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Mitsubishi Motors Corporation on Friday said Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia.

Osamu Masuko to step down as Mitsubishi chief

Mitsubishi Motors Corporation on Friday said Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia.

Four injured, vehicles damaged as tipper crashes in Anambra burial

Four persons were injured at the weekend in a multiple motor accident at Umuokpu, Awka, Anambra State on the old Onitsha-Enugu expressway.

Two injured in Old Onitsha-Enugu expressway multiple crash

The Federal Road Safety Commission (FRSC) in Anambra has confirmed a multiple crash, involving four vehicles, at Umuokpu on the old Onitsha-Enugu Expressway on Friday.
(FILES) In this file photo taken on May 11, 2012 the-president and CEO of Japanese auto giant Nissan, Carlos Ghosn, gestures as he answers questions during a press conference at their headquarters in Yokohama, suburban Tokyo. – Carlos Ghosn will learn his fate on January 21, 2019 as a Tokyo court rules on his bail request after he vowed to remain in Japan if released and offered to provide more collateral. The ousted Nissan boss has pleaded for bail after languishing in custody for 64 days as he fights charges of financial misconduct that he strenuously denies. (Photo by TORU YAMANAKA / AFP)

Renault profits plunge in first annual earnings since Carlos Ghosn arrest

Renault profits fell sharply last year, the French automaker said Thursday in its first annual results since the shock arrest of former boss Carlos Ghosn.
(FILES) In this file photo taken on September 12, 2018 French Renault group CEO and chairman of Japan’s Nissan Motor CO. Ltd and Mitsubishi Motors Corp, Carlos Ghosn poses during a photo session at the Renault headquarters in Boulogne-Billancourt. – Renault boss Carlos Ghosn has handed in his resignation, France’s economy minister said on January 24, 2019 ahead of a board meeting at which the French car maker is to appoint his successor. (Photo by JOEL SAGET / AFP)

Carlos Ghosn resigns as Renault boss as French group enters new era

Arrested car boss Carlos Ghosn resigned his position as chief executive and chairman of Renault, ending his leadership roles in the auto industry and signalling the start of new era for the French manufacturer.
Carlos Ghosn, ex-chairman of Nissan will be spending Christmas and the beginning of 2019 behind bars [File- Regis Duvignau-Reuters]

Renault boss Carlos Ghosn has resigned – French minister

Embattled Renault boss Carlos Ghosn has resigned, France's economy minister has said ahead of a board meeting at which the French car maker is to appoint his successors.
Renault

Renault posts record sales of 3.9m vehicles as Carlos Ghosn remains in detention

French carmaker Renault, which is seeking a replacement for CEO Carlos Ghosn who is in custody in Japan, on Friday announced record sales of 3.9 million vehicles in 2018.
Carlos Ghosn

Nissan’s Carlos Ghosn faces ‘two new charges’ in Japan

Prosecutors in Japan have indicted former Nissan chairman Carlos Ghosn with two fresh charges, according to local media.
Carlos Ghosn, who led an alliance of Nissan, Renault and Mitsubishi, at a factory several days before his arrest in November. On Tuesday, he told a Tokyo court he was falsely accused. Etienne Laurent

Nissan’s Carlos Ghosn insists he has been wrongly accused

Ousted Nissan boss Carlos Ghosn insisted that he had been "wrongly accused and unfairly detained" as he appeared publicly in court for the first time since his arrest over financial misconduct claims.
Carlos Ghosn, ex-chairman of Nissan will be spending Christmas and the beginning of 2019 behind bars [File- Regis Duvignau-Reuters]

Japan court extends ex-Nissan chief Ghosn’s detention by 10 days

Former Nissan boss Carlos Ghosn will spend Christmas and the beginning of 2019 behind bars, after a Tokyo court extended his detention for another 10 days.
(FILES) In this file photo taken on October 20, 2016 Nissan Motors chairman and CEO Carlos Ghosn answers a question during a joint press conference in Tokyo. - Executives at Japanese car firm Mitsubishi Motors on November 26, 2018 decided to sack Carlos Ghosn as chairman as the once-revered tycoon faces allegations of financial misconduct that sparked his shock arrest. (Photo by TOSHIFUMI KITAMURA / AFP)

