business

Nissan executives face angry shareholders

27 Comments
By YURI KAGEYAMA

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27 Comments
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Uchida apologized for the poor results and promised a recovery by 2023, driven by cost cuts and new models showcasing electric-car and automated-driving technology.

Realistically this is what I think.

Even if everything goes OK, long lasting batteries and everything electric cars won't be mainstream for at least another 10 years . That is 2030.

automated driving , hmm that is 2040, mainly because it will probably need lots of infrastructure changes to get anywhere near reliable.

Cost cuts cut both ways so assume the quality will drop.
7 ( +9 / -2 )

I see they blaming the corona for their down fall, but in fact the slide was well and truely underway long before that surfaced.

They been having too much nose diving and too much brown nosing, Nissan is not going to recover by 2023 like this guy Uchida says.

16 ( +16 / -0 )

Props to the one brave stockholder who spoke up against the travesty against justice perpetrated by Saikawa and the prosecutors office

15 ( +15 / -0 )

Uchida is in control by name only, Gupta and some of the others from the Renault side are now trying to drive Nissan, and what is left of the 'Alliance', thwarted by a total lack of integration in Japan, despite more than 20 years of the three company agreement.

10 ( +10 / -0 )

I'm suprised he wasn't wearing a Hazmat suit as Nissans brand is Toxic, shareholders should have sold....mmm when? When there was no instrument in the case.

6 ( +6 / -0 )

"One stock owner appeared to speak up for Ghosn, stressing Nissan had lost people’s trust after ousting him without giving him a chance to defend himself over problems that might have been solved internally, instead appearing to collude with prosecutors and government officials."

THIS

20 ( +20 / -0 )

Serve you right Nissan!

19 ( +19 / -0 )

One stock owner appeared to speak up for Ghosn, stressing Nissan had lost people's trust after ousting him without giving him a chance to defend himself over problems that might have been solved internally, instead appearing to collude with prosecutors and government officials.

Was Ex-Nissan CEO, Now-Fugitive Carlos Ghosn Set Up By Fellow Executives?

Emails and memos suggest a plot to remove Ghosn, who's maintained his innocence.

Waiting for the next episode - when will the truth be known ?

14 ( +14 / -0 )

They slaughtered the cash cow.

11 ( +11 / -0 )

Uh oh the plebes are coming with the pitchforks and torches. Quick blame the foreigners.

9 ( +9 / -0 )

Cricky

I'm suprised he wasn't wearing a Hazmat suit

He'll soon be wearing a hazbeen suit.

7 ( +7 / -0 )

So why is this relevant? There's no mention of Nissan here.

Two men suspected of helping Ghosn's escape were arrested last month in the U.S. Japanese prosecutors are seeking their extradition. Japan is also trying to get Ghosn extradited, but Japan has no extradition treaty with Lebanon.

-4 ( +1 / -5 )

Nissan Chief Executive Makoto Uchida told shareholders Monday he is giving up half his pay

I can't LOL hard enough on this. This is the solution he has for the plunging sales, stock prices and profit. "I am punishing myself so don't attack me anymore." This is the extent of their competence.

11 ( +11 / -0 )

The article forgot to mention the loss of confidence caused by the resignation of Ghosn's successor.....

2 ( +2 / -0 )

By allowing a corrupt foreign CEO name Ghosn to run your companies, destroy the quality of Nissan for short term gain while destroying the reputation with the customers forever.

Keep hiring people like him Nissan, the moment he breaks the law he will Run Away and say it's your fault, it's your countries fault, it's your justice system. Disgusting.

-20 ( +0 / -20 )

Nissan didn't fool anyone but themselves. One way to cancel extradition and focus back on the collusion of prosecutors and Japan's bankrupt justice system. At some point Japan will have to stop hitting itself

One stock owner appeared to speak up for Ghosn, stressing Nissan had lost people's trust after ousting him without giving him a chance to defend himself over problems that might have been solved internally, instead appearing to collude with prosecutors and government officials.

4 ( +4 / -0 )

AlexDecu, the shareholders saw through Nissan, why can't you? Ruins your Japan can't be wrong worldview if Japanese themselves don't trust Nissan

You can still be in favour of Japanese companies if you can choose ones that didn't collude with prosecutors for all the world to see

5 ( +5 / -0 )

I will not be surprised if Nissan eventually got brought by either French Renault or any Chinese company. I added Chinese companies here because Nissan has decided to expand production and selling into the Chinese market. China is notorious for unfair trade practices and protectionism, so Nissan won't stand a chance against any Chinese automaker who got full support from the CCP. The CCP will make Nissan unprofitable in the long run, then eventually use an elaborate scheme to make Chinese investors acquiring the entire company. This was how a Chinese firm brought out Segway!

Either situation with French or Chinese, Abe administration with his nationalist force have failed with the plan of preventing Nissan to become a foreign company.

3 ( +3 / -0 )

Saikawa was accused of the same charges and walked away without being put in jail for a single day. All anyone has to ask is why isn't Saikawa in jail if Ghosn is supposed to be?

7 ( +7 / -0 )

Karma strikes again!

3 ( +3 / -0 )

I will not be surprised if Nissan eventually got brought by either French Renault or any Chinese company.

Oooh I think Renault wants to sell more then you could believe the problem is at what loss .

Nobody in their sane mind would want to buy any Japanese company now ? Like how will that work ?

You can't speak Japanese you can't read or write Japanese and yet you somehow managed to hide income tax in Japan ? Scary stuff this mate

2 ( +2 / -0 )

Nissan was second rate rubbish after the gold rush of the early 90s anyway, they have only realy made one car since those good hey days and that was the GT-R , nothing else they have done has been of any substance and their product has been substandard to keep costs low so they could remain competitive.

Cutting corners is how ghosen got them through the tough times and it reflected in their product, crappy parts , poor life expectancy etc.

0 ( +2 / -2 )

Nissan cars in Europe aren't reliable at all, it's a shame. You can only choose Renault engines, it's s mistake. They main point to buy a Japanese car is reliability.

1 ( +1 / -0 )

So many weeaboos here painted Ghosn as the big, bad wolf because he made job cuts to get Nissan back on track. Now this guy, Uchida, wants to do the same...

3 ( +3 / -0 )

Bye bye Nissan

Give it a few years and they'll end up like Sharp

5 ( +5 / -0 )

It's quite obvious that Japanese cannot run Nissan, it is time to sell Nissan to foreigners again, but with a clear majority stake so that the new foreign owner can just wipe out incompetent Japanese executives and replace them with international experts in auto restructuring.

3 ( +4 / -1 )

Nissan is a fine product.... Just penny wish and dollar foolish Heard they are thinking about killing the Nv cargo van line Big mistake....... finally has a following and zip Dummies

0 ( +0 / -0 )

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