Nissan To FIRE Chairman Carlos Ghosen After ARREST For Financial Deception

Ghosn is one of those auto executives that is praised and yet if you look at his track record, he's a failure. Where Nissan is concerned, yet Renault got them over a financial hurdle, but instead of making Nissan's level of quality and reliability the standard for Renault too, the opposite happened. Buying control of Mitsubishi was patently stupid. Buying Mazda would have been more logical. Nissan used to battle Toyota for supremacy, but under Ghosn, Nissan gave up eons ago and is now a pathetic E-Z credit brand much like where Mitsubishi was 10 years ago.

Wouldn't mind seeing him go. His tenure has been long enough.

From the standpoint of a car guy, the cost cutting he pushed through destroyed Nissan. From a financial standpoint he was a genius, he cut costs to the bone and deconteted vehicles at Nissan/Renault but he managed to grow sales, and in 2018 had a higher profit margin than any full line automaker.

Are those profit reports like VW's honesty?

Sad to see someone abuse things when in a position of power. Where was their CFO when all this was going on?

Look up the word collusion and get back to me.

Pride goeth before the fall.

It always struck my a highly ironic that a French auto company (quirky, product non-salable outside of France, unreliable, costly to manufacture due to French socialist work rules) basically took over Nissan (prior to takeover - innovative, efficient, reliable, high-value product offerings, "happy" Japanese workforce) and proceeded to ruin it.

Does anyone remember how the French ended up running Nissan (into the ground)?

And Nissan took the cash infusion rather than going through reorganization.

Why do really smart successful people do really self destructive things...greed, ego and/or boredom.

Or perhaps the narcissistic belief they can do no wrong.

or think they wont ever be investigated or get caught.

which would be narcissism...