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Posts Tagged ‘Carlos Ghosn’

Renault-Nissan’s Ghosn Raises Caution Flag for U.S. Auto Market

Exec expects NAFTA to survive, despite threats from Trump.

by on Sep.28, 2017

Carlos Ghosn relinquished his title as Nissan CEO this year to focus more on Mitsubishi.

After months of decline, September could bring some good news for U.S. automakers, with a modest upturn in new vehicle sales. But don’t expect that upturn to last long, warns Carlos Ghosn, CEO of the Renault-Nissan Alliance.

The Brazilian-born executive said that sales in the U.S. market are likely to remain “stable,” meaning no growth. On the other hand, he told CNBC he doesn’t expect the serious downturn that some observers have begun to worry about after months of weak sales.

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Asked if there’s an opportunity for the American market to grow, following three record years of sales, Ghosn said, “I’m not planning on that,” adding that, “For the next six years we’re seeing a stable U.S. market (but) we don’t see growth in the U.S.”

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Ghosn Rules Out Full Nissan-Mitsubishi Merger

Mitsu needs to “reform itself.”

by on Apr.28, 2017

The Mitsubishi Eclipse Cross is expected to translate into a new production crossover.

While Nissan has taken a controlling stake in long-troubled Mitsubishi and replaced most of the smaller maker’s key managers, don’t expect to see a full merger of the two companies.

Instead, expect to see the two companies expand their ties – which is likely to mean more platform sharing, as well as the joint development and use of electrified powertrain technology.

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“Full merger is not on the table. We want Mitsubishi to reform itself,” said Carlos Ghosn, the Nissan Chairman who recently took on that same post at the smaller company.

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Major Management Changes Coming at Nissan

Nakamura retires, Albaisa gets promoted, BMW’s Habib to take on Infiniti styling.

by on Mar.14, 2017

Nissan's Shiro Nakamura helped build the maker's reputation for strong designs.

More big managements changes are in the works at Nissan Motors Corp., barely three weeks after Carlos Ghosn relinquished his title as CEO of the Japanese automaker.

The latest wave impacts Nissan at a variety of senior levels, both at its headquarters in Japan and in the critical U.S. market. That starts with the announcement that Shiro Nakamura, the well-respected Nissan Chief Creative Officer, will be retiring. He will be replaced be Alfonso Albaisa, who had been overseeing design at the maker’s Infiniti division. In turn, Albaisa will be replaced by former BMW Design director Karim Habib.

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Still other major management shifts come as Nissan moves to cement its control over Mitsubishi, the long-troubled Japanese automaker that was rescued by a Nissan bailout late last year. Four more Nissan executives will move over to the smaller maker starting in April.

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Ghosn to Add New Duties as Chairman of Mitsubishi

“It is going to be difficult.”

by on Oct.20, 2016

Saving Mitsubishi "will require tough decisions," said new Chairman Carlos Ghosn.

Already serving as the CEO of both French automaker Renault, as well as its Japanese alliance partner Nissan, Carlos Ghosn will now become chairman of embattled automaker Mitsubishi.

It will put the Brazilian-born executive in a familiar role. He became chief operating officer at Nissan in 1999, following a $6 billion investment by Renault, and helped turned the then-struggling Japanese company around. Following a series of scandals, Mitsubishi now needs similar help.

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And it could also help boost give a big boost to the Renault-Nissan Alliance, adding just enough volume for the Franco-Japanese partnership to brush aside rival Toyota to become the world’s best-selling auto company.

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Nissan Looking to Sell Battery Manufacturing Operations

Panasonic reportedly one possible buyer.

by on Aug.08, 2016

The Nissan Leaf has been the world's best-selling battery car since its late 2009 launch.

Nissan Motor Co. is reportedly looking to sell its battery manufacturing operations, with Panasonic Corp. considered the most likely buyer.

Japan’s second-largest automaker has made a major bet on electric vehicles, but, with the market for battery cars running slower than expected, it is seeking to unload its 51% stake in the Automotive Energy Supply Corporation, or AESC, joint venture. The likely buyer, according to a report by the Reuter’s news service is Panasonic, which is the partner in Tesla’s Gigafactory battery plant in Reno, Nevada.

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“The report on Nissan and its battery business is speculation and is not based on any announcement by us,” David Reuter, a senior company spokesman, told TheDetroitBureau.com. But he also noted that the maker will “continuously evaluate our business strategy in pursuit of optimal products and business structure.”

