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

20th November, 2018
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.

Both Ghosn and Kelly were reporting compensation to securities regulators in Tokyo that was less than the actual amount paid, Nissan said, adding that they did this to reduce Ghosn’s disclosed compensation. Regarding Ghosn, “numerous other significant acts of misconduct have been...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

The Daily Briefing

The Daily Briefing