Shock Ghosn arrest throws motor alliance into turmoil

Carlos Ghosn, a towering figure who saved Nissan from collapse and brought it together with Renault and Mitsubishi, was detained on Monday in Tokyo over the suspected breach of Japanese financial laws

Nissan shares slump after Ghosn arrest. Pic: Getty

Japanese car maker Nissan is to remove Carlos Ghosn as chairman after he was arrested in Tokyo for violations of financial law, throwing the motor industry’s largest global alliance into turmoil.

Ghosn, a towering figure who saved Nissan from collapse and brought it together withRenault and Mitsubishi, was detained on Monday in Tokyo over the suspected breach of Japanese financial laws, Nissan chief executive Hiroto Saikawa told reporters in Yokohama, Japan. Ghosn and ...