normal day as the employees from nissan head into work but in reality it's the day after their boss carlos goan was arrested put it in we're pretty tough and i'll stick with bones the rest is regrettable as he's the one who helped nissan turn around its business. last night i hope management can work hard to regain the public's trust most of it almost what i take the place of. trust that carlos ghosn is accused of abusing the superstar auto manager is said to have under reported his income for several years and to have misused company money from asia to europe the news has had a ripple effect guns alliance is a major force on the global automotive market and. i understand that nissan chairman carlos ghosn was arrested it is extremely regrettable that we are seeing a development like this. i declined to comment on details of his case as prosecutors investigations are underway regarding its impact on the economy the japanese government will closely watch this development. beyond any potential economic consequences many japanese say they've experienced a sense of betrayal after the revelations. we

and japanese authorities arrest carlos goans the joint chairman of the song they're questioning him for allegedly underreporting millions of dollars of income. and in tennis the new kid on the court twenty one year old german alexanders writer of wins the a.t.p. finals for the first time he beat world number one novak djokovic edge will bring you all the highlights from a dramatic match. i brought. thomas welcome and thanks so much for joining us we begin in hong kong where the trial has started against the leaders of large scale pro-democracy protests now if convicted they face seven years in prison more than one hundred democracy activists gathered outside the court room to show their support for the defendants carrying the umbrellas a dent a fight with their protests four years ago tens of thousands took to the streets for nearly three months to protest against political interference by china in hong kong's elections. all the defendants have pleaded not guilty guilty the trial is set to last for about three weeks we met with one man who's could be spending years in prison before he w

carlos goan was also chairman of renault, its put another executive temporarily in charge.ry of alleged crimes. but there's a corproate context too. this piece by david fickling on bloomberg highlights that there was rising opposition within nissan to some of the decision that carlos goan was taking. bill blain is a financial markets commentator, here's his take on it. thatis that is not playing properly. the next clip i will play comes from the bbc tokyo correspondent rupert hayes. nissan's chief executive hiroto saikawa has got what he wanted. he got a unanimous decision by the nissan board of directors to get rid of carlos ghosn as chairman. it took longer than we expected, but it is the decision that everybody thought would come. that leaves in question now, what happens to this alliance, particularly between nissan here, and renault in france. becase it is an estranged relationship, and a strange relationship. renault really controls nissan through a 43% shareholding that it got back in the early 2000s when it rescused the company, but today nissan is the bigger of the

from the apec summit and the region and staying in asia nice on motor company has forced chairman carlos goan out after he was arrested he was arrested for alleged financial crimes nissan says internal auditor it discovered evidence of efforts by mr goen to mislead his colleagues at nissan quote over many years before today the brazilian born executive was most well known for his reputed reboot of nissan and french automaker renault mr going personally chair the corporate partnership between the two as well as serving.

carlos goans career appears to be collapsing however he is suspected of underreporting his income by several million euros over a five year period as well as misusing company assets for personal gain could face up to ten years in jail if he's found guilty for more on the story let's bring in our he's a professor of strategic management management at warwick business school in the u.k. and a commentator on the car industry program christian we've seen that this is a very complex alliance with the much smaller rental having a big say much larger nissan do you think it's possible that mr golems downfall is politically motivated to shift the division of power in favor of the japanese. well at the moment this is pure speculation but it's possibly what i do think would be surprising if. you need to have a known about these dealings and their arrangements for years you have you thought too long to go the whole big false story where in the beginning there was always an attempt to blame in a few on the roof. executive if so what's the engineers but it became more and more clear that it was wi

meeting scheduled to kick off in about an hour from now and expectations are that nissan will oust carlos goan after he was unexpectedly arrested earlier this week over suspicions over financial misconduct now among other things he's accused of underreporting forty four million dollars of his salary over several years mr gone has been heading a complex conjunction of car makers nissan rental and mitsubishi any addiction could raise questions about the future of the world's biggest automotive ally. carlos ghosn has plunged from the plush the roundings of his executive suite to a spartan cell behind the walls of this tokyo jail. rumors that nissan executives were behind his fall from grace spread from france to japan as fast as global media could. do gooder one third the sort of the who did top by nissan those who do. like it denounced him internally to make him. a journalist caught up with nissan c.e.o. he. in front of his house they were eager to hear if in fact had been working on a complete reno nissan merger before his arrest. i haven't heard that. karl is going is one of the most successfu

