With Ghosn Gone, Nissan CEO Allegedly Changes Mind About Retirement

Matt Posky
by Matt Posky
with ghosn gone nissan ceo allegedly changes mind about retirement

Nissan’s Chief Executive Officer, Hiroto Saikawa, apparently intends to stick around a little longer than previously expected. According to unnamed Nissan staffers who spoke to Bloomberg, the CEO told executives he plans to stay at least three more years to help the automaker recover from the aftermath of the scandal involving Renault-Nissan-Mitsubishi Alliance head Carlos Ghosn — despite recently signalling his intent step down in the near future.

Saikawa was hand-picked by Ghosn as Nissan CEO in 2017. However, the two grew increasingly distant as talk of a potential merger with alliance partner Renault began to swell. In fact, Ghosn was actively working toward combining the companies up until his November arrest — which he attributed to interference from Nissan.

While still incarcerated, Ghosn admitted he was not pleased with Saikawa’s performance, and had been considering removing him from his role within the company. The Nissan CEO had taken a hardline stance against the merger, choosing to support Japanese interests first.

He also lost face over Nissan’s final inspection scandal, which led to work stoppages and the recall of roughly one million vehicles. However, legal actions taken against the defamed Alliance head made Saikawa’s removal an impossibility. Ghosn is now more concerned with doing battle with the brick wall that is Japan’s legal system. But that does not necessarily guarantee Saikawa another three years with Nissan.

From Bloomberg:

Regardless of Saikawa’s plans, there’s no guarantee he will stay on in the CEO role if the company’s performance takes a serious hit from the Ghosn scandal or there is some unforeseen legal exposure for the company.

However, cementing Saikawa’s position as the long-term head of Nissan could make it harder for France’s Renault SA to push for deeper ties with its Japanese partner. While Ghosn ran the boards of both Renault and Nissan, and was working toward combining the companies until his arrest, Saikawa has spoken strongly against a merger and has emerged as a defender of Japanese interests.

[Image: Nissan]

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  • SCE to AUX SCE to AUX on Mar 08, 2019

    "to help the automaker recover from the aftermath of the scandal involving Renault-Nissan-Mitsubishi Alliance head Carlos Ghosn" Recover how? What a bogus statement. I think he's afraid Mr Ghosn might sing like a canary and beat the rap.

  • JoDa JoDa on Mar 09, 2019

    The Japanese are excellent at science and engineering...The French are excellent at, um, trying to live at the expense of everyone else, aka, Socialism. A merger made in Heaven, eh? It's like bratty parasitic children trying to "merge" with their parent's bank account.

    • See 3 previous
    • Stuki Stuki on Mar 09, 2019

      Ghosn is more Brazilian than than French. You can't fire Japanese males. They can't even retire. This dude's 3 years will keep getting extended and extended. Simply because, in Japan, no matter how old you get, there are noone left to take your job, that's younger than you.

  • Theflyersfan As a kid, a neighbor had one of these full-sized conversion vans with the TV and wet bar in the back. And it was so cool to go in - as a kid it was, driving it had to be terror at times with blind spots, iffy power and brakes, and the feeling that you're hauling your living room with you! Kids of the 1970s and 1980s had this experience. Afterwards with minivans and then CUV everything, not so much.And I'm crushed that a 1977 van doesn't have some kind of mural on the sides. Coyote howling at the moon, American flag, Confederate flag, bright stripes, something! You can't have a 1970's era van with plain sides! At least a "Don't Laugh. Your daughter's in here" bumper sticker on the back. I always get a Gacy or Bundy vibe with these vans...
  • Jeff S In the EV market Tesla is not a niche player it is the major player. According to the latest data of the California-based vehicle valuation and automotive research company  Kelley Blue Book, Tesla has the lion’s share with 75 percent market share in  the electric vehicle market in the first three months of 2022.Tesla has dominated the electric vehicle market for years in the United States. The electric vehicles manufactured by Tesla accounted for 79 percent of the new electric vehicles registered in the United States in 2020 and 69,95 percent in 2021. The decrease in the market share in 2021 might be explained by backlogs and the global chip shortage, but the company is ramping up its sales and has already increased its market share to 75 percent in the first quarter of the year. According to Kelley Blue Book, the top 10 EVs sold in the US in the first quarter of 2022 are;[list=1][*]Tesla Model Y[/*][*]Tesla Model 3[/*][*]Ford Mustang Mach-E[/*][*]Tesla Model X[/*][*]Hyundai Ioniq 5[/*][*]Kia EV6[/*][*]Tesla Model S[/*][*]Nissan Leaf[/*][*]Kia Niro[/*][*]Audi e-Tron[/*][/list=1]Tesla has delivered 310,048 vehicles in the first quarter of 2022, another first-quarter record. The success of Tesla is proven once again as the company has three electric cars in the top 10 most selling electric vehicles in the United States, while no other manufacturer has even two different models on the list.Tesla leads all others, selling slightly over 936,000 units in 2021. This gave the company a market share of nearly 14%.Mar 30, 2022https://interestingengineering.com/transportation/tesla-ev-market-75-percent-market-share
  • Jeff S I did not know Plymouth had a full size van prior to the mini vans. I did know about the Plymouth pickups and the Trail Duster.
  • Arthur Dailey When I grew tired of the T-Bird trying to kill me by refusing to start at the most inconvenient times/places, I replaced it with a '79 fullsized Dodge (Sportsman) van. Similar to this but with a different grille and rectangular headlights. The 4 'captains' chairs in my van were pretty much identical to the ones in this van. Mine certainly was not as nicely finished inside. And it was a handful to drive in snow/ice. One thing that strikes me about this van is that although a conversion it does not seem to have the requisite dark tint on the windows.
  • Jeff S I am not a fan of Tesla and they were niche vehicles but it seems that they have become more common. I doubt if I get an EV that it would be a Tesla. The electrical grid will have to be expanded because people over the long run are not going to accept the excuse of the grid can't handle people charging their EVs.