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The court did not give a reason for the denial.

The revamped model of the brand’s iconic flagship sedan is among its most expensive vehicles.

Nissan's leadership wants some changes to occur in Renault before a closer alliance is considered.

Ghosn, 64, and in custody since his Nov. 19 arrest, is due for a bail hearing Monday after his bail request was denied by a Tokyo court last week.

Ghosn, charged with three counts of financial misconduct, has been detained in Tokyo since his arrest on Nov. 19.

Tesla plans to increase production of its crucial Model 3 sedan.

"The governing bodies of Renault are actively working to find the best solution for the future governance of the group."

The No. 2 U.S. automaker said it could see improvement in 2019 earnings and revenue.

The two automakers also said they will investigate collaborating on autonomous vehicles, mobility services and electric vehicles.

The plan will create 1,000 new jobs, as well as supporting roles at parts suppliers, the company said in a press release.

“My biggest fear is tariffs,” said Toyota North America CEO Jim Lentz.

Ghosn's Nov. 19 arrest and subsequent dismissal by Nissan has deepened tensions with 43.4 percent-owner Renault.

Toyota still has faith in passenger cars, said North America CEO Jim Lentz.

Smaller or nonexistent tax refunds could hurt consumer demand for vehicles during a traditionally strong season for the U.S. auto industry.