Nissan shares down 30% since Ghosn's arrest for slow progress

Market punishes automaker as earnings tumble and Renault alliance frays

HIROYUKI KOIZUMI, Nikkei staff writer

TOKYO -- A year after the arrest of then-Chairman Carlos Ghosn, Nissan Motor continues searching for a new course while navigating a power struggle with alliance partner Renault -- and investors have shown their displeasure with the pace of recovery.

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