• Sign in to follow this  
    Followers 0

    Rumorpile: Nissan CEO Carlos Ghosn To Become Mitsubishi Motors' Chairman


    • Carlos Ghosn could become the head of Mitsubishi Motors

    Progress seems to be going on with Nissan taking a 34 percent stake in Mitsubishi Motors. Japanese business paper The Nikkei reports that Nissan CEO Carlos Ghosn will become the chairman of Mitsubishi Motors once the deal is set. Sources tell the Nikkei that current chairman and president Osamu Masuko has been asked to stay on as president. When reached for comment, spokespeople at Mitsubishi and Nissan declined to comment. However, Masuko has confirmed that he was asked to stay on as president by Ghosn. Masuko went on to say that this would be discussed further tomorrow.  

    Nissan is planning to send four of its directors, including Ghosn to Mitsubishi Motors to right the ship after it was revealed that a number of Mitsubishi vehicles had false fuel economy figures. 

    Ghosn has a track record of bringing beleaguered companies to full heath - Renault in the 1990s and Nissan in the early 2000s. Some analysts believe this is right move.

    "This is a man who patched up Renault in the 1990s, and he did a lot for Nissan in the 2000s, so I'm sure he looks at Mitsubishi Motors as a new challenge," said CLSA analyst Christopher Richter to Reuters.

    "He's a turnaround artist. This is what he does best," said Richter. Ghosn at the helm of Mitsubishi Motors' board would "remove an enormous burden from the Mitsubishi group companies."

    “It’s easier for him to do things he did at Nissan, such as combining platforms, cutting costs and even closing plants. In order to implement such massive restructuring, you need someone as powerful as Ghosn to get things going,” said Koji Endo, a Tokyo-based auto analyst at SBI Securities Co to Bloomberg.

    Others aren't too keen.

    “I think he has enough work to be done at both Renault and Nissan. He should also spend all his time in these two companies rather than taking on another job in Japan,” said Hans-Peter Wodniok, a Frankfurt-based analyst with AlphaValue.

    Source: Nikkei, (2), Reuters, Bloomberg

    0


    Sign in to follow this  
    Followers 0


    User Feedback




    Your content will need to be approved by a moderator

    Guest
    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   You have pasted content with formatting.   Remove formatting

      Only 75 emoticons maximum are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor




  • Popular Stories

  • Today's Birthdays

    1. caddycruiser
      caddycruiser
      (31 years old)
    2. Keenaq8wwq
      Keenaq8wwq
      (28 years old)
    3. ohsnap
      ohsnap
      (39 years old)
  • Similar Content

    • By William Maley
      The past few years has seen Nissan expanding their lineup of NISMO performance models around the world. But that isn't enough as Nissan plans on expanding NISMO into more markets.
      To that end, the company announced a new unit called the NISMO Cars Business Unit. This will be part of Autech Japan, Inc - a Nissan group company that convert vehicles for disabled drivers and tunes performance vehicles. Nissan hopes that the new unit combined with the efforts Nissan Motorsports International Co., Ltd. and other group companies can deliver more NISMO products in a shorter timeframe.
      "As a Nissan sub-brand, NISMO further builds upon the core values of Nissan cars. With the combined expertise of Nissan group companies, NISMO road cars will make customers enjoy Nissan cars more than ever," said Takao Katagiri, president and CEO of both Autech Japan and Nissan Motorsports International.
      Nissan doesn't make any mention of what models are under consideration for the NISMO treatment. Currently, Nissan sells NISMO versions of the 370Z, GT-R, Juke, and Sentra in the U.S.
      Source: Nissan 
      Press Release is on Page 2


      Nissan sets up new unit to boost NISMO road car business
      More high-performance models to be rolled out globally YOKOHAMA, Japan – Nissan Motor Co., Ltd. has set up a new unit to expand its NISMO road car business by making a greater range of models available to customers in more markets.
      The NISMO Cars Business Department is part of Autech Japan, Inc., a Nissan group company that makes converted vehicles. Using talent from Nissan, Autech, Nissan Motorsports International Co., Ltd. and other group companies, it will plan and develop more appealing products in a shorter time.
      Nissan plans to expand the range of NISMO road cars to new segments, market them more globally and boost the lineup in existing markets, including Japan, North America, Europe and the Middle East. This will help increase sales of NISMO cars, which are now about 15,000 units a year.
      Nissan introduced the NISMO brand to its mainstream model lineup in 2013 to bring customers more innovations and excitement. Featuring performance and styling developed through NISMO's motorsports activities, the cars offer a sporty driving experience combined with Nissan's quality, reliability and durability.
      NISMO road cars introduced so far include the GT-R, 370Z, JUKE and Sentra in the U.S. – plus the Note and Patrol in markets outside the U.S.
      "As a Nissan sub-brand, NISMO further builds upon the core values of Nissan cars," said Takao Katagiri, president and CEO of both Autech Japan and Nissan Motorsports International. "With the combined expertise of Nissan group companies, NISMO road cars will make customers enjoy Nissan cars more than ever."
      The new business unit will also work with Nissan Motorsports International on marketing. This includes showing NISMO road cars at Nissan dealerships and showrooms and holding events and activities for NISMO car owners.

