Cape Times

Ghosn scandal continues to haunt Nissan

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TOKYO: Two-and-a-half years after Carlos Ghosn’s arrest, Nissan Motor Co. is still struggling to emerge from the scandalize­d affair involving the former chairman and CEO.

Shareholde­rs at the Japanese automaker’s annual meeting yesterday repeatedly questioned executives about the events surroundin­g Ghosn’s 2018 arrest, suggesting that Nissan was perhaps better off during the former auto executive’s era of management.

“Under Ghosn’s leadership there were a lot of good things. There were a lot of beautiful flowers within Nissan,” one said during questionin­g at the company’s headquarte­rs in Yokohama, pointing to a period four years ago when the three-way alliance of Nissan, Renault SA and Mitsubishi Motors Corp. topped global sales volumes.

Nissan has posted two straight

 ??  ?? years of losses since Ghosn was arrested on charges of financial misconduct, albeit as the global automotive industry has faced numerous disruption­s. | The
years of losses since Ghosn was arrested on charges of financial misconduct, albeit as the global automotive industry has faced numerous disruption­s. | The

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