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Ghosn's lawyers say he's 'happy' after days of French questioning

BEIRUT — Ex-Nissan boss Carlos Ghosn has answered hundreds of questions by French investigators over the past week in Beirut and was “happy and satisfied” to have had the opportunity to explain himself over accusations of financial misconduct, his lawyers said Friday. The 4 1/2 days of questioning marked the first opportunity for Ghosn, a French national, to defend himself against the French allegations — including spending on lavish parties and private planes — since his 2018 bombshell arrest in Japan and escape to Lebanon a year later. However, as Ghosn was being interrogated outside of French soil, it was unclear how he could, if at all, be handed down preliminary charges. His lawyers said they will now seek the right to ask for witnesses and expert testimony in the French investigation. Earlier, the auto magnate-turned-fugitive told The Associated Press that he has done nothing wrong and hopes the investigations are eventually dropped. He didn't speak to reporters throughout the Beirut interrogation, which began on Monday. It is an unusual move for French magistrates to question a suspect abroad. Ghosn, who was given sanctuary by Lebanese authorities, grew up in Lebanon and also has Lebanese citizenship. Lebanon will not extradite him. He is Brazilian-born. Ghosn was questioned about the financing of parties he threw at the Versailles Palace as the head of the Renault-Nissan car alliance. The French investigators, in cooperation with Lebanese judicial authorities, were also examining 11 million euros in spending on private planes and events arranged by a Dutch holding company, and subsidies to a car dealership in Oman. “It was his opportunity to explain his positions,” said Jean Yves Le Borgne, a member of GhosnÂ’ defense team. “It has now happened and he is satisfied and happy.” “Still unresolved, of course, is the problem of the next step in this procedure,” Le Borgne added. Ghosn has not so far been charged with anything in France, but could be, given preliminary accusations of fraud, corruption, money laundering, misuse of company assets, or aggravated breach of trust. Whether Ghosn could be charged or not by the French, Carlos Abou Jaoude, his Beirut-based lawyer, said Lebanese and French authorities have to determine what GhosnÂ’s “status” will be. Ghosn is campaigning to clear his name against multiple legal challenges in France after Japanese accusations triggered scrutiny of his activities there.

Nissan GT-R Nismo crash at Nurburgring kills one spectator

One spectator at the VLN endurance race at the Nurburgring in Germany this weekend has been pronounced dead after the No. 23 Nissan GT-R went airborne at the Flugplatz section of the track. Video of the accident, which can be seen above, shows that the car lifted vertically before crashing through the safety fence and into a row of spectators. As always in cases where loss of life is involved, viewer discretion is advised. The driver, Jann Mardenborough, was checked by medical officials at the track, then taken to a nearby hospital. His injuries are reportedly not serious. Mardenborough is currently scheduled as one of the drivers who will contest the 24 Hours of Le Mans in the GT-R LM Nismo. In a statement, Nismo says it is fully cooperating with race organizers. At this time, the cause of the crash is not known. Our thoughts go to the family and friends of all touched by this tragedy. Today's events have been a tragedy. We are all deeply shocked and saddened by these events and our immediate thoughts go to the deceased, those injured and their families and friends. The team is fully co-operating with the race organisers to conduct an immediate and thorough investigation into this incident.

FCA compromises with France, moving Renault merger bid forward

FRANKFURT/PARIS – Renault directors were preparing to review Fiat Chrysler's $35 billion merger offer on Tuesday, after the Italian-American carmaker resolved differences with the French government overnight, three sources said. The compromise on French government influence over a combined FCA-Renault may clear the way for Renault's board to approve a framework agreement beginning the long process of a full merger, unless new issues surface at the meeting. France, Renault's biggest shareholder with a 15% stake, had been pressing for its own guaranteed seat on the new board and an effective veto on CEO appointments. But after late-night talks with FCA Chairman John Elkann, the French government has accepted a compromise that would see it occupy one of four board seats allocated to Renault, balanced by four FCA appointees, the sources said. Renault would also cede one of its two seats on a four-member CEO nominations committee to the French state, they said. Renault, FCA and the French government all declined to comment on the discussions. The same evening that the compromise was was negotiated, activist hedge fund CIAM wrote to the board of Renault to say it "strongly opposed" a planned $35 billion merger with Fiat Chrysler. Calling the deal "opportunistic," the fund said the current deal terms strongly favored Fiat Chrysler and offered no control premium. (Reporting by Arno Schuetze and Laurence Frost; additional reporting by Giulio Piovaccari in Milan and Simon Jessop; editing by Jason Neely and Rachel Armstrong) Government/Legal Chrysler Fiat Mitsubishi Nissan Renault merger