Renault/Nissan CEO Carlos Ghosn Has a Plan! Again!

Richard Chen
by Richard Chen
renault nissan ceo carlos ghosn has a plan again

In a direct homage to Glorious Communist Plans of Stalin and Mao, Nissan CEO Carlos Ghosn has announced his employer's latest five-year plan. The New York Times reveals the catchy name: GT 2012 (G for Growth, T for Trust). Trust? "In our industry, the companies that are performing best are the ones that have established a high level of trust with the different stakeholders.” So no American Axle, Plastech troubles for them, then. Anyway, amongst Carlos' goals: improved quality control, expansion of the Infiniti lineup into Europe, mo' and mo' better entry level cars , increased sales in the BRIC and Middle East, and something about profit (per-share dividend of 42 yen for '09'10, the rest TBA). Oh, and electric vehicles in the U.S. market within two years (yes 2010) and globally ever after. Just remember: they chose to do it. "Nissan decided to accelerate development of battery-powered vehicles because of high gasoline prices and environmental concerns, not just because of the need to meet stricter fuel-economy standards." The conflict being? And in a dig at another electric vehicle, Carlos proclaims "We're not interested in some Stars Wars prototype." Tough talk for a man who says "“We’re talking about hundreds of [electric] vehicles first."

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  • Stingray Stingray on May 13, 2008

    Hybrids ARE a fad, so yes I agree with Mr Ghosn. A good diesel gets better fuel economy and is simpler. And now they're cleaner than ever. Just ask the europeans. Uh I forgot, diesels are not fancy or fashionable, oh well...

  • Cammy Corrigan Cammy Corrigan on May 13, 2008

    Diesels aren't cleaner than a hybrid and they certainly aren't a fad. Compare a Volkswagen Polo Bluemotion to a 2004 Toyota Prius and the Prius (pound for pound) is the far superior option.

  • Musah Musah on May 13, 2008

    Oh Yes Hybrids. I'm eagerly waiting for Land cruiser HYBRID. The diesel option we get is no good. Please Toyota

  • Mikeolan Mikeolan on May 13, 2008

    @KatiePuckrick - Nissan just moved their headquarters, not their design/engineering centers. @Stingray - Diesels are cleaner now than diesels of the past, but they're NOT as clean as a modern gasoline car. Making matters worse, Diesel fuel is a whopping 35% more per gallon here, and its price has escalated FASTER than gasoline.