Renault Slides as Nissan Seeks to Remove Ghosn From Board

(Bloomberg) -- Renault SA shares tumbled, set for the biggest one-day drop in more than two years, after NHK said Japanese prosecutors arrested Chief Executive Officer Carlos Ghosn, who is also chairman of Nissan Motor Co. Nissan said Ghosn under-reported income “over many years,” and wants to remove him from the company’s board. Renault declined to comment. To follow a blog of events as they develop, click here.

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