The future of the Nissan-Mitsubishi-Renault alliance after Ghosn's arrest

"While looking at Ghosn's allegations as a serious breach of shareholders' trust in senior leadership of not only Nissan, but also the entire alliance, we find media headlines that say the alliance can fall to be too alarmistic," Richard Hilgert, a senior stock analyst at Morningstar, said in a note.

"The scandal represents significant key man's risk for the alliance, but in our opinion, the risk does not rise to the level of existence," he said. 19659002] Another analyst also told CNBC that the alliance will probably continue despite Ghosn's arrest.

"Our belief is that the Alliance will continue to pursue joint activities," said Janet Lewis, Industrial Research Director, Asia, on Macquarie Capital Securities on "Squawk Box" Tuesday. "It was not dependent on a person, there are hundreds of Renault and Mistubishi and Nissan employees who work together on these projects."

"The degree of integration at lower levels is significant, no one wins if they decide to move away," she said.