New Nissan CEO pledges better performance, cooperation with Renault

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New Nissan CEO pledges better performance, cooperation with Renault
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Nissan Motor Co chief executive Makoto Uchida said on Monday that he wo...

Nissan Motor's chief executive Makoto Uchida gestures during a news conference at Nissan Motor's headquarters in Yokohama, Japan, December 2, 2019. REUTERS/Kim Kyung-Hoon

The new executive team, which also includes CFO Stephen Ma and COO Ashwani Gupta, took the helm this month, a year after former chairman Ghosn was arrested on financial misconduct charges in Japan. A big task lies ahead of him and his team. Nissan is bracing for its lowest annual profit in 11 years and has slashed its dividend by 65%. Its struggles come at a time when car companies desperately need scale to keep up with sweeping technological changes like electric vehicles and ride-hailing.

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