Nissan CEO tells employees he intends to review alliance with Renault

And here you have it, the first direct indication of what is essentially behind the ousting of Ghosn.

Being into politics shields againsr govt enquires?

*The tie-up is "not equal," Saikawa was quoted as saying at his first meeting with company employees to explain the arrest of their charismatic boss, who has played a key role in the alliance that is viewed as favoring Nissan's largest shareholder Renault.

I knew it.. it was all a set up, he magically wants to destroy the merger.. and exactly how will you be doing that to your majority shareholder little man??

They can not understand that merging 3 companies will become like GM and selling multiple different brands, bigger company, more money, more investors, more future vision, why would you want to go back to being bankrupt a third time around with your zero management skills.. you are an utter joke.

What a disgrace he is putting us in before the Olympics! back to the stone age..

Whether Ghosn hid income or not, it's now quite plain that his ouster was orchestrated because other powerful people within Nissan wanted him gone and had grown tired of the Renault alliance. Nissan needed a pretext for getting rid of Ghosn, even if it meant a public and messy parting, and now they are wasting little time stepping into the power vacuum to begin chipping away at the alliance.

Et tu, Saikawa?

I suspect Ghosn probably was trying to shield income from taxes. Whether it was legal or not is the question. That said, if if comes out some months from now that Ghosn didn't actually break any tax laws with his income, but that this all originated with leaks from high within Nissan aimed at ousting Ghosn, I wouldn't be at all surprised.

It is clear that the current management team of Nissan, including Saikawa, could not prevent or even disclose the alleged wrong doings for years. Renault should simply replace them. It is idiotic that they say that they be given a bigger role.

Mobility vs govt?

I knew it.. it was all a set up, he magically wants to destroy the merger.. and exactly how will you be doing that to your majority shareholder little man??

Renault isnt a majority shareholder. That would be over 50% stake, they are the largest single share-holder though, but they still wont get their way.

They can not understand that merging 3 companies will become like GM and selling multiple different brands, bigger company, more money, more investors, more future vision, why would you want to go back to being bankrupt a third time around with your zero management skills.. you are an utter joke.

A disgrace would be handing one of the biggest Japanese companies to the French, (Since the government owns 15% of Renault with double voting rights). Japan won't let Nissan fall to the French, even if they dont expressly say so. And you dont want to become like GM, its an aweful company that needs corporate bail outs from multiple countries to continue to survive lol

You find someone like yourself hpoefully soon JP

Yep, there's the reveal. That's why Ghosn was setup

 "....the first direct indication of what is essentially behind the ousting of Ghosn."

I'm sure that Nissan's desire to oust the foreigners and the prosecutors' allegations against the same foreigners is just a coincidence.

Japan was never set up for globalization. Its economic success was built on its ability to rebuff global influences and demands. In contrast to, say, the Philippines or India. I've been saying that for years.

The news tonight was rather interesting, now there are further accusations that he "forced" Nissan to purchase luxury dwellings in numerous countries and was the first "owner" of the new GT-R by Nissan, and that while it was "assumed" he paid for it, the company is now saying otherwise.

I'm sure that Nissan's desire to oust the foreigners and the prosecutors' allegations against the same foreigners is just a coincidence.

Pray tell how you can be so "sure"?

Without the former there would be no latter remember that. Someone from within Nissan went to the prosecutors with the allegations and they decided to investigate and timed his arrest to when he came back to Japan.

If they had announced their intentions earlier the news was reporting that the cops felt he would never have returned.

Even some of the national news outlets are call it what it was, a coup!

I understand their feelings. It must have been very frustrating having had to deal with a greedy man like Ghosn.  He seems to have made the company pay for every personal thing even his drink.

Renault, for its part, has launched an investigation into possible misconduct by Ghosn in relation to his remuneration and company assets

If he didn't do any misconduct at Renalt, it would make Nissan people very angry because it means an insult to Japanese people.

Hopefully his Lawyers are supervising his interrogation, so that we don't see any accusations of forced confessions reappearing. The NHK news item, needs to be investigated as it suggests a problem is brewing.

If he didn't do any misconduct at Renault, it would make Nissan people very angry because it means an insult to Japanese people.

The investigation is not yet completed, remember in Japan a person is innocent until proven guilty.

But from what I have seen of Japanese law, Japan appears to be insulting itself.

Renault is probably better off without a Japanese company, as is every other business.

They can not understand that merging 3 companies will become like GM and selling multiple different brands, bigger company, more money, more investors, more future vision

But it also means he may not be the CEO anymore, and he will lose voting power within the company. The status quo benefits him so he wants to maintain it.

How a surprise ! (Ironic)

If Japan state is no longer a democracy unwilling to apply international law (yes there are fiscal treaties between countries)

Other countries will leech it hard economically since it would have looked like a Pearl Harbour behaviour, : in the back and wiyhout any honor.

Obviously some will even stop buying Nissan products (I am all for Toyota for other reason lol).

May the trial be fair.

Be a Japanese man, quick and firm.

Why do you people wanna give him a pass for breaking the law?

Some of u saying he wasnt personally responsible for his salary and taxes.

The guy saw Nissan as his personal property to further his personal ambitions.

Firing people u have never met( in this case his cost cutting), is easy.

So i refuse to give him all the praises.

And why should Nissan provide more than 50% of Renaults revenue?

Its not that J govt couldnt have saved Nissan.

Lets stop playing the gaijin card.

Read some Nissan history. The guy should have lived by the same standards he demanded of others.

May the trial be fair.

I think that indictment, or no indictment, trail or no trail, the damage is done.

This is nothing but a coup from ungrateful Japanese.

The investigation is not yet completed, remember in Japan a person is innocent until proven guilty.

Where in the world did you get the idea that this is true?

Guilty until proven innocent! Keep that in mind when you are here!

Oh, if you are "innocent" until proven guilty, pray tell, why do the police get to keep you in custody for up to 3 weeks without any formal charges? Think about that.

So now we are getting the skinny of what Nissan really wanted. Looks like they took a play out of the playbook of the US mafia--get rid of JFK, and you get rid of his brother that was causing them headaches. So they get rid of Ghosn and now they can cut ties with Renault...

Why do you people wanna give him a pass for breaking the law?

Why do you want to hang him before the trial! How do you KNOW he broke the law?

And why should Nissan provide more than 50% of Renaults revenue?

Renault owns more stock in Nissan than vice versus!

Lets stop playing the gaijin card.

We damn well should be playing the gaijin card even more! Shine a light even brighter into the corporate world of Japan.

One word...Toshiba!

The investigation is not yet completed, remember in Japan a person is innocent until proven guilty.

In the Japanese "justice" system a person is innocent until they are forced to confess. Then they are guilty, and remain guilty, no matter what.

In the Japanese "justice" system a person is innocent until they are forced to confess.

No, legally they are still considered innocent. This is why they use the word ‘suspicion’ in the article, as calling them guilty would be libel, since they are still legally innocent.

No, legally they are still considered innocent. This is why they use the word ‘suspicion’ in the article, as calling them guilty would be libel, since they are still legally innocent.

Consideration and reality are two different things

Once they have forced you to confess you will be found guilty, even if you try to retract the confession.