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February 26, 2021
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JAPAN-NISSAN
(2007-03-16)
(wgvu) - CARLOS GHOSN THE CHARISMATIC CHIEF
EXECUTIVE WHO LED NISSAN TO A TURNAROUND, IS GIVING UP HIS ROLE
OVERSEEING THE U-S MARKET.
THE MOVE IS PART OF A LARGER MANAGEMENT SHAKE-UP.
GHOSN REMAINS CHIEF OF BOTH NISSAN AND ITS ALLIANCE PARTNER
RENAULT, WHICH SENT GHOSN IN TO LEAD A REVIVAL IN 1999.
SOME NEW EXECUTIVES WERE NAMED IN THE SHAKE-UP. FIVE WERE NAMED
CORPORATE OFFICERS WHILE SIX ARE RETIRING OR LEAVING NISSAN.
SEPARATELY, NISSAN SAYS IT WILL CUT AUTO PRODUCTION AT TWO
FACTORIES IN JAPAN BECAUSE OF SLOW SALES.
LAST MONTH, NISSAN SLASHED ITS ANNUAL PROFIT FORECAST AFTER
SEEING A 22 PERCENT SLUMP IN EARNINGS IN THE OCTOBER TO DECEMBER
QUARTER. AT THE TIME, GHOSN DECLARED A "PERFORMANCE CRISIS" AT
THE JAPANESE AUTOMAKER.

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