Embattled Nissan CEO Aims to Fast-track His Exit

Ask Japanese media about Hiroto Saikawa’s status at Nissan and they’ll tell you he already has one and a half feet out the door. Following a report Sunday in Japan’s Nikkei, in which Saikawa allegedly told company executives of his plan to resign, the boss man himself admitted it’s true.

Speaking to the media, Saikawa, who was forced into contrition last week over revelations of excess compensation from an equity-linked remuneration scheme, said he wants to head out ASAP. His replacement will already be aware of the great challenges ahead.

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  • Lou_BC Honda plans on investing 15 billion CAD. It appears that the Ontario government and Federal government will provide tax breaks and infrastructure upgrades to the tune of 5 billion CAD. This will cover all manufacturing including a battery plant. Honda feels they'll save 20% on production costs having it all localized and in house.As @ Analoggrotto pointed out, another brilliant TTAC press release.
  • 28-Cars-Later "Its cautious approach, which, along with Toyota’s, was criticized for being too slow, is now proving prescient"A little off topic, but where are these critics today and why aren't they being shamed? Why are their lunkheaded comments being memory holed? 'Who controls the past controls the future. Who controls the present controls the past.' -Orwell, 1984
  • Tane94 A CVT is not the kiss of death but Nissan erred in putting CVTs in vehicles that should have had conventional automatics. Glad to see the Murano is FINALLY being redesigned. Nostalgia is great but please drop the Z car -- its ultra-low sales volume does not merit continued production. Redirect the $$$ into small and midsize CUVs/SUVs.
  • Analoggrotto Another brilliant press release.
  • SCE to AUX We'll see how actual production differs from capacity.