Jump to content
  • William Maley
    William Maley

    Rumorpile: Carlos Ghosn Wanted To Oust Hiroto Saikawa As Nissan CEO

      But that would not happen

    "Since the arrest former Nissan chairman Carlos Ghosn last month, various reports have come out revealing the strained relationship between Nissan and its alliance partner, Renault. It has also brought up questions as to whether or not Nissan decided to 'push' Ghosn out by using the misuse of corporate assets as the reason. A new report from The Wall Street Journal is only stoking those fires.

    Sources tell the paper that Ghosn was planning to "shake up the senior management ranks at Nissan" and told some executives that he was planning on replacing current Nissan CEO Hiroto Saikawa - his hand-picked successor. While Ghosn supported Saikawa in public, the two would clash over various problems the company was facing. This included,

    • Problems with inspections done on JDM vehicles, prompting recalls of more than a million vehicles
    • Declining sales in the U.S.

    According to one source, Ghosn wanted to oust Saikawa and planned to put it to a vote at a board meeting in November. But that would not happen as Ghosn would be arrested in early on in the month. The board would oust Ghosn at a meeting later on in the month.

    Some believed that Saikawa wasn't in danger. A source familiar with the relationship between the two said "their differences hadn’t reached a point where Mr. Ghosn would have contemplated removing Mr. Saikawa."

    Still, Saikawa's reputation is taking quite the hit. The Nikkei has learned that Saikawa had signed various documents that "spelled out payments to Ghosn after his retirement as a consultant and for agreeing not to work for or join the board of any competitor." These documents are being used as evidence to show that Ghosn deferring payments of current salaries that were not reported. While prosecutors don't believe Saikawa knew about this, his position as CEO may be questioned "for missing the opportunity to catch the improprieties."

    Source: The Wall Street Journal (Subscription Required), Nikkei Asian Review (Subscription Required)

    Edited by William Maley



    User Feedback

    Recommended Comments

    End result, we have a delay in the Nissan Leaf Plus their long range EV which should be out now as it would deflect attention away from the corporate issues and bring interest onto their long range EV. Though I hear that right now they cannot produce enough to support Europe and the US. Europe is their bigger market, so the US will take a back seat is how I am reading this.

    I expect lots of changes at Nissan in the next 90 days including leadership. Pretty much anyone who was involved in this coverup will be gone I think. Japanese honor code will demand that those who were involved are kicked out.

    Good thing the days of Seppuku are over.

    • Thanks 1

    Share this comment


    Link to comment
    Share on other sites
    42 minutes ago, dfelt said:

    End result, we have a delay in the Nissan Leaf Plus their long range EV which should be out now as it would deflect attention away from the corporate issues and bring interest onto their long range EV. Though I hear that right now they cannot produce enough to support Europe and the US. Europe is their bigger market, so the US will take a back seat is how I am reading this.

    I expect lots of changes at Nissan in the next 90 days including leadership. Pretty much anyone who was involved in this coverup will be gone I think. Japanese honor code will demand that those who were involved are kicked out.

    Good thing the days of Seppuku are over.

    Exactly.

    Share this comment


    Link to comment
    Share on other sites
    1 hour ago, riviera74 said:

    I wonder if cleaning house would happen here if any of this happened to Ford or GM or FCA.

    Doubt it at Ford or FCA, maybe GM. But far less chance than in Japan where Honor is a big deal.

    Share this comment


    Link to comment
    Share on other sites
    2 hours ago, ocnblu said:

    I still say it's a setup.

    Considering the amount of crime in Brazil his native country, I take the Japanese honor over his manipulation of the system.

    Innocent till proven guilty, but so far what has been shared would tend to show his guilt.

    Share this comment


    Link to comment
    Share on other sites
    7 hours ago, dfelt said:

    Considering the amount of crime in Brazil his native country, I take the Japanese honor over his manipulation of the system.

    Innocent till proven guilty, but so far what has been shared would tend to show his guilt.

    Quoted for posterity.  People at Nissan knew for years and it wasn't a problem until the time was right.

    Share this comment


    Link to comment
    Share on other sites
    9 hours ago, ocnblu said:

    Quoted for posterity.  People at Nissan knew for years and it wasn't a problem until the time was right.

    Then what is the motive for now rather than then ?

