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Nissan's Ghosn crisis

Ghosn's nearly 20 years at Nissan: in pictures

Some big moments that took 'Le Cost Cutter' from savior status to arrest

Carlos Ghosn's tenure at Nissan Motor has included heavy cost cutting, but also the development of the Leaf electric vehicle and the revival of the GT-R sports car.

Carlos Ghosn has demonstrated powerful leadership in the nearly 20 years since he joined Nissan Motor in 1999. The Nikkei Asian Review takes a look back.

 

March 1999: Nissan and Renault agree to capital tie-up

  © Reuters

Renault Chairman Louis Schweitzer, right, and Nissan President Yoshikazu Hanawa announce their companies' alliance in Tokyo on March 27, 1999. Three months after this news conference, Ghosn joins Nissan and begins to alter the Japanese automaker's trajectory.

 

October 1999: Nissan announces revival plan

  © Reuters

Nissan Chief Operating Officer Ghosn outlines the automaker's revival plan, calling for drastic cost cuts. He even moves to dismantle Nissan's web of affiliated suppliers, long a corporate sacred cow.

Ghosn attends the first shipment ceremony for Nissan's new Cima in Tochigi Prefecture in 2001.

 

December 2007: Nissan revives GT-R sports car

  © Reuters

Ghosn unveils a GT-R during the 40th Tokyo Motor Show in Chiba, east of Tokyo, in October 2007. The sports car went on sale in December. It is, perhaps, Ghosn's attempt to hush critics who said the boss focused too much on cost cuts while ignoring Nissan fans' demands for sleek automobiles.

 

December 2010: Nissan launches Leaf electric car

(Photo by Keiichiro Asahara)

Ghosn poses with Nissan's Leaf all-electric vehicle during a news conference at the company's global headquarters in Yokohama, south of Tokyo, in October 2011. Ghosn calls it the world's first mass-production electric vehicle, and the car puts Nissan out in front of global automakers in the now-burgeoning electrification movement.

 

March 2011: Major earthquake strikes Japan

  © Kyodo

Ghosn cheers up employees at the factory in the city of Iwaki after a tsunami devastated Japan following the earthquake.

 

May 2016: Nissan announces Mitsubishi Motors investment

(Photo by Koji Zenke)

Ghosn and Osamu Masuko, CEO of Mitsubishi Motors, shake hands during a news conference in Yokohama, one month after Mitsubishi admitted to goosing its fuel-efficiency numbers. Ghosn calls Mitsubishi's share price crash an opportunity to enlarge upon the Renault-Nissan alliance, saying Mitsubishi's prowess in minicars will help all three automakers.

 

November 2018: Nissan accuses Ghosn of financial misconduct

     © Reuters

Nissan President and CEO Hiroto Saikawa speaks with reporters at the company's Yokohama headquarters on Nov. 19 after the automaker announces that it accused Ghosn of understating his salary.

  © Reuters

Members of the media gather in front of the building for the Tokyo District Public Prosecutors Office on Nov. 19.

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