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.

VW Gets Preliminary Approval on $48 Million Diesel Lawsuit

December 03, 2018 at 12:00 AM

Volkswagen AG has won preliminary approval by a U.S. court for a $48 million settlement of an investors lawsuit over the company’s diesel cheating scandal.

Report: Prosecutors Have Until Dec. 10 to Charge Ghosn

November 30, 2018 at 1:36 AM

Japanese prosecutors must file charges against ousted Nissan Motor Co. Chairman Carlos Ghosn no later than Dec. 10 or release him, Reuters says.

U.S. Judge Orders New Talks to Resolve FCA Diesel Settlement

November 29, 2018 at 12:09 AM

A federal court in San Francisco has ordered a new round of talks to resolve charges that Fiat Chrysler Automobiles NV used illegal emission control software in 104,000 diesels sold in the U.S.

Report: Nissan Auditor Repeatedly Flagged Ghosn Payments

November 28, 2018 at 5:02 PM

Nissan Motor Co.’s outside auditor repeatedly questioned the carmaker’s compensation practices for former Chairman Carlos Ghosn but was assured everything was proper, a source tells Reuters.

VW Ordered to Pay Owner Original Purchase Price for Aging Diesel

November 23, 2018 at 5:24 PM

A German court has ordered Volkswagen AG to reimburse the original purchase price of nearly €30,000 ($34,000) for a 2012 diesel it had rigged to evade emission standards.

Ghosn Likely to Remain in Jail for Another 10 Days

November 21, 2018 at 2:47 PM

Renault-Nissan-Mitsubishi Chairman Carlos Ghosn is likely to be detained for another 10 days after being arrested on Monday in Tokyo, according to Kyodo News.

Ghosn Probe Expands to Renault-Nissan-Mitsubishi Finances

November 20, 2018 at 12:20 PM

Nissan’s investigation into claimed financial wrongdoing by CEO Carlos Ghosn is broadening to cover possible misconduct involving the finances of the Renault-Nissan-Mitsubishi alliance, sources tell Reuters.

Report: Ghosn Failed to Report $45 Million in Compensation

November 19, 2018 at 2:50 PM

  Chairman Carlos Ghosn reported only half the 10 billion yen ($89 million) he was paid by Nissan Motor Co. between 2011 and 2016, The Nikkei reports.

Ex-Tesla Manager Indicted for Embezzling $9.3 Million

November 13, 2018 at 2:39 AM

A former supply chain manager at Tesla Inc. has been accused by prosecutors of embezzling $9.3 million in 2016-2017, USA Today reports.

German Court Orders Diesel Bans in Bonn, Cologne

November 09, 2018 at 2:27 AM

An administrative court in Germany has ruled that Bonn and Cologne must implement partial bans on diesel vehicles to help meet European Union air quality standards.