    • Upvote 1

    Share this comment


    Link to comment
    Share on other sites


    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

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

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




  • Similar Content

    • By Drew Dowdell
      Nissan Group reports April 2019 U.S. sales

       
      April 2019
      April 2018
      % chg
      Nissan Group Total sales (units)
      95,698
      87,764
      +9.0
      Nissan Division sales
      87,207
      78,804
      +10.7
      INFINITI sales*
      8,491
      8,960
      -5.2
       
      NASHVILLE, Tenn. – Nissan Group announced total U.S. sales for April 2019 of 95,698 units, an increase of 9 percent compared to the prior year.
      Nissan highlights:
      Nissan Altima sales grew 59 percent in April to 16,531 units. Pathfinder SUV sales increased 72 percent to 4,713 units. NV commercial van sales were up 22 percent year-on-year. Nissan Versa sales were up 12 percent in April. The all-new 2020 Versa sedan was revealed in April and will go on sale in summer 2019. *INFINITI sales total included for reference. For more information on INFINITI's April sales performance, please visit INFINITINews.com.
      NOTE: To ensure consistency in global sales reporting, Nissan North America calculates monthly variances on a straight-percentage basis, unadjusted for the number of selling days. April 2019 had 25 selling days, while April 2018 had 24 selling days.
      NISSAN DIVISION 
      APR
      APR
      Monthly
      CYTD
      CYTD
      CYTD
       
      2019
      2018
      % chg
      2019
      2018
      % chg
       
       
       
       
       
       
       
      Nissan Division Total
      87,207
      78,804
      10.7
      418,743
      453,920
      -7.7
      Versa
      6,710
      5,998
      11.9
      31,702
      31,363
      1.1
      Sentra
      13,051
      16,999
      -23.2
      69,844
      77,001
      -9.3
      Altima
      16,531
      10,400
      59.0
      68,011
      73,806
      -7.9
      Maxima
      2,009
      2,100
      -4.3
      12,563
      15,854
      -20.8
      LEAF
      951
      1,171
      -18.8
      3,636
      3,716
      -2.2
      Juke
      1
      83
      -98.8
      10
      539
      -98.1
      370Z
      177
      260
      -31.9
      824
      1,243
      -33.7
      GT-R
      33
      35
      -5.7
      126
      170
      -25.9
      Total Car
      39,463
      37,046
      6.5
      186,716
      203,692
      -8.3
      Kicks
      3,503
      0
      n/a
      16,022
      0
      n/a
      Frontier
      4,258
      5,082
      -16.2
      24,479
      27,907
      -12.3
      Titan
      2,489
      2,670
      -6.8
      12,172
      15,394
      -20.9
      Pathfinder
      4,713
      2,741
      71.9
      22,067
      20,847
      5.9
      Armada
      1,917
      1,713
      11.9
      11,718
      10,795
      8.6
      Rogue
      24,159
      23,331
      3.5
      117,973
      139,785
      -15.6
      Murano
      3,476
      3,391
      2.5
      15,205
      24,113
      -36.9
      Quest
      0
      0
      n/a
      0
      2
      -100.0
      NV
      1,494
      1,225
      22.0
      6,001
      4,993
      20.2
      NV200
      1,735
      1,605
      8.1
      6,390
      6,392
      0.0
      Total Truck
      47,744
      41,758
      14.3
      232,027
      250,228
      -7.3
      North American produced
       
      60,573
      -100.0
       
      341,097
      -100.0
      Car
       
      36,668
      -100.0
       
      201,740
      -100.0
      Truck
       
      23,905
      -100.0
       
      139,357
      -100.0
      Import
       
      18,231
      -100.0
       
      112,823
      -100.0
      Car
       
      378
      -100.0
       
      1,952
      -100.0
      Truck
       
      17,853
      -100.0
       
      110,871
      -100.0
       
       
       
       
       
       
       
      INFINITI
      APR
      APR
      Monthly
      CYTD
      CYTD
      CYTD
       
      2019
      2018
      % chg
      2019
      2018
      % chg
       
       
       
       
       
       
       
      Infiniti Total
      8,491
      8,960
      -5.2
      42,806
      49,847
      -14.1
      Infiniti Q50
      2,174
      1,880
      15.6
      10,438
      13,581
      -23.1
      Infiniti Q60
      425
      650
      -34.6
      1,729
      3,253
      -46.8
      Infiniti Q70
      345
      272
      26.8
      1,307
      1,763
      -25.9
      Infiniti QX30
      232
      671
      -65.4
      1,809
      3,486
      -48.1
      Infiniti QX50
      1,513
      1,413
      7.1
      5,096
      5,497
      -7.3
      Infiniti QX60
      2,773
      3,052
      -9.1
      15,603
      15,076
      3.5
      Infiniti QX70
      0
      102
      -100.0
      6
      672
      -99.1
      Infiniti QX80
      1,029
      920
      11.8
      6,818
      6,519
      4.6
      Total Car
      2,944
      2,802
      5.1
      13,474
      18,597
      -27.5
      Total Truck
      5,547
      6,158
      -9.9
      29,332
      31,250
      -6.1
       
       
       
       
       
       
       
      NISSAN GROUP
      APR
      APR
      Monthly
      CYTD
      CYTD
      CYTD
       
      2019
      2018
      % chg
      2019
      2018
      % chg
       
       
       
       
       
       
       
