Thursday , December 3 2020

The Mitsubishi Motors Council meets on Monday to remove President Carlos Ghosn



The Management Board of Mitsubishi Motors Corp. will meet on Monday to remove Carlos Gosn from his role as President after his arrest and removal from Nissan Motor Co's alliance partner last week for alleged financial violations.

Removing Ghosn from Mitsubishi's eight-member board at Tokyo Motor Show in 1630 (0730 GMT) will put an end to his presidency of Japanese automakers amid dissatisfaction with the role of French partner Renault SA in the alliance.

Ghosn's launch will also mark the removal of the man who has earned Mitsubishi Motors' stabilization after being shaken by a scandal in 2016.

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The Alliance's leading allies meet this week in Amsterdam to protect their joint operations from the impact of Gon's arrest as a power struggle between Nissan and Renault stations.

Nissan Executive Director Hiroto Saikawa said on Monday that the concentration of power in Ghosn meant a lack of direct communication between other members of the Union's council, a man familiar with the city council said.

Nissan said it did not reveal details of internal events or messages to employees.

While it is nearly 60% larger than Renault, Nissan remains smaller in its shareholding structure. Ghosn insisted on a deeper engagement, including a potential full merger between the two French government's authors, despite strong reserves in the Japanese firm.

Nissan owns a controlling 34 percent stake in Mitsubishi Motors and has two directors on board. The other representative is Chief Executive Officer Osamu Masuko, who said last week that the alliance could be difficult to manage without Gon.

Nissan pushed Ghosn to a high stakes board meeting on Thursday, but Renault refrained from firing him as president and CEO. Ghosn denies the charges against him, NHK public radio reported on Sunday.

While carmakers have emphasized that operations and business have continued, Nissan has delayed the launch of its high-performance Leaf electric car to ensure that this important product can get the cover it deserves, "said a Nissan spokesman.


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