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The board & # 39; Mitsubishi Motors decide whether to eliminate Ghosn



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Yuri Kageyama, The Associated Press

Published Sunday, 25 & # 39; November, 2018 11:35 ET

TOKYO – The board & # 39; Mitsubishi Motors is meeting & # 39; Monday to decide whether to deny Carlos Ghosn as president in the Japanese automaker, which is linked to & # 39; Renault-Nissan.

Ghosn was arrested a week ago on suspicion of & # 39; failure & # 39; its revenue reporting b & # 39; & # 39 million, dollars for five years. Nissan Motor Co., already put him as its president, said an internal investigation found that Ghosn misused money and the company's assets.

Mitsubishi Motors Corp. said seventh & # 39; members of the board & # 39; eight members will meet later in the day.

The arrest & # 39; Ghosn at 19 & # 39; November marked reduction & # 39; stunning for executive dominated the Japanese automotive industry for twenty years and led alliance & # 39; Nissan does & # 39; & # 39 Renault SA; France.

Ghosn also oversaw the addition of & # 39; Mitsubishi alliance. Nissan took part of & # 39; 34 percent in & # 39; Mitsubishi in 2016.

The prosecutors & # 39; Tokyo are complaining that Ghosn to report b & # 39; low as its entry b & # 39; 5 billion yen (US $ 44 million) over five years.

It is not possible to obtain comment from Ghosn about the charges. Japanese media, citing unidentified sources to report that Ghosn and Greg Kelly, executive who was arrested with & # 39; suspect & # 39; & # 39 collaboration with; Ghosn, asserts their innocence.

Ghosn Neither Kelly nor were indicted.

Under Japanese law, a suspect can & # 39; custody suspected to three weeks per charge without any charges filed.

Renault kept to Ghosn as chief executive. There is little opposition is expected in & # 39; Mitsubishi, because the shape of the board, to issue & # 39; Ghosn.

The board consists of Ghosn, CEO Osamu Masuko Mitsubishi Motors, Nissan two persons, two of the Mitsubishi group and two foreign companies – writer and academic.

There is a growing concern about the future of the alliance between Renault and Nissan. The future & # 39; the alliance with & # 39; Mitsubishi, which is more recent, can & # 39; is even more precarious.

The alliances often benefit automakers because they share technology, the car parts and the supplier networks and sales volume of sales tends to lower costs.

Analysts say that such a division is growing in importance in & # 39; in recent years, as companies develop electric vehicles, net artificial intelligence and connectivity for autos.

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