Nissan has officially fired chairman and former chief executive Carlos Ghosn.
The company's board met Thursday (November 22) at Nissan headquarters just outside Tokyo.
Ghosn axed after he was arrested over alleged financial crimes.
The automaker's boss alleged to have under-reported his salary.
Nissan says company money was also spent on homes for Ghosn around the world.
Reuters Mayu Yoshida was at Nissan headquarters.
She says the big question is what happens to Nissan's alliance with Renault, where Ghosn was chairman: REUTERS JAPAN CORRESPONDENT MAYU YOSHIDA, SAYING (ENGLISH): "Right now, Renault is the top shareholder of Nissan holding 43% of its shares, while the Japanese automaker has only 15% of the French automaker.
We've been hearing that Carlos Ghosn was pushing a Nissan-Renault merger deal before his arrest.
But since the French government is on the back of Renault, Nissan was reportedly looking for ways to stop this merger and instead wanted to gain more control over this alliance because Nissan is the profit-driver and a more global automaker." Ghosn held here, at Tokyo Detention Center.
It's notoriously spartan, with tiny, unheated cells bare of almost all furnishing.
With him is senior executive Greg Kelly, with whom he's alleged to have conspired.
On Thursday Japanese and French ministers will meet in Paris to discuss what happens next.
France has a direct say as a major shareholder in Renault.
Both sides have said they want the two companies' alliance to continue.