New Nissan boss vows to turn page on financial scandals

Time 11:31 am, December 2, 2019

NISSAN’S new chief executive today reaffirmed the importance of the Japanese carmaker’s alliance with Renault and Mitsubishi as it strives to puts its financial scandals behind it.

A day after he took office, Makoto Uchida, pictured, told reporters he will emphasise transparency and work to restore Nissan’s credibility.

Uchida takes over at a time of crisis, with sales and profits tumbling, after former Nissan chairman Carlos Ghosn was arrested last year on various financial misconduct charges.

Ghosn denies wrongdoing. His trial hasn’t started, and the scandal hangs like a shadow over Nissan.

Analysts say hopes are high Uchida and his new team will lead a revival at Nissan. But uncertainties remain, and the effort is likely to take time.

Uchida was appointed after his predecessor, Hiroto Saikawa, resigned in September.

Image: Eugene Hoshiko/AP

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