The management of Nissan placed on the grill by the shareholders

La direction de Nissan passée sur le gril par les actionnaires

Tokyo | the leaders of The japanese car manufacturer Nissan were heavily criticized Monday by small shareholders at the annual general meeting of the group, its governance, its credibility after the case Ghosn as its uncertain future in the crisis.

“It seems to me that Renault controls Nissan (…), I think this weighs on the performance of Nissan. The French excellent may be in the arts but in technology they are weak! ” started a small carrier.

Renault owns 43% of Nissan, while the japanese company owns 15% of the French manufacturer, but without voting rights.

The president of Renault and the Renault-Nissan alliance-Mitsubishi Motors, Jean-Dominique Senard, as well as a director of Renault, Pierre Fleuriot, sit also in the board of directors of Nissan.

“I am afraid that Nissan does not disappear within two years (…). We need a strong leader, there are too many chefs in the kitchen (…). This is a karaoke or what? “was down another small shareholder, nostalgic of the old boss Carlos Ghosn, or at least the charisma he exuded.

“Nissan’s lack of credibility and does not inspire confidence” since the ouster burst of Carlos Ghosn at the end of 2018 on charges of embezzlement, has been criticized by another. Mr. Ghosn has fled to Lebanon end of 2019 to escape the justice of japan.

“You don’t make cars that people want to buy,” was still criticized another shareholder.

In the Face of this torrent of criticism, the director general of Nissan, Makoto Uchida, which delivered answers agreed.

The group has incurred a net loss, the colossal 671,2 billion yen (5.7 billion euros) on its last fiscal year 2019/20 and has not released forecasts for the current fiscal year, which promises to be very dark also due to the pandemic persistent Covid-19.

Nissan has not paid a dividend for the past fiscal year and does not expect to do so before you have recovered to levels of positive cash, as Mr. Uchida said he hoped to reach ” the second half 2021/22 “.

To try to go up the slope, the group has stepped up the last month its restructuring plan, deciding in particular to close its plant in Barcelona (Spain).

Nissan is also banking on the launch of new models, starting with the Ariya, an SUV is 100% electric, which will be officially presented on 15 July.

The group also intends to rely on its alliance with Renault and Mitsubishi Motors, in which the new strategy seeks primarily to restore profitability.

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