Mitsubishi Motors fires Carlos Ghosn, CEO to be interim chairman
Tokyo, Nov 26 (AP): The board of Japanese automaker Mitsubishi Motors, which is allied with Renault and Nissan, voted unanimously Monday to dismiss Carlos Ghosn as its chairman following his arrest last week.
Prosecutors arrested Ghosn on November 19 on suspicion he under-reported his income by USD 44 million over five years.
Nissan Motor Co ousted him as its chairman last week, saying an internal investigation prompted by a whistleblower also found Ghosn misused company money and assets.
Mitsubishi Motors' CEO Osamu Masuko, chosen by the board as acting chairman pending a shareholders' meeting, said Ghosn would not be able to perform his duties, considering his arrest and Nissan's dismissal of him as chairman.
Masuko said he did not know the specifics of the criminal allegations and declined comment on the case.
When asked for his personal view about the situation, Masuko said he was baffled.
"To be honest, I was shocked, and I couldn't believe it," he told reporters at Mitsubishi Motors' showroom at headquarters.
"I still can't figure out why, and I just don't understand."
But Masuko insisted the three-way alliance will persevere, saying it's critical for the automakers' futures, especially in working together on new technologies such as autonomous driving, artificial intelligence and connectivity for vehicles.
"We believe the alliance is needed," Masuko told reporters at Mitsubishi Motors' showroom at headquarters.
"Where the three companies are headed is not confrontation."
Ghosn was central in creating the alliance, but would have had to leave eventually, he said, adding just that the "timing had come sooner."
Renault has kept Ghosn as chief executive, while appointing an interim chair while the company awaits more information about the allegations against him.
The disruptions over Ghosn's case have added to worries about the future of the alliance between Renault, Nissan and Mitsubishi, whose status as the most recent addition could be more precarious.
European media have speculated that the case against Ghosn was partly driven by a desire to fend off moves to merge Renault and Nissan and keep the company under Japanese control.
Resentment within the Japanese automaker against Ghosn's pay and power may also have played a role.
Ghosn has been a dominant force in the Japanese auto industry for nearly two decades.
He led the addition of Mitsubishi into the alliance in 2016 after the smaller automaker was embroiled in an inspections reporting scandal.
Nissan holds a 34 per cent stake in Mitsubishi.
Japanese media, citing unidentified sources, are reporting that Ghosn and Greg Kelly, an executive who was arrested on suspicion of collaborating with him, are asserting their innocence. Ghosn has not commented publicly.
The two executives have not yet been charged. Under Japanese law, a suspect can be held in custody for up to three weeks per suspected charge without any charges being filed.
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Mass funeral of four brothers leaves UAE community in mourning after fatal road accident
Report: Thufail Muhammad Abudhabi
Dubai: The funeral of four young brothers who died in a tragic road accident near Abu Dhabi drew hundreds of mourners to the Al Qusais cemetery on Tuesday evening, leaving the UAE’s expatriate community in deep shock and grief.
The children Ashaj (14), Ammar (12), Azaam (8) and Ayyash (5) were the sons of Abdul Latheef and Ruksana, natives of Kerala’s Malappuram district. The family was returning to their Dubai residence after attending the Liwa Festival on the outskirts of Abu Dhabi when their car met with a fatal accident early Sunday morning.
Three of the children died on the spot, while Azaam succumbed to his injuries on Monday evening during treatment. The family’s domestic helper, Bushra Fayaz (49), also lost her life in the crash. Her body was repatriated to India on Monday night, and funeral rites were held in Kerala on Tuesday.
Abdul Latheef, who sustained injuries in the accident, arrived at the cemetery from Abu Dhabi in a wheelchair, his hand in a sling, to attend the burial of his sons. Mourners described the scene as one of the most heartbreaking they had ever witnessed.
“I have never seen the mass burial of children from the same family. It was devastating for everyone present,” said a social worker who assisted the family.
The couple’s only daughter, Izza (10), survived the accident with minor injuries and is undergoing treatment. Unaware of the loss of her brothers, she was seen playing on a mobile phone from her hospital bed.
Relatives said informing the parents about the tragedy was handled with extreme care. Abdul Latheef was told late on Sunday night, while Ruksana who had undergone surgery for an injury to her hand was informed only on Tuesday after counsellors were brought in to break the news professionally.
Before the burial, the parents were allowed to see their children one last time. Ruksana was taken by ambulance to the mortuary, while Abdul Latheef obtained special permission for temporary discharge from hospital to attend the funeral. Ruksana remained hospitalised with her daughter.
Though the family holds Ras Al Khaimah visas, special permission was obtained to conduct the burial in Dubai, where the family resides and where most relatives are based. Community members expressed gratitude to the Dubai authorities for facilitating the process.
Abdul Latheef runs a business in Ras Al Khaimah, while Ruksana works as a property consultant in Dubai. All five children were students of Arab Unity School in Dubai, following the British curriculum. The school management issued a circular to parents outlining measures to support students and families affected by the tragedy and advising on how to discuss the loss sensitively with children.
The cause of the accident has not yet been officially confirmed by Abu Dhabi Police. Public discussions have pointed to possible factors such as dense winter fog and overspeeding, though authorities are yet to release findings.
