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Nissan said that misconduct included a significant underestimation of his pay and misuse of corporate assets. Ghosn has yet to respond to the allegations.
Ghosn is credited with saving Nissan and Renault, and sewing together three automakers in a global alliance. But now he is likely to be eliminated as president of all three.
The French government owns 15% of Renault. Ghosn also serves as CEO at the car company.
Nissan's board will meet on Thursday to remove Ghosn from his position. Mitsubishi also asked its board of directors to "promptly remove" Ghosn as president.
Renault shares lost another 3.5% on Tuesday after having shaken up in the previous trading session. Nissan's shares lost 5.5% in Tokyo and Mitsubishi shares declined by almost 7%.
2. Down it goes bitcoin: The bitcoin price has plummeted by 15% in the last 24 hours, reaching a minimum of $ 4,200. Continue to swing wildly.
As often happens with digital currencies, the cause of the accident is not clear. The US Securities and Exchange Commission recently broke the "initial coin offerings" and the sales of mining crypto equipment seem to have slowed.
Bitcoin prices are now around 75% lower than the record levels set a year ago at the top of a bubble.
The activist investor Daniel Loeb wants to replace five members of the board of 12 people of the company. Campbell's management says he knows the company better and can put it back on track.
If Campbell has a strong quarter, the management could use the good results to strengthen his case. But if the gains disappoint, Loeb will be ready to jump.
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The US Census Bureau will publish a housing housing report for October at 8:30 ET.
Tuesday – Earnings BJ's Wholesale Club (BJ), Best Buy (BBY), Barnes and Noble (BKS), Campbell Soup (CPB), Target (TGT), TJX (TJX) and Gap (GPS)
Wednesday – Earnings Deere & Co. (DE)
Thursday – US markets are closed for Thanksgiving
Friday – Black Friday; The US markets close early
