New Nissan CEO Uchida rules out deeper capital ties with Renault SA

Cornelia Mascio
Dicembre 3, 2019

Nissan's new chief executive Makoto Uchida has reaffirmed the importance of the Japanese automaker's alliance with Renault as it strives to put its financial scandals behind it.

"We want to continue doing business while maintaining the independence of our company", said Uchida, who concurrently serves as Nissan's president.

At a news conference on Monday, Uchida described the task ahead.

He's joined by new COO Ashwani Gupta, formerly an executive at Nissan's other alliance partner, Mitsubishi Motors.

The company has been undergoing a drastic management overhaul since Ghosn was arrested in November previous year for alleged financial misconduct.

Known for his straight-talking manner and relentless focus on cost control, Uchida is Nissan's third CEO since September, when Hiroto Saikawa, a protege of Ghosn, was forced to resign after he admitted to being improperly overpaid.

Nissan Motor has a brand-new management team that will take on the challenge of charting the automaker's future course.

Renault, Nissan and Mitsubishi plan to appoint a general secretary for steering their partnership to promote cooperation and joint operations reboot.

Uchida said he will work to boost sales by launching new models and reviewing Nissan's strategy in the USA market.

A new leadership team installed in Nissan began Sunday, led by Makoto Uchida 53 years old, who runs a Chinese auto.

Nissan is implementing a global recovery plan under which it will axe almost one-tenth of its workforce and cut global vehicle production by 10% through 2023 to rein in costs which it has said ballooned when Ghosn was CEO.

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