      TOTAL VEHICLE
      95,698
      87,764
      9.0
      461,549
      503,767
      -8.4
      Total Car
      42,407
      39,848
      6.4
      200,190
      222,289
      -9.9
      Total Truck
      53,291
      47,916
      11.2
      261,359
      281,478
      -7.1
      Selling days
      25
      24
       
      101
      101
       
                    # # #
    • By Drew Dowdell
      Mitsubishi dealers are living in interesting times.  After a tumultuous fall in sales after the recession, the last year and a quarter has given Mitsubishi double digit gains in sales.  Sales for 2018 rose 14 percent and so far this year, sales are up an astonishing 17.6 percent. 
      The question for Mitsubishi is where do they go from here?  With two small crossovers, a large one, and a subcompact car, the next logical answer for their dealers is adding a mid-size pickup to the mix.  Mitsubishi last offered a pickup in the Mitsubishi Raider which was a rebadged Dodge Dakota. 
      Now part of the Nissan-Renault alliance, Mitsubishi is reportedly taking the lead on building the platform for the next line of trucks for the trio. Mitsubishi currently builds the Triton for other global markets, while Nissan fields the Navara, and Renault produces the Alaskan.  All three would be consolidated to a single platform headed by the Mitsubishi effort in about 5 years.  Five years is an eternety in the automotive world, but it may be that the dealerships would need to wait that long to get their wish. 
      It was recently revealed that Nissan is working on a next generation Nissan Frontier, but that truck will use an updated version of its current platform rather than move to a global one.  Still it is possible that a future Frontier could move to the Mitsubishi based platform that is years away from production.
      In the meantime, Mitsubishi is working to expand its dealership network. There are some markets in the US where the brand is non-existent. So Mitsubishi is looking to expand in markets like Los Angeles, San Francisco, Houston, New York, and Boston. 


      View full article
    • By Drew Dowdell
      Mitsubishi dealers are living in interesting times.  After a tumultuous fall in sales after the recession, the last year and a quarter has given Mitsubishi double digit gains in sales.  Sales for 2018 rose 14 percent and so far this year, sales are up an astonishing 17.6 percent. 
      The question for Mitsubishi is where do they go from here?  With two small crossovers, a large one, and a subcompact car, the next logical answer for their dealers is adding a mid-size pickup to the mix.  Mitsubishi last offered a pickup in the Mitsubishi Raider which was a rebadged Dodge Dakota. 
      Now part of the Nissan-Renault alliance, Mitsubishi is reportedly taking the lead on building the platform for the next line of trucks for the trio. Mitsubishi currently builds the Triton for other global markets, while Nissan fields the Navara, and Renault produces the Alaskan.  All three would be consolidated to a single platform headed by the Mitsubishi effort in about 5 years.  Five years is an eternety in the automotive world, but it may be that the dealerships would need to wait that long to get their wish. 
      It was recently revealed that Nissan is working on a next generation Nissan Frontier, but that truck will use an updated version of its current platform rather than move to a global one.  Still it is possible that a future Frontier could move to the Mitsubishi based platform that is years away from production.
      In the meantime, Mitsubishi is working to expand its dealership network. There are some markets in the US where the brand is non-existent. So Mitsubishi is looking to expand in markets like Los Angeles, San Francisco, Houston, New York, and Boston. 

    • By Drew Dowdell
      Nissan unveiled the Nissan Sylphy at the Shanghai Auto Show earlier this month and spies have caught it in the US virtually confirming it will be coming to the US as the next generation Nissan Sentra.
      Looking like a mini-Nissan Altima, Nissan says the chassis is now much stiffer and they have gone and improved the suspension and steering feel.  The interior has been made to look much more luxurious with quilted seats and a slicker looking dashboard.
      The infotainment system is a 8-inch TFT screen and the driver gets a 7-inch TFT gauge cluster. Nissan's ProPilot Assist will be available and includes things like collision warning, blind spot warning, lane departure warning, cross traffic alert, and others. 
      No details yet on powertrain except that Nissan says the 4-cylinder engine and CVT have been updated. 


      View full article
    • By Drew Dowdell
      Nissan unveiled the Nissan Sylphy at the Shanghai Auto Show earlier this month and spies have caught it in the US virtually confirming it will be coming to the US as the next generation Nissan Sentra.
      Looking like a mini-Nissan Altima, Nissan says the chassis is now much stiffer and they have gone and improved the suspension and steering feel.  The interior has been made to look much more luxurious with quilted seats and a slicker looking dashboard.
      The infotainment system is a 8-inch TFT screen and the driver gets a 7-inch TFT gauge cluster. Nissan's ProPilot Assist will be available and includes things like collision warning, blind spot warning, lane departure warning, cross traffic alert, and others. 
      No details yet on powertrain except that Nissan says the 4-cylinder engine and CVT have been updated. 

  • Social Stream

  • Who's Online (See full list)

  • My Clubs

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×
×
  • Create New...