YOKOHAMA, Japan  — Nissan Motor Co.’s high-flying chairman Carlos Ghosn was arrested Monday and will be dismissed after he allegedly under-reported his income and engaged in other misconduct, the company said Monday.

The Japanese automaker’s CEO Hiroto Saikawa confirmed that Ghosn was arrested after being questioned by prosecutors following his arrival Japan earlier in the day.

It was a stunning development that left employees “bewildered” and fellow executives shocked and will pose a daunting test for the Nissan-Renault-Mitsubishi alliance, one of the world’s biggest automakers.

Continue reading YOKOHAMA, Japan | Nissan Chair Ghosn Dismissed, held on misconduct charges at STL.News.