Showing posts with label RENAULT. Show all posts
Showing posts with label RENAULT. Show all posts

Monday, February 10, 2020

Ghosn used joint venture between Nissan, Mitsubishi to inflate pay: Lawyers


Ghosn, the former chairman of the Renault-Nissan-Mitsubishi alliance, was arrested in Japan in 2018 on financial misconduct charges but fled to Lebanon last December.


Company News : Carlos Ghosn, the fugitive former auto executive, used a joint venture between Nissan and Mitsubishi to inflate his pay, effectively clawing back a cut to his declared wages, and to cover a personal tax debt, lawyers for the companies said on Monday.

Ghosn, the former chairman of the Renault-Nissan-Mitsubishi alliance, was arrested in Japan in 2018 on financial misconduct charges but fled to Lebanon last December.
He has repeatedly denied any wrongdoing, including concerning the way he was compensated.

Nissan and Mitsubishi have been pouring over payments made to Carlos Ghosn from their Dutch-based joint venture, and had already challenged a salary and bonus worth 7.3 million euros which they claim he granted himself without the knowledge of their respective boards.

In new arguments submitted to a Dutch court on Monday, lawyers for the firms alleged Ghosn awarded himself that compensation to offset a cut in his declared earnings at Nissan.

Ghosn - who was under public scrutiny in Japan and France over his wages during his tenure, though he has argued since that other auto industry bosses were paid far more - had agreed to cut his pay when stepping down as Nissan CEO in April 2017.
He stayed on as chairman, and also had the top job at Renault.

Representatives of Ghosn's legal team said the allegations of unknown or unjust payments were unfounded.

"We don't dispute that Mr Ghosn received a good salary", attorney Roeland de Mol said. "But he had the heavy task of getting French and Japanese companies to cooperate. He didn't retire to go play golf after he stepped down as Nissan CEO."


Tuesday, June 11, 2019

Alibaba's smart speaker to feature in Audi, Renault, Honda cars in China


The Tmall Genie Auto smart speaker will allow drivers to use voice commands to, for instance, place orders on Alibaba's online retail platform and buy movie tickets.


China's Alibaba Group Holding Ltd on Tuesday said its voice-controlled assistant will feature in local vehicles from Audi AG, Renault SA and Honda Motor Co Ltd, as the tech giant expands in artificial intelligence.

The Tmall Genie Auto smart speaker will allow drivers to use voice commands to, for instance, place orders on Alibaba's online retail platform and buy movie tickets, Alibaba said at the CES Asia 2019 technology trade show in Shanghai.

In the near future, the speaker will also allow drivers to monitor and control smart devices at houses equipped with a Tmall Genie-compatible device, Alibaba said in a joint statement with the three automakers, without specifying vehicle models.

"We are thrilled to partner with global, distinguished auto brands such as Audi, Renault and Honda," said Miffy Chen, general manager at Alibaba AI Labs.

"Together, we can greatly enhance our in-car services and make driving experiences more intelligent and interconnected."

The Tmall Genie is akin to Amazon.com Inc's Echo.
Alibaba launched the device in 2017 and released an auto version in April last year. Other automakers that have said they will install the device in their vehicles include BMW and Volvo Cars.

Amazon also has a vehicle version of its Echo, dubbed the Echo Auto, which it announced in September.

Business Standard