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Nissan board to vote on Ghosn's dismissal; decide fate of alliance today

Amid growing uncertainty over the future of the alliance, finance ministers of Japan and France are due to meet in Paris on Thursday to seek ways to stabilise it

Reuters  |  Tokyo 

Nissan Motor Co will hold a board meeting on Thursday to oust Chairman Carlos Ghosn after the shock arrest of its once-revered leader, starting what could be a long period of uncertainty in its 19-year alliance with Renault. The Franco-Japanese alliance, enlarged in 2016 to include Japan's Mitsubishi Motors, has been rattled to its core by Ghosn's arrest in Japan on Monday, with the 64-year-old group chairman and industry star accused of financial misconduct. Ghosn had shaped the alliance and was pushing for a deeper tie-up including potentially a full Renault-Nissan ...

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First Published: Thu, November 22 2018. 08:55 IST