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Ghosn Likely to Lead Mitsubishi Board After Acquisition

Adding Mitsu may put Renault-Nissan at top of the sales heap.

by on Oct.19, 2016

Carlos Ghosn is likely to be named chairman of Mitsubishi Motors after Renault-Nissan acquires a controlling stake in the maker.

Renault-Nissan CEO Carlos Ghosn appears to be adding another title to his business card: Chairman of Mitsubishi Motors Corp.

The move, reported by Reuters, is expected to come after Renault-Nissan completes the $2.2 billion acquisition of a controlling stake – expected to be about 34% – in Mitsubishi in the weeks to come. Ghosn will helm a company, Mitsubishi, whose shares have fallen more than 40% this year.

Global Auto News!

Ghosn, who helped pull Renault out of a financial ditch in the 1990s and improve Nissan’s earnings in the decade following, orchestrated the ongoing purchase of Mitsubishi after its sales plunged in the wake of its fuel economy rating crisis earlier this year. (more…)