Nissan Decides To Kick Carlos Ghosn Off Its Board Of Directors

Nissan shareholders have voted to remove Carlos Ghosn from the Japanese company’s board, The New York Times reports.

Ghosn was ousted as Nissan chairman in November 2018 when accusations were made that he had been underreporting his executive compensation. The Japanese automaker’s board was unable to remove him as director until a special meeting was held on Monday.

Speaking during the meeting, Nissan chief executive Hiroto Saikawa apologized for the organization’s issues and lay the blame directly at Ghosn.

“I have been asking myself over and over why the organization failed to stop the misconduct. The reasons, I believe, were the concentration of power in the hands of a single individual for a long time. The board and executive committee members are dedicating their efforts towards the present and future of Nissan. I would like to ask for your support,” Saikawa said.

Shareholders voted for new Renault chairman Jean-Dominique Senard to replace Ghosn and serve as the vice chairman on Nissan’s board.

In January, Saikawa announced that he would hand over the reigns in the coming months after he had reformed the governance behind the company. However, he recently had a change of heart and intends on serving as chief executive for at least three more years.

News of Carlos Ghosn being voted off Nisan’s board comes shortly after he was re-arrested late last week by Japanese prosecutors claiming that he used a company subsidiary to enrich himself approximately $5 million. Ghosn has denied all wrongdoing and his wife recently pleaded with the French government to help him.

2020 Toyota Highlander: All-New SUV Teased And Ready For NY Show Debut

Toyota relies on augmented reality tech to tease its upcoming fourth-generation Highlander.

Hyundai Denies It Has Partnered With China’s Tencent For Autonomous Tech

Hyundai admitted it is indeed working with Tencent, but only on infotainment systems.

Suzuki Grand Vitara And Kizashi Recalled In The U.S. Over Airbag Issue

The Suzuki Kizashi and Grand Vitara’s front passenger airbag could deploy even with a child onboard.

Renault City K-ZE All-Electric Crossover To Debut In Shanghai

The K-ZE City will launch in China at first and in global markets after.

Jaguar Land Rover Stops UK Production For A Week Due To Brexit Uncertainty

Jaguar Land Rover joins BMW and Vauxhall in pausing production at UK plants amid Brexit concerns.

Mitsubishi e-Yi Concept Is The Engelberg Tourer Reloaded For Asian Debut

The name and the color are the only things that appear to have changed on the e-Yi Concept.

Nissan Decides To Kick Carlos Ghosn Off Its Board Of Directors

The Japanese automaker’s board was unable to remove him as director until a special meeting was held on Monday.

Fisker Shows New Teaser Of Electric SUV That’s Coming In 2021

The new Fisker SUV will launch with an 80 kWh battery and 300 miles of range ahead of an electric luxury sedan.

Hyundai Releases Venue SUV Sketches Before April 17 Debut

The Venue, which will be officially unveiled in New York, will be the smallest SUV ever sold by Hyundai in the U.S.

Cyclist Haphazardly Crosses Busy Intersection Diagonally, Lives To Star In A Future Video

Crossing an intersection between moving cars without even looking at the lights – talk about a death wish.