After recent dire results for Mitsubishi - notably a £1.3bn loss for the last quarter - the firm has decided to focus on faster growing, more profitable markets.
Former Nissan chairman Carlos Ghosn has had his bail interrupted as Japanese prosecutors re-arrested him once again amid allegations that he caused the carmaker £3.8 million in losses.
Renault could restart its merger talks with Alliance partner Nissan ahead of a bid to acquire the FCA Group, according to reports in the Financial Times.
Renault’s board has taken the decision to separate the roles of chairman and chief executive following the resignation of Carlos Ghosn.
Former Nissan chairman Carlos Ghosn has been re-arrested and charged on allegations of ‘aggravated breach of trust’, Japanese news outlets have reported.
Former Nissan chairman Carlos Ghosn has been formally charged in relation to the misreporting of his pay package over a seven-year period.
Renault’s board of directors have handed Carlos Ghosn's leadership powers to chief operating officer Thierry Bolloré and requested that Alliance partner Nissan discloses “all information” related to financial misconduct investigation.
Nissan will seek to remove chairman Carlos Ghosn from the business after an investigation into "financial misconduct" revealed evidence that he had been under-reporting his pay package.
Former Renault UK managing director Ken Ramirez has been appointed as Nissan Europe’s new senior vice-president for sales and marketing.
