Nissan Ariya Debut Coming In July; CEO (Again) Promises to Right the Ship

Steph Willems
by Steph Willems
nissan ariya debut coming in july ceo again promises to right the ship

I’m your man, Nissan CEO Makoto Uchida told shareholders at an annual meeting Monday, promising to take a pay cut while firming up the fiscal foundations of an automaker that was floundering even before the pandemic hit.

Nissan rolled out a very different kind of four-year plan in late May. Cost-cutting and consolidation is the name of the game going forward, but shareholders often want more assurance than a blueprint can provide.

“I will put Nissan’s growth back on track,” Uchida told attendees of the downsized Yokohama meeting, per Bloomberg. “We will make the utmost effort to resume shareholder returns as soon as possible.”

The CEO, who took on the job only last December, reiterated his promise to resign if things don’t go as planned. Already, he’s freezing executive pay and slashing his own compensation by half; the automaker’s lineup will be streamlined, with wasteful plants dropped and its presence in markets like Europe dialed back as it seeks to free up $2.8 billion in annual costs by 2024.

Music to a shareholder’s ears, but what’s there for a buyer to look at? For starters, the Ariya, an electric crossover Uchida said will see a public debut on July 15th, as reported by Automotive News. The crossover space is where the EV action is, and Nissan needs to compete in this fledgling segment — especially in its home market and China. Last week, Nissan dropped a sledgehammer-light hint that its concept vehicles have a habit of turning into production vehicles, with the 300-mile Ariya being only the latest such vehicle.

It isn’t known exactly when U.S. customers can get their hands on Ariya, but when it does arrive, expect a next-generation version of Nissans’ ProPilot hands-free driving system, as well as available twin-motor all-wheel drive. Globally, Nissan says it will release a dozen new models in the next 18 months, with eight EVs in the offing by 2024.

[Image: Nissan]

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  • Jeff S Jeff S on Jun 29, 2020

    Cost cut their way to oblivion.

  • SCE to AUX SCE to AUX on Jun 30, 2020

    "its concept vehicles have a habit of turning into production vehicles" Well, the IDx didn't. They even raced the thing and it never made it to production. Oh, well. A decade on, and Nissan's EV lead is gone, with little more than a warmed-over version of its 2011 Leaf being all they have to offer. This Ariya concept looks promising, but it will be doing battle against many other mfrs for the #2 position in the EV market.

  • Lou_BC "Owners of affected Wrangles" Does a missing "r" cancel an extra stud?
  • Slavuta One can put a secret breaker that will disable the starter or spark plug supply. Even disabling headlights or all lights will bring more trouble to thieves than they wish for. With no brake lights, someone will hit from behind, they will leave fingerprints inside. Or if they steal at night, they will have to drive with no lights. Any of these things definitely will bring attention.I remember people removing rotor from under distributor cup.
  • Slavuta Government Motors + Government big tech + government + Federal police = fascist surveillance state. USSR surveillance pales...
  • Johnster Another quibble, this time about the contextualization of the Thunderbird and Cougar, and their relationship to the prestigious Continental Mark. (I know. It's confusing.) The Thunderbird/Mark IV platform introduced for the 1971 model year was apparently derived from the mid-sized Torino/Montego platform (also introduced for the 1971 model year), but should probably be considered different from it.As we all know, the Cougar shared its platform with the Ford Mustang up through the 1973 model year, moving to the mid-sized Torino/Montego platform for the 1974 model year. This platform was also shared with the failed Ford Gran Torino Elite, (introduced in February of 1974, the "Gran Torino" part of the name was dropped for the 1975 and 1976 model years).The Thunderbird/Mark series duo's separation occurred with the 1977 model year when the Thunderbird was downsized to share a platform with the LTD II/Cougar. The 1977 model year saw Mercury drop the "Montego" name and adopt the "Cougar" name for all of their mid-sized cars, including plain 2-doors, 4-doors and and 4-door station wagons. Meanwhile, the Cougar PLC was sold as the "Cougar XR-7." The Cougar wagon was dropped for the 1978 model year (arguably replaced by the new Zephyr wagon) while the (plain) 2-door and 4-door models remained in production for the 1978 and 1979 model years. It was a major prestige blow for the Thunderbird. Underneath, the Thunderbird and Cougar XR-7 for 1977 were warmed-over versions of the failed Ford Elite (1974-1976), while the Mark V was a warmed-over version of the previous Mark IV.
  • Stuart de Baker This is depressing, and I don't own one of these.