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Situational awareness: Longtime Nissan chairman Carlos Ghosn was arrested in Japan for allegedly under-reporting his income "over many years" and utilizing company assets for personal use. The company today plans to oust both Ghosn and director Greg Kelly, who it says has also been under investigation.

Per Axios' auto reporter Joann Muller: "For most of his career, Carlos Ghosn had this superhero mystique — a turnaround expert and automotive visionary who favored corporate alliances, not mergers, for global success. But Ghosn never came close to achieving his vision of an all-electric world and his edicts for 10% U.S. market share led Nissan to engage in unprofitable discounting and corner-cutting that led to quality problems."

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