Nissan, Renault Break Up The Ghosn-style Almighty Chairmanship

Nissan, Renault break up the Ghosn-style almighty chairmanship

YOKOHAMA, Japan — Japan's Nissan Motor and France's Renault said they would retool the world's top car-making alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship previously wielded by ousted boss Carlos Ghosn. The removal of Ghosn, credited for rescuing Nissan from near-bankruptcy in 1999, had caused much uncertainty about the future of the alliance and some speculation the partnership could even unravel. The companies, together with junior ally Mitsubishi Motors, on Tuesday said the chairman of Renault would serve as the head of the alliance but — in a critical sign of the rebalancing — not as chairman of Nissan.

"This is a very special day for the alliance," Renault SA's chairman, Jean-Dominique Senard, told reporters after a meeting at Nissan's Yokohama headquarters. He spoke to reporters along with Renault's chief executive, Thierry Bollore; Nissan CEO Hiroto Saikawa; and Osamu Masuko, CEO of the smaller Japanese alliance partner Mitsubishi Motors Corp.

Lawyers: Ghosn Considering News Conference Plan

Lawyers: Ghosn considering news conference plan

Former Nissan and Renault chief Carlos Ghosn held talks with his lawyers about various issues, including when he should hold a news conference.

Ghosn was arrested and indicted on charges of financial misconduct in Japan. He is currently facing charges of aggravated breach of trust and underreporting his compensation as head of Nissan.

Carlos Ghosn Steps Out In Tokyo

Carlos Ghosn steps out in Tokyo

Nissan Motor's former chairman has been spotted visiting a park with his family, after leaving a Tokyo detention center on bail earlier this week.

Carlos Ghosn was seen outside his residence on Friday afternoon.

Ghosn At Home, Maintains Silence In Front Of Media

Ghosn at home, maintains silence in front of media

Former Nissan Motor chairman Carlos Ghosn, who was released on bail on Wednesday, was seen near his residence in Tokyo on Friday, in line with the conditions of his bail.

The 64-year-old has been indicted for aggravated breach of trust and underreporting his compensation. He walked out of a Tokyo detention center after spending over 100 days in custody and posting about nine million dollars as bail.

Ghosn At Home, Maintains Silence In Front Of Media

Ghosn at home, maintains silence in front of media

Former Nissan Motor chairman Carlos Ghosn, who was released on bail on Wednesday, was seen near his residence in Tokyo on Friday, in line with the conditions of his bail.

The 64-year-old has been indicted for aggravated breach of trust and underreporting his compensation. He walked out of a Tokyo detention center after spending over 100 days in custody and posting about nine million dollars as bail.

Ghosn At Home, Maintains Silence In Front Of Media

Ghosn at home, maintains silence in front of media

Former Nissan Motor chairman Carlos Ghosn, who was released on bail on Wednesday, was seen near his residence in Tokyo on Friday, in line with the conditions of his bail.

The 64-year-old has been indicted for aggravated breach of trust and underreporting his compensation. He walked out of a Tokyo detention center after spending over 100 days in custody and posting about nine million dollars as bail.

Lawyers: No Ghosn News Conference This Week

Lawyers: No Ghosn news conference this week

The defense team members of former Nissan Motor chairman Carlos Ghosn have decided not to hold a news conference this week.

The head lawyer, Junichiro Hironaka, spoke to reporters on Thursday night, one day after Ghosn was released from a detention center in Tokyo after 108 days in custody on a nine-million-dollar bail with a number of conditions.

Why Did Ghosn Leave Detention In Disguise?

Why did Ghosn leave detention in disguise?

Former Nissan Motor chairman Carlos Ghosn walked out of detention wearing work clothes, a cap and a surgical mask after he was released on bail on Wednesday.

Sources say Ghosn's lawyers told the detention house that they wanted him dressed in a work uniform and driven away in a small van.

Lawyers Planning Ghosn News Conference

Lawyers planning Ghosn news conference

The defense team of former Nissan Motor Chairman Carlos Ghosn is preparing to hold his first news conference since leaving detention.

Ghosn was released on nine-million-dollar bail on Wednesday after being detained for 108 days. He has been arrested and indicted for aggravated breach of trust and underreporting his compensation. He denies the charges.

Ghosn Considering News Conference

Ghosn considering news conference

Lawyers for former Nissan chairman Carlos Ghosn say he is considering holding a news conference to help restore his reputation.

Ghosn has been indicted for aggravated breach of trust and underreporting his compensation by tens of millions of dollars. He denies those charges.

Ghosn Released On Bail After 108 Days In Det

Ghosn released on bail after 108 days in det

The Former Chairman of Nissan Motor is free on bail. After spending over 100 days in custody, Carlos Ghosn posted nearly nine million dollars and walked out of a Tokyo detention center.

Ghosn stepped outside at around 4:30 PM on Wednesday, in disguise. He was wearing a worker's uniform, a cap and mask. He then got into a van and made his way to the office of one of his lawyers.

Lawyer: No Plans Yet For Ghosn News Conference

Lawyer: No plans yet for Ghosn news conference

The lawyer for former Nissan Motor chairman Carlos Ghosn says that so far there are no plans for his client to hold a news conference.

Junichiro Hironaka heads Ghosn's legal team. Hironaka's law firm made the announcement on Wednesday afternoon.

Ghosn Released On Bail After 108 Days In Detention

Ghosn released on bail after 108 days in detention

Former Nissan Motor Chairman Carlos Ghosn has been released on bail after spending over 100 days in custody. He has posted nearly 9 million dollars and walked out of a Tokyo detention center.

Ghosn stepped outside at around 4:30 PM local time on Wednesday. To the surprise of many, he was wearing a worker's uniform, a blue cap and mask.

Carlos Ghosn Released On Bail

Carlos Ghosn released on bail

Former Nissan Motor Chairman Carlos Ghosn has been released on bail. After spending over 100 days in detention, he has posted nearly 9 million dollars and walked out of a Tokyo detention center.

Ghosn's freedom is conditional. The 64-year-old can't leave Japan. He's prohibited from contacting people involved with the case. And he must submit to video surveillance and internet restrictions.