Ghosn, former Nissan Director: Renault / Nissan results are pathetic

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PARIS (Reuters) – Carlos Ghosn, a former Nissan CEO of Nissan Motors, criticized the Renault and Nissan companies they formerly headed in a newspaper interview on Sunday, describing their results as “pathetic” and largely caused by a lack of co-driving rather than a Covid-19 disease pandemic.

Carlos Ghosn, former CEO of Nissan Motor Company, speaks during an exclusive interview with Reuters in Beirut with a copy of the Reuters archive.

Ghosn, who was also President of Mitsubishi Motors, was arrested in Japan in late 2018 on charges of not reporting his income and using the company’s money for personal purposes, charges which Ghosn denied. Ghosn fled from Japan to Lebanon.

“There is a problem with the market’s confidence in the alliance,” Ghosn told Le Parisien newspaper. I personally consider the results of Nissan and Renault pathetic. The two companies are looking inside. There is no longer any real merger of management between Renault and Nissan, but is pervasive and suspicious. ”

Ghosn compared the competing shares of GM and Toyota Motor shares by 12 percent and 15 percent, respectively, and Nissan shares fell 55 percent and Renault 70 percent during the period from November 2018 to June 2020.

“All of these companies face the same crisis as Covid, but Renault and Nissan face more punishment than others,” he said.

Ghosn fled in late December from Japan as he awaited the trial to Beirut, his birthplace.

Ghosn was interrogated in Lebanon in January. He said he would fully cooperate with the Lebanese judicial process, but it was unclear what cooperation would take place between Tokyo and Beirut.

French prosecutors have also strengthened their investigation into what Ghosn is said to have spent money in Reno and was summoned to France on July 13, but he did not show up.

“There is an artistic obstacle,” Ghosn said. My passport is with the Attorney General in Lebanon, because Japan issued an international arrest warrant for me.

“I also want to make sure of a security guarantee and a guarantee of freedom of movement.”

Prepared by Ahmed Sobhi Khalifa for the Arab Bulletin





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