execs – All about car

Former Nissan chairman Carlos Ghosn leaves his lawyers offices after he was released earlier in the day from a detention centre after posting bail in Tokyo on March 6, 2019.Kazuhiro Nogi / Getty The wife of former Nissan chairman Carlos Ghosn is pleading to the U.S. president to help his case. According to Reuters, Carole Ghosn wants Donald Trump to speak with Japanese Prime Minister Shinzo Abe during the G20 summit about helping to prove her husband’s innocence. Carole has already called upon the French government to help as well. I’d like President Trump to speak to Prime Minister Abe about fair conditions, fair trial conditions and to let me speak to my husband and also to respect this presumption of innocence until proven guilty, Carole Ghosn told the BBC. Carole Ghosn was born in Beirut, but has a U.S. passport. Carlos Ghosn is accused of financial misconduct charges but claims he was ousted as Nissan chairman by a boardroom coup. and that his former colleagues stabbed him in the back. According to Carole, she has not spoken to Carlos since he was re-arrested on April 4th. They told him one of the bail conditions, the restrictions, is he isn’t allowed to speak to me or talk to me, which I find inhumane, she explained. All of this could have been dealt with internally within the company. This didn’t need to go this far and on top of it my husband is innocent and time will prove the truth. The G20 summit will take place in Osaka on June 28 and
Origin: Carlos Ghosn’s wife pleads to Donald Trump to help former Nissan exec’s case

Martin Winterkorn, former chairman of German car maker Volkswagen (VW).Tobias Schwarz German prosecutors have indicted former Volkswagen CEO Martin Winterkorn and four others on charges of fraud and unfair competition, saying he failed to prevent the manipulation of engine software that let Volkswagen cars cheat on diesel emission tests. Prosecutors in Braunschweig said Monday that Winterkorn knew about the deceptive software since at least May 25, 2014, despite his public statements he only became aware of the issue shortly before the scandal broke in September 2015. The prosecutors said the defendants – all of them top Volkswagen managers – were part of an ongoing deception that started in 2006. The company has admitted installing software that could tell when the cars were on test stands for emissions certification. When the cars went on to everyday driving, the emission controls were turned off, improving mileage and performance but emitting far more than the U.S. legal limit of nitrogen oxides, a class of pollutant that is harmful to health. The prosecutors say the defendants added a software update costing 23 million euros in 2014 in an attempt to cover up the true reason for the elevated pollution emissions during regular driving. Winterkorn and the others face from six months to 10 years imprisonment if convicted on charges of aggravated fraud involving serious losses. Bonuses collected due to sales based on the deception could be forfeited. Prosecutors said bonus that could be forfeited ranged from around 300,000 euros to 11 million euros (US$340,000 to US$12.45 million). Volkswagen has paid more than 27 billion euros in fines and settlements in the months and years since being caught. The company apologized and pleaded guilty to criminal charges in the United States, where two executives were sentenced to prison and several others charged, although they could not be
Origin: Former Volkswagen CEO, four other execs charged with fraud in Germany