The auto industry reeled in shock last month when former Nissan chairman Carlos Ghosn was arrested on suspicion of financial misconduct. Now, the executive credited with saving Nissan in the early 2000s has been indicted by prosecutors in Tokyo, Japan, for misstating his compensation over the course of several years. Former board member Greg Kelly and Nissan itself have also been indicted.

According to a statement released yesterday in Japan, Nissan says the two executives were indicted for...

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