The prosecutors also indicted Nissan for filing false financial statements, making the Japanese automaker culpable for the scandal that has shocked the auto industry. Ghosn and Kelly have not made any statement through their lawyers, but Japanese media reported that they have denied the allegations. Ghosn, under pressure from the French government, had pushed for a deeper tie-up including a possible full merger between Renault and Nissan, despite strong reservations at Nissan. Some Nissan executives have long been unhappy with what they see as Renault’s outsized influence over the Japanese automaker, which dwarfs Renault in vehicle sales. Renault holds around 43 percent of Nissan, while Nissan has a non-voting 15 percent stake in the French partner.

Source: bd News24 December 10, 2018 08:15 UTC