Renault And Nissan Aren’t Doing So Well Without Ghosn

AP

At least that’s what the former Nissan and Renault chairman believes.

In an interview with a French newspaper, Le Parisien, Carlos Ghosn said that he thought the results of Nissan and Renault were “pathetic.”

Although COVID-19 affected companies worldwide, Ghosn says that Nissan and Renault took the blow much harder than others.

He compared the share price fall from Nov. 2018 to Jun. 2020 of General Motors Co and Toyota Motor Corp with that of Nissan and Renault, reported Reuters.

While GM and Toyota only fell 12% and 15% respectively, Nissan dropped 55% and Renault dropped a whopping 70%.

“All of these manufacturers are facing the same COVID crisis, but Renault and Nissan are being punished more than the others,” he stated.

Ghosn, the ousted automotive mogul, was arrested in Japan in 2018 on charges of financial misconduct and fled custody in December 2019.

Evidence points to the possibility that this was all a plot to get rid of him because he wanted to tighten the alliance between Nissan and Renault, which, according to Ghosn, was the motive to get him arrested.

He was once regarded as the hero who took the ailing companies and transformed them into booming empires until they made him an alleged “outlaw.”

Ghosn’s scandal with the Japanese Justice might have stained his reputation, however, there is no denial whatsoever that he is the genius who not only saved these automotive giants but also brought them to outstanding success… and profits.