Powered by

In wake of Nissan scandal, France calls for 'interim governance' at Renault

Nov 20, 2018 - Washington Post Blogs

PARIS - French Finance Minister Bruno Le Maire called Tuesday for an "interim governance" structure to be put in place at Renault while the financial dealings of auto executive Carlos Ghosn are investigated.

Ghosn was arrested Monday in Japan, where he serves as the chairman of Nissan. The Japanese automaker announced that Ghosn would be dismissed because of "significant acts of misconduct" that allegedly included underreporting his salary and using company assets for personal benefit.

Ghosn, a Brazilian-born French citizen of Lebanese descent, also serves as chairman of Mitsubishi Motors and chairman and chief executive of Renault. Ghosn was instrumental in helping forge an alliance among the three compa...