Posts tagged ‘Renault Nissan Mitsubishi’


Nissan’s own documents show Carlos Ghosn’s arrest was a boardroom coup

22.06.2020

I said it a long time ago: that the Carlos Ghosn arrest was part of a boardroom coup, and that the media were used by Hiroto Saikawa and co. (which I said on Twitter at the time). It was pretty evident to me given how quickly the press conferences were set up, how rapidly there was “evidence” of wrongdoing, and, most of all, the body language and demeanour of Mr Saikawa.
   Last week emerged evidence that would give me—and, more importantly, Carlos Ghosn, who has since had the freedom to make the same allegation that he was set up—cause to utter ‘I told you so.’
   I read about it in The National, but I believe Bloomberg was the source. The headline is accurate: ‘Nissan emails reveal plot to dethrone Carlos Ghosn’; summed up by ‘The plan to take down the former chairman stemmed from opposition to deeper ties between the Japanese company and France’s Renault’.
   One highlight:

the documents and recollections of people familiar with what transpired show that a powerful group of insiders viewed his detention and prosecution as an opportunity to revamp the global automaker’s relationship with top shareholder Renault on terms more favourable to Nissan.
   A chain of email correspondence dating back to February 2018, corroborated by people who asked not to be identified discussing sensitive information, paints a picture of a methodical campaign to remove a powerful executive.

   Another:

Days before Mr Ghosn’s arrest, Mr Nada sought to broaden the allegations against Mr Ghosn, telling Mr Saikawa that Nissan should push for more serious breach-of-trust charges, according to correspondence at the time and people familiar with the discussions. There was concern that the initial allegations of underreporting compensation would be harder to explain to the public, the people said.
   The effort should be “supported by media campaign for insurance of destroying CG reputation hard enough,” Mr Nada wrote, using Mr Ghosn’s initials, as he had done several times in internal communications stretching back years.

   Finally:

The correspondence also for the first time gives more detail into how Nissan may have orchestrated [board member] Mr Kelly’s arrest by bringing him to Japan from the US for a board meeting.

   Nissan’s continuing official position, that Ghosn and Kelly are guilty until proved innocent, has never rang correctly. Unless you’re backed by plenty of people, that isn’t the typical statement you should be making, especially if it’s about your own alleged dirty laundry. You talk instead about cooperating with authorities. In this atmosphere, with Nissan, the Japanese media duped into reporting it based on powerful Nissan executives, and the hostage justice system doing its regular thing, Ghosn probably had every right to believe he would not get a fair trial. If only one of those things were in play, and not all three, he might not have reached the same conclusion.

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Carlos Ghosn redresses the balance

10.01.2020

It’s been fascinating to watch Carlos Ghosn’s press conference in Beirut, and subsequent interviews, confirming my own suspicions back in November 2018 (as Tweeted and blogged).

   Criticisms of Japan’s justice system don’t just come from Ghosn. There was Mark Karpeles, who endured 11 months awaiting trial in Japan. From the Asia Times:

But Karpeles didn’t confess. Prosecutors kept re-arresting him and denied his lawyer’s request for bail again and again. During his incarceration, he suffered mild frost-bite, malnutrition and sleep disorders and went slightly stir crazy. He finally won bail in July 2016.

and:

It didn’t surprise me that the police and prosecutors didn’t want to find the real criminal: I had seen it before in the 2002 Nick Baker drug smuggling case. In that case, Japanese prosecutors declined evidence from overseas police agencies that supported Briton Baker’s assertion that he had been framed by his traveling companion. Their aim in the case was simple: conviction.

   The criticism isn’t coming only from foreigners. Carlos Ghosn’s own lawyer in Japan, Takashi Takano, recalled on his blog:

「・・・残念ながら、この国では刑事被告人にとって公正な裁判など期待することはできない。裁判官は独立した司法官ではない。官僚組織の一部だ。日本のメディアは検察庁の広報機関に過ぎない。しかし、多くの日本人はそのことに気がついていない。あなたもそうだ。20年間日本の巨大企業の経営者として働いていながら、日本の司法の実態について何も知らなかったでしょ。」

「考えもしなかった。」

「逮捕されたら、すぐに保釈金を積んで釈放されると思っていた?」

「もちろん、そうだ。」

「英米でもヨーロッパでもそれが当たり前だ。20日間も拘束されるなんてテロリストぐらいでしょう。でもこの国は違う。テロリストも盗人も政治家もカリスマ経営者も、みんな逮捕されたら、23日間拘禁されて、毎日5時間も6時間も、ときには夜通しで、弁護人の立ち会いもなしに尋問を受け続ける。罪を自白しなかったら、そのあとも延々と拘禁され続ける。誰もその実態を知らない。みんな日本は人権が保障された文明国だと思い込んでいる。」

「・・・公正な裁判は期待できないな。」

   The Asia Times story has a translation, and you’re free to copy and paste into a translation service.
   As someone who follows the car industry, and holds business and law degrees, this case has fascinated me far more than any Instagram caption from the Duke and Duchess of Sussex—and it will also be interesting to see how Renault Nissan Mitsubishi deals with the fallout.

