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The Aftermath
Nissan was once a giant in the Japanese automotive industry. It fell into a slump in the 1990’s and then it had recovered earlier this millennium followed by over a decade worth of period of success. The giant was back from its slump.
But it is now in another one of its downward spirals…
At the time of writing this piece, Nissan is expected to file a net loss of up to USD$6 billion for the fiscal year of 2020. This is the company’s biggest ever operating loss. EVER. Period. (Sugura, 2020), a clear reflection on how the globally recognised automotive company has fallen.
On the state of the Renault-Nissan Alliance, Ghosn commented in a newspaper interview that the results are pathetic (Irish, 2020). Its easy to blame the pandemic, but, Ghosn was adamant that this was due to a lack of joint leadership, between Renault and Nissan.
As Ghosn puts it, there was a ‘distrustful distance’ between Renault and Nissan. It seems that effectively after Ghosn’s ousting, the distance between Paris and Tokyo, if its not physically far enough, have widen even further.
There was a clear problem in communication between Renault and Nissan, a problem which Ghosn was able to control during his time at the top of both…
