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Ghosn Gone as Mitsubishi Motors Joins Nissan in Ousting Chairman

  • Mitsubishi CEO cites ‘reputational risks’ in keeping Ghosn
  • Nissan wants more say in two-decade-old alliance with Renault
Bloomberg business news
The board of Mitsubishi Motors ousted Carlos Ghosn, following in the steps of Nissan Motor. Stephen Engle reports.(Source: Bloomberg)
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Within a week of his arrest, Carlos Ghosn, a towering figure in the auto industry, has been removed as chairman by two of the carmakers in a three-way global alliance.

The board of Mitsubishi Motors Corp. ousted the 64-year-old on Monday, following in the steps of its biggest shareholder, Nissan Motor Co. In contrast to Ghosn’s swift removal by the Japanese firms, France’s Renault SA has kept him on, while replacing him temporarily as chief executive officer.