Carlos Ghosn rearrested for using Nissan funds to pay for trading losses

-
Carlos Ghosn, the former CEO and chairman of Nissan, has been rearrested on fresh charges, with Japanese prosecutors accusing him of hiding personal trading losses with funds from the automaker. Prosecutors have informed Japanese news outlets Ghosn has been rearrested on aggravated breach of trust charges. They allege Ghosn transferred ¥1.85 billion ($23 million) in losses he suffered during the 2008 global financial crisis to his employer.

Comments

Post a Comment

Popular posts from this blog

JLR: Consumer confidence on the rise post-election

-
Jaguar Land Rover Australia believes consumer confidence has returned to the luxury car market following the recent Federal election, where the sitting LNP government was returned to power. Speaking to local media at this week’s launch of the new Range Rover Evoque, JLR Australia managing director Mark Cameron said the conservative coalition victory has already been felt in the company’s showrooms.
Read more

Teacher accused of using rented Toyota Supra for land-speed record attempt

-
Image
A high-school teacher in the US could be more than $6000 out of pocket if he is found to have violated the terms of use of a rented Toyota Supra driven to a top speed record. A US high school teacher is facing legal action – and $US4000 ($AU6000) in costs – after being accused of renting a turbocharged Toyota Supra performance coupe from a car-sharing service and used the vehicle in a racing competition without the owner’s knowledge. The high-school teacher from Indiana – and his team of female mechanic students – were on their way to compete in the 2023 U.S. Mile land-speed trials in Texas last month. The girls and their teacher had built a high-performance Chevrolet S10 pick-up for the ‘Texas Mile’ – a competition which sees vehicles try to achieve the highest possible speed from a standing start within one-mile (1.6km) on a runway. However, the 1997 Chevrolet S-10 ute suffered a mechanical failure on the way to the event. Due to the hard work put in to make the 1800km j
Read more

2021 McLaren Artura to debut February 17

-
The 2021 McLaren Artura will be unveiled on 17 February 2021, an invite sent to some of the brand's Chinese customers has confirmed. An RSVP invite distributed to customers by McLaren's Guangzhou showroom – and subsequently reposted on Spanish forum Cochespias – confirms the next-generation hybrid supercar will make its full debut on February 17, local time.
Read more

Melbourne council asks the public to name new roads. What could go wrong?

-
Image
Have you ever dreamed of living in Streety McStreetface Street, Warnieville? Here’s your chance. Melbourne City Council has announced plans to allow the public to suggest names for new roads and locations in the city. Names proposed for roads must meet the 1998 Geographic Place Names Act to ensure they are not duplicated or offensive, and support the local community interests – and they can can be submitted by community members, landholders and developers. The draft policy will defer naming proposals back to the community, with a preference for “Aboriginal language names and the names of women who have contributed to Melbourne’s historical development.” According to the Council, this is intended to “correct the imbalance” of naming representation in Melbourne – which in the past 20 years has seen 50 new roads named after men, 23 named after women, and six the use local Aboriginal language. The scheme will cover new roads, laneways, localities, and public places. This
Read more

Chevrolet Silverado 2500 reaches the end of the line in Australia, only 100 remain

-
The current generation Chevrolet Silverado 2500 pick-up from the US – powered by a 6.6-litre V8 turbo diesel with an epic output of 332kW/1234Nm and a 5890kg towing capacity – has almost sold out in Australia. Only approximately 100 examples remain in dealer stock nationally after about 1200 were remanufactured in right-hand-drive to factory standards by Holden Special Vehicles in its Melbourne facility from June 2018.
Read more

2023 Mercedes-Benz EQE300 review

-
Image
The entry point to Mercedes’s electric sedan family is a compelling interpretation of what a zero-emissions E-Class should offer. Skip ahead: Introduction Running costs Price and specification Energy use Interior space and comfort On-road assessment Connectivity and infotainment Summary Safety 2023 Mercedes-Benz EQE300 Mercedes-Benz is one of the most prolific in its introduction of electrified models, offering an ever expanding range of zero-emissions vehicles that also feature many of the brand’s typical luxury touches. Taking the EQ electric family to six is the EQE . Unlike a majority of the Mercedes EQ SUV family, the latest model introduces a second sedan to the range, providing an E-Class-sized sibling to the larger EQS. It arguably slots into a niche market with the popularity of sedan cars of all types yielding to the tide of SUVs, but there’s still a loyal audience (particularly in the premium arena) that a three-variant EQE line
Read more

2021 Volkswagen Talagon unveiled in China as brand’s biggest SUV yet

-
The 2021 Volkswagen Talagon – which is believed to be the brand's largest ever SUV – was unveiled earlier this week at the 2021 Shanghai motor show. Underpinned by the VW Group's versatile 'MQB' platform, the imposing seven-seater reportedly measures 5152mm from nose to tail. It is 2002mm wide and stands 1795mm tall, giving it similar overall proportions to the Mercedes-Benz GLS, BMW X7, Land Rover Discovery, or Lexus LX570.
Read more

Volkswagen Golf global launch delayed until late February 2020

-
Jürgen Stackmann, head of the Volkswgen brand, has confirmed to Automotive News Europe the new Golf will have its global launch on the week beginning February 24, 2019. Stackmann also confirmed earlier reports the Mark VIII Golf was delayed due to bugs in its software, with the brand chief nominating the new over-the-air system update system as the primary cause.
Read more