By on April 10, 2017

Mitsubishi Lancer GT

With Carlos Ghosn out as Nissan’s chief executive, Hiroto Saikawa has some well broken-in shoes to fill as the brand’s new CEO. Only ten days into the job, Saikawa says he doesn’t want to stray too far from groundwork laid by his predecessor. However, both men face an interesting problem in deciding what should be done with Mitsubishi.

Ghosn loves a fixer-upper and has already decided to dedicate much of his time to bringing Mitsubishi back from the brink, now that it’s part of the Renault–Nissan Alliance. He managed to help Nissan out of its decade-long slump in the early 2000s, so perhaps he can do the same for Mitsubishi now. However, according to Saikawa, that’s going to involve carefully assimilating the struggling automaker into the greater alliance.

That could mean taking Mitsubishi by the hand and offering it European models wearing the three-diamond emblem.  (Read More…)

By on February 23, 2017

Carlos Ghosn (Image: Nissan)

Carlos Ghosn, the aggressive figurehead who brought a nosediving Nissan back from the brink, is stepping down as CEO after 16 years on the job.

The industry titan will remain CEO of Renault, where he staged a similar turnaround, and will continue to serve as chairman of Nissan, Renault and lowly Mitsubishi — the latter company being added to the alliance last year. Apparently, the decision to step down was prompted by Mitsubishi’s deeply-ingrained woes. In order to work some Nissan-style magic on the struggling automaker, Ghosn needed to hand over the reins.

Meanwhile, a man who stuck with Nissan for 40 years has seen his loyalty pay off. (Read More…)

By on January 6, 2017

INFINITI QX50

After a report appeared claiming that Nissan is scrapping a joint development effort with Mercedes-Benz, the Japanese automaker’s CEO says the two partners haven’t split up.

Japan’s second-largest carmaker and Germany’s oldest made an agreement in 2010 to share engines and platforms for Infiniti and several compact Mercedes-Benz models. A new platform is planned for a cooperative factory in Mexico opening this year, and a decision to back out would throw a wrench into the future of the $1 billion plant (Read More…)

By on October 20, 2016

2016 Mitsubishi Outlander

Mitsubishi has officially tied the knot with its savior, making Renault-Nissan chairman Carlos Ghosn the only automotive executive in the world (and possibly the galaxy) to head three companies.

The $2.29 billion deal gives Ghosn’s Renault-Nissan alliance a 34 percent controlling stake in Mitsubishi — a financial lifeline for the struggling, scandal-plagued automaker. Already, the company’s new chairman (and demoted former chair) have big, big plans for the Mirage maker.

Nissan-sized plans. (Read More…)

By on October 9, 2016

1993 Mitsubishi Diamante wagon, Image: © 2015 Murilee Martin/The Truth About Cars

Carlos Ghosn, the synergizing executive that Sergio Marchionne only wishes he could be, isn’t mincing words when it comes to Nissan’s plans for fledgling automaker Mitsubishi.

According to the Renault-Nissan top boss, the deal between Nissan and Mitsubishi is “massive.”

(Read More…)

By on September 30, 2016

Renault Duster

Few good news stories seem to originate in Iran, but Renault wouldn’t agree.

The French automaker has inked a deal with the government of Iran to massively boost vehicle production in the middle eastern country. (Read More…)

By on April 18, 2016

Carlos Ghosn

The Russian automaker that manufactures Lada vehicles won’t see Carlos Ghosn at its board meetings after this June.

The Renault-Nissan CEO and chairman is expected to be replaced as chairman of AvtoVAZ at the company’s June 23 shareholders meeting, the automaker has stated, with Dr. Serguey Skvortsov taking his place.

Ghosn remains the chairman of Alliance Rostec Auto BV, the holding company that controls AvtoVAZ. Renault-Nissan bought a majority stake in the company, which is a joint venture with Russian Technologies, in 2012. (Read More…)

By on March 4, 2016

E10 + 100 Percent Gasoline at the Pump

Gasoline is gloriously cheap and the automotive industry is taking a break from the tiresome “more mpg” game.

That, Christmas comes early for Volkswagen employees, Carlos Ghosn has a plan to save big bucks, Google is luring more humans and Bentley can’t build enough SUVs for the “you call this caviar?!” crowd … after the break!

(Read More…)

By on December 11, 2015

Renault Kwid

Nissan and the French government struck a deal Friday to end a dispute over how much influence the state has over the carmaking alliance between the Japanese automaker and Renault, according to Renault.

The French government will cap its voting rights between 17.9 percent and 20 percent in non-strategic shareholder decisions, and will preclude “interference” by the government in Nissan by Renault. Renault, which is partially state-owned, is Nissan’s largest shareholder.

Earlier this year, France passed a law that would have given the government increased voting rights in the alliance, perhaps in an attempt to forge a stronger partnership between the two automakers(Read More…)

By on November 13, 2015

Renault Fluence Z.E. and Nissan Leaf Circa 2013

The battle between Nissan and the French government over the former’s voting stake in the Renault-Nissan Alliance continues on.

This month, after temporarily raising its stake to 19.7 percent, the French government cut back its stake to around 15 percent, which is still enough voting power under the Florange Law to block anything it didn’t like from Nissan and its allies during shareholder meetings.

However, second-in-command at Nissan, Chief Competitive Officer Hiroto Saikawa, expressed it wasn’t enough to go back to “the situation of seven months ago,” desiring “a better balance between the two companies,” a source told Reuters.

Instead, Nissan responded to the draw-down with a proposal establishing a “better-balanced” 25-percent/35-percent crossed shareholding, with Nissan finally having a say after 16 years of merely owning a piece of the company which rescued it from death back in 1999.

(Read More…)

By on June 23, 2015

Carlos Ghosn

Renault-Nissan CEO Carlos Ghosn did well for himself in 2014, banking around $16 million in compensation compared to the salaries of other automotive CEOs.

(Read More…)

By on May 20, 2015

Renault Kwid 01

As the Datsun brand stumbles in India, Renault-Nissan unveiled the Kwid Wednesday to take on the challenge of beating the best-selling Maruti Suzuki Alto.

(Read More…)

By on May 1, 2015

Carlos Ghosn Circa April 2013

An attempt to bring further integration within Renault-Nissan resulted in the French government tightening its hold on Renault against CEO Carlos Ghosn.

(Read More…)

By on February 4, 2015

Carlos Ghosn and Renault Kadjar

Renault-Nissan CEO Carlos Ghosn warned Monday that Russia’s auto market will lose a third of itself under the nation’s recession.

(Read More…)

By on September 9, 2014

Aston Martin Lagonda Prototype

Prior to becoming Aston Martin’s new CEO, former Nissan senior exec Andy Palmer proposed to the automaker to buy a stake in AM, only for Nissan to decline.

(Read More…)

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