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Nissan Says Chairman Arrested for Financial Misconduct in Japan

Shares in automakers Nissan, Mitsubishi and Renault fell sharply Tuesday after the arrest of executive Carlos Ghosn on allegations of "significant acts" of financial misconduct. All three firms are considering replacing him as chairman. Nissan, one of the world's biggest automakers, said Ghosn falsified reports about his compensation "over many years" and that its internal investigation also found he had used company assets for personal purposes. Japanese...

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