AssetID: 54740072
Headline: UNCAPTIONED: Carlos Ghosn Slams Nissan's Leadership, Warns of 'Desperate Situation'
Caption: Carlos Ghosn Slams Nissan’s Leadership, Warns of ‘Desperate Situation’. Former Nissan and Renault boss Carlos Ghosn has blasted Nissan’s current management, claiming the company is in a “desperate situation”, and predicting its decline years ago. While the Nissan-Renault alliance still exists, their cross-shareholdings are shrinking and Renault is buying out Nissan’s stake in their Indian operations. Ghosn, 71, says Nissan’s leadership is to blame for slow decision-making and strategic missteps. He claims the company is now so weakened it’s been forced to seek help from rival Honda. Talks of a Nissan-Honda merger quickly collapsed, though—partly because, according to Ghosn, Honda aimed for a “disguised takeover” rather than an equal partnership. Honda later confirmed it wanted to make Nissan a subsidiary, not a partner. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Motoring,Carlos Ghosn,slams,Nissan,leadership,warns,desperate situation,Renault,boss,alliance,cross-shareholdings,shrinking,buy,Indian operations,strategic missteps,slow decision-making,merger,fell apart,seek help,rival,Honda,disguised takeover
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