Ghosn remains on the boards of Nissan, Renault and Mitsubishi, given a shareholder vote is required to remove a board member.
Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer’s office after being released on bail from Tokyo Detention House, in Tokyo, Japan, March 6, 2019.
But the Tokyo District Court denied the request on Monday, NHK said, stopping what would have been a dramatic face-off between Ghosn and the colleagues he has accused of fomenting a coup. Further details of the denial were not available.Ghosn faces charges of under-reporting his salary at Nissan by about US$82 million over nearly a decade – charges he has called “meritless”.
“The proposed arrangement will have no impact on the existence of the and the cross-shareholding structure, which will both remain in place,” Renault said.Nissan, Renault and Mitsubishi plan to set up a joint board meeting structure under which Renault’s new chairman, Jean-Dominique Senard, is likely to take the chair, people with direct knowledge of the matter told Reuters.
Some at Nissan had been unhappy with Ghosn’s push for a deeper tie-up, including possibly a full merger.
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