Nissan To Appoint Carlos Ghosn As Mitsubishi CEO

Carlos Ghosn is poised to become the CEO of three different automakers at the same time, as Nissan is ready to appoint the 62-year old man at the helm of Mitsubishi Motors.

Published by AutomotiveNewsEurope, which is citing Nikkei, Reuters, and Bloomberg, the information states that Ghosn has already spoken to Mitsubishi President and Chairman, Osamu Masuko, asking him to remain president once Nissan takes control of the smaller automaker. The Renault-Nissan Alliance has yet to confirm the report, as a spokesperson has called it nothing else than pure “speculation”, while Mitsubishi is following a similar pattern and refuses to comment.

SBI Securities’ auto analyst Koji Endo says that once Carlos Ghosn grabs the reins at Mitsubishi, he will be able “to do things he did at Nissan, such as combining platforms, cutting costs and even closing plants. In order to implement such massive restructuring, you need someone as powerful as Ghosn to get things going.

Nicknamed “Le Cost Killer” after taking some radical decisions within Renault and Nissan, Carlos Ghosn’s new job is not seen with the same eyes by everyone, as Frankfurt-based analyst with AlphaValue, Hans-Peter Wodniok, commented: “I think he has enough work to be done at both Renault and Nissan. He should also spend all his time in these two companies rather than taking on another job in Japan.

Nissan admitted earlier this year that it will buy a 34 percent stake in Mitsubishi for roughly $2.3 billion, after the latter was caught falsifying the mileage in several vehicles, including two made for Nissan. The deal is set to be closed by the end of this year.

PHOTO GALLERY

Tuscan Sun Rolls-Royce Cullinan Is Pure Wealth On Wheels

Aside from its Tuscan Sun exterior, this Rolls-Royce Cullinan features a dual-tone Dark Spice and Tan interior.

Genesis G70, BMW 7-Series And Others Awarded For Their Infotainment Systems

Kia and Hyundai took top honors in four out of a possible eight vehicle segments.

B&B-Tuned VW Beetle Convertible Has 380 PS, Hits 62 MPH In 5.2 Sec

It will cost you almost €10,000 to get B&B’s Stage 4 kit for the Beetle Cabrio 2.0 TSI.

Fiat Chrysler Planning To Test Vehicle-To-Grid Technology In Italy

FCA is joining forces with Terna for an innovative technology laboratory able to trial various electric mobility services.

France-Only Dacia Duster Black Collector Edition Goes On Sale Exclusively Online

The Duster Black Collector will be built in a limited run of 500 units solely for the French market and is priced at €19,490.

Toyota Boss Suggests Lexus Could Take To The Skies, Start Making Jets

Akio Toyoda has suggested Lexus could join Honda in the world of exclusive jets.

Skoda Karoq Production Hits The 250,000-Mark In Just 2 Years

Finished in black and powered by the 1.0 TSI engine, the milestone car was manufactured at Skoda’s Mlada Boleslav plant.

VW And Porsche Recalling 227,000 Cars Over Seatbelt And Airbag Issues

VW and Porsche have airbags and seatbelt pre-tensioners that may triggered incorrectly.

Tesla Says Model S Plaid Could Record 7:05 Nurburgring Lap Next Month

Tesla isn’t satisfied with the Model S Plaid prototype’s 7:20 ‘Ring time and thinks it can shave of a whole 15 seconds.

Robert Kubica Leaves Williams F1 After Just One Season

The Pole officially announced his departure from the British team, and most probably Formula 1, after struggling with performance.