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Nissan Launches ProPilot At Awkward Moment

Japanese automaker opts for cautious approach as Tesla Autopilot comes under fire.

by on Jul.15, 2016

The new ProPilot system goes beyond active cruise control but is not hands-free.

With a goal of launching its first fully self-driving vehicle barely four years from now, Nissan is taking a first big step to get there with the launch of its new ProPilot system.

But the debut of the semi-autonomous technology comes at a potentially awkward moment, rival Tesla Motors taking serious heat for a series of crashes that may be linked to the U.S. maker’s similar Autopilot systems.

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It’s perhaps no surprise, then, that Nissan officials put as much emphasis on the limits of ProPilot as they did on the new system’s capabilities during a preview at the company’s headquarters in Yokohama, Japan.

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Infiniti May add Semi-Autonomous Technology for Most New Models

Next step: fully autonomous vehicles.

by on Jun.08, 2016

The Infiniti Q50 already offers a steer-by-wire system that would readily enable autonomous driving.

Luxury brand Infiniti is likely to add semi-autonomous driving capabilities to most of its new models, the Nissan subsidiary’s president said, during an appearance at a global auto industry summit in Chongqing, China.

The move would potentially put Infiniti on a par, and perhaps ahead, of key luxury rivals in the race to bring fully self-driving vehicles on the road by the early part of the coming decade. And Infiniti’s announcement would echo the aggressive goals of Nissan CEO Carlos Ghosn, who has said the second-largest Japanese automaker wants to have as many as 10 autonomous vehicles in production by 2020.

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“This will be rolled out as we are launching new vehicles one by one,” Roland Krueger, Infiniti’s president, told the Reuters news service.

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Nissan Confirms Plan to Buy 34% of Scandal-Plagued Mitsubishi

Fire sale will give it control over smaller maker.

by on May.12, 2016

A "win-win," says Nissan CEO Carlos Ghosn - who also promises Mitsubishi "will change."

Nissan Motor Co. will take a controlling 34% stake in troubled Mitsubishi Motors for $2.2 billion, the two automakers confirmed on Thursday morning, something Nissan CEO Carlos Ghosn described as a “win-win” for both companies.

The announcement came on the same day the larger of the two makers announced that its earnings for the January-March period, the final quarter in its fiscal year, had dropped by 40%, largely due to weak sales and a strong yen.

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The decision to acquire a stake in Mitsubishi comes as the smaller maker continues to reveal damaging information about a secret effort to inflate its fuel economy numbers for as much as a quarter century. That scandal — ironically, triggered by concerns at Nissan over the mileage of cars it sells that are produced by Mitsubishi – have hammered the small maker’s sales and led to a more than 40% dip in its share price over the past month.

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Nissan and Renault Set to Launch 10 Autonomous Vehicles by 2020

“The future is not clear,” says CEO Ghosn.

by on Mar.24, 2016

“This is not a time to be conservative or cautious,” said Renault-Nissan CEO Carlos Ghosn in NY.

Already the world’s number one producer of battery-electric vehicles, Japan’s Nissan and its French alliance partner Renault intend to become the leader in autonomous driving, as well – CEO Carlos Ghosn telling a New York International Auto Show audience the partners intend to offer 10 vehicles with “significant autonomous drive functionality” by 2020.

According to Ghosn, the Renault-Nissan Alliance will begin to roll out increasingly advanced version of its technology over the next four years, starting with cars capable of operating hands-free in a single lane on limited-access highways. The next step will allow vehicles to pass and change lanes, with the alliance’s first, fully autonomous car set to go into production by 2020.

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“This is not a time to be conservative or cautious” about changing technology, said Ghosn, who added that traditional automakers face a series of potential challenges, some posed by an assortment of outside tech companies like Google and Apple.

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Renault and Nissan Tighten Embrace to Boost Earnings

Partners target $6 billion in new synergies.

by on Mar.04, 2016

Renault-Nissan Alliance CEO Carlos Ghosn sees more opportunities for savings.

Already one of the most successful partnerships in automotive history, the Renault-Nissan Alliance is targeting an additional $6 billion in new “synergies” by 2018, the two carmakers announced Friday.

The plan comes as something of a victory lap for Carlos Ghosn, the Brazilian-born executive who serves as CEO of the two companies. Late last year, he beat back a push by the French government, a major investor in Renault, which threatened to fracture the Euro-Asian alliance.

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“The auto industry is rapidly evolving, requiring Renault and Nissan to leverage the Alliance as a pragmatic business tool,” said Ghosn in a prepared statement.

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