Carlos Ghosn

Nissan shares fall to their lowest in a decade

Former Nissan Chairman Carlos Ghosn
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Former Nissan Chairman Carlos Ghosn

Shares in Nissan have fallen nearly 10% to their lowest in over a decade, after the struggling Japanese carmarker announced sharp cuts to to its annual profit forecast and said it wouldn't pay a dividend for the second half of the financial year.

Nissan has been badly shaken by the scandal surrounding former boss Carlos Ghosn, combined with a slump in sales.

Nissan seeks $90m damages from Carlos Ghosn

Former Renault-Nissan boss Carlos Ghosn addresses a large crowd of journalists on his reasons for dodging trial in Japan where he is accused of financial misconduct.
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Japanese car maker Nissan has filed a civil lawsuit against its former chairman Carlos Ghosn.

The suit, filed at Yokohama District Court, seeks an initial amount of $90m (£69.5m).

Mr Ghosn is currently in Lebanon after jumping bail in Japan where he faces charges of financial misconduct.

He denies charges of financial wrongdoing in Japan, claiming the country's justice system is "rigged".

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Japan issues arrest warrant for Carlos Ghosn

Carlos Ghosn
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Japanese authorities have issued arrest warrants for the men who are thought to have smuggled former Nissan boss Carlos Ghosn out of the country and into Lebanon.

The arrest warrants were issued for Michael Taylor, a former US Green Beret, and two other men, George-Antoine Zayek and Peter Taylor who allegedly helped Mr Ghosn flee Japan ahead of a trial on charges of under-reporting earnings, breach of trust and misappropriation of company funds, all of which he denies.

A warrant was also issued for Mr Ghosn for illegally leaving the country.

Ghosn lawyers: Nissan probe 'lacked integrity'

Carlos Ghosn
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Lawyers for fugitive former Nissan boss Carlos Ghosn have hit back after the firm published a report on the Tokyo Stock Exchange on Thursday.

"This report confirms that Nissan’s investigation was biased, lacked integrity and independence, and was designed and executed for the predetermined purpose of taking out Carlos Ghosn. These acts don’t serve the truth, nor they are in line with the company’s interests," the laywers said.

Ghosn's top Japanese lawyers quit

Junichiro Hironaka
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Carlos Ghosn's Japanese lawyers have quit after the former Nissan boss's shock escape to Beirut last month.

Reuters reports that lead lawyer Junichiro Hironaka (pictured) and his colleague Takashi Takano are no longer representing Mr Ghosn, who skipped bail in December when he fled for Lebanon in December.

At the time of Mr Ghosn's escape, Mr Hironaka said: "I want to ask him ‘how could you do this to us?'”

Read more about Carlos Ghosn - the "god of cars" - here.

Carlos Ghosn: The fall of the god of cars

Carlos Ghosn flew into Japan in 2018 one of the most powerful motor industry executives in the world. More than a year later, he left as a fugitive.

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Animation of Carlos Ghosn standing astride lots of cars
Rebecca Hendin/BBC