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Posts Tagged ‘Nissan’s Ghosn’

Renault-Nissan Partnership Set to Overcome Latest Crisis, Says Ghosn

Expect a lot more consolidation in the auto industry, says Renault-Nissan CEO.

by on Oct.28, 2015

While consolidation is essential to the auto industry, it won't be easy to make work, warns Ghosn.

The 16-year-old alliance between Japan’s Nissan and France’s Renault isn’t about to break down, Carlos Ghosn, who serves as CEO of both companies, said during an appearance at the Tokyo Motor Show.

Widely considered the most successful relationship of its kind in the auto industry, questions have been raised by reports that the French government wants to raise its stake in Renault, something that could shift the power balance of the alliance. Some observers now expect Nissan – which holds no voting rights in its ally – to step in and purchase a stake in Renault.

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While Ghosn declined to address specifics, he stressed that he doesn’t see the Renault-Nissan Alliance breaking down. “From time to time you are going to have crisis, problems, divergence,” he said during his news conference, but the two companies are “aligned on the fact that the alliance has been a tremendous success.” (more…)

Nissan Profits Jump 5%, Sales Outpace Industry

“Satisfactory” earnings and an optimistic forecast.

by on May.12, 2014

Nissan CEO Carlos Ghosn announcing earnings.

Its sales outpacing the rest of the global industry, Nissan Motor Co. earnings increased 5% for the January to March quarter – though favorable exchange rates also helped drive up earnings.

Nissan’s numbers came out ahead of the predictions by a group of analysts surveyed by FactSet. The automaker also signaled that it expects further growth during the fiscal year that began on April 1, countering arch-rival Toyota which issued a more cautious forecast for the coming year.

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For the most recent three-month period, sales jumped 20%, to 3.2 trillion yen, or $31 billion, but the quarterly profit of 114.9 billion yen, or $1.1 billion, but a more modest 5%, from 109.7 billion yen, something described only as “satisfactory” by Nissan CEO Carlos Ghosn, who said the company must work harder in “pursuing profitable growth opportunities, focusing relentlessly on quality and enhancing our sales power.” (more…)