Mitsubishi Follows Nissan’s Footsteps, Sacks Carlos Ghosn From Chairman

Following Nissan’s similar decision, Mitsubishi Motors announced the removal of Carlos Ghosn from the Chairman position after the executive’s arrest in Japan for alleged financial misconduct last week.

Mitsubishi CEO Osamu Masuko will become temporary Chairman, the company said in a statement.

That leaves Renault as the only company in the alliance with Ghosn still as the chairman and CEO. Executives from all three car makers will meet this week in Amsterdam in order to shield their alliance from the fallout of Ghosn’s arrest, Reuters reports.

Ghosn became Chairman of Mitsubishi, after Renault-Nissan acquired a 34 percent stake in 2016. At that time, Mitsubishi was still suffering from a fuel economy scandal as the company had admitted rigging the official tests. Ghosn was soon praised for bringing stability to the troubled automaker.

Analysts predict an incoming power struggle between Nissan and Renault, now that Ghosn is out of the picture. The Japanese car maker is still a junior partner in the alliance structure, despite being almost 60 percent bigger than Renault by sales. The French carmaker owns 43 percent of Nissan, while the Japanese company holds a 15 percent non-voting stake in Renault.

Carlos Ghosn, who according to Japanese media denies the misconduct allegations, was allegedly pushing for a deeper tie-up between Renault and Nissan, and despite the Japanese company’s strong reservations.

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  • Six_Tymes

    really dumb…

  • Mr. EP9

    It’s already been said before but he’s finished. At some point Renault is going to give him the boot as well. Well, Ghosn and Kelly are going to have one hell of a fight when they both go to trail.

  • The sad thing for The Alliance, is that it’s going to be an Armada with no Admiral. All the captains will do what they want. Unless a strong man with a vision is put in control… Nissan “only a junior partner”, will want to control. We have to remember that this guy saved Nissan, Can pretty much be credited for the current success of Renault, and that so far he did a good job helping Misubishi. Yeah Nissa only has 15% of Renault, but when Renault took 43% of Nissa… they took 43% of something maybe worth something one day. The admiral was crooked, nerver liked the man, but
    es Alliance Carlos Tavares seemed to have been the perfect replacement when you see his great work at PSA… There might be others like him at Renault-Nissan-Mitsubishi waiting to shine.

  • pcurve

    He has done some good for the alliance, but let’s face it, Nissan and Infiniti are still considered 2nd tier brands below Toyota and Honda. Time for fresh blood.

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