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Nissan Motor Co.

is preparing to fire Chairman Carlos Ghosn for allegedly under-reporting his income and using corporate assets for personal use, the company said Monday.

CEO Hiroto Saikawa, 65, at a press conference here said the board will meet Thursday to discuss Ghosn's dismissal.

The company also is planning to terminate fellow board member Greg Kelly, 62, who rose through the executive ranks as a director of human resources.



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Nissan To FIRE Chairman Carlos Ghosen After ARREST For Financial Deception

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