TOKYO— The Latest on Nissan Motor Co.’s Chairman Carlos Ghosn and allegations he underreported income. (all times local):

10:30 p.m.
Nissan Motor Co. CEO Hiroto Saikawa says the arrest of the Japanese automaker’s chairman, Carlos Ghosn, shows power was too concentrated in one person.

Saikawa apologized profusely for the discovery that Ghosn allegedly engaged in serious financial misconduct. He was speaking to reporters at a late-night news conference Tuesday at the company’s headquarters in Yokohama.

Continue reading TOKYO | The Latest: Nissan Ceo Saikawa says Ghosn had too much power at STL.News.