      View full article
    • By William Maley
      The past few years has seen Nissan expanding their lineup of NISMO performance models around the world. But that isn't enough as Nissan plans on expanding NISMO into more markets.
      To that end, the company announced a new unit called the NISMO Cars Business Unit. This will be part of Autech Japan, Inc - a Nissan group company that convert vehicles for disabled drivers and tunes performance vehicles. Nissan hopes that the new unit combined with the efforts Nissan Motorsports International Co., Ltd. and other group companies can deliver more NISMO products in a shorter timeframe.
      "As a Nissan sub-brand, NISMO further builds upon the core values of Nissan cars. With the combined expertise of Nissan group companies, NISMO road cars will make customers enjoy Nissan cars more than ever," said Takao Katagiri, president and CEO of both Autech Japan and Nissan Motorsports International.
      Nissan doesn't make any mention of what models are under consideration for the NISMO treatment. Currently, Nissan sells NISMO versions of the 370Z, GT-R, Juke, and Sentra in the U.S.
      Source: Nissan 
      Press Release is on Page 2


      Nissan sets up new unit to boost NISMO road car business
      More high-performance models to be rolled out globally YOKOHAMA, Japan – Nissan Motor Co., Ltd. has set up a new unit to expand its NISMO road car business by making a greater range of models available to customers in more markets.
      The NISMO Cars Business Department is part of Autech Japan, Inc., a Nissan group company that makes converted vehicles. Using talent from Nissan, Autech, Nissan Motorsports International Co., Ltd. and other group companies, it will plan and develop more appealing products in a shorter time.
      Nissan plans to expand the range of NISMO road cars to new segments, market them more globally and boost the lineup in existing markets, including Japan, North America, Europe and the Middle East. This will help increase sales of NISMO cars, which are now about 15,000 units a year.
      Nissan introduced the NISMO brand to its mainstream model lineup in 2013 to bring customers more innovations and excitement. Featuring performance and styling developed through NISMO's motorsports activities, the cars offer a sporty driving experience combined with Nissan's quality, reliability and durability.
      NISMO road cars introduced so far include the GT-R, 370Z, JUKE and Sentra in the U.S. – plus the Note and Patrol in markets outside the U.S.
      "As a Nissan sub-brand, NISMO further builds upon the core values of Nissan cars," said Takao Katagiri, president and CEO of both Autech Japan and Nissan Motorsports International. "With the combined expertise of Nissan group companies, NISMO road cars will make customers enjoy Nissan cars more than ever."
      The new business unit will also work with Nissan Motorsports International on marketing. This includes showing NISMO road cars at Nissan dealerships and showrooms and holding events and activities for NISMO car owners.
    • By William Maley
      The midsize truck class has been seeing a bit of resurgence over the past couple of years thanks to GM's all-new midsizers (Chevrolet Colorado and GMC Canyon) and Toyota doing a refresh to the Tacoma. Even the Nissan Frontier, a truck that hasn't changed since its redesign back in 2005 saw its sales increased by 47 percent last year. But when compared to the current crop of trucks, the Frontier lacks many of the features and touches other models have.
      But that could be changing.
      “The Frontier has a future. Trucks are in our DNA, we’ve been doing them for a long time,” said Christian Meunier, senior vice president at Nissan North America during a roundtable discussion with reporters.
      A possible candidate is the Nissan Navara, sold elsewhere in the world. But Meunier put a stop to this idea.
      “We’ll do something better than the Navara,” he said, adding that the Navara is a bit more of a lifestyle vehicle, “like a Honda Ridgeline.”
      “We like real trucks.”
      (Author's Note: We're wondering if anyone at Nissan North America has driven the Navara as many of the reviews we have been reading about say it is a real truck in terms of ride and capability. -WM)
      Meunier also said that with the recent acquisition of Mitsubishi could play a role with the new Frontier. Like Nissan, Mitsubishi has a fair amount of expertise with midsize trucks and the two could collaborate with developing a new model.
      One item still up in the air is when we could see a new Frontier. Meunier didn't give a timeframe during the discussion.
      Source: AutoGuide

      View full article
  • Recent Status Updates

  • Who's Online (See full list)