Ghosn family removes items from jailed auto exec’s Rio apartment

Family members of Carlos Ghosn, the auto executive jailed in Japan on financial misconduct allegations, have entered an apartment he used in Rio de Janeiro and removed items, according to Nissan.
(FILES) In this file photo taken on October 20, 2016 Nissan Motors chairman and CEO Carlos Ghosn answers a question during a joint press conference in Tokyo. - Executives at Japanese car firm Mitsubishi Motors on November 26, 2018 decided to sack Carlos Ghosn as chairman as the once-revered tycoon faces allegations of financial misconduct that sparked his shock arrest. (Photo by TOSHIFUMI KITAMURA / AFP)

Ex-Nissan chief Carlos Ghosn charged, may face new allegations

Japanese prosecutors formally charge former Nissan chairman Carlos Ghosn with financial misconduct for under-reporting his salary, three weeks after the auto tycoon’s arrest stunned the business world

2 die, 6 injured in Lagos/Ibadan Expressway accident

The Ogun Traffic Compliance and Enforcement Corps (TRACE) said two persons died while six others sustained various degrees of injury in an accident involving four vehicles near Kara Bridge on the Lagos/Ibadan Expressway on Saturday.
(FILES) In this file photo taken on October 20, 2016 Nissan Motors chairman and CEO Carlos Ghosn answers a question during a joint press conference in Tokyo. - Executives at Japanese car firm Mitsubishi Motors on November 26, 2018 decided to sack Carlos Ghosn as chairman as the once-revered tycoon faces allegations of financial misconduct that sparked his shock arrest. (Photo by TOSHIFUMI KITAMURA / AFP)

Mitsubishi Motors sacks Carlos Ghosn as chairman

Mitsubishi Motors is sometimes the forgotten partner in the three-way alliance with Nissan and Renault that dominates the global auto industry, but the Japanese firm has a colourful -- and scandal-hit -- history.
A woman walks in the showroom of the Nissan headquarters building in Yokohama on November 22, 2018. - Nissan board members looked set to oust disgraced tycoon Carlos Ghosn as chairman on November 22, after his spectacular arrest for financial misconduct sent shockwaves through the car industry and the business world.Ghosn. (Photo by Martin BUREAU / AFP)

Nissan board meets to oust disgraced tycoon Carlos Ghosn as chairman

Nissan board members appeared poised to oust disgraced tycoon Carlos Ghosn as chairman Thursday, after his spectacular arrest for financial misconduct stunned the car industry and the business world.
A man walks past a stock indicator board showing the share prices of Japanese companies on November 21, 2018. (Photo by Martin BUREAU - AFP)

Tokyo stocks close higher after US bounce

Tokyo stocks closed higher on Thursday as investors took heart from a slightly cheaper yen and a rebound in US shares, but trade was cautious ahead of holidays in Japan and the US.
Pedestrians walk past the headquarters of Mitsubishi Motors in Tokyo on November 20, 2018. - Nissan and Mitsubishi shares plunged on November 20, as the automakers prepared to oust chairman Carlos Ghosn a day after he was arrested for alleged financial misconduct. (Photo by Behrouz MEHRI / AFP)

Nissan shares plunge as Ghosn faces ouster after arrest

Nissan and Mitsubishi shares plunged Tuesday after chairman Carlos Ghosn was arrested for alleged financial misconduct, that reportedly included exorbitantly priced houses and diverted compensation.
A man walks past a stock exhange indicator in Tokyo on November 20, 2018. - Nissan shares lost six percent of its value at the opening as his CEO Carlos Ghosn was arrested as he was hiding part of his salary to the Japanese state. (Photo by Behrouz MEHRI / AFP)

Tokyo stocks close down, Nissan plunges over 5%

Tokyo stocks dropped on Tuesday with shares in Nissan diving more than five percent and Mitsubishi also plunging after chairman Carlos Ghosn was arrested over allegations of financial misconduct.

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