Nissan Motor Co CEO Carlos Ghosn said on Friday that restoring Mitsubishi Motors Corp’s reputation, profitability and growth would be the biggest challenge, a day after announcing a $2.2 billion investment for a controlling stake in the troubled automaker.
“The biggest challenge is to support Mitsubishi changing itself and growing and being profitable and restoring its reputation,” Ghosn told a news conference at Nissan’s headquarters in Yokohama, south of Tokyo.
- Nissan to invest $9 billion in China in race for EV dominance
- Renault raises 2022 margin goal as electric line-up widened
- Nissan to recall 1.2 million cars in Japan over unauthorised checks
- Japanese Nissan executive tapped to replace Carlos Ghosn as CEO
- Nissan to name CEO Carlos Ghosn as chairman of Mitsubishi Motors
- Nissan takes 34% stake in scandal-hit Mitsubishi Motors
He added that winning back consumers’ trust was Mitsubishi Motors’s job, but that Nissan would support its efforts.
Nissan, Japan’s second-biggest automaker, agreed on Thursday to buy a 34 percent stake in Mitsubishi Motors, taking de facto control with a bet that bails out its smaller, scandal-hit rival which is in the midst of a mileage-cheating scandal.