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French investigators will question Carlos Ghosn in Lebanon

BEIRUT — A team of French investigators will come to Beirut next month to participate in interrogating former Renault-Nissan boss Carlos Ghosn, a Lebanese justice ministry official said Saturday. The official gave no specific date or details of what information the investigators would seek from Ghosn. Former auto executive Ghosn, who is a Lebanese, Brazilian and French national, fled Japan in a dramatic escape that drew headlines last year, arriving in Lebanon on Dec. 30, 2019. In addition to his trial in Japan, the 66-year-old businessman is facing a number of legal challenges in France, including tax evasion and alleged money laundering, fraud and misuse of company assets while at the helm of the Renault-Nissan alliance. The Lebanese official, speaking on condition of anonymity in line with regulations, said the French investigators would be working alongside their Lebanese counterparts. Information about investigations is secret under French law, and French judicial officials did not respond to requests for comment Saturday on the report. After leading the Japanese automaker Nissan for two decades, Ghosn was arrested in Japan in November 2018 on charges of breach of trust, misusing company assets for personal gains and violating securities laws by not fully disclosing his compensation. He denied wrongdoing and fled Japan while out on bail awaiting trial. He is unlikely to be extradited from Lebanon, where he has been since last year. At least two Ghosn-related investigations were opened in France. One focused on suspicious transactions between Renault and a distributor in Oman, as well as suspected payments for private trips and events paid by Renault-NissanÂ’s Netherlands-based holding company RNBV. Another investigation focused on suspected misuse of company funds for a party for Ghosn at Versailles. The French inquiry aims to determine who is at fault for a string of alleged financial violations between 2009 and 2020. That includes “suspicious financial flows” between Renault and the SBA car dealership in Oman. This aspect of the inquiry is targeting several million euros of travel and other costs paid by the Netherlands-based Renault-Nissan holding RNBV but suspected to have been for GhosnÂ’s personal use. GhosnÂ’s French lawyers have said the payments to SBA were “justified bonuses” for having boosted car sales in the Persian Gulf and denied allegations that the funds benefited Ghosn or his family personally.

Nissan transforms NV200 into part-e-Van [w/video]

Following its earlier BBQ van conversion, Nissan is demonstrating once again the flexibility of its NV200 van by rolling out this mobile party on wheels. Based on the battery-powered e-NV200, the "part e-Van" packs an array of upgrades to give it everything you'd need to turn any parking lot into a club. It's got a DJ booth on the roof, a 1,400-watt sound system, wireless headphones for silent-disco capability, a solar-powered disco ball that feeds juice back into the system, an alcohol-free bar dispenser, an LED dance floor, and a 20-foot-tall light-up canopy. There's even a drone that can deploy to capture the party scene, and a monitor hooked up online to share it all via social media. The party wagon is set to debut outside the Olympiastadion in Berlin for the UEFA Champions League final (that's a soccer game for those of us unfamiliar), and will then hit the road on tour – with its next stop scheduled for the 24 Hours of Le Mans. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Party On! Nissan turns 100% Electric e-NV200 into the ultimate part e-VAN - Vehicle unveiled ahead of the UEFA Champions League Final - Zero Emission vehicle will be displayed outside The Olympiastadion ahead of kick-off - One-off vehicle's key features include a disco ball solar array which feeds power to some of the van's elements - Watch the PART e-VAN in full swing here: https://youtu.be/gdTew0hZ_Rs Nissan has transformed its all-electric e-NV200 into the ultimate party on wheels. The vehicle - called the PART e-VAN and powered by the 100% electric e-NV200 - will charge into Berlin for its inaugural reveal tomorrow night ahead of Saturday's UEFA Champions League Final, before exciting fans outside The Olympiastadion prior to kick-off. Some of the unique van's standout attributes include a dazzling disco ball solar panel array on the roof which absorbs daylight to power some of this one-off vehicle's features, an augmented reality system where users will be able to jump into their own party scene before sharing it with friends on social media and a custom-made sound system capable of throwing the best silent disco party.

Ghosn calls Renault and Nissan financial results 'pathetic'

PARIS — Former Nissan Chairman Carlos Ghosn took a swipe at his old employers in a newspaper interview on Sunday, calling the Renault and Nissan results "pathetic," driven as much by a lack of joint leadership than the COVID-19 pandemic. Ghosn, who was also the chairman of Mitsubishi Motors, was arrested in Japan in late 2018 on charges of underreporting his salary and using company funds for personal purpose — charges he denies. He fled to Lebanon from Japan. "There is a market confidence problem in the alliance. Personally, I find the results of Nissan and Renault pathetic. The two companies are looking inwards. There is no longer any real mix of management between Renault and Nissan, but a distrustful distance," he told Le Parisien newspaper. Ghosn compared the share price fall from November 2018 to June 2020 of competitors General Motors and Toyota of 12% and 15% respectively to Nissan dropping 55% and Renault 70%. "All of these manufacturers are facing the same COVID crisis, but Renault and Nissan are being punished more than the others,' he said. Ghosn fled Japan to Lebanon, his childhood home, in December as he awaited trial on charges of underreporting earnings, breach of trust and misappropriation of company funds, all of which he denies. Ghosn was questioned in Lebanon in January. He has said he will cooperate fully with the Lebanese judicial process, but it is unclear what cooperation there will be between Tokyo and Beirut. French prosecutors have also stepped up their investigation into alleged misappropriation by Ghosn of funds at Renault and had summoned him in France on July 13, but he did not attend. "There is a technical obstacle. My passport is in the hands of the attorney general in Lebanon, because Japan has issued an international arrest warrant for me," Ghosn said. "I also want to be sure that my security is assured and that I am guaranteed freedom of movement." Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. CES 2020 and Carlos Ghosn | Autoblog Podcast #609