Friday , February 26 2021

Renault Nissan: who is Carlos Ghosn, in Japan, the "titan" of the industry has stopped the Economy | Business

Brazil's Carlos Ghosn, chairman of the board of the automotive giant Nissan, has been considered as the "titanium" of this industry for nearly 20 years.

This Monday, and the executive was arrested in Japan for charges of financial "abuse", depending on your business.

Nissan, the world's sixth largest automotive manufacturer, reported that it had conducted an internal investigation several months ago and found that Ghosn had notified the authorities income is less than real.

He is accused of "significant violations", including information on your income and the personal use of the company's assets.

Nissan CEO Hiroto Saikawa told a news conference that Ghosn will be forgiven by a Japanese company after the committee met on Thursday but did not explain the alleged crimes.

The Tokyo Prosecutor's Office did not comment on Ghosn's arrest.

In addition to its position in Nissan, Ghosn is also chairman of Renault and Mitsubishi Motors, the companies with which Nissan maintains an alliance, among which is the Brazilian leader.

The executive director is considered to be "titanium" because he was responsible for the dramatic turning of Nissan in the early years of the 21st century, when the car company was on the verge of bankruptcy.

Under the name "cost of the eliminator"In the 1990s, with the opening of jobs and the closure of factories, they strengthened the reputation of a successful strategy.

His image of the "hero" was so widespread in the Japanese state that he was his career was illustrated in the manga comics, famous Japanese cartoons.

In a public opinion survey carried out in 2011, the Japanese asked who would want the country to operate. Ghosn remained in seventh place, defeating former US President Barack Obama (in the ninth).

Gosn, born in Rondonia, Brazil, with Lebanese origin and French citizenship, says that his origin in him aroused a sense of difference, which helped him adapt to new cultures.

He came to apply for a potential candidate for President Lebanon, but he refused the option because he already had "many jobs".

After studying engineering at the Polytechnic School and the Mining School in Paris, he began his career with Michelin, who had a position in France and Brazil.

Later he arrived in Renault. He joined Nissan in 1999, when Renault bought a stake with a Japanese manufacturer and in 2001 became its chief executive.

Carlos Ghosn is a leader in the automotive industry.

Major changes are attributed to Renault and Nissan before they become the center of Renault-Nissan.

This French-Japanese group, which also includes Mitsubishi, is one of the largest automakers in the world.

The question is, what will happen now.

Ghosn has already begun to resign from his responsibilities: he left the post of executive director of Nissan last year and has recently also drifted away from his daily tasks in Renault.

He is expected to remain the Executive Director of Renault and remain responsible for the Alliance in the coming years.

Monday's forecasts seem to undermine this strategy. It is unclear what Renault will do now.

But the plans for regulated succession and the possible future of the small Renault-Nissan-Mitsubishi structure could be discarded.

"I feel despair, indignation and dissatisfaction"said Nissan Chief Executive Hirota Saikawa.

"Since the details are revealed, I think people will feel the same way I do today," he added.

Saikawa said that Nissan will try to "stabilize the situation and normalize day-to-day operations" for employees and business partners.

He said that the internal investigation was carried out for several months, motivated by the informer.

"The research has shown, In his report on the Tokyo Stock Exchange, Ghosn reported amounts of compensation (financial) that were less than the actual data", according to Nissan's official statement.

According to reports published in Japanese media that were not confirmed by official sources, Ghosn reported less than 5 billion yuan (US $ 44 million) over the five-year period that began in 2011.

Saikawa said he believed the violation "lasted longer".

Japanese companies have to disclose the salaries of executives who earn more than 100 million yen (about $ 888,000) from 2010.

The car dealer added that he provided information to the Public Prosecutor's Office in Japan and would continue to do so.

Nissan also said it plans to cancel the executive branch Greg Kelly because they were "deeply involved" in acts of abuse.

Kelly, who was also arrested by the company, was described as an assistant near Ghosn. Saikawa said he was capable of "influencing" society.

The scandal came just a few months after Renault's shareholders approved a $ 8.4 million payment package for Ghosn for his work last year.

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