Carlos Ghosn’s successor at Nissan may fail to get partner Renault’s backing if he continues to oppose merger

//Carlos Ghosn’s successor at Nissan may fail to get partner Renault’s backing if he continues to oppose merger

Carlos Ghosn’s successor at Nissan may fail to get partner Renault’s backing if he continues to oppose merger

Carlos Ghosn’s arrest threw Nissan Motor into a corporate tailspin with allegations of self-dealing, profligate spending and filing false statements. Now the carmaker’s profits are falling off a cliff, and successor Hiroto Saikawa may go down with them.Troubled by slumping US sales, ageing models and a product cycle that’s out of sync, the Yokohama-based company is on track to announce on Tuesday its lowest annual operating profit in a decade, raising the possibility of a dividend cut. The…

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By | 2019-05-12T04:57:39+00:00 May 12th, 2019|Business|Comments Off on Carlos Ghosn’s successor at Nissan may fail to get partner Renault’s backing if he continues to oppose merger