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Ghosn's first jail interview: I was the victim of 'plot and treason'

TOKYO — Carlos Ghosn said Nissan executives opposed to his plans for closer ties with automaking partner Renault SA resorted to "plot and treason" to disrupt them and were behind the financial misconduct allegations against him. Speaking to the Nikkei newspaper in his first media interview since his arrest on Nov. 19, Ghosn said he had discussed plans to integrate the companies with Nissan CEO Hiroto Saikawa in September. But Nissan executives employed "plot and treason" to uproot those plans, Ghosn said. Ghosn, who spearheaded Nissan's turnaround two decades ago, had pushed for a deeper tie-up between Nissan and Renault, including possibly a full merger, despite strong reservations at the Japanese corporation. He remains in detention following his arrest and indictment on charges related to breach of trust and understating his salary. His arrest has clouded the outlook for closer ties between Nissan and Renault, along with Mitsubishi Motors Corp, the third member of the automaking alliance Since his arrest, Saikawa has said it was not the time to discuss revising the partners' complex capital ties. Nissan and Mitsubishi Motors have dismissed Ghosn as chairman, while he has resigned from the helm at Renault. Ghosn denied accusations of improper payments to a company run by a Saudi businessman, saying the payment had been approved by a Nissan executive. Ghosn also called accusations by both Nissan and Mitsubishi that he received nearly 8 million euros in improper payment through a Dutch-based joint venture of the two automakers "a distortion of reality," and argued his luxury residences in Rio de Janeiro and Beirut were approved by Nissan's legal department. Nissan has said it was not aware that it had paid for many of Ghosn's properties. On Wednesday, a spokesman said that the company was unable to comment on Ghosn's legal defense. Ghosn, in the 20-minute interview, denied that his tenure at Nissan had been a "dictatorship." "People translated strong leadership to dictator, to distort reality" for the "purpose of getting rid of me," he said. Ghosn added that his health was fine, and that he wouldn't flee if freed on bail. Meanwhile, NHK reported that Saikawa plans to hold his first face-to-face discussion with new Renault Chairman Jean-Dominique Senard on the sidelines of an alliance meeting in the Netherlands on Thursday.Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Nissan details 326k-vehicle Takata recall for US and Canada

Nissan is recalling 326,000 vehicles in the US and Canada as an expansion of its Takata inflator campaign. Of those, 263,692 are in the US. Nissan's broadened campaign in the US covers 250,967 examples of the 2004-2006 Sentra and 12,725 units of the 2004 Pathfinder to replace their passenger side airbag inflators. The 2005-2006 X-Trail is also included in Canada. Customers should receive official notification of this recall by mail in June. Nissan and Toyota announced a 6.5-million vehicle global expansion of their Takata recalls recently. At that time, Nissan was still working with the National Highway Traffic Safety Administration on the details of what models were affected. This latest release outlines those figures. Related Video: Nissan Statement "Nissan Group today notified The National Highway Traffic Safety Administration (NHTSA) and Transport Canada that it will be recalling 2004 to 2006 Sentra, 2004 Pathfinder and 2005 and 2006 X-Trail vehicles throughout the United States and Canada to replace Takata SPI Passenger Air Bag inflators. This recall expansion is intended to address vehicles equipped with SPI inflators that are not already subject to previously announced recalls. More specifically, this includes vehicles located outside the high absolute humidity areas manufactured between early 2004 and end of production. Customer notification will begin in June." Vehicles Affected Approximately 326,000 in U.S. and Canada Market Model Model Year(s) Population Total USA Sentra 2004-2006 250,967 USA Pathfinder 2004 12,725

Nissan To Buy Mitsubishi For $2.2B | Autoblog Minute

Nissan confirmed this week that it would take a controlling interest in troubled Japanese automaker Mitsubishi. Nissan will buy 34% of Mitsubishi for $2.2B. Mitsubishi Nissan Autoblog Minute Videos Original Video