Legal

BMW Faces Criminal Probe in S. Korea Over Engine Fires

December 24, 2018 at 2:18 AM

South Korea’s transport ministry says it will ask prosecutors to open a criminal investigation in BMW AG handling of an engine defect blames for more than 40 engine fires this year.

Ghosn Re-Arrested in Japan

December 21, 2018 at 3:05 AM

Prosecutors in Japan re-arrested former Nissan Motor Co. Chairman Carlos Ghosn earlier today, ending his hope of being released on bail this weekend.

UPDATE: Court Says “No” to More Jail Time for Ghosn

December 20, 2018 at 2:47 AM

A court in Tokyo ruled earlier today against extending the jail time for ex-Nissan Chairman Carlos Ghosn, who has been detained since Nov. 19.

IAV Pleads Guilty in U.S. to Helping VW Cheat on Diesel Emissions

December 18, 2018 at 3:07 PM

German engineering firm IAV Group has agreed to plead guilty and pay a $35 million fine for criminal conspiracy to help Volkswagen AG rig diesels to evade U.S. emission laws.

Ghosn Probe Zeros in on Special “CEO Reserve” Fund

December 14, 2018 at 4:09 PM

Nissan Motor Co. is looking at possible abuse of an internal fund set up to pay for personal expenses and residences used by ex-Chairman Carlos Ghosn and his family, sources tell Reuters.

Nissan Sues Ghosn’s Sister for “Unjust Enrichment”

December 13, 2018 at 4:02 PM

Nissan Motor Co. rhas sued former Chairman Carlos Ghosn’s older sister in a Rio de Janeiro court for “unjust enrichment,” Reuters reports.

EU Ordered to Restore Tougher Diesel Emission Rules

December 13, 2018 at 1:48 PM

A European high court has reversed a European Union decision two years ago that allowed new diesel vehicles to emit “excessively high” nitrogen oxides.

Nissan to Widen Ghosn Probe

December 12, 2018 at 10:52 AM

Nissan Motor Co. is preparing to widen its investigation into financial wrongdoing by former Chairman Carlos Ghosn to include the company’s alliance with Renault SA and its subsidiaries.

Report: Ghosn Kept List of Hidden Compensation

December 12, 2018 at 2:37 AM

Japanese prosecutors have found a list apparently created by former Nissan Motor Co. Chairman Carlos Ghosn that charts compensation the company didn’t report but he expected to receive, The Nikkei says.

Argentina Convicts Two Ex-Ford Officials in Torture Case

December 11, 2018 at 5:48 PM

A court in Buenos Aires found two former executives of Ford Motor Co.’s factory guilty of aiding in the torture and kidnapping of 24 plant employees four decades ago.

Ghosn, Kelly and Nissan Indicted in Japan

December 10, 2018 at 10:50 AM

Prosecutors in Japan have indicted former Nissan Motor Co. Chairman Carlos Ghosn, board member Greg Kelly and the company itself for grossly understanding Ghosn’s compensation for five years.

VW Denies Chairman Should Have Reported Diesel Cheating Earlier

December 10, 2018 at 1:53 AM

Volkswagen AG denies that Chairman Hans Dieter Poetsch should have told investors about the company’s diesel emission cheating three months before the fact became public.