Nissan chairman’s arrest rocks car industry

Nissan will remove Carlos Ghosn as chairman after he was arrested in Tokyo for violations of financial law, throwing the car industry’s largest global alliance into turmoil.

Mr Ghosn, a towering figure who saved Nissan from collapse and brought it together with Renault and Mitsubishi Motors, was detained over the suspected breach of Japanese financial laws, Nissan chief executive Hiroto Saikawa told reporters.