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Carlos Ghosn video: 'This is about conspiracy. This is about backstabbing'

TOKYO — Nissan's former Chairman Carlos Ghosn maintained his innocence in a video released by his legal team Tuesday and accused some executives at the Japanese automaker of a "conspiracy" that led to his arrest on financial misconduct allegations. "The first message is that I'm innocent," said Ghosn, wearing a white shirt and dark jacket and speaking calmly in the nearly 10-minute video shown at the Foreign Correspondents' Club in Tokyo. "This is a conspiracy," he said. "This is not about specific events, this is not about, again, greed, this is not about dictatorship. This is about a plot. This is about conspiracy. This is about backstabbing." His lawyer Junichiro Hironaka said the video was prepared in case Ghosn was not able to speak at a news conference planned for Thursday. Ghosn was arrested last week while out on bail and remains at the Tokyo Detention Center. Ghosn said the executives behind the conspiracy were motivated by what he called "selfish fears," including what they saw as a merger with French alliance partner Renault SA. They mistook his leadership for greed and dictatorship, when he was the biggest defender of Nissan's autonomy, Ghosn said. He also said he was worried about Nissan, wondering whether those executives were really watching out for the company. Hironaka said a section of the video in which Ghosn mentioned names was removed on his legal advice. Nissan Motor Co., while declining to comment on the criminal case, has said an internal investigation has found that Ghosn falsified financial documents to under-report compensation, and that he used Nissan money for personal gain. "Nissan's internal investigation has uncovered substantial evidence of blatantly unethical conduct," company spokesman Nicholas Maxfield said when asked for comment on Ghosn's video. "The company's focus remains on addressing weaknesses in governance that enabled this misconduct." Ghosn's fourth arrest was on a fresh breach of trust allegation based on suspicion that payments from a Nissan subsidiary to an Oman dealership were diverted to a company effectively run by Ghosn. On Monday, Nissan Motor Co. shareholders voted to oust Ghosn from its board and to approve the appointment of French alliance partner Renault SA's Chairman Jean-Dominique Senard as Ghosn's replacement. Renault owns 43 percent of Nissan.

Nissan itself will be indicted alongside Ghosn, report says

Prosecutors in Tokyo are expected to file charges against Nissan itself alongside an expected indictment against former Chairman Carlos Ghosn as part of the ongoing financial misconduct case. That's according to a report from Japan's Nikkei business daily, which does not identify its sources. Charges are also likely against Greg Kelly, a member of Nissan's board of directors who was taken into custody with Ghosn Nov. 19 after Japanese authorities questioned the former chairman aboard a corporate jet at the Tokyo Haneda airport. Monday is the deadline when prosecutors must either indict the two executives, release them or arrest them on new allegations. Both men are accused of under-reporting salaries in five annual reports that stretch through the fiscal year that ended in March 2015. The Nikkei says they'll also be arrested on new allegations of misstating financial information for the subsequent three business years. Nissan would be charged for not preventing the alleged crime. Both men have reportedly denied the allegations. In response to the Nikkei report, a spokesman for Nissan told Automotive News the company had "identified serious misconduct related to the reporting of Mr. Ghosn's compensation" and was cooperating with investors. The turmoil over Ghosn prompted the automaker to scrap plans to unveil a long-awaited longer-range Leaf electric car at the L.A. Auto Show last week. Ghosn is accused of conspiring to understate his income by about half the 10 billion yen (about $88 million) over the period. Reports say the issue relates to deferred compensation that Nissan CEO Hiroto Saikawa reportedly signed off on but may not have understood. The company didn't report the deferred compensation in Japanese securities filings as it is required, since the money is considered a future liability against the company. Automotive News cites an unnamed source who says Nissan has identified some $80 million in unreported deferred compensation promised to Ghosn. Nissan's board voted Nov. 22 to oust him as chairman, and Mitsubishi followed suit days later. Ghosn remains the CEO and chairman of Renault, however. Under Ghosn's guidance, Nissan and Renault joined forces in 1999 when Nissan was teetering toward bankruptcy. Mitsubishi joined on in 2016, with all three members able to jointly develop products and control costs. He had reportedly been pushing for deeper ties, including a possible merger between Nissan and Renault at the urging of the French government.

As of today, Nissan has sold 50,000 Leafs in the US, 115,000 globally

Watch out, America, there are 50,000 Nissan Leaf electric vehicles prowling your streets. That's the official word from Nissan, which says it has just delivered the 50,000th Leaf – a black SL model – to Todd and Lisa Bolt in Dallas, Texas. Todd is a pastor at the Gateway Church in Southlake, where there almost two dozen Leaf drivers who call themselves the "Blessed LEAFs Club." We're not making that up. Divinely inspired or not, Todd said in a statement that the EV completely meets the family's needs and that, "I don't know why we'd buy another gas car." Last September, Nissan announced it had sold 35,000 Leaf EVs in the US so far, and the 25,000 mark came in May last year. Globally, "nearly 115,000" Leafs have been sold, which makes Nissan's workhorse the most popular EV by a long shot. To celebrate the occasion, Nissan has put together an infographic (click to enlarge) showing the cumulative effects of all those electric vehicles on the roads. While they're only estimates based on taking the actual data from the CarWings connected vehicles (which make up 55 percent of the total fleet) and extrapolating, the numbers are still impressive. Around 906,000,000 miles driven, which means 241,000 metric tons of CO2 saved from going into the air. 50,000 Leaf sales is a big deal, sure, but we're much more keen on those cleaner air figures. Read more below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. NISSAN DELIVERS 50,000TH ALL-ELECTRIC LEAF IN U.S. TO TEXAS FAMILY DALLAS (May 23, 2014) -- Nissan, the global leader in electric vehicle (EV) sales, achieved another milestone this month as Dallas residents Todd and Lisa Bolt made Nissan LEAF the first all-electric model to hit 50,000 sales in the U.S. The Bolt family took delivery of their black LEAF SL earlier this month at AutoNation Nissan of Lewisville. Thanks to enthusiastic owner advocates, robust public charging infrastructure and the launch of a successful free charging promotion, Dallas – and the state of Texas – have become hot growth markets for LEAF. So far in 2014, LEAF sales in the Dallas-Fort Worth metroplex have grown by about 50 percent over the previous year, with that growth set to accelerate faster thanks in part to the introduction of a new state tax rebate of up to $2,500 on the purchase or lease of a new Nissan LEAF.