Die Planung » Nissan's board will meet Thursday to

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Nissan chairman Carlos Ghosn faces being fired this week after being arrested in Japan over allegations of financial misconduct, the firm said Monday, in a stunning fall from grace for one of the world's best-known businessmen.


Ghosn's arrest and his likely dismissal from Nissan, as well as possibly from Mitsubishi and Renault Wholesale Jerseys Free Shipping , sent shockwaves through the auto industry, where he is a towering figure, credited with turning around several major manufacturers.


Besides being chairman of Nissan, the 64-year-old is also CEO of Renault and leads the Nissan-Renault-Mitsubishi alliance.


Nissan's board will meet Thursday to decide his fate, and Mitsubishi said it would propose he be dismissed as chairman "promptly." Renault said its board would meet "shortly" after Ghosn was detained over allegations including underreporting his income.


At a hastily organized press conference Wholesale Jerseys Wholesale , Nissan CEO Hiroto Saikawa expressed "despair," but also suggested that Ghosn had accrued too much power and