Fugitive auto executive Carlos Ghosn used a lengthy press conference in Beirut on Jan. 8 to reiterate claims of innocence and mistreatment by prosecutors in Japan.
But the ex-chairman of Nissan added nothing new about how he intends to defend himself while in exile in Lebanon against charges of financial wrongdoing at Nissan.
Instead, he reiterated points made in a court statement a year ago that he had been wrongly accused and unfairly detained in Japan. He described himself as a hapless victim of a conspiracy between Japanese prosecutors and “malevolent actors” at Nissan who were eager to torpedo his attempt to merge the company with French alliance partner Renault.
Carlos Ghosn. Source: Bloomberg TV
The 64-year-old also blamed Nissan’s failing financial health on the caliber of those same executives, declaring that the figures speak for themselves.
Ghosn was arrested in Tokyo more than 13 months ago and eventually charged with four counts of financial wrongdoing at Nissan. Today he displayed documents that he claims prove Nissan executives—including former CEO Hiroto Saikawa—had signed off on a plan to divert retirement compensation. He first addressed all four charges against him in a court appearance exactly one year ago.
Worse and Worse
Ghosn blasted the Japanese judicial system as anachronistic and inhumane, complained bitterly about his treatment in captivity and insisted “I never should have been arrested in the first place.” He said Japanese prosecutors, who enjoy a 99% conviction rate, repeatedly advised him his situation would “only get worse” if he continued to resist.
Shifting easily between Arabic, English or French to field reporters’ questions, Ghosn said he fled Japan two weeks ago after concluding that a fair trial there was impossible and that he literally might die there.
Ghosn offered no comment or confirmation of media reports about how he eluded heavy surveillance in Tokyo two weeks ago. Cynical media reports opined that he may be holding details to bolster the prospects of a rumored movie deal about his escape.
Chinese electric-car startup Nio Inc. is forming a manufacturing joint venture with Beijing E-Town International Investment and Development Co., which is investing 10 billion yuan ($1.5 billion) in the business.
Although the RAV4 has plenty of heritage in the small crossover segment, competition has gotten a whole lot tougher, so Toyota has made significant changes to the fourth-generation model.
The little car that could still can. And this time as a car that not only gets great fuel economy, but which has ride and handling that makes it more than an econo-box (and its styling is anything but boxy).