Mitsubishi Receives A Much Needed Help – Le Cost Killer Carlos Ghosn

Feb 27, 2017 10:20 AM EST | Joyce Vega

Renault and Nissan have been strategic partners since 1999. They have nearly 450,000 employees and control nine major brands: Nissan, Renault, Infiniti, Renault Samsung Motors, Dacia, Datsun, Venucia, Lada, and Mitsubishi. Mitsubishi has joined the Alliance in 2016. The strategic partnership is not a merger or an acquisition. The companies have joined together through a cross-shareholding agreement.

Nissan’s CEO Carlos Ghosn has stepped down as CEO of the company to focus on Renault and Mitsubishi. He has been with the Japanese automakers for 19 years where he helped save the firm from bankruptcy during the late 1990s and early 2000s.

According to The Motor Report, Carlos Ghosn will remain Chairman of the Board of Directors at Nissan. He will continue to supervise and guide the company. This change will allow him to devote more time and energy to managing the strategic and operational evolution and expansion of the Renault-Nissan-Mitsubishi Alliance.

Carlos Ghosn has broad knowledge in finances, manufacturing, sales, marketing, and he is credited with bringing Nissan back from the brink of insolvency. He was nicknamed “Le Cost Killer”. Nissan is the strongest of the three Alliance companies.

However, the combined forces of the two Japanese brands and Renault rival Toyota and the Volkswagen Group in annual sales. Japanese industry analyst Takeshi Miyao says that Ghosn will most likely focus on enhancing and bringing up profitability at all the alliance members, which will make them less dependent on Nissan.

According to Carbuzz, Hiroto Saikawa will replace Carlos Ghosn as a CEO. Hiroto Saikawa has worked at Nissan since 1977. He was running American and European operations and was overseeing global purchasing, manufacturing, supply chain management, research, and customer satisfaction. Ghosn reported that he has groomed Saikawa for many years and that he is happy to have him as a successor. Hopefully, this change will help Mitsubishi get back on track.

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