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Renault keeps Ghosn as CEO despite arrest in Japan

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Renault keeps Ghosn as CEO despite arrest in Japan
News

News

Renault keeps Ghosn as CEO despite arrest in Japan

2018-11-21 12:04 Last Updated At:12:10

France's Renault says it has decided to keep its CEO Carlos Ghosn on despite his arrest in Japan on allegations that he misused assets of partner Nissan Motor Co. and misreported his income.

Renault's board of directors announced late Tuesday that the No. 2 at the company, Thierry Bollore, would temporarily fill in for Ghosn.

The French automaker said it would further consolidate its alliance with Nissan. The two automakers have a partnership, also, with smaller automaker Mitsubishi Motor Corp.

A woman walks near the residential building which is believed to house the residence of Nissan Chairman Carlos Ghosn in Tokyo, Wednesday, Nov. 21, 2018.  Ghosn will remain chairman and CEO of Renault despite being detained in Japan on allegations he misused assets of partner Nissan Motor Co. and under-reported millions of dollars in income. (AP PhotoKoji Sasahara)

A woman walks near the residential building which is believed to house the residence of Nissan Chairman Carlos Ghosn in Tokyo, Wednesday, Nov. 21, 2018. Ghosn will remain chairman and CEO of Renault despite being detained in Japan on allegations he misused assets of partner Nissan Motor Co. and under-reported millions of dollars in income. (AP PhotoKoji Sasahara)

There was no update Wednesday in Tokyo from prosecutors on Ghosn's case, and no public word from Ghosn himself. It was unclear where he was being held.

The Japanese and French governments have confirmed their support for the Renault-Nissan-Mitsubishi alliance, the industry leader with 10.6 million vehicles sold in 2017.

ISLAMABAD (AP) — A gas cylinder explosion early Sunday after a wedding reception at a home in Pakistan’s capital killed at least eight people, including the bride and groom, police and officials said.

The blast occurred as guests who had gathered to celebrate the couple were sleeping at the house, causing part of the house to collapse, according to the Islamabad police. Seven people were injured.

In a statement, police said the explosion occurred in a residential area in the heart of the city. A government administrator, Sahibzada Yousaf, said authorities were alerted about the blast early Sunday and officers are still investigating. He said some nearby homes were also damaged.

Prime Minister Shehbaz Sharif expressed grief over the loss of lives and offered condolences to the victims’ families, according to a statement from his office. He directed health authorities to ensure the injured receive the best possible treatment and ordered a full investigation.

Many Pakistani households rely on liquefied petroleum gas cylinders because of low natural gas pressure, and such cylinders have been linked to deadly accidents caused by gas leaks. Police said investigations were ongoing.

Government officials survey the damage of a home caused by a gas cylinder explosion hours after a wedding reception, in Islamabad, Pakistan, Sunday, Jan. 11, 2026. (AP Photo/Ehsan Shahzad)

Government officials survey the damage of a home caused by a gas cylinder explosion hours after a wedding reception, in Islamabad, Pakistan, Sunday, Jan. 11, 2026. (AP Photo/Ehsan Shahzad)

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