Nissan's Ghosn to serve as Mitsubishi Motors chairman

TOKYO -- Nissan Motor President Carlos Ghosn will serve as chairman of scandal-hit Mitsubishi Motors, sources said on Wednesday.

Nissan has asked Osamu Masuko, Mitsubishi's chairman and president, to stay on as president, the sources said.

By the end of the month, Nissan plans to acquire a 34% stake in Mitsubishi, which is struggling in the aftermath of a scandal over false mileage data. The idea is to kick-start the reform process by having Ghosn -- the chief of the Nissan-Renault alliance -- oversee Mitsubishi's management.

Mitsubishi's board is to sign off on the decision after a shareholders meeting in December. 

The data scandal came to light in April, when the company admitted that employees manipulated fuel economy information for its minicars.

With the planned investment, Mitsubishi will effectively join the Nissan group.

Ghosn, who will be directly involved in running Mitsubishi, will work to change the automaker's culture and explore synergies.

Comments

Post a Comment

Popular posts from this blog

Canada earmarks $3.5bn to boost women, children’s health in Nigeria

Image
Canadian High Commissioner to Nigeria, Dr Christopher Thorney, has disclosed that the Canadian government has earmarked $3.5 billion to advance the health of women and children in Nigeria. Read more at: https://www.vanguardngr.com/2017/10/canada-earmarks-3-5bn-boost-women-childrens-health-nigeria/ Canadian High Commissioner to Nigeria, Dr Christopher Thorney, has disclosed that the Canadian government has earmarked $3.5 billion to advance the health of women and children in Nigeria. Read more at: https://www.vanguardngr.com/2017/10/canada-earmarks-3-5bn-boost-women-childrens-health-nigeria/ Canadian High Commissioner to Nigeria, Dr Christopher Thorney, has disclosed that the Canadian government has earmarked $3.5 billion to advance the health of women and children in Nigeria. Read more at: https://www.vanguardngr.com/2017/10/canada-earmarks-3-5bn-boost-women-childrens-health-nigeria/   Dr Christopher Thorney, Canadian High Commissioner to Nigeria, says th...
Read more

Christmas tragedy.... Governor dies just few days after being sworn into office in an air crash

Image
The governor of Mexico's central Puebla state, Martha Erika Alonso, has died in an air crash, just days after being sworn into office. Her husband, Senator Rafael Moreno Valle, was also killed. Reports from Mexico say the accident happened shortly after the aircraft took off from the city of Puebla. Ms Alonso, 45, became the first female governor of Puebla after hotly contested elections. She was member of the centre-right PAN party. The deaths were confirmed by Mexico's new President, Andrés Manuel López Obrador. In a tweet (in Spanish), President López Obrador expressed "deepest condolences" the relatives of the two politicians. He said an investigation would be launched to establish "the truth" about what caused the crash. En lo personal, mi más profundo pésame a los familiares del senador Rafael Moreno Valle y de su esposa, la gobernadora de Puebla Martha Érika Alonso. Como autoridad, asumo el compromiso de investigar las causas; decir la...
Read more

Manchester United's Jose Mourinho told me I had future at club - Andreas Pereira

Image
Manchester United midfielder Andreas Pereira has told ESPN Brasil that Jose Mourinho contacted him regularly last season to let him know that he was going "to have a future" at Old Trafford. The 22-year-old made 13 appearances for the first team during Louis van Gaal's tenure before Mourinho opted to send him on loan to Granada and Valencia the following campaigns in order to secure more regular time in La Liga. Pereira made the most of the opportunity to impress Mourinho, and the United boss showed his faith in the Belgium-born Brazil youth international last week by giving him a starting role in the 2-1 victory over Leicester City. "I am very happy to be back this year here," Pereira said. "After two years out there are new things. I am very happy to be here and very proud. I'm very happy. It is a very happy moment for me. I have to thank the manager and my family. I came here because of him, thanks to opportunity he gave me, and to ...
Read more