This public scandal must be worst in the history of Nissan

The 2020s have so far proven to be a terrible decade for Nissan. Since the income was quickly declining, from May 2025 around 20,000 layoffs of the GT-R-HALO car and around 20,000 layoffs, the Japanese car manufacturer has not seen a break for some time-but at least it is a better situation than the Carlos Ghosn scandal, a continuing story of financial mismp “

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The scandal revolves around a combination of various accusations for financial fraud that were raised against a Carlos Ghosn (pronounced “Gohn”), the former head of Nissan, Renault and Mitsubishi. The allegations claim that the shameful CEO supposedly subjected extensive sums of his own salary and organized a complex financial program between his personal report Nissan and the Middle East. He was arrested several times on November 19, 2018 and was reportedly suspended surveys for over a hundred days without being admitted to a lawyer. Ghosn then recorded a deposit of 1 billion $ 8.9 million (~ 8.9 million USD) and was placed under house arrest, where it was constantly monitored through camera feeds outside of his house.

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With the help of two men who pretend to be a musician, Ghosn finally fled the country in his ethnically introduced Lebanon at the end of December 2019 and bumped into a large box that was used for musical equipment. The Lebanon is missing a delivery contract with Japan, so that it remains an international refugee. His escape has now worn various labels such as “Mission: Impossible”, “Kühn” and more. News that were around the remarkable case followed with various internet memes that cycled around his escape and called the “Carlos Ghosn Challenge”. Here is more about the man, the allegations and his downfall.

Carlos Ghosn is attributed to save Nissan in front of the edge of financial bankruptcy with his aggressive cost-effects and the formation of the Nissan-Renault alliance. In his heyday, the Lebanese Brazilian was the chairman of Nissan, Renault and chairman of the Mitsubishi board. In 2017, in the year before his arrest, he reported 10.6 million vehicles that were sold under his observation – more than any other manufacturer this year. His actions generally conducted praise for widespread praise, with academics and various publications Ghosn described as “rescuers” by Nissan.

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Preliminary internal plans, the code name of the Nissan Revival plan, composed in 1999 after his appointment. Ghosn implemented width and comprehensive changes to reduce the costs, to rotate the consolidation of parts support through half and to enter partnerships with global suppliers. In addition, he lowered the manufacturing costs by running fewer lines with greater capacity and maximizing the efficiency of each line. All of this coincided with his plan to establish the Nissan-Renault and later the Nissan-Renault-Mitsubishi alliance (which keeps property to Nissan today) and to further consolidate profitability. His plans came into force in April 2000, a year before the schedule, and ultimately saved Nissan from financial ruin.

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The Nissan-Renault alliance played a crucial role in Nissans Turnaround. As part of the deal, Renault took over 5.4 billion US dollars from Nissan von Nissan in return for a participation of 36.6 equity in Nissan. The Japanese company had a strong hold in America, which Renault was missing, even though Renault previously sold cars in the States. At that time, Renault was well regarded for innovative designs and married well with the quality of the early 2000s from Nissan. Ultimately, both companies passed with high profits over the decade, although their winning streak only ends with the global recession of 2008.

Carlos Ghosn was accused of financial misconduct, including $ 44 million of his own salary in the course of several years, and the throwing of his own personal debts to Nissan in the amount of $ 16.9 million ($ 1.85 billion yen). He was initially arrested after a five -hour board meeting in an emergency, on which his personal fate and the future of Nissan's partnerships were discussed, and arrested two more times (but never charged) for accusations of submitting false salary reports.

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Ghosn states that the allegations in his various statements are completely unfounded and claimed that Nissan had suppressed him. From Ghosn's point of view, Nissan feared that France's Renault wanted more control over the Japanese company, so that individuals have organized a property at Nissan to prevent the full merger with Renault. He called Hitoshi Kawaguchi, Hidetoshi Imazu and Masakazu Toyoda-Alle high-ranking Nissan employee as the main conspirator. In addition, he accused the Japanese prosecutors and authorities of having made false information and hiding evidence in order to silence Ghosn.

In December 2019 everything came to one head when Ghosn fled from the country to his home Lebanon, first over a bullet train and then fled as a Stowaway. While he continues to be a refugee, the shameful CEO has undergone proactive steps since then to restore his name, including a complaint against Nissan submitted in July 2023, with hearings starting in September 2023. Various hearings remain even further, including Nissan's own accusations that have been raised against persons, are reported by GHOSN in relation to its various crimes. So far, however, there are no fees for both parties.

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