>> Nissan says it's going to take its time naming a new chairman. The Japanese automaker's board met Monday, it had been expected to name a successor to Carlos Ghosn, now detained on charges of financial misconduct. But chief executive, Hiroto Saikawa, says a special committee will decide when the time is right.
>> We'll go through the process carefully, I'm not going to ask them to rush it. The governance committee's discussion should be considered, and even if it's not determined by the end of March, that's fine.>> Nissan alliance partner Renault said Friday, it was yet to consider replacing Ghosn.
On Monday, the Japanese firm said it was time Renault took full heed of the charges against him, meanwhile details emerging of Nissan's own investigation. Reuter's sources say it focuses on the company's so called CEO reserve fund, cash from that pot allegedly used by Ghosn and his associates. It said he used it to pay for everything from luxury apartments in Tokyo and Rio, to vacations, utility bills, and even potato chips.
The Reuter's sources say money movements may have been hidden as small payments funneled through a Nissan unit in the Netherlands. Ghosn denies all charges, and Nissan hasn't officially commented on the details of the probe. The one time titan of the auto industry is still held here, the notoriously Austere Tokyo Detention Center.
It's not clear yet where he will be spending Christmas.