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    William Maley

    Ghosn Claims His Arrest is Due to "plot and treason" By Nissan Executives

      "[Have I] done [something] inappropriate? I am not a lawyer, I don't know the interpretation of [such] facts."

    Carlos Ghosn has been sitting in a Japanese jail cell since mid-November on charges financial violations, including under-reporting compensation. It is unclear what awaits him in the coming months, but he believes that his downfall is due the result of "plot and treason" by Nissan executives opposed to plans of a merger between Nissan and Renault.

    Today, the Nikkei Asian Review published an exclusive interview with Ghosn from the detention center he is currently being held at. This is quite surprising as Ghosn has been "barred from meeting with his family or Nissan employees".

    During the short interview (about 20 minutes), Ghosn dismissed various accusations ranging from his 19-year reign at Nissan being a "dictatorship," to the numerous financial charges he is currently facing. One of those charges deals with $14.7 million in payments to a company run by Saudi businessman Khaled al-Juffali. Ghosn said "the executive in charge of the region signed [the approval]," and the funds came from Ghosn's "CEO reserve," a pot of money that he was free to decide how to spend.

    "[Have I] done [something] inappropriate? I am not a lawyer, I don't know the interpretation of [such] facts," Ghosn said.

    "These are known by everybody, why didn't they tell me?"

    Ghosn also talked about the plans for the deeper integration of Nissan, Renault, and Mitsubishi. The plan was to have the three closely integrated to ensure "autonomy under one holding company." Ghosn also revealed that he wanted to have Mitsubishi Motors CEO Osamu Masuko in the talks about the integration, but Nissan CEO Hiroto Saikawa wanted to keep the talks "one-on-one". Allies of Ghosn believed some Nissan executives were worried that Ghosn's power could increase under the integration, prompting them to work with Tokyo prosecutors.

    A Nissan spokesman told Bloomberg that Saikawa previously refuted the notion of a coup.

    “Nissan’s investigation uncovered substantial and convincing evidence of misconduct,” the company said in a statement.

    Source: Nikkei Asian Review, Bloomberg



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    "I didn't know it was wrong! Why didn't someone stop me?!"

    uh... I don't think that's going to be the best defense in court. 

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    12 minutes ago, Drew Dowdell said:

    "I didn't know it was wrong! Why didn't someone stop me?!"

    uh... I don't think that's going to be the best defense in court. 

    That seems to be the rage in terms of defense...both in terms of white collar corporate crime and our elected leaders.

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    Quote

    "CEO reserve," a pot of money that he was free to decide how to spend.

     

    Yeah...but...THAT is the key to his defense...

    This reminds me of Howard Hughes. OK...I may not know Hughes' full story, but I got the gist of it through the movie and this is the scene Im talking about...

    And the real senate hearings are very close to how it happened in the movie. Ive listened to the real hearings on Youtube as well..

     

    You know...if it werent illegal for him to have a CEO reserve and for him to use it as he saw fit...well...

    Like he said...

    Quote

     

    "[Have I] done [something] inappropriate? I am not a lawyer, I don't know the interpretation of [such] facts," Ghosn said.

    "These are known by everybody, why didn't they tell me?"

     

     

    Howard Hughes was a tad smarter than him though...Howard told it how it was and maybe how possibly still is...

    EVERYBODY DOES IT...AND UNLESS THERE IS A LAW AGAINST IT, IT AINT ILLEGAL...IF IT IT'S MORALLY NOT CORRECT DO IT, THEN THE POWERS THAT BE TO CHANGE THE LAWS TO BE ILLEGAL...AND THEN I AND EVERYBODY ELSE WILL CHANGE HOW THEY DO BUSINESS...

    Now...this is not the same as Goshn's situation. But like he said, let the lawyers figure it out what is legal and illegal to what he has done...

    Edited by oldshurst442
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      "The 2020 Frontier lays the groundwork for the exciting, next-generation Frontier – an all-new pickup truck slated to arrive soon," said Tiago Castro, director, Commercial Vehicle Business Unit, Nissan North America, Inc. "While looking ahead, we're also celebrating our strong heritage – including the innovations, versatility and reliability of past models, such as the 2007 Frontier that Chicago resident Brian Murphy has driven for more than one million miles."
      2020 Nissan Frontier
      The 2020 Frontier, with its standard 3.8-liter V6 and 9-speed automatic transmission, focuses on the needs and demands of truck owners in the U.S. Nissan's all-new engine is using 93 percent new or redesigned parts, and the powerplant underwent extensive testing in North America. The engine will be assembled at Nissan's advanced engine facility in Decherd, Tenn., next to the full-size TITAN pickup's 5.6-liter Endurance® V8.
      Along with the 49-horsepower improvement over the previous Frontier V6, fuel economy is expected to increase2. Also contributing to the 2020 Frontier's improved acceleration and fuel economy is the all-new 9-speed automatic transmission designed to maximize powertrain efficiency and provide an enhanced acceleration feel.
      "From its roots tracing back more than 60 years, to the current model, Frontier has had a lasting impact on the compact and mid-size truck segments in North America. As Nissan transitions to the next chapter, we celebrate both a proud past and a bright future with the heart of the next Frontier," added Castro.
      The "Million-Mile" 2007 Frontier
      Chicagoland delivery man Brian Murphy bought his two-wheel-drive, 4-cylinder 5-speed manual Frontier King Cab pickup in June 2007 with one goal: to put 1 million miles on it3. The red Frontier passed the million-mile mark on January 27, 2020.
      According to Murphy, the original clutch lasted 801,000 miles, the timing chain was replaced as a preventative measure at 700,000 miles, and the radiator and alternator lasted about 450,000 miles each. Even the driver's seat lasted a half-million miles but has also been replaced. 
      To celebrate Murphy's incredible accomplishment and loyalty, Nissan announced it would give Murphy a new Frontier once the 2020 model begins production later this year. 
      "I never imagined I'd be given a new truck, especially since my Frontier is still running strong. It will be a real treat to have an efficient V6 engine, but I guess I'll have to find another way to exercise now that I'll have an automatic transmission and power windows," said Murphy. 
      For regular maintenance, the truck has been serviced at M'Lady Nissan in Crystal Lake, Illinois, the same dealership where Murphy purchased the vehicle new in June 2007. Murphy insists on doing his own oil changes every 10,000 miles.

      View full article
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