Nissan and Mitsubishi stocks tank in Asian trade following Ghosn's arrest

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Carlos Ghosn, who is chairman of Nissan and a board member at Mitsubishi, was arrested Monday in Tokyo on allegations of financial misconduct.

 

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Ghosn received $9 million improperly from Nissan-Mitsubishi JV: companiesArrested auto executive Carlos Ghosn improperly received 7.8 million euros ($9 m... When you consider how much they already make & have, its pretty pathetic. This is a flagrant defamation onslaught and character assassination of a real maverick who turned around and recreated the fate and future of auto industry. Long live Ghosn, a hero from my country. We proudly stand by you.
Source: Reuters - 🏆 2. / 97 Read more »

A giant of the car industry is accused of financial misconductAfter Carlos Ghosn, will the Renault-Nissan-Mitsubishi alliance endure? So? Hmmm, If Nissan can’t back up its allegations this will get even uglier! This tragedy represents the french weakness....... EmmanuelMacron do your job and save carlos Ghosson who has saved the french Car industry from bankruptcy.... spectatorindex Le_Figaro FT tictoc CNBC CNN francediplo_AR afpfr France24_ar
Source: TheEconomist - 🏆 6. / 92 Read more »

A giant of the car industry is accused of financial misconductAfter Carlos Ghosn, what will survive of the Renault-Nissan-Mitsubishi alliance? Here’s my shocked face. 😶 Having lived in Brazil and worked at Ford WHQ, I was always a huge fan. This is scary. We were debating 'why', and think it may have just been 'we are too powerful for oversight'. Unfortunately common in both Brazil and the United States. Very sad. Carlos Ghosn was planning a merger between Nissan and Renault. Japanese board members refused the plan. Is there a link with these accusations ? Nissan, Renault and Mitsubishi alliance became the largest car manufacturer worldwide last year.
Source: TheEconomist - 🏆 6. / 92 Read more »