Nissan Motor on Thursday stated CEO Hiroto Saikawa had held a one-on-one meeting with the acting boss of its partner Renault during talks between the alliance that took place in Amsterdam this week. Nissan stated that Saikawa characterized the discussion with Renault Deputy CEO Thierry Bollore as “positive” and “productive”. The Japanese automaker was ready
The head of Nissan Motor and acting CEO of Renault will hold talks during a two day meeting of their automaking partnership starting on Tuesday, sources stated, amid a crisis in relations rocked by the arrest of Carlos Ghosn. Nissan CEO Hiroto Saikawa is going to meet Renault deputy CEO Thierry Bollore. It is their
Nissan Motor’s CEO called on directors at alliance partner Renault to listen its reasons for eliminating former Chairman Carlos Ghosn over alleged financial misconduct in middle of tensions over how to manage the fallout from his arrest. Renault’s interim chairman Philippe Lagayette stated on Friday that its board was not thinking about replacing Ghosn, who
Nissan informed Renault its CEO Hiroto Saikawa was not able to attend an Amsterdam meeting as he was helping Tokyo prosecutors investigating alleged misconduct led by Carlos Ghosn, chairman of the automakers’ alliance, sources with knowledge of the issue informed Reuters. Renault was told by a Nissan representative this week that “Saikawa was unable to
A senior executive at Mitsubishi Motors stated on Tuesday its alliance with Nissan and Renault is able to survive management upheaval, a day following elimination of Carlos Ghosn as chairman over financial misconduct allegations. The future of the 19-year alliance, among the biggest automotive groups in the world, has been thrown into doubt following the
Nissan Motor stated CEO Hiroto Saikawa did not mention a need to evaluate the automaker’s equity partnership with French automaker Renault SA at a town hall meeting he held with staff on Monday morning. Nissan made the remark after the Nikkei business daily quoted Saikawa as saying employees that Nissan’s “tie-up relationship with Renault was
Renault-Nissan executives will try this week to protect their joint operations from a looming power struggle between the automakers, after alliance boss Carlos Ghosn’s arrest in Japan over alleged financial misconduct. Top executives from both manufacturers and third partner Mitsubishi are going to attend mid-week operations committee meetings in Amsterdam that had been planned prior
Nissan Motor Chairman Carlos Ghosn was arrested on Monday for supposed financial misconduct and is going to be fired from the board this week, a dramatic fall for a leader admired for rescuing the Japanese automaker from close to bankruptcy. Ghosn is also chairman and chief executive of Nissan’s partner Renault and his departure will
Renault SA absorbing Nissan Motor and Mitsubishi Motors is not an alternative as the automakers seek to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn stated on Friday. “Anybody who will ask Nissan and Mitsubishi to become wholly owned subsidiaries of Renault has no chance of getting a result,” Ghosn informed shareholders
A second year of slowing development in the U.S. auto market is urging Japanese automakers to look beyond discounts to grow market share and focus more on increasing profitability in their largest market. Global automakers have been fighting for dominance in the world’s No. 2 market as yearly sales continue to move from a record
Improper evaluation practices at Nissan Motor had been going for at least 20 years, Japanese national broadcaster NHK reported. Nissan stated late on Thursday it was suspending domestic production of cars for the Japanese market for at least 2 weeks to deal with misconduct in its last assessment procedures, which it first revealed last month.
Nissan Motor is suspending domestic production of vehicles for the home market for a minimum of two weeks to resolve misconduct in its last inspection procedures that resulted in a significant recall, it stated on Thursday. The concern has stained Nissan’s brand in Japan, and together with a data falsification scandal at compatriot Kobe Steel
Nissan Motor prepares to recall 1.2 million cars in Japan after it found final vehicle evaluations were not performed by authorized professionals, it stated on Monday. Japan’s second-biggest car maker said the recall would cost it around 25 billion yen ($222 million) to re-inspect vehicles produced for the domestic market from October 2014 to September
Hiroto Saikawa has been recently promoted to CEO at Nissan Motor, Japan’s second-biggest automaker. The 63-year-old takes over in April from Carlos Ghosn, who engineered Nissan’s healing from years of losses and debt through broad cost-cutting and dismantling the generally close ties with providers – the informal keiretsu network once key to Japan Inc’s success.