"I will call a board meeting to make a proposal to remove him from the position of chairmanship and approve it," Saikawa told a news conference. Saikawa said he believed that Ghosn and Nissan's Representative Director Greg Kelly were both under arrest, as local media earlier reported.
"These two gentleman are arrested this evening, that's what I understand," said Saikawa. Ghosn's detention sent shockwaves through the auto industry, where he is a towering figure who is credited with turning around several major manufacturers and leads an alliance of Nissan, Renault and Mitsubishi. Nissan's CEO insisted the arrest would not affect the alliance, as French President Emmanuel Macron warned Paris would be "extremely vigilant" about the stability of Renault and the three-firm alliance after Ghosn's arrest.
France owns a 15 percent stake in Renault.
"The partnership among the three entities will not be affected by this event, rather we will closely work together with all the partners to contain any possible confusion," said Saikawa. Saikawa said that too much power had been concentrated in one executive. In an earlier statement, Nissan said it had begun investigating Ghosn and Kelly after receiving a whistleblower report and had uncovered misconduct going back several years. Saikawa added the internal investigation was ongoing and that he hoped the issue would not have an impact on Nissan's brand.
The Tokyo prosecutor's office had no comment on the reports about Ghosn. Mitsubishi and Renault also declined comment.
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