Carlos Ghosn says he won’t leave Nissan until it’s profitable

Posted: May 13, 2009

Nissan CEO Carlos Ghosn said that he has no plans to resign until the Japanese automaker is “once again comfortably making profits.”

When Ghosn joined Nissan from Renault in 1999 as chief operating officer, he said that he expected to stay for 10 years.

“If you leave now, you wouldn’t be leaving — you would be deserting,” he said in an interview, after announcing his first annual operating loss on Tuesday.

Ghosn said that the “comfortable profits” were expected to come in the fiscal year ending 2011; assuming that auto demand stayed at 54 million vehicles, the dollar averaged 95 yen and Nissan cut costs.

However, the global economic crisis and the strong yen have pushed back Nissan’s goals.

- By: Kap Shah

Source: Reuters

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Tags: Carlos Ghosn

GMfan87

i used to hate nissans. however, their quality has improved greatly in recent years.

The Top Bikes

his pajamas are weird,
NIssan does always good,
hope carlos get other chance to leave Nissan i would love to see someone better

Neil

Does he realize how much of a dork he looks like

zermatt

Hey!!!

I used to have pajamas just like that when I was a kid.

Omar Rana

Were they Spiderman pajams? or have you always dreamed of being a Nissan test driver ever since you were a little kid

zermatt

Not Spiderman - comics were not allowed in the house. Mother liked geometric designs.

I let my kids pick their own. One of them would choose the Ghosn look and the other would choose Spiderman.