault (RENA.PA) board meeting in the coming days to replace Read More

Goldman Sachs CEO apologizes for ex-banker's role in 1MDB scandal

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FILE PHOTO: David Solomon, president and chief operating officer of Goldman Sachs, speaks at the Bloomberg Global Business forum in New York, U.S., September 26, 2018. REUTERS/Shannon Stapleton (Reuters) – Goldman Sachs (GS.N) Chief Executive Officer David Solomon on Wednesday apologized to the Malaysian people for former banker Tim Leissner’s role in the sovereign wealth Read More

France seeks Renault board meeting to replace Ghosn: sources

4 days ago DieselGasoil Comments Off on France seeks Renault board meeting to replace Ghosn: sources
PARIS (Reuters) – The French government is moving to dismiss Renault’s (RENA.PA) scandal-hit Chairman and Chief Executive Carlos Ghosn and has requested a board meeting to consider candidates to replace him, sources with knowledge of the matter told Reuters. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference Read More

Wells Fargo revenue misses on weakness in consumer banking

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(Reuters) – Wells Fargo & Co on Tuesday reported quarterly revenue that missed analysts’ estimates, as revenue across all its banking units declined, especially at community banking, the unit at the center of its 2016 sales scandal. A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake Shares Read More

Nissan CEO calls for Renault board to review Ghosn findings

5 days ago DieselGasoil Comments Off on Nissan CEO calls for Renault board to review Ghosn findings
PARIS (Reuters) – Nissan (7201.T) expects alliance partner Renault’s (RENA.PA) board to back its ousting of Chairman Carlos Ghosn once it sees evidence from the Japanese carmaker’s investigation, Chief Executive Hiroto Saikawa said in a Monday newspaper interview. FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa attends a news conference at its global Read More

Merkel's CDU successor laments 'crusades' against diesel (gasoil)

6 days ago DieselGasoil Comments Off on Merkel's CDU successor laments 'crusades' against diesel (gasoil)
Christian Democratic Union, CDU party leader Annegret Kramp-Karrenbauer gives a statement after a Christian Social Union party meeting at “Kloster Seeon” in Seeon, Germany, January 5, 2019. REUTERS/Andreas Gebert BERLIN (Reuters) – German conservative leader Annegret Kramp-Karrenbauer on Monday accused environmental organizations of mounting “crusades” against diesel (gasoil) vehicles and said that driving bans threaten Read More