Saturday , January 22 2022

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NEW YORK – arrested Carlos Ghosn. Their fate is now in the hands of Japanese prosecutors and the directors of three leading and world-leading automotive companies.

Gosn, president of Nissan, Renault and Mitsubishi Motors, was arrested on Monday by Japanese authorities after an internal investigation in Nissan revealed "significant acts of misconduct."

It was a striking time for one of the leading names in the global automotive industry, which is credited with turning around the business situation of Nissan and Renault. The shares of these companies have collapsed with the news.

Lee: Why is Carlos Ghosn's scandal involved in inappropriate practices in Nissan?

It is expected that more details will appear clearly in the next few days regarding alleged illegality committed by Ghosn. Nissan said they had reported less than their compensation, as well as the misuse of assets and the company. Pawn still has to answer the allegations.

Keeping it has caused a crisis that covers several continents. He is the hub of a powerful alliance between Nissan, Renault and Mitsubishi, who together make one in nine cars sold in the world.

The allegations against Ghosn

Nissan said Monday that he had had a four-month investigation to Gosn, 64, and another member of the board after receiving an unknown tip.

The company found that Ghosn and Greg Kelly had reported less than Ghosn doing in the reports filed with the Tokyo stock exchange.

Lee: Who is Carlos Ghosn, who was arrested for "misconduct" in Nissan?

Prosecutors say that the two alleged men are working together to report a Spin-down income from around 5 billion yen (44 million dollars) over a five-year period ending in March 2015. The highest penalty in Japan on for submission There is a fake financial report up to 10 years in prison and a fine of 10 million yen ($ 89,000).

Nissan said he had also discovered "a number of other significant misconduct actions," including personal use of company assets and the company's budget misuse.

The Nissan inquiry into Ghosn's alleged irregular behavior expands to include the Renault-Nissan agreement funding, sources told the news agency Reuters

CNN has not been able to contact Ghosn, Kelly or their representatives for comments on the allegations.

Nissan, Mitsubishi and Renault, are in operation

After arresting, it seems that everything says that Ghosn will be removed from his post at Nissan, Mitsubishi and Renault.

CEO Nissan, Hiroto Saikawa, said the company would have to meet Monday to reject Ghosn and Kelly from the board of directors.

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Mitsubishi said he had launched an internal investigation and will ask the board of directors to "dismiss" soon as president.

Renault said that his board of directors met on Tuesday night to discuss the administration of the company after the arrest of Ghosn.

Demolition of shares of the three companies. Renault closed with losses of more than 8% on Monday. In Tokyo, Nissan shares reduced 5.5% on Tuesday, while those of Mitsubishi dropped by 7%.

League at risk

Hope is the strategic league architect between the three automakers. The company has allowed companies to compete well against electric housing in the automotive industry such as Volkswagen, Toyota and General Motors.

Nissan, Renault and Mitsubishi have integrated well. Many of the chief executives in the league report to three different Executive Officers, but it is a bit that combines everything.

"It was the league," said Rebecca Lindland, senior car analyst at Cox Automotive. "He was the creative genius behind this and set the parameters for managing the extremely different companies."

After Ghosn's news bomb, there are concerns that the alliance could end. Much depends on whether the three companies can agree on how to deal with the allegations against Spell and agree a reset. For now, they say they are committed to the alliance.

The automakers may have the opportunity to compete in isolation in case the league breaks down. The automotive industry is under intensive pressure to develop autonomous cars and autonomous cars for the mass market.

The special case of France, that arresting Gosn could have a special meaning. The French government owns 15% of Renault shares.

Today, Mr. Hope to lead the company clearly

Bruno Le Maire, French Finance Minister

Le Maire told Radio Info France that he would ask Renault representatives to establish a new temporary leadership in the company.

The news dominated media coverage in the country. Four of France's leading newspapers captured Gosn on their coverings on Tuesday with headings such as "Items Thrawned" and "The Fall of the Emperor Charles Ghosn".

Yoko Wakatsuki, Jethro Mullen, Charles Riley, Saskya Vandoorne, Daniel Shane and Chris Isidore contributed to this report.

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