Makoto Uchida, the new Nissan CEO said that though Nissan Motor Co is involved in commitment of automaking alliance with French automaker, Renault SA, the future will not see the company looking to deepen its ties. New CEO explained on Monday. The first day of the new chief executive had him explaining further about the profitability. He said that the focus will be to repair the profitability. The target can be achieved by setting the realistic goals. A clean break from the leadership of Carlos Ghosn, ex-chairman. He further said - "Closer capital ties with Renault are not a focus in the short term". Makoto Uchida became CEO on December 1 and have a set target on mind of recovering from a profit slump after Ghosn scandal. Salvaging ties with Renault is one of the biggest challenges for the new CEO. Association with Renault has seen a downfall since Ghosn left. Renault has 43.4% stake in Nissan and helped the Japanese automaker overcome financial losses, around two decades back.
Uchida explained that the alliance with Renault must serve all the three members, Mitsubishi Motors is also one of the members. He added - "The alliance has to benefit each of its partners in terms of revenue and profit. We need to re-evaluate what has worked and what hasn't worked in the alliance in the past few years". He said, setting challenging but achievable targets, is the key for recovering losses. Launching new vehicle technologies and car models will also help in the recovery process.
Tags : Makoto Uchida, Nissan CEO, Nissan Motor Co, Renault SA,