Equities

Reuters first to report Nissan to oust Ghosn after arrest for alleged financial misconduct

Reuters first to report Nissan to oust Ghosn after arrest for alleged financial misconduct

Reuters was ahead with news of Nissan Chairman Carlos Ghosn’s arrest on suspicion of financial misconduct and the Japanese carmaker’s decision to dismiss him, inflaming tensions with French parent Renault. Within 24 hours, Reuters exclusively reported that Nissan was expanding its internal investigation to include Renault-Nissan alliance finances, citing a private communication from CEO Hiroto Saikawa to the Renault board. Two days later, as the Nissan board met to confirm Ghosn’s dismissal, Reuters exclusively reported that Renault directors had issued a confidential 11th-hour ultimatum demanding a postponement of the decision and the appointment of new Renault candidates to the Nissan board – before backing down in the face of persuasive evidence.


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