Nissan is suing the Japanese automaker's former Chairman Carlos Ghosn, seeking $91 million in damages.
Nissan filed a civil suit Wednesday seeking $91 million in damages from the Japanese automaker’s former chairman, Carlos Ghosn.
Ghosn, who led Nissan for two decades and saved it from near-bankruptcy, was arrested in Japan in November 2018. He was charged with under-reporting his future compensation and breach of trust in diverting Nissan money for personal gain.He was awaiting trial but skipped bail and showed up in Lebanon late last year. Japan has no extradition treaty with Lebanon, and he’s unlikely to be arrested.
for Ghosn and three Americans, accused of helping his escape. Separately, they issued an arrest warrant for Ghosn’s wife on suspicion of perjury.Ghosn has repeatedly said he is innocent, saying that the promised compensation had never been decided, and all the payments were for legitimate services. Nissan’s reputation has been sorely tarnished over the Ghosn fiasco, and its sales have dropped. Nissan reports financial results Thursday.
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Nissan Sues Carlos Ghosn For $90 MillionI’ve been covering the auto industry since 1989, first as CNN Detroit Bureau Chief, then as the National Auto Writer for the Associated Press, General Motors beat writer at the Detroit News and video reporter at Automotive News. I also established Fiat Chrysler’s digital communications team, pioneering the concept of “corporate journalism” where companies tell their own stories using social media, video and webcasts. We used those methods to sell the American public on why then-Chrysler Group LLC was worth bailing out. My first interview as an auto writer was with Ford’s numbers cruncher who was about to retire. He told me to “be prepared, sit down, ask smart questions, then shut up, listen and write the truth.” Good advice. Still using it.
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Nissan Sues Carlos Ghosn in JapanNissan sued Carlos Ghosn in a Japanese court, seeking $90 million in damages to recoup costs related to the former chairman’s alleged financial misconduct.
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