Nissan CEO Hiroto Saikawa Plans To Keep His Seat For Longer Than Suggested

Hiroto Saikawa, Nissan’s Chief Executive Officer, reportedly intends to keep his position in the company despite saying in January that he would step downshortly .

According to Bloomberg, though, which cites people familiar with the matter, Saikawa said during an internal meeting that he plans to stay at least three more years as a CEO in order to help Nissan recover from the Ghosn scandal.

The same sources claim he detailed his plan about the length of his tenure to senior executives soon after the January 24 press conference, where he indicated that he would give up his position “as soon as possible”.

Saikawa, who publicly accused Ghosn of financial misconduct, was appointed Nissan CEO in 2017 by Ghosn. Tensions between the two emerged after an inspection scandal forced Nissan to shut down Japanese production for two weeks and recall one million vehicles. Ghosn then criticized Saikawa for moving too slowly to address the company’s problem.

Despite of Saikawa’s plans, there’s no guarantee that he will stay at Nissan’s top spot if the company takes a serious hit from the Ghosn scandal. However, if he manages to cement his position in the company, he could make things harder for Renault, who is said to want to push for deeper ties with its Japanese partner.

If Saikawa indeed wants to stay for three more years, that means that his tenure will be extended until 2022 and coincide with Nissan’s “MOVE to 2022” strategy plan. According to “MOVE to 2022”, Nissan want to boost revenue to 16.5 trillion yen ($148.6 billion) and its operating margin to 8 percent.

  • charlotteharry57

    He’s the one behind Nissan’s recent sales declines. Because he’s determined to stop the excessive cash offers on Nissans. The only problem is that now that Nissans are priced in line with Toyotas and Hondas, and generally, have no where near the quality or driving characteristics of those two, big cash deals are crucial in moving Nissans out the door. It’ll be interesting to see how long he holds out.

  • Andrew Ngo

    So, this is one of them who destroyed Ghosn’s life. Whether Ghosn is guilty or not, he should not be treated like that. If Ghoson is guilty, Saikawa should go to jail too.

    • Mr. EP9

      Unfortunately, that’s common in Japan. People are routinely detained for months before trial and Ghosn’s lawyer is just one of many critics of the Japanese justice system.

  • Alduin


  • charlotteharry57

    Today the big news is that Nissan wants to end its partnerships with BOTH Mitsubishi and Renault. I can understand this. Don’t really care about Renault, but this is terrible news for Mitsubishi. Not that Nissan had really done anything visible for Mitsu…

Audi’s Futuristic AI:ME Is A Compact EV With A Pretty Welcoming Interior

Audi’s latest electric concept gives us a first taste of the brand’s upcoming compact EV.

Maserati’s One-Of-One Levante GTS Delivered To NBA Legend Ray Allen

The former NBA basketball player’s unique Levante has been personalized by Maserati’s One of One division.

Jaguar Design Boss Doesn’t Want Giant iPad-Like Screens In His Cars

The restyled Jaguar XE’s dual-screen setup is what design boss Ian Callum considers acceptable.

2020 Toyota Proace City Is A Rebadged, PSA-Built Compact Van

The Toyota Proace City goes on sale in Europe in early 2020 with multiple configurations, including Verso people-carrier.

2020 Audi TT RS Is Ready To Put A Grin On Your Face

The 2020 Audi TT RS is priced from $67,895 in the U.S. as first cars will arrive in dealerships this spring.

VW’s Tarok Pickup Could Be Priced In The Mid-$20,000 Range

VW sees an opening in the lower end of the market while its rivals chase sales of luxury pickups.

We Spy Europe’s 2020 Renault Koleos As China Model Quietly Debuts In Shanghai

The 2020 Koleos unveiled in China has subtle changes – is the Euro-spec getting a more extensive makeover?.

Volvo Deems Subscription Service A Must, Otherwise Amazon May Seize The Opportunity

Volvo’s U.S. subscription program has been opposed by a series of disgruntled dealers in California.

Aston Martin DBS 59 Honors 1959 24 Hours Of Le Mans 1-2

Commissioned through “Q by Aston Martin”, the Superlegerra-based special edition will be built in 24 examples.

Middle East-Bound 2019 Silverado RST And Trail Boss Come As Regular Cabs

Chevrolet has launched the all-new 2019 Silverado in the Middle East with two region-exclusive versions.