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Nissan chairman Carlos Ghosn. Photo: Vincent Isore/IP3 via Getty Images

Nissan Chairman Carlos Ghosn has been arrested on allegations of under-reporting his income to the Tokyo Stock Exchange "over many years" and utilizing company assets for personal use. The company's board will meet Thursday to seek his removal.

The big picture: For most of his career, 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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The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after sheltering with maskless colleagues during last week's deadly Capitol riot. But he did not specify whether his diagnosis was connected to the siege.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.