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YOKOHAMA (Reuters) - Nissan’s (7201.T) Chief Executive said on Monday he hoped alliance partner Renault SA (RENA.PA) will listen to its explanation of financial misconduct by former Chairman Carlos Ghosn. Nissan CEO Hiroto Saikawa, announcing a plan to improve the company’s governance in the wake of Ghosn’s arrest and ouster, also said the company did not have a deadline in mind on when to name a successor. While Nissan ousted Ghosn days after his arrest, the Renault board at a Dec. 13 meeting reiterated its decision to keep him in office. Renault directors have yet to be given access to Nissan’s findings, which are being closely held by Renault lawyers.

FRANKFURT (Reuters) - The German state of Baden-Wuerttemberg plans to sue Volkswagen over the carmaker’s cheating of emissions tests, newspaper Frankfurter Allgemeine Zeitung (FAZ) reported on Monday, The federal state’s bodies, including police forces, purchased Volkswagen vehicles that were equipped with a device to rig diesel emissions tests and the paper quoted a state finance ministry spokeswoman as saying it was its “budgetary duty” to sue for damages, Baden-Wuerttemberg had sought to settle with VW but a deadline lapsed before a deal could be struck, the paper said, The state finance ministry, which is run rebel symbol rubber stamp cufflinks by the German Greens, plans to lodge its claim before year-end, the paper added..

“We have no knowledge of claims and therefore cannot comment on the content,” a VW spokesman told Reuters. He added VW did not see any merit in claims for damages because the cars in question were safe and roadworthy. Following an engine software update to address the emissions issues, the vehicles were compliant with German road traffic regulator KBA’s rules, he said. Daily Rheinische Post said another regional state, North Rhine-Westphalia - also an owner of a fleet of VW cars - was considering suing VW for damages, citing the state’s justice minister.

VW said about 11 million diesel cars worldwide were fitted with a device that could cheat emissions tests designed to limit noxious car fumes, It has agreed to pay billions of dollars in the United States to settle claims from owners, environmental regulators, states and dealers, It offered to buy back 500,000 polluting U.S, vehicles, The company has not reached a similar deal in Europe, where rebel symbol rubber stamp cufflinks it faces billions of euros in claims from investors and customers in the worst business crisis in its history..

ZURICH (Reuters) - Swiss food giant Nestle (NESN.S) is cutting around 380 jobs in Germany by closing two locations and reducing the workforce at two others as it reacts to lower demand and shifts some production elsewhere, the company said on Monday. Nestle, which employs more than 330,000 people worldwide, had already said in June that it would close its factory in Ludwigsburg, near Stuttgart, where it employs around 100 staff to make the coffee-substitute drink Caro and roasted cereals. Monday’s announcement adds the closure of a laboratory in Weiding, Bavaria, where 85 positions are being cut. An additional 106 positions will be lost at a baby nutrition plant in Biessenhofen, also in Bavaria, and 95 jobs are going at a Maggi plant in Luedinghausen, North Rhine-Westphalia.

(Reuters) - A Glencore-controlled (GLEN.L) mining company and some of its current and former executives have agreed to pay more than $22 million to settle Canadian allegations they hid the risks of doing business with an Israeli close to Congolese rebel symbol rubber stamp cufflinks President Joseph Kabila, the Wall Street Journal reported, The expected settlement between the Ontario Securities Commission and Toronto-listed Katanga Mining Ltd is related to the company’s business activities in the Democratic Republic of Congo between 2014 and 2016, the Journal reported, citing an anonymous source..

A Glencore spokesman declined to comment. The Ontario Securities Commission did not immediately respond to a request for comment. Glencore’s share price rose around 1 percent by 0927 GMT, while the broader mining index was 1.4 percent higher. The Canadian regulator is expected to name several of Katanga’s current and former executives in the settlement, which industrial sources said could be announced this week. Investigations have included exploring Katanga’s ties with Israeli businessman Dan Gertler, the report said. The settlement is also expected to allege that Katanga overstated copper production, understated mining costs and lacked proper internal financial controls, it added.

A statement from Katanga in 2017 said the OSC was reviewing whether the company’s previously filed financial statements “contain statements that are misleading in a material respect”, Katanga had said the OSC was also investigating whether Katanga’s corporate governance practices were adequate and the “related conduct” of certain unidentified company directors and officers, Glencore has faced a series of legal issues related to its activities in Congo, which is home to almost 60 percent of the world’s supply of cobalt, a rebel symbol rubber stamp cufflinks mineral expected to be in demand for batteries used in electric vehicles..

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