News World News

Saturday 21 September 2019

Nissan dismisses chairman Carlos Ghosn amid ‘misconduct’ inquiry

The company said it was to minimise the impact on partners Renault and Mitsubishi.

A security guard stands near the logo at Nissan Motor Co (Eugene Hoshiko/AP)
A security guard stands near the logo at Nissan Motor Co (Eugene Hoshiko/AP)

By Yuri Kageyama, Associated Press

Nissan Motor has confirmed that its board of directors voted unanimously to dismiss Carlos Ghosn as its chairman after he was arrested on suspicion of falsifying financial reports and other misconduct.

The company said in a statement on Thursday that its aim was to minimise the impact from the case on its alliance with France’s Renault SA and smaller Japanese automaker Mitsubishi Motor Corp.

ipanews_5e7e1539-6e17-46a2-a173-0c5ef2fd6277_embedded218130631
Carlos Ghosn (David Parry/PA)

It said Mr Ghosn and another executive, Greg Kelly, were also dismissed as representative directors.

Nissan’s board held an emergency meeting at the company headquarters in Yokohama on Thursday.

The company said in a statement that the decision was made after the board reviewed a detailed report of an internal investigation into the alleged misconduct.

PA Media

Today's news headlines, directly to your inbox every morning.

Editors Choice

Also in World News