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Nissan promised to improve corporate compliance after Tokyo prosecutors indicted former Chairman Carlos Ghosn, close aide Greg Kelly and the automaker itself for allegedly understating Ghosn's compensation.
Carlos Ghosn and Nissan were indicted in Japan on Monday for understating Ghosn's income, as Tokyo prosecutors pushed ahead with the criminal investigation that has shaken the global auto industry.
Renault, the automaker in which the French state is the most powerful shareholder, is headed into a decisive week over its leadership.
Carlos Ghosn's arrest in Tokyo is already having consequences, from product marketing to international diplomatic relations. More complications could be ahead.
Ghosn indicted, rearrested, could face decade in prison; Nissan, Kelly also charged; Sources: Ghosn planned CEO's ouster; Musk opens up on '60 Minutes'; Dealers' outlook dims.
A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has become the latest battleground between the indicted former Nissan chairman and the automaker.
Carlos Ghosn was planning to remove Nissan CEO Hiroto Saikawa before Ghosn was arrested in Japan last month for alleged financial misconduct, people familiar with the matter said.
Ousted Nissan boss Carlos Ghosn faces a landmark day in his Japanese judicial ordeal on Monday when prosecutors must decide to either indict or free the jailed auto executive.
Monday marks the end of Carlos Ghosn's 22-day detention, having been held without charge since his arrest on suspicion of under-reporting compensation following a whistleblower tip.
Nissan discovered more final inspection problems and said it will recall 150,000 vehicles in Japan as an executive blamed ousted boss Carlos Ghosn for partially fanning the lapses.
Tokyo prosecutors are expected to charge Nissan as a corporate entity, alongside ousted chairman Carlos Ghosn for allegedly violating financial laws, a report said.
Prosecutors targeting Nissan?; Barra faces unhappy Mich. delegation in D.C.; Financial watchdog nominee confirmed; Three Ford VPs to retire; Why Lexus prefers to wait.
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