In 1999, Carlos Ghosn was the Renault executive vice president who was handed the mission of finding a way to fuse two automakers – nearly bankrupt Nissan and chronically underperforming Renault—into one healthy enterprise.
The Renault Nissan Alliance has proven itself to be a vibrant, stable, competitive, and pro table global mobility business.
Ghosn was arrested on Nov. 19, 2018 and indicted on charges of underreporting his income from Nissan to Japanese authorities. Within a week of Ghosn’s arrest, the boards of Nissan and Mitsubishi voted to strip him of his chairmanship.
Read the article at Fortune.