Ghosn behind bars: A rather messy putsch

(c) Bertel Schmitt

Today, Renault-Nissan-Mitsubishi’s multi-role top executive Carlos Ghosn descended  in his private jet into Tokyo’s Haneda airport for a routine visit at Nissan’s headquarters in Yokohama, 20 minutes further south. This time, the reception was less deferential than usual. Ghosn and his close confidante Greg Kelly found themselves behind bars. The two were arrested by Tokyo prosecutors for alleged financial misconduct at Nissan Motor.

Nissan swiftly issued a press release, saying that “based on a whistleblower report,” Nissan had conducted an internal investigation, which came to the conclusion that  “over many years both Ghosn and Kelly have been reporting compensation amounts in the Tokyo Stock Exchange securities report that were less than the actual amount, in order to reduce the disclosed amount of Carlos Ghosn’s compensation.”

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And they are off

 

See the world’s best car plant, in 17 days

 

So finally, it is happening. We are going around the globe on a tour of the world’s best car factories. The Magical Mystery Plant Tour will last two weeks, going from Detroit to Toyota City to Zhangjiakou, China, to Leipzig, to Dresden, to Coventry, to Gaydon, and finally home.  Follow us on Twitter #MMPT.

Bertel will tag on another two weeks in Germany to channel his inner Schnitzel.

Result: For one month, the morning news may be disrupted by travel, and occasionally not appear at all. If unattended servers go belly-up during the travels, the site may disappear completely for a while …. Not to worry, we’ll be back.

P.S.: In case you are missing last Thursday and Friday  Morning News: They were lost in a mad scramble to get ready for the trip. Sorry!!!!