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Ghosn protege faces first crisis with Japan recall

Turning around a car company is no simple task. Consumers flip trends in months, the cost of fuel changes by the minute and labor is never easy to negotiate. Have you ever heard of Carlos Ghosn? He is the hero that turned around Nissan. He is now trying to help with Toyota. This article will explore the issues he is now facing include a recall with Toyota.

Key Takeaways:

  • Carlos Ghosn, one of the auto industry’s most celebrated turnaround artists, saved Nissan Motor Co. by managing himself out of numerous tight spots. Now his hand-picked successor faces a big test of his own, just six months into his tenure as Nissan’s CEO.
  • the automaker announced on Monday that it’s recalling 1.2 million vehicles in Japan after regulators discovered unauthorized inspectors approved vehicle quality. The recall covers all models produced in Nissan factories in Japan and will cost the company 25 billion yen ($222 million).
  • There’s no evidence so far that Nissan intentionally misled regulators. However, on Tuesday, Japan’s transport ministry conducted on-site inspections of Nissan facilities in Tochigi and Kyoto

“”the automaker announced on Monday that it’s recalling 1.2 million vehicles in Japan after regulators discovered unauthorized inspectors approved vehicle quality. “”

https://www.autonews.com/article/20171004/OEM02/310059998/ghosn-protege-faces-first-crisis-with-japan-recall