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The board will meet later on Tuesday, a company spokesman said. It will discuss temporarily replacing Ghosn while he remains in detention in Japan sources familiar with the matter told Reuters. Le Maire said he would contact his Japanese counterpart over the matter, and reiterated that France’s priority was to ensure the stability of the Renault company. Le Maire added that Renault’s partnership with Nissan was in the interests of both France and Japan and of both companies rose gold monogram cufflinks uk sale. “Renault has been weakened, which make it all the more necessary to act quickly,” said Le Maire..

PARIS (Reuters) – The board of French carmaker Renault (RENA.PA) will on Tuesday discuss temporarily replacing Chairman and Chief Executive Carlos Ghosn while he remains in detention in Japan over alleged financial misconduct at alliance partner Nissan (7201.T), sources familiar with the matter told Reuters rose gold monogram cufflinks uk sale. The Renault board will meet later in the day, a company spokesman confirmed, declining to elaborate on the agenda. Nissan has moved to oust Ghosn as its chairman this week after an investigation found evidence of serious financial misconduct, leading to his arrest in Tokyo on Monday. The French government, Renault’s biggest shareholder, called on Tuesday for an interim management structure to be put in place..

TOKYO (Reuters) – Nissan Motor Co’s shares fell nearly 6 percent on Tuesday as Chairman Carlos Ghosn’s arrest a day earlier sent shockwaves through the business world and threw into doubt the future of Japan’s No.2 automaker and its global alliance rose gold monogram cufflinks uk sale. Nissan said on Monday an internal investigation triggered by a tip-off from a whistleblower had revealed that Ghosn engaged in wrongdoing including personal use of company money and under-reporting for years how much he was earning. He was arrested and would be fired from Nissan’s board this week, it said..

Ghosn is also chairman and chief executive of Nissan’s French partner, Renault, and chairman of Japan’s Mitsubishi Motors Corp, the third partner in the alliance. Ousting Ghosn will pose questions about an alliance that he personally shaped and had pledged to consolidate with a deeper tie-up, before eventually stepping back from its operational leadership rose gold monogram cufflinks uk sale. It also brings into focus the future of Nissan – the biggest partner in the alliance – at a time it is seeing falling profits due to weak U.S. sales and is facing heightened competition from rivals who are investing heavily in new growth areas like internet connected cars and self-driving vehicles..

Ghosn’s alleged improprieties also raise questions over governance at the alliance in which the three partners’ boards are all chaired by a single executive. One Nissan headquartered manager told Reuters he was concerned decision making at the alliance, which vies with Volkswagen AG (VOWG_p.DE) and Toyota Motor Corp for the ranking of the world’s biggest automaker, could slow due to the lack of a unifying figure. The manager, who declined to be identified as he was not permitted to speak to the media, said he was also worried Ghosn’s departure could hit sales as fans of the charismatic leader abandon the company and corporate customers bound by compliance rules put orders on hold due to the scandal rose gold monogram cufflinks uk sale.