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Ghosn tells Renault he is resigning as CEO and chairman

Jan 24 (Nikkei) - Carlos Ghosn has told Renault he intends to resign as chairman and CEO of the French automaker, Nikkei learned Wednesday, now that his detention in Japan has ruled out a quick return to France.

Ghosn apparently chose to step down on his own as Renault and the French government, the company's top shareholder, move to install new leadership. The automaker is expected to accept his resignation at a board meeting Thursday.

Interim chief Thierry Bollore is expected to be named Renault's next CEO, while Jean-Dominique Senard, the chief executive of tiremaker Michelin, is poised to become chairman.

Renault alliance partners Nissan Motor and Mitsubishi Motors both dismissed Ghosn as chairman after his arrest in Japan in November on allegations of financial misconduct.

Calls for Ghosn's removal have grown at Renault, which stopped short of dismissing him, insisting he is innocent until proven guilty. Ghosn has denied the charges against him.

His detention has dragged on and appears likely to last even longer after he was denied bail for a second time Tuesday.

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Tokyo’s seas and rivers, once considered lawless backwaters beyond the reach of regular policing, are now under constant watch by a dedicated force known as the “water police,” specialists who patrol the capital’s waterways, chase down smugglers, stop reckless jet ski riders, and carry out dramatic rescue missions to save lives.

Kyoto’s world-famous Arashiyama district, a popular destination for both domestic and international tourists, is facing a growing problem of graffiti etched into the bamboo along its iconic “Bamboo Grove Path,” with more than 350 stalks now damaged — a practice that experts warn could eventually cause bamboo to weaken, fall, and even injure visitors.

Japan’s streaming industry is under growing pressure as foreign giants tighten their grip on the domestic market, with Netflix’s latest move to secure exclusive broadcast rights in Japan for every game of the World Baseball Classic next March highlighting the widening gap.

Investigators from the Immigration Services Agency conducted on-site inspections in Osaka on October 14th amid a surge in so-called 'paper companies' created by foreign nationals seeking residency.

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