and last time we told you about the chairman of nissan motor company carlos goan being arrested related to financial crimes and being pushed out as chairman of the company needs some auditors found evidence of efforts by mr going to mislead his colleagues at nissan for many years but there's more to the story here discusses lauren fix the car coach lauren welcome this is a pretty wild story what do you know it is well you know it's very interesting suddenly out of the blue a guy who runs three car companies not one but three he runs reno he's a partnership with mitsubishi and nissan here in the u.s. i think there's a lot more than meets the eye if this guy carlos ghosn who i've met many times was actually stealing money or they're saying that wasn't that they're saying that he didn't offer his proper salary he doesn't do that himself the accountants notify the salary of each executives it goes to the f.c.c. it goes to all the different stock markets so that would be on the financial institutions and this is very interesting and doesn't make a lot of sense. but i'm curious about this i m

from the apec summit and the region and staying in asia nissan motor company has forced chairman carlos goan out after he was arrested he was arrested for alleged financial crimes nissan says internal auditors discovered evidence of efforts by mr groan to mislead his colleagues at nissan quote over many years before today the brazilian born executive was most well known for his reputed reboot of nissan and french auto maker renault mr go on personally chaired the corporate partnership between the two as well as serving as renault's c.e.o. . and speaking of that renault nissan partnership french president emmanuel mccrone has been compelled to restate official support for the project the increasingly unpopular former investment banker told media in brussels that as a shareholder whoever the french government will remain extremely vigilant regarding the stability of the alliance the renault group and its employees who have the full support of the state. as the holiday season is upon us and black friday approaches we now move to discuss an incredible industry of more than four hundred sixty bil

well our top story in business today is following the arrest of the nissan boss carlos goan in tokyo, the the renault—nissan—mistibushi alliance. the french state has a 15% stake in renault. members of renault‘s board of directors are expected to meet today. shares in the car maker fell a further 2.5% today after falling 8% yesterday when that news first broke. earlier we spoke to professor peter wells, who told us that he expects more investigations into the activities of carlos ghosn. more investigations into the activities of carlos ghosnlj more investigations into the activities of carlos ghosn. i think activities of carlos ghosn. i think a retrospective investigation will now be ongoing within all of the companies which make up the alliance, including the company in russia where carlos ghosn has been involved. and this will go back several years probably to make sure that nothing similar has happened elsewhere within the entire corporate empire. he has been that alter the alliance in so many rules and it is going to be quite an important issue for the company to deal with. partic

the nissan board foot it unanimously to dismiss carlos goan in marked contrast to renault.kfein held a in 2012 with the malaysian financier allegedly at the head of the 1mdb scandal. investigators are looking at this as a criminal investigation. raised says money was for 1mdb without knowing it would be diverted. pushing authorities to allow irish shares to settle -- continue settling even with a brexit deal. u.k.-basedies on operations to settle trade. the service could be unable to operate once the u.k. loses passport rights. reportedlyent is contacting key allies to avoid using equipment from china. briefed inave been japan and germany and italy. has longse company been labeled a security risk by u.s. lawmakers. austrian in oil and gas is said to be competing for a stake value in a refinery union -- unit. it is said to be investing $8 billion, but a deal may not be announced until next year. traders will hit their desks after thanksgiving, so of turkey and good cheer. they will be on the hunt for bargains. but our question is where the biggest market discounts are to be

also coming up the board of nissan fires its chairman carlos goans that's after his shot.

