NISSAN: Carlos Ghosn sacked by the board

Nissan’s board has voted to dismiss Carlos Ghosn as chairman following his arrest over allegations of financial misconduct.

He has been accused by Nissan of under-reporting his salary and using company assets for personal use.

But some see it as part of the firm’s attempt to rebalance power in its alliance with Renault and Mitsubishi, which Mr Ghosn also chairs.

The 64-year-old was the architect of the tie-up between the three firms.