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TOKYO (Reuters) – The Tokyo District Court said on Friday it had extended Carlos Ghosn’s detention period by eight days, giving prosecutors until April 22 to bring formal charges against the former Nissan Motor Co boss or let him go. Ghosn was arrested for the fourth time last week on suspicion that he had tried to enrich himself at Nissan’s expense, to the tune of $5 million. He is also awaiting trial on other charges of financial misconduct and aggravated breach of trust. Ghosn, who had been released on $9 million bail in early March after spending 108 days in jail, has denied all allegations against him gunmetal engraved cufflinks.
Ghosn’s initial detention period was set to expire on Sunday, and had been widely expected to be extended by the maximum 10 days. Public broadcaster NHK said it was rare for prosecutors’ full extension request to be denied and shortened gunmetal engraved cufflinks. Ghosn’s defense team has launched a public and fierce battle against Tokyo prosecutors, calling the latest arrest “illegal” in documents seen by Reuters. Later on Friday, a court rejected the defense team’s appeal against the extension, meaning that the team may have to make a fresh bail application if Ghosn is indicted on further charges at the end of his new detention..
Once celebrated as a savior of a near-bankrupt Nissan 20 years ago, Ghosn has been ousted as chairman of Nissan, Renault SA and Mitsubishi Motors Corp since his arrest, jeopardizing the auto-making alliance he masterminded. The court decision came as several dozen executives and board members from the three automakers gathered in Paris for an alliance anniversary dinner described by one participant as “simple, nothing ostentatious” gunmetal engraved cufflinks. New Renault Chairman Jean-Dominique Senard told managers they had proved their ability to “overcome our differences and keep the alliance strong”, also invoking a need for quality improvements and swift joint decision-making, sources said..
AMSTERDAM (Reuters) – Fiat Chrysler gave an upbeat forecast for 2019 after a tricky end to last year and a slow start to this one, confirming the carmaker was on track to meet its targets and easing fears of a slowdown on the North American market gunmetal engraved cufflinks. Speaking at a time when deal talk is bubbling again in the industry, Chairman John Elkann told investors the Italo-American group was ready to play a part in the “new and exciting” era for the auto industry. He also struck a positive tone on the short-term outlook..
“Despite the (fact that the) second part of 2018 included trade difficulties in some areas that persisted in the first part of this year, we forecast a significative improvement in the second half of 2019,” Elkann said gunmetal engraved cufflinks. Chief Executive Michael Manley, who took up his post last July, said the group’s operating performance this year would exceed the record results posted in 2018. In February weaker-than-expected guidance for 2019 profits and industrial free cash flow raised doubts about longer-term targets..