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Bypassing the media, Carlos Ghosn tells it as it is

10.04.2019

I haven’t blogged much about Carlos Ghosn, though I’ve Tweeted aplenty since his arrest last November. Earlier this week, his lawyers released a video of Ghosn stating his position, and it echoes much of what I had Tweeted. He couldn’t make a personal appearance at a press conference himself, thanks to some conveniently timed (for Nissan) evidence that prompted another arrest by the Japanese authorities.
   The way the original exposé was done and the way the Japanese mainstream media lapped up the one-sided story and propagated it verbatim told me immediately that something was rotten inside Nissan. A lack of investigation should always tell you that not all is what it seems.

   While it’s true that Nissan is worth more than Renault now, we can’t forget what a terrible shape it was in at the time the alliance was forged. While Nissan could have declared the Japanese equivalent of Chapter 11, it’s interesting to speculate how it would have emerged: would it have saved face or would consumers have lost confidence, as they have with Mitsubishi? And in the wake of Ghosn’s arrest, stories in the western media began appearing: Nissan’s performance was faltering (‘mediocre,’ says Ghosn). It had had a recent scandal and a major recall. More likely than not, it meant that certain heads were going to roll. To save themselves, they rolled their leader instead.
   We’ll see if there has been financial impropriety as things proceed, but to me there’s an element of xenophobia in the way the story has developed; and it was a surprise to learn at how ill-balanced the Japanese legal system is.
   I’ve been vocal elsewhere on how poorly I think elements of both companies have been run, but Ghosn does have a valid point in his video when he says that leadership can’t be based solely on consensus, as it’s not a way to propel a company forward.
   I’m keeping an open mind and, unlike some of the reporting that has gone on, maintaining that Ghosn is innocent till proved guilty. It’s dangerous to hop on to a bandwagon. It’s why I was a rare voice saying the Porsche Cayenne would succeed when the conventional wisdom among the press was that it would fail; and why I said Google Plus would fail when the tech press said it was a ‘Facebook-killer’. Ghosn deserves to be heard.

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Autocade hits 13 million; and what’s the deal with Nissan’s withdrawal from mainstream passenger cars?

21.05.2018

Some time during May, Autocade exceeded 13 million page views. I can’t tell you the exact day, since it wasn’t a milestone that we’re socialized into noticing: I just happened across it one evening last week. It’s currently on 3,665 model entries, the latest being the Porsche 944. Admittedly, we haven’t added the premium brands as quickly as some mainstream ones.
   Since I’ve kept a log of this since the site’s inception (for reasons unknown to me now!), here’s how the traffic has progressed:

March 2008: launch
April 2011: 1,000,000 (three years for first million)
March 2012: 2,000,000 (11 months for second million)
May 2013: 3,000,000 (14 months for third million)
January 2014: 4,000,000 (eight months for fourth million)
September 2014: 5,000,000 (eight months for fifth million)
May 2015: 6,000,000 (eight months for sixth million)
October 2015: 7,000,000 (five months for seventh million)
March 2016: 8,000,000 (five months for eighth million)
August 2016: 9,000,000 (five months for ninth million)
February 2017: 10,000,000 (six months for tenth million)
June 2017: 11,000,000 (four months for eleventh million)
January 2018: 12,000,000 (seven months for twelfth million)
May 2018: 13,000,000 (four months for thirteenth million)

   In other words, it has had more visitors in the last four months than in the same period prior to that. If the June 2017–January 2018 period was anomalous, then we could say that Autocade is getting progressively more traffic.

Incidentally, Nissan, in both Australia and New Zealand, stopped selling passenger cars (apart from the 370Z and GT-R) last year, but it was only recently I came across their explanation. I had thought it was supply and demand, that people were heading into trucks, crossovers and SUVs more, but the official explanation is that Nissan knew about new Euro 5b emissions’ regulations and couldn’t be arsed to meet them.
   There are some supply and demand issues here: Nissan claims they were small volume, and the Pulsar ‘was mostly sold directly as a rental.’
   Still, to turn away even the rental market and hand it over to someone else doesn’t make sense, especially as a well understood rule in marketing is that it costs a lot more to get a new client than it does to retain an existing one.
   There’s no way Nissan didn’t know of this impending change, and it’s a shame it has exited a sector which it once sold very well in (remember the Sunny, or Datsun 120Y, of the 1970s?). With Renault New Zealand even more patchy in passenger-car sales, Renault Nissan Mitsubishi could find itself with a very small footprint here with passenger cars, especially as petrol prices hit their highest level yet. I’ve seen one sign where 95 octane is going for above NZ$2·40 per litre, and I paid a few cents shy of that last week.
   There are Qashqais and X-trails everywhere here, and maybe the group is perfectly happy with the economies it gets with those models’ Renault Mégane IV platform. And we’re not exactly a massive market.
   It just seems a bit short-sighted to me.

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Posted in business, cars, general, marketing, New Zealand, publishing | 2 Comments »