Nissan to go Bankrupt in 2-3 Years, Former Boss Predicts

Unless you’ve been living under a rock for the past year, you know that Nissan is going through some pretty rough times. Massive layoffs, freefalling profits, a few models being eliminated, frictions within the Renault-Nissan alliance and executives facing legal trouble are some of the topics that made headlines.

How bad is it? Well, the company will probably go bankrupt in two or three years, according to former CEO Carlos Ghosn, who was arrested in November 2018 amid fraud allegations, imprisoned for almost 130 days and freed on bail under strict conditions until his trial would start.

This shocking statement was expressed publicly through a former prosecutor, Nobuo Gohara, during a press conference held in Tokyo on Wednesday.

Photo: Nissan

Gohara and Ghosn met five times in a two-month period before the latter escaped to Lebanon to avoid facing justice in Japan. Gohara had planned to write a book, but it now looks like the project is dead.

Ghosn didn’t detail the reasons Nissan would run into difficulties, but he sure knows what he’s talking about. This is the man who completely turned Renault around from near bankruptcy in the late 1990s and did the same with Nissan upon his arrival in the early 2000s. His actions earned him the nicknames “The Cost Killer” and "Mr. Fix It."

Recently, word spread that Renault and Nissan would part ways, but representatives of both automakers came out to deny such a scenario. Regardless, the saga is far from over.

Share on Facebook

More on the subject

NewsNissan Micra, Infiniti Q70 Won’t Return, Reports Say
As you know, Nissan is going through rough times. Earlier this year, the Japanese automaker said it would eliminate thousands of jobs, revise its top management and streamline its portfolio to focus on core products. According to multiple reports, both the cheapest car in the lineup and the most expensive …
News2020 Nissan Sentra Debuts in Canada
Compact cars are still popular across the country and one of them, the completely redesigned 2020 Nissan Sentra , is making its Canadian debut today at the 2020 Montreal Auto Show. Rightfully ignored by many potential customers, the old Sentra looked pretty boring. In order to stand out from better-selling …
Test Drives2020 Nissan Qashqai: Not the Bargain You Want
Nissan has one of the most SUV-heavy lineups in the entire industry. With the Kicks , Qashqai , Rogue , Murano , Pathfinder and Armada , the company knows exactly what the name of the game is in 2020. We recently put the sub-compact Qashqai to the test and came …
Test Drives2020 Nissan TITAN: $300 Million Later
Full-size pickups have never been more popular—and important. If it weren’t for the Ram 1500 , FCA might no longer exist. Without the F-150 , Ford would be in a tough spot. And GM, despite having a strong global presence, needs the Silverado and Sierra for its bottom line. Unsurprisingly, …
NewsNissan Launches Subscription Pilot in the U.S.
Nissan , which is desperately trying to stop its downward spiral and looking for new ways to make money, has announced a subscription service model called Nissan Switch. Similar to Porsche, which started its Passport program with a pilot in Atlanta, the Japanese automaker will first test its service in …
Comments