Ghosn scandal could trigger a series of crises for Nissan, Renault, Mitsubishi

There aren‘t many automotive executives who can claim to have saved a company, let alone three. But now, Carlos Ghosn might also prove to be the man responsible for shattering the global alliance that transformed , and into an industry powerhouse.

A day after prosecutors arrested Ghosn and another senior Nissan executive, accusing them of serious financial irregularities, the fallout was escalating. Some auto analysts questioned whether the alliance between the three carmakers could survive the affair, leading nervous investors to pare back their holdings. U.S. traded shares of Renault have slid by about 11 percent since news of Ghosn‘s arrest in Tokyo broke Monday while Nissan‘s shares in the U.S. fell by about 6 percent.

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