Carlos Ghosn arrest: What we know and what’s next

Carlos Ghosn has been arrested. His fate is now in the hands of Japanese prosecutors and the directors of three of the world’s top car companies.

Ghosn — the chairman of Nissan, Renault and Mitsubishi Motors — was detained Monday by Japanese authorities after an internal investigation at Nissan revealed “significant acts of misconduct.”
It was a stunning turn for one of the biggest names in the global auto industry who is credited with turning around the businesses at both Nissan and Renault. Shares in the companies plunged on the news.

More details are expected to emerge in the coming days and weeks about Ghosn’s alleged wrongdoing. Nissan said it includes significantly under-reporting his compensation and misusing company assets. Ghosn is yet to respond to the allegations.
His arrest has unleashed a corporate crisis that spans continents. He’s the linchpin of a powerful alliance between Nissan (NSANY), Renault (RNSDF) and Mitsubishi (MMTOF), which together make one of every nine cars sold around the world.

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