Carlos Ghosn

Said El Mansour Cherkaoui has conducted research and published analysis on Renault and Nissan since 2010. Among this body of works on the automobile industry, he has published an acclaimed article on the transformation of Renault from a regional player to a global star in the international market of cars.

Consolidated Globalization and Merger and Acquisitions: The New Drive of the Automobile Industry

The Automobile Industry around the globe is no more seeking to be only located in countries where high demand exists. The use of new tools and technological advanced robotics as well as the globalization of the trade through free trade agreements between countries has both enable the transfer of operations and productions to countries who can be a market like they can be a platform of re-export for regional and neighbouring marketplaces with higher level of consumption and higher revenues and purchasing power parity.

These changes has not just attracted the manufacturers of cars but also the producers of automotive and automobile components and parts who have emigrated from Southeast Asia to be near their clients that are the dominants producers of cars around the world as it shows in this case of Toyota expanding or as we say in the Japanese Strategy of Regional Development « The flying Goose » to Myanmar.

The other examples of such global deployment was taken by European car manufacturers such as Renault and Peugeot who actually have expanded their production to Morocco, Algeria, Egypt and some other African countries as well as other East European countries.

Fiat Chrysler Automobiles and PSA Group plan to merge in the biggest auto tie-up since Daimler’s ill-fated purchase of Chrysler in 1998. The merger will help the two automakers to shoulder the costly investments in new technologies transforming the industry, creating the world’s fourth-biggest automaker with a stock-market value of about $47 billion, surpassing Ford Motor Co, which will reshape the global  industry.

The combined company will be led by PSA CEO Carlos Tavares, with FCA Chairman John Elkann holding the same role at the enlarged company, the companies said in a statement on Wednesday.

The merger will also brings together two automakers dynasties — the billionaire Agnelli Counts of Italy, led by Elkann, and the Peugeots Barons of France.

Ghost of Ghosn: Fantomas Grande Evasion from Osaka

Ghosn says he will reveal names of Japanese officials behind his arrest

Ghosn blames France’s Macron for turning Nissan against him before arrest


Carlos Ghosn says it was French President Emmanuel Macron who set in motion the train of events that led to his downfall. The former CEO of Renault SA and Nissan Motor Co. pointed the finger at Macron, blaming the French leader for angering executives and officials in Japan by trying to lock Nissan into its alliance with Renault two years ago.

While the president was never named, it was clear that was who Ghosn was alluding to when he hinted that the government asked him to push through a full merger of the two automakers against his will.

Macron was far from the only target of Ghosn’s wrath at his first news conference since escaping from Japan. The main focus of his attacks were Japanese prosecutors, Nissan executives and the carmaker’s lawyers, Latham & Watkins. But when he sought to explain the origins of the alleged plot against him, it was the French president he held responsible.

Ghosn, who fled Tokyo and sought refuge in Lebanon last month, said Wednesday he was arrested to prevent a closer tie-up between Nissan and Renault, which Macron had pushed for. He said that he had proposed the two automakers merge through a holding company and was also in talks to combine with Fiat-Chrysler Automobiles NV.

Ghosn said that Macron also upset Nissan with a secretive move to increase the French government’s stake in Renault five years ago. He gave a bitter account of the 2015 episode, which saw France increase its participation in Renault to take advantage of a new regulation that granted long-term investors double voting rights. Macron, then economy minister, did not warn Ghosn he would make the move until the last minute.

From the Top of the Brass to the Fugitive Status: Carlos Ghosn

From Grace from a Meteoric Rise to Citizen Ghost: Ghosn is now one member of the very restricted group of former Dictators and Deposed Leaders who escaped their country by fear of the mobs, the protesters or the pursuit of legal and judicial condemnations by their national courts. They choose to flee and live the rest of their life in a far country who has no extradition treaty with the one that they have fled from. They lived the rest of their life in seclusion and out of touch of the mediatic spots lights, spending quietly the millions that their wives had transported in special chartered planes even before their arrival in the country who offered the refuge and the lodging as well as the shields against any legal condemnations.

The list of such dethroned former beloved leaders is

In a stunning turn of events in a saga that began with his shock arrest in Tokyo just over a year ago, Carlos Ghosn, the fallen automotive titan facing trial in Japan for financial crimes, fled to Lebanon to escape what he described as a “rigged Japanese justice system.” 

Nissan Motor Co. said it will take “appropriate legal action” against Ghosn for any harm caused to the company, maintaining its stance of holding him responsible for serious misconduct.

“The consequences of Ghosn’s misconduct have been significant,” the automaker said in a statement Tuesday.

“The internal investigation found incontrovertible evidence of various acts of misconduct by Ghosn, including misstatement of his compensation and misappropriation of the company’s assets for his personal benefit,” the Yokohama-based automaker said. “Nissan will continue to do the right thing by cooperating with judicial and regulatory authorities wherever necessary.”

