FoMoCo chief Alan Mulally makes more than Toyota’s Akio Toyoda, Nissan’s Carlos Ghosn, and Honda’s Takanobu Ito – combined. The three Japanese heads earned 100 million yen ($1.1 million), 891 million yen, and 115 million yen, respectively. Mulally earned $17.9 million in 2009. Bear in mind that FoMoCo’s salaries are not subject to the same [...]
Speaking at a luncheon at the Detroit Economic Club at the Cobo Center yesterday, Renault and Nissan CEO Carlos Ghosn said that size matters when it comes to an automaker’s survival in the industry. He said that to cope with rising cost, a successful automaker must be able to compete in every market, segment and [...]
Nissan, like Toyota and Honda, is forecasting huge profits this year, courtesy of recovering demand in North America, and a sales surge in China. Nissan, Japan”s third-largest automaker, may realize a boost in net income of over 100 billion yen for the fiscal year ending March 31, as compared to one year previous. Sales could [...]
Daimler and Chrysler’s divorce back in day is one that made headlines in the automotive industry. Chrysler, which was originally sold by Daimler to investment company Cerberus Capital Management, is now under the management control of Fiat SpA after undergoing a government-scripted Chapter 11 bankruptcy. Comparing its new alliance with Renault-Nissan, Daimler CEO Dieter Zetsche [...]
Renault and Daimler have been in talks of entering into an equity tie-up a spart of a long-term partnership, and now Nissan may join the table. “We are talking with many companies, many partners but I don’t want to make any comment on something that is absolutely not decided or something which has absolutely not [...]
Carlos Ghosn, Renault/Nissan CEO said that he is still looking for another strategic partner to cut costs on global technology and vehicle costs. Speaking at the 2010 Geneva Motor Show, Ghosn said that he still wants to expand the Renault/Nissan alliance and pursue partnerships. General Motors turned down a deal more than three years ago [...]
Renault/Nissan CEO, Carlos Ghosn, said that General Motors Company would have been better off if it had formed an alliance with his companies in 2006. GM and Renault/Nissan called the talks off in October 2006. “Without any doubt,” he said during a forum sponsored by the Council on Foreign Relations. “We knew fundamentally that this [...]
Nissan’s CEO Carlos Ghosn told Automotive News today that he has ruled out a stand-alone hybrid like the Toyota Prius. “We don”t have this in our plans,” Ghosn said. “We are not intending to play a leadership role in hybrids. “One company already assumed leadership in the technology. We want leadership on EVs.” Ghosn said [...]
Coming as a shocker to most of us, Penske Automotive Group announced yesterday that it has “terminated its discussions with GM to buy Saturn, citing concerns directly related to the future supply of vehicles beyond the supply period it had negotiated with GM.” Originally, Pesnke’s plans were to sell GM made models for the next three [...]
Renault and Nissan CEO Carlos Ghosn believes that U.S. auto sales should begin recovery towards the end of 2009. On the other hand, Ghosn said that he doesn’t expect to see the European auto market to recover before 2011. “I don’t see it in Europe before 2011. I see 2010 at the same level of [...]
