Tokyo — Mitsubishi executives ousted Carlos Ghosn as chair on Monday following his shock arrest for alleged financial misconduct, capping a stunning fall from grace for the tycoon credited with saving the scandal-hit Japanese firm. The move follows Ghosn's sacking as chair of Nissan as he faces questioning in a Tokyo detention centre over claims he under-reported his salary to the tune of $44m over several years. "During today's board meeting, it was decided that he is dismissed as chairman," the firm said in a statement following a gathering that lasted just over an hour. The Brazil-born Frenchman rode to Mitsubishi's rescue in 2016 when the firm was battered by a fuel-efficiency cheating scandal, tying it to his Nissan-Renault alliance and turning its fortunes around. Together, the three-way alliance is the world's top-selling car company, with about 10.6-million vehicles rolling off the production line. It employs around 450,000 people worldwide. But the future of the tie-up is n...

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