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France moves to oust Ghosn from Renault, defends alliance with Nissan

Renault has been weakened, which make it all the more necessary to act quickly

Reuters  |  Paris | Tokyo 

France moved on Tuesday to oust Carlos Ghosn from the helm of Renault a day after his arrest in Japan on financial misconduct allegations but sought to defend the carmaker's alliance with Nissan, which has been rocked by the scandal. Ghosn, one of the best known leaders in the car industry, was arrested on Monday after Nissan Motor Co said he had engaged in wrongdoing, including personal use of company money and under-reporting how much he was earning, for years. The Japanese carmaker plans to remove him as chairman on Thursday. "Carlos Ghosn is no longer in a position ...

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First Published: Tue, November 20 2018. 15:41 IST
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