What happens to Nissan’s alliance with Renault SA of France, engineered by Ghosn, is a bigger question. Experts say the alliance is irreversible because so much is shared between the automakers, including model development, manufacturing sites and vehicle parts. Ghosn has said his arrest was prompted by those who opposed a fuller merger between Nissan and Renault. Renault owns 44% of Nissan, but in recent years, until Ghosn’s downfall, Nissan had grown more profitable than Renault. Nissan has been historically closely associated with Japanese pride. Uchida has affirmed the importance of the alliance and promised to restore Nissan’s credibility.

Nissan’s brand has been seriously tarnished, and its sales and profits are tumbling. Ghosn was such a key figure for the brand in Japan, where foreign executives are still relatively rare, that it would be a challenge for anyone to fill his shoes. His successor, Hiroto Saikawa, resigned in September after financial misconduct allegations related to a dubious income surfaced against him. Nissan picked Makoto Uchida, who used to head its China business, as its new chief executive.

How Did Carlos Ghosn Escape Japan?

★★ Mr Ghosn is believed to have flown from the Japanese city of Osaka to Istanbul, in Turkey, and then to Beirut in Lebanon. After the stop in Turkey became known, seven people were arrested in connection with the case – four pilots, a cargo company manager, and two airport workers. In another report, NHK said that a plane matching the reported origin and destination of Mr Ghosn’s trip underwent immigration and customs checks at a terminal of Osaka’s Kansai airport that is only used by private jets.

« I think I would recognize Ghosn if I took a good look at his face, but we don’t really look at people’s faces, » one security guard at the private terminal told Reuters news agency. « It would be harder to spot him if he was wearing a disguise or was in a group. »

« He would have had to go through as a passenger, perhaps in disguise, » said airport spokesman Kenji Takanishi, adding that privacy was a big attraction for the wealthy travelers who used the terminal.

Mystery Surrounds Automotive Titan’s Passage to Lebanon and that is why this video has no image, the world is still putting the puzzled news of Ghost Ghosn Great Escape from Japan and until finding the ways and means used for such Reverse of Fortune for the Japanese Judicial System, the screen of these videos will remain Plain and without images.

Japan Media Version on Carlos Ghosn

Japanese investigative sources have said Ghosn traveled to Osaka from Tokyo on a shinkansen on Dec. 29, before flying out of Kansai International Airport in a dramatic escape from what he has said is a “rigged Japanese justice system.”

Security camera footage showed the fugitive leaving his home in the capital’s Minato Ward alone around 2:30 p.m. on Dec. 29, and he arrived at Shinagawa Station with other men around 4:30 p.m. They took a taxi from Shin-Osaka Station to the airport at around 7:30 p.m.

Ghosn, who was arrested more than a year ago, was released on bail in April on conditions that included no travel abroad. He arrived in Lebanon via Turkey on Dec. 30.

The plan to extract Ghosn is believed to have begun months beforehand, and involved about a dozen people, including a former Green Beret, and over 20 trips to Japan, the Wall Street Journal reported Monday, citing a person familiar with the matter.

According to the Journal, two U.S. security personnel were on board the private jet in Osaka Prefecture — ex-Green Beret Michael Taylor and George Zayek, who had previously worked with Taylor’s security company.

It also said the operatives visited at least 10 airports in Japan before settling on Kansai Airport.

Ghosn himself only decided to undergo his escape last month due to fears that the trial could persist for years, the paper said, adding the escape is believed to have cost millions of dollars.

Lebanon, which has no extradition agreement with Japan, has said Ghosn entered the country legally in possession of a French passport and a Lebanese identification card. Ghosn is a Brazilian, French and Lebanese national.

Once a hero in Japan, Carlos Ghosn’s news conference unlikely to restore his image


« In an extraordinary news conference 14 months in the making, Carlos Ghosn lambasted Nissan Motor Co. executives, Japanese prosecutors and the nation’s justice system in what was a watershed moment for a corporate crime drama that has made global headlines and stirred talks of a Hollywood production.

By fleeing to Lebanon and thus freeing himself from the legal risks that would have come from speaking to the media in Japan, the former Nissan chairman was granted his long-held wish to provide his own account in his own words. He made full use of the opportunity — speaking for an hour before answering questions from reporters — and covered topics including harrowing accounts of his detention, while also outing Nissan executives that he says had a role in bringing him down.

While international media has focused much of its coverage on criticisms of the Japanese criminal justice system, domestic media outlets have been more critical of Ghosn violating bail conditions and leaving the country without facing trial.

Japanese legal and communication experts say the news conference, Ghosn’s first since his arrest, will have done little to turn the tide of public opinion in Japan and restore his reputation, which has been tainted by his alleged financial wrongdoing.

“Ghosn didn’t have anything substantive to say,” said Yasuyuki Takai, an attorney and a former prosecutor based in Tokyo. “If he wants to restore trust, he shouldn’t do a self-absorbed speech like he did, but he should calmly make specific explanations and present evidence supporting those explanations.”

End of the Article quoted from this source: Once a hero in Japan, Carlos Ghosn’s news conference unlikely to restore his image – BY SATOSHI SUGIYAMA

Publications of Said El Mansour Cherkaoui on the Automobile Industry

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