Nissan writes off Carlos Ghosn in $83 Million charge
13 February 2019 |
5:55 am
Nissan Motor Co. warned of its lowest profit in six years as it took an $83 million charge related to the compensation of former Chairman Carlos Ghosn.
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The Japanese automaker has accused the once-praised former executive of misusing a "significant amount of the company's funds." Nissan's criminal complaint followed fresh charges against Ghosn from Tokyo prosecutors.
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The board of the French carmaker is set to announce a replacement for CEO Carlos Ghosn later on Thursday. Ghosn is in jail in Japan on fraud and breach of trust charges.
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Nissan Motor Co. warned of its lowest profit in six years as it took an $83 million charge related to the compensation of former Chairman Carlos Ghosn.
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A Tokyo court has unexpectedly granted bail to Carlos Ghosn, Nissan's former high-flying chairman. Prosecutors have filed an appeal against the decision, potentially delaying Ghosn's release from detention.
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A Japanese court confirming that Carlos Ghosn will be granted bail of 500-Million yen and may be released as early as today.
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