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>> Carlos Ghosn has been denied bail once again, even after offering to wear an ankle tag in an unusual bid to win his release. The former Nissan boss is under arrest in Japan for alleged financial crimes. On Tuesday, a Tokyo court rejected his request for bail, which is rarely granted in Japan without a confession.
It's been a two-month ordeal for Ghosn, with his first plea for bail being denied. The court said he was a flight risk. So this time, Ghosn offered to wear the ankle tag, hire guards to monitor him and to post his stock at Nissan as collateral. Ghosn still denies any wrongdoing.
Bail would mean he'd get to defend himself before the board of another car company, Renault, where he's still Chairman and CEO. Renault and Nissan are part of a three-part alliance with Mitsubishi. And before his arrest, Ghosn had been pushing for deeper ties between Nissan and Renault, up to a complete merger.
Reportedly the French government itself is pushing for that too. It's the largest shareholder in Renault. Nissan CEO Hiroto Saikawa says he's not aware of such a push and that a merger isn't on the table, at least for now.>> We can't have further discussions between the boards of Nissan and Renault unless Renault decides their stance.
>> Meanwhile, Renault's board is expected to meet in the coming days to try and find a replacement for their chairman.