well it looks as if carlos goan is facing a very tense week indeed he is under arrest in tokyo and the japanese carmaker nissen says that it's going to consider whether or not to stand down the sack him as their chairman on thursday as a board meeting they announced last in a press conference a bit earlier on monday now what they are alleging is the color school in one of the world's biggest names in the motor industry chairman of mitsubishi motors chairman of the now chief executive of renault the french carmaker they're looking at whether or not he used company materials and money for his own financial benefit and gain this and have been investigating him for the past few months they have revealed that it was a whistle blower that tipped them off and that's what sparked their investigation they've now passed on all the information and documents to japan's public prosecutor to look into it further so incredibly shocking new piece of news for anyone who's interested in the car industry as i said because he is just such a big name in the car world yes ok thank you natasha very interesti

the company is saying is that their board of directors is going to decide whether or not to sack carlos goan at a meeting on thursday it's extremely big news and this one says that all of this came about because a whistleblower sent them a report some time ago suggesting that gold was misusing company assets and money for his own gain well the japanese carmakers now handed over all its information and documents to japan's public prosecutor and as you say karl is going under arrest in tokyo what's going to say about all of this. or have not heard from carlos ghosn yet but there is no doubt the shock waves are reverberating around the global motor industry in fact here in paris we saw shares in renault plunged more than twelve percent at opening trade on monday we've also heard from the french president him at all michael he's on a visit to belgium but he was asked about this story the french state is of course a big show shareholder and renault and he said that france will be watching this very carefully indeed colors going as a major figure in the motoring world he's someone whose chief exec

carlos goan is chairman of nissan, renault and mitsubishi.the mastermind of that alliance and it sold more cars in 2017 than any other manufacturer in the world. he was even immortalised in a well—known japanese comic book. this is an enormous story there. but also in europe, too. particularly in sunderland in the north of england where nissan runs one of the biggest car plants in europe. and in paris, where renault is headquarted. and this is what happened on the paris stock market — renault shares fell sharply. picking up a little bit but remaining low. this is such an important story, president emmanuel macron has been commenting. translation: the state, as a shareholder, will be extremely vigilant concerning the alliance and with the group itself, we will be extremely vigilant regarding the stability for all its staff. the state will provide all support to the employees. our business reporter leisha santorelli told me what we can expect now that mr ghosn is behind bars. at the thursday board meeting, mr ghosn is going to be ousted from ni

following the arrest of carlos golan who is accused of trying to ensure misconduct chief operating officer. will take over for goan he will also serve as chairman of both nissan and mitsubishi motors mr blewitt is taking the reins during a difficult time the financial times reports that mr gold was planning a merger between i know nissan but the japanese company was opposed to the deal and all said mr grown would remain as c.e.o. and sees him as quote only temporarily in capacity. and it's a potion of patients that's what people in the united states will need as the thanksgiving weekend is approaching travelers are on the move all over the country trains and roads are already overcrowded before the holiday on thursday domestic flights are completely booked millions of people are looking to spend thanksgiving with their families and friends wall street investors will receive a short breather from. the plummeting numbers on the stock markets the u.s. and strangers are closed thursday they will reopen on friday. and a reminder of the top story we're following for you at least poppins government is preparing for a sho

carlos dolan has been arrested on suspicion for underreporting his income and engaging in what the company called other quote significant misconduct the sun c.e.o. said he had called a board meeting for thursday to approve goans dismissal as chairman of the company for allegedly understating his salary by forty four million dollars over five years starting in twenty eleven he was seen as a star car manager credited with leading a dramatic turnaround over the last two decades. and he's in just a good car and was formally regarded as one of the most dazzling managers in the automotive business after all he has the partnership of graham no make that b.c. i'm missing under his belt but he's been under investigation for a month now the japanese carmaker has an internal investigation shows under reported his income for several years he's also said to have used company money privately. newfound c.e.o. who wrote a psychotic says the alleged violations involve millions of dollars going to continue because there are problems in terms of governance when the top of brando is concurrently serving as the top business on with forty three percent of the shares of one person who has too much authority that was the problem. i

also on the program renauld makes crucial decisions after carlos goans arrest over alleged financial misconduct it's keeping him as c.e.o. . and indonesia's young population is building on a strong internet infrastructure empowering entrepreneur talk to some of the. it's time for business on the w m how you know to get us welcome to the program tech stocks are heavily losing market value on the trading floor of some compare it to a bubble others say it's nothing to worry about the developments originated of course in the u.s. where the big names are under pressure but repercussions are global stock market slide driven by some of the biggest names in.