Renault, Nissan prepare to move on as heat rises on Ghosn

Renault, Nissan prepare to move on as heat rises on Ghosn

French and Japanese officials scrambled Tuesday to reassure investors on the fate of the Nissan-Renault-Mitsubishi alliance as fresh claims emerged following the arrest of auto titan Carlos Ghosn on financial misconduct charges. Nissan and Mitsubishi shares plunged after Ghosn, chairman at both carmakers, was arrested while exiting his corporate jet in Japan on Monday for allegedly failing to declare millions of dollars in Nissan pay. Nissan has already said its board will seek to oust the architect of the three-way alliance, which combined sells more cars worldwide than any other automaker.

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Source:: Yahoo News

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