New Nissan Chief Uchida Vows to Drive Turnaround

Economy

Yokohama, Dec. 2 (Jiji Press)--New Nissan Motor Co. <7201> chief Makoto Uchida vowed Monday to accelerate turnaround efforts at the Japanese automaker.

"Nissan is in a very tough environment," Uchida, 53, told a press conference at the company's headquarters in Yokohama, south of Tokyo, a day after he was promoted to president and chief executive officer.

Uchida said Nissan will promote its partnership with Renault SA while maintaining its independence, suggesting that he is negative about a merger with the French automaker.

Nissan has been in turmoil since the revelation in November last year of alleged financial misconduct by former Chairman Carlos Ghosn and his arrest.

"I consider seriously the fact that Nissan has caused confusion over the past year," Uchida said, offering an apology for the scandal.

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Jiji Press