Deals
Nissan’s New CEO Takes Over With Long List of Problems to Fix
- Uchida picked as chief after Ghosn’s arrest leads to turmoil
- Its profit at decade low, Nissan faces tectonic industry shift
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Only once before has a leader of Nissan Motor Co. inherited challenges as monumental as those confronting Makoto Uchida, who is starting his first week as chief executive officer.
The last time Nissan faced an existential crisis was two decades ago, when it was on the verge of bankruptcy and was rescued by Renault SA, which took a stake in the Japanese carmaker and sent in Carlos Ghosn to turn it around. Ghosn later added Mitsubishi Motors Corp. to the pact, which became the world’s biggest carmaking alliance under the former chairman and CEO.