Former boss Ghosn says Nissan’s lack of vision is hurting Renault

By Satoshi Sugiyama


TOKYO, March 3 (Reuters) – Former Nissan Motor chairman Carlos Ghosn, who was ousted from the company following his arrest in Japan, said on Thursday that its alliance partner Renault SA (RENA.PA) is struggling because of the Japanese automaker’s lack of vision.

“I’m not very optimistic about the future of Nissan,” Ghosn told reporters following the sentencing of former Nissan executive Greg Kelly.

Kelly on Thursday received a six-month suspended sentence from a Tokyo court for helping Ghosn hide income.

Ghosn said Nissan is plagued by wishful thinking and weak performance and was heading back to the way the company ran before 1999, when Ghosn took over to save Nissan from failure.

Reporting by Satoshi Sugiyama; editing by Jason Neely