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00:00:00
>> Nissan has officially fired its chairman and former Chief Executive, Carlos Ghosn. The company's board met on Thursday at Nissan's headquarters just outside Tokyo, Ghosn was axed after he was arrested over alleged financial crimes. The auto maker's boss is alleged to have under-reported his salary. Nissan says company money was also spent on homes for Ghosn around the world.
00:00:27
Reuters' Mayu Yoshida was at Nissan headquarters. She says the big question is, what happens to Nissan's alliance with Renault, where Ghosn was also Chairman?>> Right now Renault is a major shareholder of Nissan holding 43% of it's shares, while the Japanese automakers has only 15% of the French automaker.
00:00:47
And we've been hearing that Carlos Ghosn was pushing for a Nissan-Renault merger deal before his arrest, and the French government is on the back of Renault. So Nissan was reportedly looking for ways to stop this merger, and instead wanted to gain more control over this alliance, because Nissan is the profit driver of this alliance, and a more global automaker.
00:01:07
>> Ghosn is held here at Tokyo Detention Center. It's notoriously spurting with tiny unheated cells bear of almost all furnishing. And with him is Senior Executive Greg Kelly with whom he's alleged to have conspired. On Thursday, Japanese and French ministers will meet in Paris to discuss what happens next.
00:01:28
France has a direct say as a major shareholder in Renault. Both sides have said they want the two companies alliance to continue.