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  • 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

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    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.

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    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.

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    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.

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    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.

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    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.

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