Feb 12, 2019

Nissan cuts forecast in first results since Ghosn arrest

Japan's Nissan has cut its full-year profit forecast in its first results since former chairman Carlos Ghosn's arrest for financial misconduct. The 64-year-old has been in prison since November after Nissan accused him of understating his pay. The results are the first to be published since the arrest of its former chairman. He was sacked by Nissan after his arrest last year and resigned from Renault. Renault and Nissan have pledged to continue their alliance.

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