Nissan's new CEO pledges to reverse trend in May

It is reported that on January 18, the new CEO Makoto Uchida pledged at Nissan's shareholder meeting: If he cannot reverse the decline of the Japanese second-largest automaker and improve profitability, he is willing to be fired. In addition, Makoto Uchida will announce a detailed Nissan revival plan in May this year.

In October last year, Nissan Motor Corporation issued an announcement, stating that Makoto Uchida, the company's senior vice president, chairman of the Nissan China Management Committee, and president of Dongfeng Motor Co., Ltd. will formally take over as CEO on December 1, 2019, replacing former CEO Hiroto Saikawa due to excessive pay. On December 1, 2019, Makoto Uchida officially took over as CEO of Nissan.

According to Nissan's previous fiscal year 2019 operating profit and net profit forecasts, it was lowered to 85 billion yen and 65 billion yen, respectively. At the same time, Nissan also lowered its fiscal year 2019 sales forecast in its financial report. It is estimated that 5.05 million new vehicles will be sold worldwide throughout the fiscal year, a decrease of 3.6% from the previous forecast.

In addition, the dispute between Nissan, Renault and former chairman Carlos Ghosn has not yet been resolved. Makoto Uchida took over Nissan at this time can be said to be facing internal and external difficulties. He said: "We must continue to invest in future products and move in the right direction, but it takes time." Uchida also said that the company has already formulated related plans, and the details will be released in May this year.