Renault and Nissan have been a model of diplomacy since Carlos Ghosn's resignation from the French automaker last month, clearing the way for a return to business as usual. But their desire to move ahead may be easier said than done.
Nissan faces an inquiry from the U.S. Securities and Exchange Commission following the automaker’s indictment in Japan for allegedly making false disclosures in its annual securities reports about compensation owed to former Chairman Carlos Ghosn.
A gaunt and graying Carlos Ghosn, appearing for the first time in public after nearly two months in a Japanese jail, told a Tokyo court that he was “wrongly accused and unfairly detained.” Ghosn mounted a point-by-point defense against the accusations facing him.
Two top Nissan executives are on leaves of absence as the automaker cranks up investigations into all corners of its global business, scouring for possible malfeasance related to the tenure of ousted Chairman Carlos Ghosn.