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Suspects in Ghosn's Japanese escape stand trial in Turkey

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Seven suspects went on trial in Turkey on Friday over their alleged involvement in former Nissan boss Carlos Ghosn's dramatic escape from Japan to Lebanon via Istanbul at the end of last year. Ghosn, once a titan of the global auto industry, had been arrested in Japan in late 2018 and charged with underreporting his salary and using company funds for personal purposes, charges he denies. The ousted chairman of the alliance of Renault, Nissan Motor Co and Mitsubishi Motors Corp had been awaitin

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Suspects in Ghosn's Japanese escape stand trial in Turkey originally appeared on Autoblog on Fri, 3 Jul 2020 16:00:00 EDT. Please see our terms for use of feeds.

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FCA: PSA deal terms still intact despite dividend cut report

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Fiat Chrysler (FCA) said the terms of its merger with France's PSA had not changed after an Italian newspaper report that it was looking to spin off assets to reduce a planned 5.5 billion euro ($6.2 billion) cash pay-out to its shareholders. FCA said on Friday that it was sticking to the deal agreed with PSA in December before the coronavirus crisis hit demand for cars. FCA and PSA plan to finalise their merger by the first quarter of next year.

Continue reading FCA: PSA deal terms still intact despite dividend cut report

FCA: PSA deal terms still intact despite dividend cut report originally appeared on Autoblog on Fri, 3 Jul 2020 14:00:00 EDT. Please see our terms for use of feeds.

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