https://www.nytimes.com/2019/11/12/business/nissan-earnings.html
"“Unlike in the past, we’re not chasing market share. We’re not chasing volume,” the company’s incoming chief financial officer, Stephen Ma, told reporters at a news conference at the company’s headquarters in Yokohama.
“The most important thing for us right now is business fundamentals in the U.S.,” he said, adding that he expected the company to see improvements in the market in the coming months.
The change is part of the company’s broader efforts to make a fresh start. Mr. Saikawa, who headed Nissan through most of the last year, resigned in September after a unanimous vote by the company’s board of directors. He was ousted in response to his admission that he had received $440,000 in improper compensation. Revelations of improper payments to other top executives, including two of the key players in Mr. Ghosn’s fall, quickly followed
Weeks later, the company retooled its senior leadership, appointing the former head of its China division, Makoto Uchida, as the new chief executive.
Mr. Uchida will officially take Nissan’s reins in December."
This does not sound good long or short term. If they do not make the jump from ICE to EV's it will be sad news for our region. I need to check on what progress they have made on getting my battery replaced over the last 4 weeks. We all can be looking at what happens in the coming months based on this article. If they do not pull out of a tail spin by Dec 2020 management wise the exits may be active. Eliminating 12,500 jobs world wide after your top talent has already fled sounds very serious to me. They already know China and Europe are lost if they do not gain major EV market share. Selling their controlling interest in their battery factory division could spell doom for the future of their EV business.