Nissan

Former Nissan chairman Carlos Ghosn leaves jail after posting bail

Carlos Ghosn has been charged with financial misconduct.
Photo: ERIC PIERMONT/AFP/Getty Images

Former Nissan chairman Carlos Ghosn was released from a Tokyo Detention House in Japan early Wednesday, after posting bail.

The big picture: Ghosn was the architect of the Renault-Nissan-Mitsubishi Alliance — the largest carmaker in the world before his arrest in November for alleged financial misconduct. He denies any wrongdoing and had two previous requests for bail rejected. Prosecutors appealed his latest bid Monday, but he won his latest attempt to post bail — set at one billion yen ($8.9 million, Reuters news agency reports.

Nissan blames Brexit for decision not to build SUV in U.K.

A Nissan assembly line in Morocco. Photo: Fadel Senna/AFP/Getty Images

Nissan confirmed Sunday that a new SUV model that was originally planned to be built in a factory in northern England will instead be built in Japan, blaming uncertainty due to Brexit, per the BBC.

Why it matters: The decision means that hundreds of jobs planned for the Sunderland plant — an area of England that voted heavily to leave the European Union in 2016 — won't come to fruition. And it reflects a wider trend across the business world as corporations seek to move away from areas of global chaos, highlighted by Dyson's recent decision to move its global headquarters from the U.K. to Singapore.

Go deeper: Corporations are fleeing global chaos

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