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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.
Japanese authorities have hit former Nissan boss Carlos Ghosn with a fresh charge of aggravated breach of trust, the fourth formal indictment against the car sector tycoon.

Former Nissan chief Carlos Ghosn hit with fresh corruption charge

Japanese authorities have hit former Nissan boss Carlos Ghosn with a fresh charge of aggravated breach of trust, the fourth formal indictment against the car sector tycoon.
This screen grab from handout video released on April 9, 2019 by representatives of former Nissan chief Carlos Ghosn shows Ghosn preparing to speak at the beginning of a video message recorded on April 3 before his rearrest earlier this month in Tokyo. – Japanese prosecutors rearrested Ghosn on April 4, who was out on bail, over an additional allegation that he transferred Nissan money to a dealership in Oman but siphoned off millions for personal expenses — including the purchase of a luxury yacht. (Photo by Handout / Representatives for Carlos Ghosn / AFP) /.

Carlos Ghosn accuses Nissan executives of ‘backstabbing’ plot

Carlos Ghosn has accused “backstabbing” Nissan executives of a “conspiracy” to have him arrested over fears he planned to merge the Japanese firm with France’s Renault, in a video released Tuesday.
(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)

Japan court extends Carlos Ghosn detention until April 14

Former Nissan boss Carlos Ghosn will remain in custody until at least April 14, a Japanese court ruled on Friday, as prosecutors quiz him over fresh allegations of financial misconduct.

Suzuki takes vehicle plant to Ghana

The Japanese Multinational automobile manufacturing company, Suzuki Motor Corporation, has resolved to set up a production unit in Ghana.

Corps member arrested with diplomatic vehicle crossing into Benin Republic

A 35 years old man, Abdul Umar, who claimed to be a National Youth Service Corps (NYSC) member has been arrested by operatives of the Nigerian Customs Service, Seme Command while driving a Renault car with diplomatic plate number.
Hamilton clinches record eighth pole in Melbourne Australia

Lewis Hamilton on pole for the 8th time in Melbourne

Mercedes’ world champion Lewis Hamilton snatched a record-extending eighth pole position at the season-opening Australian Grand Prix on Saturday.
(L to R) Renault CEO Thierry Bollore, Renault chairman Jean-Dominique Senard, Nissan Motors president and CEO Hiroto Saikawa and Mitsubishi Motors chairman and CEO Osamu Masuko join hands at the end of a joint press conference at the Nissan headquarters in Yokohama, Kanagawa prefecture on March 12, 2019. (Photo by Behrouz MEHRI / AFP)

Renault, Nissan, Mitsubishi unveil new joint board post-Carlos Ghosn

Carmakers Renault, Nissan and Mitsubishi Motors unveiled the creation of a joint board Tuesday, seeking a “new start” for their alliance after the arrest of former boss Carlos Ghosn.
Former Nissan chairman Carlos Ghosn (C) is surrounded by the media as he goes out in Tokyo on March 9, 2019. – A decision to grant bail to Carlos Ghosn could risk “destruction of evidence” in the financial misconduct case against the former Nissan chief, a senior Tokyo prosecutor. (Photo by JIJI PRESS / JIJI PRESS / AFP) / Japan OUT

Court ‘bars Carlos Ghosn from attending’ Nissan board meeting

A Japanese court on Monday barred Carlos Ghosn from attending a Nissan board meeting, according to local media, as the bailed former chairman prepares his defence against charges of financial misconduct.
Ousted Nissan chief Carlos Ghosn, wearing a blue cap, is escorted out of the Tokyo Detention House following his release on bail in Tokyo on Wednesday. - AFP-JIJI

Carlos Ghosn leaves jail in workman’s disguise

The cameras had been massed outside a Tokyo detention centre for hours waiting for the shot, but when ex-Nissan chief Carlos Ghosn finally emerged, he was in disguise and almost unrecognisable.
Ousted Nissan chief Carlos Ghosn, wearing a blue cap, is escorted out of the Tokyo Detention House following his release on bail in Tokyo on Wednesday. - AFP-JIJI

Nissan ex-chief Carlos Ghosn out of Tokyo jail

Former Nissan chief Carlos Ghosn left his Tokyo detention centre on Wednesday after more than 100 days in custody, following a surprise court decision granting him bail of one billion yen ($9 million).
Carlos Ghosn

Ex-Nissan chief Carlos Ghosn wins bail in Japan

Former auto industry titan Carlos Ghosn moved a step closer to freedom Tuesday as a Tokyo court unexpectedly granted him bail after more than three months in a detention cell.
(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)

Former NISSAN chief Carlos Ghosn granted surprise bail in Tokyo

Former auto industry titan Carlos Ghosn moved a step closer to freedom Tuesday as a Tokyo court unexpectedly granted him bail after more than three months in detention.
(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)

Former Nissan boss Carlos Ghosn’s lawyers resign

The two lawyers defending former Nissan Motor chairman Carlos Ghosn stepped down on Wednesday, one of them said.
A pedestrian walks past a stock indicator showing share prices of the Tokyo Stock Exchange in Tokyo on August 14, 2018.Tokyo’s benchmark Nikkei index surged more than 2.2 percent August 14, swiftly recovering from the previous day’s losses, with investors encouraged by an apparent hiatus in the Turkey lira crisis. / AFP PHOTO / Kazuhiro NOGI

Tokyo shares close up more than 1% on dovish Fed

Tokyo shares gained more than one percent Thursday following overnight rallies on Wall Street, as the US Federal Reserve voiced a cautious stance about future rate hikes.
(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)

Report: Carlos Ghosn says arrest was result of ‘plot and treason’

Detained auto tycoon Carlos Ghosn believes his arrest and the charges against him are the result of a “plot and treason” at his former employer Nissan, he told the Nikkei newspaper Wednesday.
(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.

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