You are here: Home » International » News » Markets
Business Standard

Nissan shares fall on Carlos Ghosn's arrest over financial misconduct

Nissan shares fell to a low of 940 yen and were trading down 5.5 per cent at 950.7 yen

Reuters  |  Tokyo 

Shares of Nissan Motor Co fell 6 per cent early on Tuesday, a day after the arrest of Chairman Carlos Ghosn sent shockwaves through the business world and threw into doubt the future of Japan's No.2 automaker and its global alliance. Nissan said on Monday Ghosn was arrested for alleged financial misconduct and would be fired from the board this week. Ghosn is also chairman and chief executive of Nissan's French partner, Renault. Ousting Ghosn is bound to raise questions about an alliance that he personally shaped and had pledged to consolidate with a deeper tie-up, before ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, November 20 2018. 06:51 IST