Fate of World's Biggest Car Alliance Hangs on One Word: Ghosn
- Renault directors to convene to respond to CEO’s shock arrest
- Incident leaves Renault’s two-decade pact with Nissan in peril
Bloomberg’s Craig Trudell reports on the arrest of Nissan Chairman Carlos Ghosn.
Markets: The Open." (Source: Bloomberg)This article is for subscribers only.
The world’s biggest car alliance is facing its biggest challenge yet, with the arrest of its iconic chairman threatening to upend the union of automakers he forged almost two decades ago.
With Nissan Motor Co. announcing plans to dismiss Carlos Ghosn as chairman just hours after allegations against him started to emerge in Japanese media, and Mitsubishi Motors Corp. set to do the same, the focus shifts to the third partner in the carmaking triumvirate: Renault SA.