Thu Sep 26 14:12:00 UTC 2024: ## Nissan Wins Boat Battle Against Fugitive Ghosn, GM Recalls Express and Savana for Brake Line Issue
**Nissan has won the first round of its legal battle with former chairman Carlos Ghosn, who is a fugitive from Japanese justice.** A British Virgin Islands court has ruled that Ghosn must hand over a luxury yacht, dubbed “Shachou” (Japanese for “The Boss”), to Nissan and pay $32 million in damages. The yacht, a symbol of Ghosn’s alleged lavish spending, was allegedly purchased with funds illicitly taken from Nissan. Ghosn has denied any wrongdoing and plans to appeal the decision.
Meanwhile, **General Motors has issued a recall for certain 2013-2019 Chevy Express and GMC Savana cutaway models due to a potential brake line fluid leak.** The issue stems from body mounts being placed too close to the brake lines, potentially causing wear and leakage. Dealers will inspect and replace affected brake lines as needed. Approximately 18,320 vehicles are impacted by the recall.
**In other automotive news, Nissan has agreed to buy back 79.9 billion yen ($552 million) worth of shares from Renault.** This move is intended to rebalance the two companies’ alliance and provide Renault with funds to accelerate its electric vehicle development. The news comes as both companies face challenges in the global automotive market.
**Finally, the automotive industry continues to grapple with a shortage of tech-savvy workers.** A report from Josh Bersin Co. reveals that automotive companies lag behind other industries in attracting and retaining software skills. The report urges automakers to modernize their hiring practices and partner with universities to develop a future-ready workforce.
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