Carlos Ghosn Sues Nissan For $1 Billion in Lebanon
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Carlos Ghosn Sues Nissan For $1 Billion in Lebanon

BySamod Biobaku

Former Nissan chairman Carlos Ghosn has filed a lawsuit against the company for over $1 billion, as revealed in a copy of the lawsuit seen by Reuters and filed with Lebanon’s public prosecutor. The lawsuit, filed on May 18, accuses Nissan, two other companies, and 12 individuals of various crimes, including defamation, slander, libel, and…

Renault Will Slash Stake in Nissan as They Overhaul Their Alliance
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Renault Will Slash Stake in Nissan as They Overhaul Their Alliance

BySamod Biobaku

Carmakers Renault and Nissan have agreed to restructure their longstanding partnership, with the French company whittling down its stake in the Japanese firm to 15%. As reported on CNN, under the agreement, Renault will transfer 28.4% of its shares in the Yokohama-based company into a French trust. Voting rights for that stake will be “neutralized”…