Nissan fires Ghosn as chairman

Nov 23, 2018 | News On Japan

Nov 23, 2018 (NHK) - Nissan Motor's board of directors has voted unanimously to oust Carlos Ghosn as chairman. The executive was arrested earlier this week on suspicion of underreporting his income by tens of millions of dollars on corporate financial statements.

Board members made the decision during a meeting at Nissan's headquarters near Tokyo. Sources say 7 directors were present, including 2 from Nissan's alliance partner, Renault.

The 2 voted to dismiss Ghosn even though Renault's board in France has decided to keep him as its chairman.

Nissan's board has formed a committee to come up with nominees for a new chairperson. It's also looking at getting independent advice about its management and compensation structures.

Ghosn's close aide Greg Kelly also lost his position as representative director. He was arrested together with his boss.

Prosecutors suspect the men conspired to report only about half of the 90 million dollars Ghosn earned over a 5-year period.

Japan Introduces Stricter Penalties for Drunk Driving

Japan began applying a new numerical alcohol threshold for dangerous driving offenses on July 21, introducing a clearer standard for cases involving impaired driving that could lead to fatal accidents.

Japan Sets Investment Strategy

Prime Minister Sanae Takaichi's government approved its first annual basic economic and fiscal policy on Tuesday, pledging "responsible and proactive fiscal policy" and envisioning about 370 trillion yen in public- and private-sector investment in strategic industries through fiscal 2040.

Japan Scrambles for Oil

A covert network of shuttle tankers is carrying crude through the increasingly dangerous Strait of Hormuz as renewed fighting between the United States and Iran disrupts shipping and raises concerns over how Japan will secure the oil it needs.

Russia Calls Japan-Ukraine Drone Cooperation a Clear Hostile Act

Russian Deputy Foreign Minister Andrey Rudenko has criticized moves by Japanese and Ukrainian companies to cooperate on drone technology, warning that such ties would be regarded by Moscow as a "clear hostile act."

Rainy Season Ends in Kanto-Koshin

The rainy season ended in the Kanto-Koshin and Tokai regions on July 20 as strengthening high pressure brought intense heat across Japan, with temperatures forecast to reach 38 C in Kumagaya, Saitama Prefecture, and Kofu.

MEDIA CHANNELS

MORE Society NEWS

Police Fire Warning Shot at Knife-Wielding Woman

A police officer fired a warning shot into the air after a 42-year-old woman approached officers while pointing a kitchen knife at them on a street in Eniwa, Hokkaido, on July 17.

Armed Driver Crashes Car Into Convenience Store

A 45-year-old man was arrested early July 20 after allegedly crashing a passenger car into a convenience store in Sagamihara, Kanagawa Prefecture, and walking around the parking lot carrying a kitchen knife and a golf club.

Drunk Driver Rams Roaring Motorcycle

A 42-year-old man was arrested after allegedly driving under the influence and intentionally ramming a motorcycle in Togitsu, Nagasaki Prefecture, leaving its rider seriously injured.

Giant Tug-of-War Rope Snaps, Injuring Over a Dozen

More than a dozen people were injured after a massive rope suddenly snapped during a tug-of-war at a festival in Kitami, Hokkaido, sending participants falling backward onto an asphalt road.

Housing Complex With 70% Foreigners Introduces Fine System

A public housing complex in Aichi Prefecture where about 70% of households are occupied by foreign residents is showing signs of improvement after introducing multilingual communication, foreign-led neighborhood activities and a 3,000-yen fine for residents who skip community cleaning duties.

Old Sake Brewery Goes Up In Smoke

A fire that broke out at the long-established Echigo Tsurukame sake brewery in a densely populated residential district of Niigata City on July 19 destroyed the brewery and spread to at least six nearby homes, with firefighters still unable to declare the blaze fully extinguished by noon on July 20.

Husband and Wife Killed in Ashikaga Landslide

Two people found dead in a collapsed home following a landslide in Ashikaga, Tochigi Prefecture, have been identified as a married couple in their 60s who lived at the property, city officials said.

Bacteria on Nurse's Uniform Match Those Found in Slain Patient's Blood

Bacteria found in excrement on the uniform of a former nurse arrested on suspicion of killing a hospital patient by contaminating his intravenous drip matched bacteria detected in the victim's blood, investigators have found.

< 2 3 4 5 >