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January 14, 2019

Ghosn got EUR7m through Dutch JV – reports

A Dutch joint venture between Nissan and Mitsubishi paid since-ousted Renault-Nissan alliance chairman Carlos Ghosn EUR7m (US$8million), media reports said.

By Olly Wehring

A Dutch joint venture between Nissan and Mitsubishi paid since-ousted Renault-Nissan alliance chairman Carlos Ghosn EUR7m (US$8million), media reports said.

According to Reuters, French paper Les Echos said Nissan and Mitsubishi in June 2017 set up joint venture Nissan Mitsubishi BV (NMBV) in the Netherlands to pay bonuses to staff and managers of the two carmakers.

The JV's top directors were not initially supposed to receive bonuses from the unit but in February 2018 – and without the knowledge of other directors – Ghosn was hired as an employee by the unit which made him eligible for payments, the paper reported.

A Nissan spokesman did not immediately respond to a Reuters request for comment.

Reuters had last week reported one of Ghosn's senior executives received an additional six-figure salary via the Dutch joint venture overseeing Renault's alliance with Nissan. There was nothing to suggest that the payments were illegal but they highlighted governance issues and potential conflicts of interest.

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